Spotify Technology (SPOT) Earnings Analysis Chart done on daily timeframe. Spotify shares are at a new 52 week high following the company’s outstanding earnings report. The Swedish based streaming platform posted record profit margins thanks to their price hikes, bringing their earning per share to 1.33 euros versus the 1.05 expected. Their revenue grew 20% year over year to 3.8B euros. Monthly active users, a number watched closely for subscription based platforms, grew 14% year over year to 626M users, below the 631M expectations, but still a massive number. Spotify has yet to post a profitable year, but this is their second quarterly earnings of positive net income, a promising signal that they’ll finally post a profitable year. Spotify shares...
Coca-Cola (KO) Earnings Analysis The chart, analyzed on an hourly timeframe, shows that shares of Coca-Cola are rising following the company’s impressive quarterly earnings. Coca-Cola posted second quarter earnings per share of 84 cents, surpassing Wall Street’s estimates of 81 cents. Additionally, revenue exceeded expectations, coming in at $12.4 billion compared to the estimated $11.8 billion. This performance highlights Coca-Cola's ability to maintain growth even during challenging economic times. While historical performance is crucial, Wall Street places significant emphasis on forward guidance. Coca-Cola did not disappoint in this regard, raising its guidance from 4-5% to an impressive 8-9%. This substantial increase serves as a reinforcing signal for investors, indicating strong future prospects. Although Coca-Cola’s "growth" stage is long behind it,...
CrowdStrike Holdings Chart done on hourly timeframe. CrowdStrike shares slipped lower again to kick off the new week as the company continues to deal with the aftermath of the global tech outage. Thousands of consumers and dozens of industries were impacted by the outage, leading some analysts to downgrade the stock, which spread even more fear for investors. In a matter of just two days, the stock fell below its key 100 and 200 day moving averages, supports it has held since May 2023. Some aggressive investors are arguing that this may be a good time to buy the stock, so let’s dive into their numbers. CrowdStrike is a fast growing company that has managed to boost revenue at double...
Jumia Technologies Chart done on daily timeframe. Jumia shares are up more than 500% from their 52 week lows as buyers pour into the e-commerce stock. What’s labeled as Africa’s “first tech start-up” has excited investors across the globe in the company’s potential, but diving deeper into their fundamentals, their numbers are still fairly low. Young companies are often forgiven for having weakness in profitability, but in order to make up for it they need to post strong revenue trend, which isn’t the case for JMIA. Year over year revenue has struggled to consistently grow over the past six years, and profit margins have also remained non-existent. The company seems to be losing money year over year, and their free...
MetLife Pre-earnings Analysis Chart done on hourly timeframe. Shares of MetLife reached a new all time high in a sympathy move to UnitedHealth Group’s recent earnings jump, but their move will be tested on the company’s upcoming quarterly earnings. The report is set for July 31st and is anticipated to be a big one for the company. Quarter over quarter profits are set to grow from 1.83 to 2.13 per share, their highest projection in the past year. The company has had an inconsistent history when it comes to meeting expectations, so whether or not they could meet the ambitious target is highly uncertain. Their historical trends when it comes to revenue growth have also been flat, mostly plateaued over...
