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Friday, February 16, 2018

** charts before earnings **

** charts after earnings **

Enphase Energy beats by $0.02, beats on revs; guides Q1 revs in-line

Reports Q4 (Dec) earnings of $0.01 per share, $0.02 better than the Capital IQ Consensus of ($0.01); revenues fell 12.1% year/year to $79.67 mln vs the $75.62 mln Capital IQ Consensus.
- Non-GAAP gross margin was 24.2%, an increase of 240 basis points from 21.8% in the prior quarter. The increase was primarily due to the IQ 6 transition in North America, supply chain optimization and pricing management.
Co issues in-line guidance for Q1, sees Q1 revs of $65-70 mln vs. $65.19 mln Capital IQ Consensus Estimate.

** charts before earnings **

** charts after earnings **

GrubHub beats by $0.06, beats on revs; guides Q1 and FY18 in-line

Reports Q4 (Dec) earnings of $0.37 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $0.31; revenues rose 49.2% year/year to $205.1 mln vs the $201.55 mln Capital IQ Consensus. EBITDA +45% to $57 mln vs. $51-56 mln guidance.
Active Diners were 14.5 million, a 77% year-over-year increase from 8.2 million Active Diners in the fourth quarter of 2016. Daily Average Grubs (DAGs) were 392,500, a 34% year-over-year increase from 292,500 DAGs in the fourth quarter of 2016. Gross Food Sales were $1.1 billion, a 39% year-over-year increase from $818 million in the fourth quarter of 2016.
Co issues in-line guidancefor Q1, sees Q1 revs of $224-232 mln vs. $227.14 mln Capital IQ Consensus; EBITDA $54-60 mln.
Co issues in-line guidancefor FY18, sees FY18 revs of $910-960 mln vs. $938.33 mln Capital IQ Consensus; EBITDA $225-255 mln.
"The partnership with Yum! which we announced this morning will accelerate the expansion of our delivery network and amplify our diner acquisition efforts, raising consumer awareness of online ordering and driving more volume for all restaurants across our platform."