ABNB Q3 Earnings Analysis Airbnb reported third quarter earnings recently the company beat on both revenue and profit expectations. Quarterly revenue came in at $3.40B vs the $3.37B projections, and profit per shares was $2.43, higher than the $2.10 expectations. Despite the earnings beat, the company’s shares didn’t see an influx of buyers, which could be because of the weaker than expected 4th quarter guidance. Airbnb’s guidance reflects revenue between $2.13B and $2.17B, citing the decline in international travel during the final three months of the year due to holidays. The company’s history shows that the majority of their revenue comes from outside the U.S., so their reasoning for the revenue decline is valid. Even though the company didn’t mean...
PAYC Q3 Earnings Analysis Shares of Paycom posted their worst day on record after reporting their third quarter earnings and falling short of analyst expectations. The payroll and human resources company had already struggled to impress Wall Street since their last earnings, and their guidance miss this quarter didn’t sweeten their valuation at all. Analysts expected the company to post about a 20% revenue growth projection in 2024, but they fell short, projecting only 10-12% growth expectations. Even after the earnings decline, PAYC is still trading at a 42 P/E ratio, far above their largest competitor, ADP. ADP is bringing in nearly $20B in revenue a year and is trading at a 25 P/E ratio, where is PAYC is only...
AMD Q3 Earnings Results AMD reported third quarter earnings and topped expectations on both EPS and revenue. The company’s profits came in at 70 cents per share vs the expected 68 cents, and revenue came in at $5.8B vs the $5.7 expected. They did fall short on fourth quarter guidance, projecting $6.1B vs analyst expectations of $6.37B, which hurt them initially, but the stock recovered on the upbeat outlook for 2024. AMD is expected to sell $2B in artificial intelligence chips in 2024, which places them among the top companies in their industry and in AI. This marks another quarter of growth for AMD and sheds light on their potential. AMD has been moving sideways for months, but this may...
GLD Chart done on daily timeframe. Precious metals have always been a safe haven for investors when economical or geopolitical uncertainty grows. Gold and silver in specific become highly desirable in inflationary environments, but unlike other times in history, this inflation cycle didn’t push these precious metals, likely because investors capital was flowing into real estate and partially into cryptocurrency. However now with high interest rates beginning to take a toll on real estate, and with multiple U.S. backed wars around the world, we’ve seen an uptick in in precious metals once again, reflecting the strongest buying volume in months. We’re expecting gold and silver to continue rising and are already holding shares of SLV. If this push follows through...
Chevron (CVX) Post-Earnings Analysis: Energy stocks were expected to head higher as the war in The Middle East intensified, but that’s far from the case from oil giants like Chevron and Exxon. Shares of both companies have been selling off and even their strong earnings report didn’t help, especially for Chevron. The company is down more than 5% after earnings as traders react to the earnings miss. Revenue came in line, but EPS fell short, coming in at $3.05 per share vs. $3.70 expectations. One major reason oil companies have not been moving higher in 2023 despite the high energy prices could be that Wall Street sees they’ve “maxed out” their potential and will report flat or modest earnings in...
