AUY, SHOP, CROX, PLTR, DASH: Earnings Preview

By Kirsteen Mackay

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Earnings season is hotting up. Here are some companies to keep on your radar this week as they report their latest quarterly earnings.

The earnings calendar is packed once more, so we've picked Yamana Gold Inc (NYSE: AUY), Shopify Inc (NYSE: SHOP), Crocs, Inc. (NASDAQ: CROX), Palantir Technologies Inc (NYSE: PLTR), and DoorDash Inc (NYSE: DASH) as reports to watch out for this week.

Yamana Gold (NYSE: AUY)

Yamana Gold is a gold, silver and copper producer. Volatility in AUY stock is expected this week as investors gear up for earnings on Thursday.

AUY stock has already been climbing and is up 8.9% in the past five days, although it remains down 5% over the past 12 months.

Preliminary Q4 highlights include:

  • Gold Production: 240,718

  • Silver Production: 3.14m ounces of silver

The company anticipates Q4 had the strongest production and lowest cost quarter of the year. Cash flows are projected to be strong, with cash and cash equivalents increasing by more than $65m.

Notable results from the year include positive drill results, new veins intercepted and further discoveries. Exploration also began at Wasamac, with significant results previously reported during the year that will be the basis for a 2022 resource expansion program.

Last week National Bank Financial, Cormark Securities and Berenberg raised their price targets on AUY stock. Meanwhile, Canaccord Genuity and BMO Capital Markets reduced theirs. Overall, FactSet analysts remain bullish on AUY stock with an Overweight rating.

Shopify Inc (NYSE: SHOP)

Shopify stock is dropping and is now down over 37% year-to-date. The company reports earnings on Wednesday. 

With such bearish sentiment surrounding the stock, some analysts expect SHOP stock to surprise to the upside. Indeed, FactSet analysts remain positive with an Overweight rating on the stock.

The e-commerce infrastructure provider has made a roaring trade in recent years. And Shopify stock hit an all-time share price high in November, of $1,762. It's since lost more than half that value. 

In guidance, the company said it expects Q4 to contribute the largest share of full-year revenue. And that the revenue spread will be more evenly distributed across the four quarters than it has been historically. But supply chain delays and increased costs for materials, labor, shipping and advertising could prevail, and it intends to ramp investment in engineers and other talent. 

Nevertheless, Shopify management expects its gross merchandise value (GMV) to continue to grow substantially faster than the commerce market. All this makes for an exciting earnings report, as investors decide whether to buy the dip on Shopify stock.

Crocs, Inc. (NASDAQ: CROX)

Casual footwear designer CROX stock is down 25.6% year-to-date. And sentiment is bearish coming into earnings, which are due on February 16.

Last week Erinn Murphy at Piper Sandler Companies raised her price target on CROX stock, while Susan Anderson at B Riley Securities cut her Crocs stock target. Overall, FactSet analysts remain bullish with an Overweight rating on the stock.

CROX stock 2021 Outlook

  • Q4 revenue growth of approximately 42%

  • Full-year revenue growth of approximately 67%

  • Q4 non-GAAP operating margin of roughly 28%

  • Full-year 2021 non-GAAP operating margin of nearly 30%

  • Share repurchases of $1bn were completed during the year

The company expects its recent $2.5bn Hey Dude acquisition to rapidly impact revenue growth, making this a potentially exciting CROX stock catalyst. 

Andrew Rees, the Crocs CEO, said:

"We remain incredibly confident in the Crocs brand and continue to expect to achieve $5bn in revenues by 2026, even before any HEYDUDE revenues. Building upon that strong foundation, upon closing, we are excited to add HEYDUDE as another high growth, highly profitable brand."

Palantir Technologies Inc (NYSE: PLTR)

Palantir stock is also falling and is down 29% year-to-date. The mysterious data company owned by Peter Thiel has become a popular trade among retail investors eyeing big data as a growth story.

Unfortunately, Palantir stock has lost more than half its value in the past year but does this mean Palantir Technologies is now in bargain hunting territory? Many tech investors think it could be.

FactSet analyst consensus is mixed with an Underweight rating on Palantir stock. The company is due to report earnings on February 17, with a year-over-year decline in earnings expected. With such mixed views, this will be a keenly anticipated and closely watched report.

DoorDash Inc (NYSE: DASH)

DoorDash Stock is another enduring bearish sentiment and a year-to-date decline of 35%. The company is due to report earnings after the market closes on Wednesday.

DoorDash stock was a speculative pandemic play last year as a food delivery platform. It went public via IPO in December 2020 and climbed with volatility through the best part of 2021. But since November, the DASH share price has plummeted. DoorDash is not profitable, and with inflation rampant, costs are expected to rise, while demand is likely to fall.

Nevertheless, DoorDash is partnering with financial services technology company Parafin to launch DoorDash Capital, by which the delivery company can provide financing to restaurants with a "proven track record" on the platform.

Last week Mark Mahaney at Evercore ISI reiterated his price target on DASH stock, while Brad Erickson at RBC Capital Markets cut his DoorDash stock target. Overall, FactSet analysts remain bullish with an Overweight rating on DoorDash stock.

If you enjoyed reading this overview of this week's upcoming earnings reports, why not read our in-depth reports on ESG investing and Healthcare investing. Or check out our 12 investing themes for 2022.

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Topics:
Gold
Data
Ecommerce
Apparel Retail
Restaurants
Industries:
Information Technology
Consumer Discretionary
Materials
Companies:
Yamana Gold
Shopify
Crocs
Palantir Technologies
DoorDash

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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