On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney and Zacks’ resident momentum guru, Dave Bartosiak, recap Monday afternoon’s top earnings reports from the likes of Turtle Beach HEAR, Etsy ETSY, and Twilio TWLO. Later, the pair field audience questions on momentum trends, upcoming reports, and more.
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Three trendy stocks posted their latest quarterly financial results on Monday afternoon, and Ryan and Dave were determined to make sure that viewers were filled in on all the key storylines.
Turtle Beach posted revenue growth of 218%, with earnings of $0.42 per share crushing estimates which seemed incapable of keeping up with the gaming headset maker’s recent boom—a trend inspired by the shocking popularity of games like Fortnite and Player Unknown’s Battlegrounds.
Another major reporter was internet growth play Etsy. This social-media-marketplace hybrid missed bottom-line estimates by a penny, but investors were much more interested in its revenue growth and improved guidance. But what’s causing the company’s own improved outlook? Ryan and Dave explain.
Finally, the pair touch on Twilio, a cloud communications platform which allows developers to make programmatic phone calls and texts. Twilio provides a useful, innovative service, and that product is becoming a booming business for the company. Adjusted earnings came in at a surprise profit, and the stock is soaring on Tuesday.
Ryan and Dave discuss all of these earnings reports, digging into the full results, share price reactions, and more. Later, they field questions from audience, including one asking to preview Disney’s DIS earnings report. Make sure to check out the show to hear more!
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Source : https://finance.yahoo.com/news/trending-stocks-earnings-recap-turtle-175205774.htmlThanks you for read my article Trending Stocks Earnings Recap: Turtle Beach, Etsy, & Twilio | Free Lunch