fbpx

Wednesday Earnings Roundup

A look at the latest crop of earnings.
(Julius Kielaitis)
(Julius Kielaitis)
Share on facebook
Share on twitter
Share on linkedin
Share on email

Twitter’s user base grew during the latest quarter despite kicking off one of its most prominent users, former President Donald Trump, WSJ reports.

  • Daily Users: 192 Million (+2.7%)
  • Revenue: $1.29 Billion (+28%)
  • Net Income: $222 Million (Nearly Doubled)

Lyft’s share price still trended upward after posting significantly declining quarterly revenues after the Covid-19 pandemic wiped out much of its business, CNBC reports.

  • Daily Active Riders: 12.55 Million
  • Revenue: $570 Million (-44%)
  • EBITDA Loss: $150 Million (-11.2%)

GM continued its “striking rebound in the second half of 2020 after a prolonged factory shutdown from the coronavirus pandemic” with a Q4 profit that surpassed Wall Street’s expectations, WSJ reports.

  • Revenue: $37.52 Billion (+22%)
  • Net Income: $2.85 Billion (Reversing a small loss from a year earlier)

Toyota has “cemented its status as Japan’s healthiest auto maker” with a quicker-than-expected rebound from the Covid-19 pandemic, WSJ reports.

  • Expected Yearly Revenue: $253 Billion (Slight increase from earlier projections)
  • Anticipated Operating Profit: $19.1 Billion (A rise of about $7 billion)
  • Note, Toyota’s fiscal year ends on March 31.

Justin Oh:

Twitter ($TWTR) is seeing a revitalization through the pandemic, just like Reddit and Snapchat. I, for one, have found Twitter to be a vibrant and educational platform, at least for FinTwit. While this is encouraging, Twitter has seen only compounded annual growth of 11% for revenue and 12% for EBITDA over the past five years. 

Twitter ($TWTR) now trades at 16x forward Gross Profit and 35x EBITDA. Not a bad valuation for an inflecting business, but also not as juicy as, say, a Facebook ($FB).

Although Lyft ($LYFT) reported a rough quarter, it beat EBITDA expectations by almost 19% and the stock is up almost 5% today. Lyft expects “a growth inflection beginning in the second quarter that strengthens in the second half of the year.” Lyft trades at a very cheap multiple (9x forward Gross Profit), but is completely dependent on a recovery in ride-hailing.

We will be eyeing Uber’s ($UBER) earnings closely after market close today.

See which of these stocks we hold on the ROIC Big Board.

Share on facebook
Share on twitter
Share on linkedin
Share on email

Responses

Your email address will not be published. Required fields are marked *

Related Posts