initial public offerings (IPOs) trading on American exchanges

Thursday, November 29, 2018

YETI Holding (YETI) reported earnings on Thur 29 Nov 2018 (b/o)

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YETI Holdings beats by $0.03, reports revs in-line; guides FY18 EPS above consensus
  • Reports Q3 (Sep) earnings of $0.24 per share, $0.03 better than the S&P Capital IQ Consensus of $0.21; revenues rose 7.2% year/year to $196.1 mln vs the $195.16 mln S&P Capital IQ Consensus.
  • Co issues upside guidance for FY18, sees EPS of $0.79-0.82 vs. $0.76 S&P Capital IQ Consensus.
    • Net sales to increase between 19% and 20% compared to Fiscal 2017 with higher sales growth in the DTC channel relative to the wholesale channel

Monday, November 26, 2018

StoneCo (STNE) reported earnings on Mon 26 Nov 18 (a/h)

  • Other top payments stocks: Visa (V), Mastercard (MA), PayPal (PYPL), Square (SQ) 
  • Recent Brazilian IPO
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Warren Buffett-Backed IPO Reports Adjusted Earnings Jump Of 1,467%

Brazilian fintech firm StoneCo (STNE), which counts Warren Buffett as a backer, reported adjusted earnings soared in Q3, in its first report since an October IPO.

StoneCo Earnings
Estimates: Wall Street expects the Brazilian credit-card processor's earnings per share come in at 11 cents, according to Zacks Investment Research. Revenue estimates are not available.

Results: Adjusted net income soared to 89.3 million Brazilian reais from 5.7 million a year ago. Revenue jumped 121.4% to 414.1 million Brazilian reais. As of Sept. 30, StoneCo had 234,400 thousand active clients, up 127% from a year ago. Payment volume surged 84% to 21.8 billion Brazilian reais.

"Our performance so far in the fourth quarter 2018 in terms of growth, operational leverage, profitability and take rate has been strong and on track," StoneCo said in a statement. "The Company's strategy of having the best customer experience, a disciplined execution and being very close to the clients has been paying off."

Warren Buffett Backs StoneCo
StoneCo stock has high-pedigree backing, with Warren Buffett's Berkshire Hathaway (BRKB) revealing that it owns 14.2 million shares of the Brazilian financial technology firm. This amounts to an 11.3% stake in the company. The position was taken when the firm went public Oct. 25.

Berkshire is not known for its financial or tech investments, however this may be changing. It also invested in Paytm, India's largest mobile-payments service, in August.

StoneCo touts itself as a leading provider of financial technology solutions in its native Brazil. Its products help merchants and partners conduct e-commerce in-store, online, and through mobile channels. It competes with fellow Brazilian stock PagSeguro (PAGS), which was recently listed among the IPO Leaders list and reports Thursday.

StoneCo is planning to use the proceeds from its stock market IPO for mergers, acquisitions and working capital. In addition, it is planning to offer banking services and start a loyalty program.

Tuesday, November 20, 2018

Pinduoduo (PDD) reported earnings on Tue 20 Nov 2018 (b/o)

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Pinduoduo reports Q3 results
  • Co reports Q3 EPS of (RMB 0.17) vs (RMB 0.25) single est; revs RMB 3.372 bln versus RMB 2.928 billion Capital IQ two est average.
  • Average monthly active users in the quarter were 231.7 million, an increase of 226% from 71.1 million in the same quarter of 2017.

Sunday, November 18, 2018

Beyond Meat files for IPO

Beyond Meat is a Los Angeles-based producer of plant-based meat substitutes. Beyond Meat's products became available nationwide at Whole Foods Market in 2013.
  • Founder & CEO: Ethan Brown
  • Founded: 2009, Los Angeles, CA
  • Headquarters: El Segundo, CA
  • Parent organization: Savage River Inc.
  • beyondmeat.com


Beyond Meat Inc. filed documents late Friday signalling plans to list its initial public offering on the Nasdaq under the symbol BYND. The El Segundo, Calif.-based food company reported third-quarter net losses of $9.3 million on sales of $26.3 million; its losses widened from $7.2 million on sales of $9.4 million in the year-earlier period. In the Securities and Exchange Commission filing, the company said it plans to raise $100 million, but that number is often a placeholder which it will update as it gets closer to listing the stock. Goldman Sachs, J.P. Morgan and Credit Suisse are among the banks listed as underwriters for the offering.



Wednesday, November 14, 2018

Vapotherm (VAPO) began trading on the NYSE on 14 November 2018

  • Sector: Healthcare
  • Industry: Medical Devices
  • Full Time Employees: 276
  • Founded in 1993
  • HQ in Exeter, New Hampshire
  • http://www.vapotherm.com

Vapotherm’s products deliver mask-free, high-flow oxygen support to hospital patients in respiratory distress, using nasal cannulae at volumes up to 8 L/m in infants or 40 L/m in adults, as an alternative to other pressure-based ventilation devices.
The company estimated that more than 1.5 million patients have been treated with its Precision Flow systems, via more than 12,000 installed units, according to its preliminary prospectus filed with the SEC.


Tuesday, November 13, 2018

Tilray (TLRY) reported earnings on Tue 13 Nov 2018 (a/h)

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 Tilray beats by $0.04, revenue at low end of upside pre-announcement 
  • Reports Q3 (Sep) adj. loss of $0.08 per share, $0.04 better than the S&P Capital IQ Consensus of ($0.12); revenues rose 85.2% year/year to $10 mln vs the $10.25 mln S&P Capital IQ Consensus, driven by increased patient demand, bulk sales to other Licensed Producers, and accelerated wholesale distribution in export markets.
  • Preannounced rev $10.0-10.5 million vs. $9.9 mln ests last month.
  • Total kilogram equivalents sold increased over two-fold to 1,613 kilograms from 684 kilograms in the prior year. Average net selling price per gram was $6.21 (C$7.98) compared to $7.53 (C$9.34) for the three months ended September 30, 2017.

Cushman & Wakefield (CWK) reported earnings on Tue 13 Nov 2018 (a/h)

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Cushman & Wakefield beats by $0.27, beats on revs
  • Reports Q3 (Sep) earnings of $0.45 per share, $0.27 better than the S&P Capital IQ Consensus of $0.18. Reports revs of $2.1 bln vs. the $1.91 bln consensus.
  • Adjusted EBITDA was $179.0 million, up 75% (77% local currency). Adjusted EBITDA margin of 11.9% was up 400 bps driven by Fee revenue mix and operating leverage.
  • Outlook: The company now expects full year 2018 Adjusted EBITDA to be in the range of $630.0 million to $650.0 million. 

Tuesday, November 6, 2018

TrueCar (TRUE) reported earnings on Tue 6 Nov 2018 (a/h)

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TrueCar misses by $0.01, reports revs in-line; guides Q4 revs below consensus 
  • Reports Q3 (Sep) earnings of $0.04 per share, excluding non-recurring items, $0.01 worse than the S&P Capital IQ Consensus of $0.05; revenues rose 13.5% year/year to $93.59 mln vs the $93.89 mln S&P Capital IQ Consensus.
    • Third quarter Adjusted EBITDA(2) of $10.0 million, representing an Adjusted EBITDA margin(3) of 10.7%, compared to Adjusted EBITDA of $8.0 million, representing an Adjusted EBITDA margin of 9.7%, in the third quarter of 2017.
    • Units(4) were 268,026 in the third quarter of 2018, up 6% from 253,527 in the third quarter of 2017.
  • Co issues downside guidance for Q4, sees Q4 revs of $95.5-97.5 mln vs. $98.83 mln S&P Capital IQ Consensus.
    • Units are expected to be in the range of 262,000 to 267,000.
    • Adjusted EBITDA is expected to be in the range of $10.0 million to $11.0 million.

Twilio (TWLO) reported earnings on Tue 6 Nov 2018 (a/h)

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Twilio beats by $0.05, beats on revs; guides Q4 EPS, revs above consensus
  • Reports Q3 (Sep) earnings of $0.07 per share, excluding non-recurring items, $0.05 better than the S&P Capital IQ Consensus of $0.02; revenues rose 68.0% year/year to $168.9 mln vs the $151.62 mln S&P Capital IQ Consensus.
  • 61,153 Active Customer Accounts as of September 30, 2018, compared to 46,489 Active Customer Accounts as of September 30, 2017.
  • Co issues upside guidance for Q4, sees EPS of $0.03-0.04, excluding non-recurring items, vs. $0.02 S&P Capital IQ Consensus; sees Q4 revs of $183-185 mln vs. $160.64 mln S&P Capital IQ Consensus.
  • Pending acquiree SendGrid (SEND) also announced earnings:
    • Q3 EPS of $0.05 vs $0.03 S&P Capital IQ Consensus Estimate; revs $37.20 mln vs $36.06 mln S&P Capital IQ Consensus Estimate...Due to the pending transaction with Twilio, Inc., the company is not providing a full-year 2018 outlook.

Thursday, November 1, 2018

GasLog (GLOG) reported earnings on Thur 1 Nov 2018 (b/o)

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GasLog beats by $0.10, beats on revs

  • Reports Q3 (Sep) earnings of $0.19 per share, excluding non-recurring items, $0.10 better than the S&P Capital IQ Consensus of $0.09; revenues rose 20.7% year/year to $158.4 mln vs the $153.59 mln S&P Capital IQ Consensus.
  • LNG demand growth was strong and broad-based during the first nine months of 2018, growing 7% over the same period of 2017, according to data from Poten. LNG demand growth was led by China which grew approximately 42% year-over-year or nearly 11 million tonnes per annum as the country continued to grow its natural gas usage as a percentage of its total energy consumption.
  • "Looking ahead, in our view, strong LNG demand, new sources of supply coming onstream and limited availability of shipping capacity over the near-term are combining to create the potential for the recent strength in LNG shipping spot rates to be sustained through at least early 2019.While we may see a seasonal moderation in spot rates during the first half of 2019, we do not expect this to be as pronounced as was the case in early 2018."
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    Vista Outdoor beats by $0.02, reports revs in-line; raises bottom end of FY19 EPS; reaffirms FY19 rev guidance

  • Reports Q2 (Sep) earnings of $0.05 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.03; revenues fell 6.9% year/year to $546.6 mln vs the $541.2 mln S&P Capital IQ Consensus.
  • Co issues in-line guidance for FY19, sees EPS of $0.20-0.35 from $0.15-0.35, excluding non-recurring items, vs. $0.26 S&P Capital IQ Consensus; reaffirms FY19 revs of $2.10-2.16 bln vs. $2.13 bln S&P Capital IQ Consensus.