Notes
$NKLA - NIKOLA COULD BE THE SHINIEST WRECK IN THE EV SCRAPHEAP
The Arizona-based company infamously faked a promotional video to prove that its hydrogen-powered truck engine was functional. In fact the vehicle was using gravity to roll downhill. Short seller Hindenburg Research figured this out, and eventually so did the US Department of Justice. Nikola’s founder Trevor Milton is set to serve four years in prison for securities fraud over faking the company’s prospects.
https://t.co/6aaNdQLVXW
MORNING BID
Amazon ( $AMZN):
🔸 Q4 EPS: $1.86 (Est. $1.49)
🔸 Operating Income: $21.2B (Est. $19.145B)
🔸 Sales: $187.8B (Est. $187.299B)
Q1 Guidance:
🔸 Sales $151-155B (Est. $158.45B)
🔸 Operating Income $14-18B (Est. $18.347B)
🔸 AWS Sales: $107.6B
Tesla ( $TSLA):
🔸 China EV Sales in Jan: 63,238 units (-11.5% YoY, -32.6% MoM)
🔸 BYD Sales: 296,446 units (+47.5% YoY, -41.8% MoM)
Boyd Gaming ( $BYD):
🔸 Q4 Adjusted EPS: $1.96 (Est. $1.79)
🔸 Revenue: $1.04B (Est. $1B)
🔸 Strong growth in Online segment
Elf Beauty ( $ELF):
🔸 Q3 Adjusted EPS: $0.74 (Est. $0.76)
🔸 Revenue: $355.3M (Est. $330.39M)
🔸 FY25 Guidance:
🔸 EPS $3.27-$3.32 (from $3.47-$3.53)
🔸 Sales $1.3B-$1.31B (from $1.315B-$1.335B)
Expedia ( $EXPE):
🔸 Q4 Adjusted EPS: $2.39 (Est. $2.04)
🔸 Adjusted EBITDA: $643M (Est. $570.9M)
🔸 Revenue: $3.184B (Est. $3.07B)
🔸 Gross Bookings: $24.422B
🔸 Dividend reinstated
Mohawk Industries ( $MHK):
🔸 Q4 Adjusted EPS: $1.95 (Est. $1.85)
🔸 Revenue: $2.64B (Est. $2.54B)
🔸 Global Ceramic Sales: +1.5% reported, Flooring ROW Sales: -2.1% reported
🔸 Hurricane impact: ~$10M
Nikola ( $NKLA):
🔸 Shares decline on reports of potential sale, restructuring, or bankruptcy
Skechers ( $SKX):
🔸 Q4 EPS: $0.65 (Est. $0.75)
🔸 Sales: $2.212B (Est. $2.22B)
🔸 Q1 Guidance: Sales $2.4-2.43B (Est. $2.486B), EPS $1.10-1.15 (Est. $1.55)
Bill Holdings ( $BILL):
🔸 Q2 Adj EPS: $0.56 (Est. $0.47)
🔸 Revenue: $362.6M (+14% YoY, Est. $359.99M)
🔸 Q3 Guidance: EPS $0.35-$0.38 (Est. $0.34)
🔸 Revenue $352.5M-$357.5M (Est. $360.37M)
Cloudflare ( $NET):
🔸 Q4 Adj EPS: $0.19 (Est. $0.18)
🔸 Revenue: $459.9M (Est. $452.12M)
🔸 Added 55 customers spending >$1M/year in 2024
🔸 FY25 Guidance: Adj EPS $0.79-$0.80 (Est. $0.85), Revenue $2.09B-$2.094B (Est. $2.1B)
GoPro ( $GPRO):
🔸 Q4 Adj EPS: -$0.09 (Est. -$0.12)
🔸 Revenue: $200.88M (Est. $196.5M)
🔸 Q1 Guidance: EPS loss -$0.13 to -$0.03 (Est. -$0.08)
🔸 Revenue $115M-$135M (Est. $136.25M)
🔸 Gross Margin ~35%
Fortinet ( $FTNT):
🔸 Q4 EPS: $0.74 (Est. $0.61)
🔸 Revenue: $1.66B (Est. $1.6B), Billings: $2B
🔸 Non-GAAP Op Margin: 39% (+720 bps YoY)
🔸 FY25 Guidance: EPS $2.41-$2.47 (Est. $2.42), Revenue $6.65B-$6.85B (Est. $6.63B)
Lumentum Holdings ( $LITE):
🔸 Q2 Adj EPS: $0.42 (Est. $0.36)
🔸 Revenue: $402.2M (Est. $389.76M), Adj Gross Margin: 32.3%, Adj Op Margin: 7.9%
🔸 Q3 Guidance: Revenue $410M-$425M (Est. $411.84M), Adj EPS $0.47-$0.53 (Est. $0.42)
Microchip Technology ( $MCHP):
🔸 Q3 EPS: $0.20 (Est. $0.28)
🔸 Revenue: $1.026B (Est. $1.05B)
🔸 Q4 Guidance: Non-GAAP EPS $0.05-$0.15 (Est. $0.27), Revenue $920M-$1.0B (Est. $1.05B)
🔸 FY25 Capex: ~$135M
Monolithic Power Systems ( $MPWR):
🔸 Q4 EPS: $4.09 (Est. $3.98)
🔸 Revenue: $621.67M (Est. $608.09M)
🔸 Q1 Guidance: Revenue $610M-$630M (Est. $584.38M), Gross Margin 55.4%-56%
🔸 Dividend increased
Netflix ( $NFLX):
🔸 Considering bid for Formula One’s U.S. TV rights
Onto Innovation ( $ONTO):
🔸 Q4 Adj EPS: $1.51 (Est. $1.41)
🔸 Revenue: $263.939M (Est. $260.5M), Gross Margin: 50%
🔸 Q1 Guidance: Revenue $260M-$274M (Est. $267.4M), Adj EPS $1.40-$1.54 (Est. $1.49)
Pinterest ( $PINS):
🔸 Q4 Adj EPS: $0.56 (Est. $0.65)
🔸 Adj EBITDA: $470.943M (Est. $444.6M), Revenue: $1.154B (Est. $1.139B)
🔸 Q1 Guidance: Revenue $837M-$852M (Est. $832.78M), Adj EBITDA $155M-$170M (Est. $140.75M)
Qualys Inc. ( $QLYS):
🔸 Q4 EPS: $1.60 (Est. $1.37)
🔸 Revenue: $159.2M (Est. $156.27M)
🔸 FY25 Guidance: Non-GAAP EPS $5.50-$5.90 (Est. $6.09), Revenue $645M-$657M (Est. $651.13M)
SS&C Technologies ( $SSNC):
🔸 Q4 Adj EPS: $1.58 (Est. $1.32)
🔸 Adj Op Income: $581.9M (Est. $569.2M), Adj Revenue: $1.5361B (Est. $1.483B)
🔸 FY Guidance: Adj Revenue $6.085B-$6.245B (Est. $6.159B), Adj EPS $5.64-$5.96 (Est. $5.75)
Synaptics ( $SYNA):
🔸 Q2 Adj EPS: $0.92 (Est. $0.86)
🔸 Revenue: $267.2M (Est. $265.6M), Gross Margin: 53.6%
🔸 Q3 Guidance: Revenue $250M-$280M (Est. $253.27M), Adj EPS $0.65-$1.05 (Est. $0.72)
Take-Two Interactive ( $TTWO):
🔸 Q3 EPS: -$0.71
🔸 Adj EBITDA: $88.8M, Revenue: $1.36B (Est. $1.39B)
🔸 Q4 Guidance: Revenue $1.52B-$1.62B (Est. $1.538B), Adj EBITDA $223M-$277M (Est. $327.92M)
ViaSat ( $VSAT):
🔸 Q3 EPS: $0.11 (Est. $0.05)
🔸 Revenue: $1.12B (Est. $1.13B)
🔸 On track for FY guidance; FY26 expects YoY revenue and Adj EBITDA growth, Capex ~$1.3B