Given its valuation, Under Armour (NYSE:UA) (NYSE:UAA) is still a risky stock here, but the first quarter 2018 financial results were released earlier this week, which weren’t as bad as many thought, and the resulting price action gave the bulls some hope.
The reversal in the share price on the morning of the report was the first positive: the initial reaction to the Q1 ’18 earnings report was that the stock rose 2.6% pre-open, and then fell 6% during the conference call (trading down near $17), and then once the NYSE opened and general trading began, UAA rose steadily all day, finishing within $0.10 of its high and closing over $18.
It doesn’t seem like much, but technically-inclined investors will tell you that is far better action than the opposite on a company reporting a strong quarter.
However, let’s look at the numbers:
UAA EPS and revenue estimate trends:
Q1 ’18 Q4 ’17 Q3 ’17 Q2 ’17 2020 EPS est $0.51 $0.36 $0.47 n/a 2019 EPS est $0.31 $0.28 $0.36 $0.56 2018 EPS est $0.18 $0.17 $0.24 $0.46 2020 EPS est gro rt 65% 29% 31% n/a 2019 EPS est gro rt 72% 65% 50% 22% 2018 est EPS gro rt 0% -6% 14% 21% 2020 PE 34x 47x 29x n/a 2019 PE 56x 61x 38x 35x 2018 PE 97x 100x 56x 42x 2020 est rev’s ($’s bl’s) $6.0 $6.2 $6.4 2019 est rev’s $5.49 $5.48 $6.5 $6.9 2018 est rev’s $5.2 $5.1 $5.8 $6.0 2020 est rev gro rt 9% 13% 2019 est rev gro rt 6% 7% 13% 14% 2018 est rev gro rt 4% 3% 11% 13%
Source:current consensus estimates per Thomson Reuters IBES
Top Tech Stocks To Invest In 2019: 2U, Inc.(TWOU)
- [By Logan Wallace]
2U Inc (NASDAQ:TWOU) Director Earl Lewis sold 10,393 shares of 2U stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $95.74, for a total value of $995,025.82. Following the completion of the transaction, the director now owns 7,880 shares of the company’s stock, valued at $754,431.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
- [By Steve Symington]
2U Inc. (NASDAQ:TWOU) announced better-than-expected second-quarter 2018 results late Thursday, detailing a particularly busy quarter for new domestic graduate-program announcements. 2U also increased its full-year financial guidance.
- [By Stephan Byrd]
OppenheimerFunds Inc. trimmed its position in shares of 2U (NASDAQ:TWOU) by 1.0% in the first quarter, HoldingsChannel.com reports. The fund owned 568,148 shares of the software maker’s stock after selling 5,649 shares during the period. OppenheimerFunds Inc.’s holdings in 2U were worth $47,741,000 at the end of the most recent quarter.
Top Tech Stocks To Invest In 2019: P.T. Telekomunikasi Indonesia Tbk.(TLK)
- [By Max Byerly]
Telekomnks Indn Prsr Tbk Prshn Prsrn (NYSE:TLK) was upgraded by equities research analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, The Fly reports.
- [By Anders Bylund]
Telekomunikasi Indonesia (NYSE:TLK), the largest telecommunications company in Indonesia, reported first-quarter results on Tuesday, May 2. Top-line sales rose modestly in the first quarter thanks to higher wireless subscriber counts and a healthy broadband business, but those upsides had to overcome a substantial headwind from a mass exodus of old-school wireline subscribers.
- [By Lisa Levin]
Tuesday afternoon, the telecommunication services shares climbed 1.18 percent. Meanwhile, top gainers in the sector included Intelsat S.A. (NYSE: I), up 7 percent, and Telekomnks Indn Prsr Tbk Prshn Prsrn-ADR (NYSE: TLK), up 3 percent.
Top Tech Stocks To Invest In 2019: Semtech Corporation(SMTC)
- [By Logan Wallace]
Semtech Co. (NASDAQ:SMTC) VP Marc Pegulu sold 500 shares of the firm’s stock in a transaction on Friday, July 6th. The shares were sold at an average price of $48.85, for a total value of $24,425.00. Following the completion of the sale, the vice president now owns 15,453 shares in the company, valued at $754,879.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
- [By Shane Hupp]
Semtech Co. (NASDAQ:SMTC) – Investment analysts at Oppenheimer issued their Q3 2020 earnings estimates for shares of Semtech in a research note issued to investors on Thursday, May 31st. Oppenheimer analyst R. Schafer anticipates that the semiconductor company will post earnings per share of $0.45 for the quarter. Oppenheimer currently has a “Outperform” rating and a $50.00 price target on the stock. Oppenheimer also issued estimates for Semtech’s Q4 2020 earnings at $0.44 EPS.
- [By Benzinga News Desk]
The wealthy are hoarding $10 billion of bitcoin in bunkers: Link $
US May MBA mortgage applications -0.4% vs, -2.5% prior
USA Core PPI (MoM) for Apr 0.20% vs 0.20% Est; Prior 0.30%. USA PPI (MoM) for Apr 0.10% vs 0.20% Est; Prior 0.30%
Data on wholesale trade inventories for March will be released at 10:00 a.m. ET.
The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is schedule for release at 10:30 a.m. ET.
The Treasury is set to auction 10-year notes at 1:00 p.m. ET.
Federal Reserve Bank of Atlanta President Raphael Bostic is set to speak at 1:15 p.m. ET.
Cantor upgraded Arrowhead Pharmaceuticals (NASDAQ: ARWR) from Neutral to Overweight
RBC upgraded Semtech (NASDAQ: SMTC) from Sector Perform to Outperform
Morgan Stanley downgraded Adient (NYSE: ADNT) from Overweight to Equal-Weight
Jefferies downgraded Beacon Roofing (NASDAQ: BECN) from Buy to Hold
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
Top Tech Stocks To Invest In 2019: ServiceNow, Inc.(NOW)
- [By ]
In the Lightning Round, Cramer was bullish on Opko Health (OPK) , Zendesk (ZEN) , ServiceNow (NOW) , Box (BOX) and Constellation Brands (STZ) .
Cramer was bearish on Thor Industries (THO) and Hain Celestial Group (HAIN) .
- [By Lee Jackson]
This red-hot momentum stock has had an outstanding year. ServiceNow Inc. (NYSE: NOW) develops and sells a hosted, subscription-based suite of services designed to automate various IT department functions, such as help desk, operations management and change/release management.
- [By Motley Fool Staff]
In this segment of the Motley Fool Money podcast, host Chris Hill and senior Fool analysts Jason Moser, David Kretzmann, and Jeff Fischer respond to a listener from across the pond who is feeling enthusiastic about ServiceNow(NYSE:NOW)and wants their views on the growing company and its enterprise software peers. They weigh in on the investment thesis.
- [By ]
In addition, Corvex Management’s Keith Meister reported owning new significant stakes in Intercontinental Exchange Inc. ( (ICE) ), Microsoft Corp. (MSFT) , Monsanto Co. (MON) , Qualcomm Inc. (QCOM) , Salesforce.com Inc. (CRM) and Servicenow Inc. (NOW)