Notes
Earnings Summary (Q4 & Guidance) 📊
Beats & Positive Outlook 🟢
✅ HubSpot ( $HUBS): EPS $2.32 (est. $2.19), revenue $703.2M (est. $673.3M). Q1 & FY revenue guidance slightly below estimates.
✅ MKS Instruments ( $MKSI): EPS $2.15 (est. $1.95), revenue $935M (est. $914.2M). Q1 guidance mixed.
✅ Pega Systems ( $PEGA): EPS $1.61 (est. $1.46), revenue $490.8M (est. $470.7M). FY guidance slightly below estimates.
✅ Q2 Holdings ( $QTWO): EBITDA $37.6M (est. $35.5M), revenue $183M (est. $179.9M). Guidance above estimates.
✅ Sony ( $SONY): Raises profit forecast 2% to 1.34T yen ($8.7B). Gaming unit profit +37%. Sold 9.5M PS5 units (vs. 8.2M YoY).
✅ Dutch Bros ( $BROS): EPS $0.07 (est. $0.02), revenue $342.8M (est. $317.8M). FY revenue & EBITDA guidance above estimates.
✅ MGM Resorts ( $MGM): EPS $0.45 (est. $0.30), revenue $4.3B (est. $4.27B). Strong demand in 2025, BetMGM expected to be profitable.
✅ Royal Caribbean ( $RCL): $1B buyback & 36% dividend increase.
✅ Service Corp. ( $SCI): EPS $1.06 (est. $1.05), revenue $1.093B (est. $1.08B). Invested $181M in funeral home/cemetery acquisitions. FY EPS guidance $3.70-$4.00 (est. $3.93).
✅ Pilgrim’s Pride ( $PPC): EPS $1.35 (est. $1.15), EBITDA $525.7M (est. $487.85M). Revenue below estimates at $4.372B (est. $4.589B).
✅ Molson Coors ( $TAP): EPS $1.30 (est. $1.13), revenue $2.74B (est. $2.7B). FY net sales expected to grow.
✅ AppLovin ( $APP): EPS $1.73 (est. $1.24), revenue $1.373B (est. $1.264B). Guides Q1 revenue $1.355-1.385B (est. $1.321B).
✅ Cisco ( $CSCO): EPS $0.94 (est. $0.91), revenue $14B (est. $13.87B). Increases dividend & buyback. Raises FY25 EPS & revenue outlook.
✅ Cognex ( $CGNX): EPS $0.20 (est. $0.16), revenue $230M (est. $220.7M). Q1 revenue guidance below estimates.
✅ Deere ( $DE): EPS $3.19 (est. $3.11); revenue $8.51B (-30% y/y, but beats est. $7.89B). FY25 sales decline expected in all divisions.
✅ Advanced Energy ( $AEIS): EPS $1.30 (est. $1.10); revenue $415.4M (est. $394.2M). Q1 guidance slightly above estimates.
✅ Williams Energy ( $WMB): EPS $0.47 (est. $0.45). Raises FY25 EBITDA guidance to $7.45B-$7.85B.
✅ Paycom Software ( $PAYC): EPS $2.32 (est. $1.97); revenue $493.8M (est. $408.8M). FY EBITDA & revenue guidance in-line.
✅ Reddit ( $RDDT): EPS $0.36 (est. $0.25); revenue $427.7M (+71% y/y, est. $405.5M). Q1 guidance above estimates.
✅ Robinhood ( $HOOD): EPS $1.01 (est. $0.52); revenue $1.01B (est. $951.8M). AUC up 88% y/y, user revenue up 102%.
✅ Curtiss-Wright ( $CW): EPS $3.27 (est. $3.09); revenue $824M (est. $789.6M). Strong FY25 guidance.
✅ Casella Waste ( $CWST): EPS $0.41 (est. $0.16); revenue $427.5M (est. $419.5M). FY25 revenue & EBITDA guidance above estimates.
✅ Hubbell ( $HUBB): Announces $500M share buyback.
Mixed Results 🟡
⚠️ Antero Resources ( $AR): EPS $0.26 (miss, est. $0.29); revenue $1.194B (beat, est. $1.17B). Raised production targets, lowered capital budget.
⚠️ GE HealthCare ( $GEHC): EPS $1.45 (est. $1.26); revenue $5.32B (in-line). Sees FY25 revenue up 2-3%, cautious on China tariffs.
⚠️ GXO Logistics ( $GXO): EPS $1.00 (est. $0.94); revenue $3.3B (est. $3.22B). FY25 EPS guidance below estimates.
⚠️ Manitowoc ( $MTW): EPS $0.10 (miss, est. $0.12); revenue $596M (miss, est. $600.1M). FY25 EPS guidance below consensus.
⚠️ Equinix ( $EQIX): AFFO/share $7.92 (est. $8.09), revenue $2.261B (est. $2.274B). FY guidance below estimates.
⚠️ Trade Desk ( $TTD): EPS $0.59 (est. $0.56), revenue $741M (est. $758.9M). Q1 guidance below estimates.
⚠️ Nestlé ( $NSRGY): Sales 91.35B francs (-1.8%), profit 10.88B francs (-2.9%). Growth driven by price hikes but warns of lower 2025 margins.
⚠️ Nissan ( $NSANY) & Honda (HMC): Terminated merger talks from December 2023.
⚠️ Rollins ( $ROL): EPS $0.23 (est. $0.23), revenue $832M (est. $817.5M). Operating income missed estimates ($151M vs. $160.4M).
⚠️ Wyndham Hotels ( $WH): EPS $1.04 (est. $0.99), revenue $341M (est. $344.47M). Guides FY RevPAR growth 2-3%. FY EPS $4.66-$4.78 (est. $4.78).
Misses & Weak Guidance 🔴
❌ 10X Genomics ( $TXG): EPS (-$0.40) (miss, est. -$0.11); revenue $165M (in-line). FY25 revenue guidance slightly below consensus.
❌ Albemarle ( $ALB): EPS (-$1.09) (miss, est. -$0.67); revenue $1.2B (miss, est. $1.34B). Plans cost cuts & production shifts.
❌ Tyler Technologies ( $TYL): EPS $1.49 (est. $1.61), revenue $541.1M (est. $540.5M). FY revenue guidance below estimates.
❌ Fastly ( Earnings Summary (Q4 & Guidance) 📊): EPS (-$0.03) (est. $0.00), revenue $140.58M (est. $138.63M). FY25 EPS & revenue guidance below estimates.
Color Code:
🟢 Beat ✅ | 🟡 Mixed ⚠️ | 🔴 Miss ❌
RECAP
• $AAP Q3: Sales down 21% to $2.15B, below $2.67B forecast; EPS at -$0.04 vs. $0.49 expected. Plans include store and distribution center closures, and headcount cuts.
• $BZH Q4: Revenue up 25% to $806.2M vs. $777.8M expected; Adjusted EBITDA down 10.5%. Home closings up 4.8%, but gross margin decreased.
• $BV Q4: Adj. EPS $0.30 vs. $0.31 est., revenue slightly below at $728.7M. FY guidance lower than expected.
• $CPRI ends merger with Tapestry, which then ups its share buyback plan.
• $IBTA Q3: EPS $0.94 vs. $0.35 forecast, revenue up 16% to $98.6M. Q4 revenue guidance below expectations.
• $JJSF Q4: Adj. EPS $1.60 vs. $1.85 expected, sales slightly under $429.75M estimate.
• $HP Q4: EPS $0.76 vs. $0.81 expected, revenue $694M vs. $695.24M forecast. FY25 CapEx guidance $290M-$325M, depreciation around $400M, R&D $32M.
• $HI Q4: Adj. EPS $1.01 vs. $0.92 expected, revenue $837.6M vs. $792.98M. Q1 and FY25 EPS guidance below estimates.
• $OVV agrees to acquire Montney assets for $2.377B cash from Paramount Resources Ltd.
• $TTEK Q4: EPS $0.38 vs. $0.37 expected, revenue $1.37B vs. $1.135B. Provides next quarter and FY guidance.
• $NU Q3: Adjusted net income $592M vs. $559M est., revenue $2.9B as expected, ROE at 30%.
• $OPRX Q3: EPS $0.12 vs. $0.06 est., revenue $21.3M vs. $25M. FY guidance below expectations.
• $TARS Q3: EPS ($0.61) vs. ($0.97) est., sales $48.1M vs. $43.44M.
• $CSCO Q1: EPS $0.91 vs. $0.87, revenue $13.84B vs. $13.77B. Provides Q2 and FY guidance.
• $DIS Q2: EPS $1.14 vs. $1.10, revenue $22.57B vs. $22.47B. Forecasts high-single digit EPS growth for FY25.
• $ASML expects sales to reach €44B-€60B by 2030, with 8%-14% annual growth.
• $DDD Q3 prelim: Revenue about $113M, with growth in materials but decline in printer sales.
• $DIGI Q4: EPS $0.52 vs. $0.50, revenue $105.1M vs. $104.08M. Q1 guidance set.
• $JD Q3: EPS $1.24 vs. $1.05, revenue up 5.1% to $37.1B. No Q4 guidance.
• $KLIC Q4: EPS $0.34 vs. $0.35, revenue $181.3M vs. $180M. Announces share repurchase and dividend increase.
• $NN Q3: EPS ($0.11) vs. ($0.16), revenue $1.61M vs. $1.105M.
• $SONO Q4: EPS ($0.18) vs. ($0.41), revenue $255.38M vs. $247.36M. No forward guidance.
• $SYNA to issue $400M in convertible notes due 2031.
#Upgrades - Nov 11, 2024
• $AKAM: HSBC Upgrades to Buy from Hold - PT $121
• $AMH: Evercore ISI Upgrades to Outperform from In Line - PT $42 (from $41)
• $CBOE: Deutsche Bank Upgrades to Buy from Hold - PT $222 (from $212)
• $CSCO: JPMorgan Upgrades to Overweight from Neutral - PT $66 (from $55)
• $EPAM: Scotiabank Upgrades to Sector Outperform from Sector Perform - PT $275
• $MLNK: UBS Upgrades to Neutral from Sell - PT $25.50 (from $18)
• $MRCY: Jefferies Upgrades to Hold from Underperform - PT $42 (from $30)
• $NTST: Scotiabank Upgrades to Sector Outperform from Sector Perform - PT $18
• $OEC: JPMorgan Upgrades to Overweight from Neutral - PT $21 (from $20)
• $OUST: Cantor Fitzgerald Upgrades to Overweight from Neutral
• $PINS: Wedbush Upgrades to Outperform from Neutral - PT $38
• $SKT: BofA Securities Upgrades to Buy from Neutral - PT $40 (from $35)
• $SKT: BofA Securities Upgrades to Buy from Neutral - PT $40 (from $35)
• $UEIC: B.Riley Upgrades to Buy from Neutral - PT $14 (from $11)
• $UPST: BTIG Upgrades to Neutral from Sell
• $VLY: JPMorgan Upgrades to Overweight from Neutral - PT $11 (from $10.50)
• $WBD: Wolfe Research Upgrades to Peerperform from Underperform
• $WGO: Northcoast Research Upgrades to Buy from Neutral - PT $175
