ABNB, CVS, ETSY, WISH, DKNG: Earnings Preview

By Kirsteen Mackay


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Company earnings scheduled to report this week include Airbnb (ABNB), CVS Health (CVS), Etsy (ETSY), ContextLogic (WISH), and DraftKings (DKNG).

ABNB, CVS, ETSY, WISH, DKNG Earnings Preview

There are lots of well-known names scheduled to release earnings this week. Here are five you'll want on your radar...

Airbnb Inc (NASDAQ: ABNB)

Airbnb Inc (NASDAQ: ABNB) is due to report its Q1 earnings after market close today. The company enjoyed its best quarter ever in Q4 giving shareholders hope for the future.

In its Q4 earnings call, the company stated it anticipates a 4% increase in average daily rates (ADR) in Q1 2022 over Q1 2021. The company’s revenue guidance projects to come in between $1.41bn and $1.48bn.

Broker outlook is mixed with recent analyst coverage revised down or reiterated. However, analyst consensus remains bullish on ABNB stock with an overweight rating and consensus target price of $199.97. 

Airbnb improved its margins from -5% in 2019 to 27% in 2021. The company expects to deliver its first positive adjusted EBITDA in Q1 and investors are hopeful for an earnings beat.

The company has been streamlining costs but remains a growth stock, continuously investing in marketing the business, customer service, data servers, and fixed costs such as salaries and property leases.

CVS Health Corp (NYSE: CVS)

CVS Health Corp (NYSE: CVS) will report its next quarterly earnings on Wednesday, 4 May. The nationwide pharmacy and health insurer consistently outperformed last year providing an encouraging start to 2022.

Last quarter CVS maintained its full-year adjusted EPS guidance range of $8.10 to $8.30 for 2022. This implies retail revenue to be plus or minus 1% Y/Y.

CVS has been paying off its debt, and management expects to hit its debt leverage target this year when it can reinstate share buybacks and raise the CVS dividend. 

Analyst consensus remains bullish on CVS stock with an overweight rating and consensus target price of $117.06.


Etsy Inc (NASDAQ: ETSY) will report its Q1 earnings on Wednesday. According to FactSet estimates, analysts project an EPS consensus of $0.56 and a sales consensus of $576.35m, with sales guidance between $565m and $590m. 

With the company increasing its investment in marketing investors hope for continued growth. Meanwhile, the pandemic trend in home improvement and striving for creative fulfillment may prevail, further boosting Etsy’s popularity.

Analyst estimates project share price upside with a target price of $190.24 and an overweight rating. Despite this bullish outlook, traders don’t see much appeal in ETSY stock at the moment.

With bearish sentiment towards tech stocks prevailing, its P/E of 28 may be slightly high for today’s inflationary environment.

ContextLogic Inc (NASDAQ: WISH)

Bargain shopping site Wish is the online e-commerce platform run by ContextLogic Inc (NASDAQ: WISH). On 2 May 2022, WISH stock closed at $1.77, down -87.7% off its 52-week-high vs. the subsector average change of -30.5%.

Q4 revenues thoroughly disappointed, down 64% Y/Y due to lower ad spend, leading the share price to tank.

WISH earnings are due May 5 with an EPS consensus of -$0.12 and sales consensus of $212.1Its dismal performance has spooked investors over the past year and inflationary headwinds add further pressure to the stock.

DraftKings Inc (NASDAQ: DKNG)

Digital sports entertainment and gaming company DraftKings Inc (NASDAQ: DKNG) is up as it approaches Q1 earnings day on May 6. Sales guidance is between $400m and $420m, with FactSet analyst estimates coming in at -$1.09 for EPS and $413.73m for sales. 

Cathie Wood’s ARK Invest has been topping up its holding, adding DKNG stock to its ARKF fund.

In Q4 2021, DraftKing’s revenue increased 47% Y/Y to $473m. DraftKings has an NFT marketplace that has been attracting athlete branded offerings. DKNG’s new collaboration with Metabilia, memorabilia and NFT company, is giving fans a chance to buy into collectible NFT programs.

Recent analyst ratings have seen their DKNG share price targets reduced but the consensus rating is overweight and the target price is $32.75.


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Author: Kirsteen Mackay

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Kirsteen Mackay does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.

Kirsteen Mackay has not been paid to produce this piece by the company or companies mentioned above.

Digitonic Ltd, the owner of ValueTheMarkets.com, does not hold a position or positions in the stock(s) and/or financial instrument(s) mentioned in the above article.

Digitonic Ltd, the owner of ValueTheMarkets.com, has not been paid for the production of this piece by the company or companies mentioned above.

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