Grubhub (GRUB) to be acquired by Just Eat Takeaway.com for $75.15/share in all-stock deal

 

 

Cos have entered into a definitive agreement whereby the Company is to acquire 100% of the shares of Grubhub in an all-stock transaction to create the world's largest online food delivery company outside of China, measured by Gross Merchandise Value and revenues.

Under the terms of the Transaction, Grubhub shareholders will be entitled to receive American depositary receipts representing 0.6710 Just Eat Takeaway.com ordinary shares in exchange for each Grubhub share, representing an implied value of $75.15 for each Grubhub share (based on the undisturbed closing price of Just Eat Takeaway.com on 9 June 2020 of 98.602 ) and implying a total equity consideration (on a fully diluted basis) of $7.3 billion.

Immediately following completion of the Transaction, Grubhub shareholders are expected to own ADRs representing approximately 30.0% of the Combined Group (on a fully diluted basis).

-=Grubhub (GRUB) reported earnings on Wed 6 May 20 (a/h)

Grubhub beats by $0.03, reports revs in-line

Reports Q1 (Mar) net of breakeven, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of ($0.03); revenues rose 12.1% year/year to $363 mln vs the $359.76 mln S&P Capital IQ Consensus.

• Active Diners: 23.9 million, a 24% year-over-year increase from 19.3 million Active Diners in the first quarter of 2019.
• Daily Average Grubs (DAGs): 516,300, a 1% year-over-year decrease from 521,000 DAGs in the first quarter of 2019.
• Gross Food Sales: $1.6 billion, an 8% year-over-year increase from $1.5 billion in the first quarter of 2019.

Expects Q2 adjusted EBITDA to be $5 mln.

Earnings this week : May 4 - 8, 20 (wk 19)

Monday (May 4)

• Morning: PETS GATX KELYA PFGC NNN PETS PBI TSN WAB WEC WLK 
• Afternoon:  ACHC ALSN AIG AWR CAR CHGG DLB FN FIVN FRPT ITRI JKHY KMT KN LEG LMNX MHK MOS RMBS O RBC REXR SHAK SWKS SYKE THC TXRH TREX VNOM VNO WWD XPO

Tuesday (May 5)

• Morning: ACM AER AMCX APTV ARMK ARCC DBD D DD DEA FCAU GPI HSIC ITW INCY INGR IPGP JELD JLL TREE LGIH LPX LITE MNK MPC SBSI SYY TRI BLD TDG USCR USFD W WBT WRK
• Afternoon: ATVI ANET BYND BLKB CAMP CAKE COHU CMP DVA DK DVN EA ICFI IOSP INGN INSP NVTA JAZZ KGC KLAC LC LPSN DOOR MTCH MATX MAT MELI MEOH MGNX MODN MYGN NVRO ONTO PINS PAA PLNT PRO PRU SFM STOR VRSK VOYA DIS WU

Wednesday (May 6)

• Morning: AEIS ALXN ARES ASTE BWA BG CARS CBZ CDW FUN IMOS CNHI CGEN CVS DISCA GCP GM GEL GPC ROCK GPN KL KKR MYE NYT DNOW NS ODP OMI PZZA PSN PAG SBH STNG SMG SHOP TMHC TNC MEET VMC WD WM WEN WING WYND ZTS
• Afternoon: DDD ADTN ALB AYX AMED AEL AWK AMP ANGI ANSS APA AZPN ATO AVB BNFT BIO BEAT EPAY BFAM BRKR CCMP CVNA CTL CDAY CF CHEF XEC CPA CXW CSGS CUB CW DAR DCP DRQ ENTA EPR EQIX ESE ESPR WTRG ESS ETSY RE EVRG ES EXAS STAY EXR FSLY FRT FG FORM FTNT FCPT FOXA FOXF FNV GBT GDDY GRUB HR HI HUBS H IMMU INSG IAC INVH IRWD KRO LCI LGND LNC LVGO LYFT CLI MX MFC MRO MET MAA NTRA NBIX LASR NMIH NDLS NUS NTR NUVA OSUR PAAS PYPL PTON PING PXD PPD QTWO QGEN QDEL RDN RMAX RP RNR RCII REZI RNG RGLD SRPT SEDG SONO SJI SAVE SQ STAA SRI RUN TMUS TLND TTGT REAL TIVO TRMB TSE TROX TWLO TWO UDR UGI RARE UPWK VVV VIAV WCN WTS WELL WPM WPX WYNN ZIXI ZNGA 

Thursday (May 7)

• Morning: AAON AAN ACIW GOLF AES ABC BUD MT AAWW BLL BHC BCE BDX BV BMY CNQ CNNE CBRE CNP ECOM CRL CWEN CCOI CFX COMM CTB CORE CTVA DHR DISH SATS EPC EDIT ELAN ENB ENDP ENR EPAM EQT EXLS FIS FVRR FOCS IT THRM GTN HAIN HL HES HLT HIMX HFC HII NSIT IART NTLA IDCC IRM JBLU KAR KTB LAMR LAUR LXP MGA MBUU MMS MD MIDD MRNA MUR EYE NTCT NOMD OGE PCRX PEGI PENN PRFT DOC PBH PWR RTX RHP SERV SHLX SPAR SRCL TGNA TU TEVA TW THS VIAC VIRT VSTO VG WEX XEL YETI 
• Afternoon: ADT AL ALRM APPN AAXN BECN BILL BJRI BKNG CTSH SCOR ED CCRN DBX ENV EOG FSLR FISV GLUU GPRO LOPE GH HLF ICUI IPHI PODD ITGR LHCG LSI LYV MTW VAC MCHP MNST NWSA NUAN OMCL PDCE PEB PBA PRAA PFPT PBYI QRVO QLYS RPD RDFN RBA ROKU SKYW STMP SPWR SVMK SYNA TDC TTD TRUE TCX UBER OLED UPLD ECOL YELP ZG 

Friday (May 8) 

• Morning: AXL ATH AVA BLMN BPMP BR BIP CATM REOAD CRON UFS ESNT EVTC EVOP EXC GTT HEES HSC HMSY TWNK TILE KIM LEA NJR NBL OUT PBF PNW PPL SABR SSP SEAS SR SHO SWCH TEN VTR

*******

Earnings spotlight: Tyson Foods (NYSE:TSN), Shake Shack (NYSE:SHAK), Skyworks Solutions (NASDAQ:SWKS), Freshpet (NASDAQ:FRPT) and Chegg (NYSE:CHGG) on May 4; Marathon Petroleum (NYSE:MPC), Fiat Chrysler Automobiles (NYSE:FCAU), Sysco (NYSE:SYY), Beyond Meat (NASDAQ:BYND), US Foods (NYSE:USFD), DuPont (NYSE:DD), Activision Blizzard (NASDAQ:ATVI), Disney (NYSE:DIS), Prudential (NYSE:PRU), Allstate (NYSE:ALL) and Dominion Energy (NYSE:D) on May 5; CVS Health (NYSE:CVS), General Motors (NYSE:GM), Bunge (NYSE:BG), Barrick (NYSE:GOLD), MetLife (NYSE:MET), T-Mobile US (NASDAQ:TMUS), Etsy (NASDAQ:ETSY), Shopify (NYSE:SHOP), Peloton Interactive (NASDAQ:PTON) and PayPal (NASDAQ:PYPL) on May 6; AmerisourceBergen (NYSE:ABC), JetBlue (NASDAQ:JBLU), Booking Holdings (NASDAQ:BKNG), Raytheon Technologies (NYSE:RTX), Anheuser-Busch InBev (NYSE:BUD), Bristol-Myers Squibb (NYSE:BMY), ViacomCBS (NASDAQ:VIAC), Baidu (NASDAQ:BIDU), Uber (NYSE:UBER), News Corp (NASDAQ:NWSA) and Post Holdings (NYSE:POST) on May 7; and SeaWorld Entertainment (NYSE:SEAS), Cronos (NASDAQ:CRON) and PBF Energy (NYSE:PBF) on May 8.

This week's biggest % winners & losers : Oct 28 - Nov 1, 19 (wk 44)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: BGNE (189.56 +36.48%), CRSP (50.89 +27.7%), DCPH (45.46 +26.07%), MRTX (100.04 +23.75%), NTLA (13.6 +22.52%), TGTX (7.08 +22.49%)
• Consumer Discretionary: TIF (127 +28.87%), MUSA (113.57 +22.92%), LOCO (15 +22.85%)
• Information Technology: FIT (7.14 +65.66%), CRUS (72.43 +29.13%), UIS (10.38 +27.52%), HLIT (8.00 +25.59%), QRVO (97.22 +23.03%), UCTT (22.13 +22.4%)
• Financials: LTS (2.62 +32.32%), GDOT (29.08  +15.35%)
• Utilities: PCG (6.43 +28.6%)

This week's top % losers

• Healthcare: CYH (3.2 -28.41%), MMSI (24.15 -19.82%), HMSY (26.53 -19.78%)
• Materials: PVG (9.48 -22.61%), RFP (3.66 -21.46%)
• Industrials: QUAD (4.63 -56.73%), ENPH (18.83 -23.3%)
• Consumer Discretionary: GRUB (33.72 -42.87%), TUP (9.73 -40.31%), ETSY (45.66 -22.18%), MIK (8.69 -19.83%), WWE (55.96  -18.15%)
• Information Technology: CASA (4.3 -33.74%), ANET (185.3 -24.17%), MOBL (4.74 -23.38%),  PINS (20.12, -17.02%)
• Energy: SLCA (4.9 -36.53%), BTU (10.22 -35.15%)

=GrubHub (GRUB) reported earnings on Mon 28 Oct 19 (a/h)

GrubHub misses by $0.01, misses on revs; guides Q4 revs below consensus, guides Q4 EBITDA well below consensus 

Reports Q3 (Sep) earnings of $0.27 per share, excluding non-recurring items, $0.01 worse than the S&P Capital IQ Consensus of $0.28; revenues rose 30.3% year/year to $322.05 mln vs the $329.54 mln S&P Capital IQ Consensus and vs prior guidance of $320-340 mln.

• Co reports a 10% yr/yr decline in Q3 adjusted EBITDA to $53.8 mln vs prior guidance of $53-60 mln and vs consensus of $56.1 mln.
• Adjusted EBITDA per order came in at $1.28. Recent quarters are as follows: $0.98 in 4Q18 to $1.09 in 1Q19 to $1.23 in 2Q19 to $1.28 in 3Q19.

Co issues downside guidance for Q4, sees Q4 revs of $315-335 mln vs. $384.6 mln S&P Capital IQ Consensus. 

• Co guides to Q4 adjusted EBITDA of $15-25 mln vs CapitalIQ consensus of $79.2 mln.

Earnings this week : Oct 28 - Nov 1, 19 (wk 44)

Monday (Oct 28)

• Morning: AMG AWI T AVX CTB L PHG QSR SPOT WBA
• Afternoon: AKAM AMKR APPF ARE AVB BLKB BRO BRX BYND CGNX CR CVCO EHC GDI GOOG/L HLIT HTA HTLF INST JBT LEG MEDP NOV NXPI OFC OFIX OGS OI OMF PCH RE RIG ROIC SANM SBAC SSB SSD TBI TCF TMUS TREX TRTX TXRH VNO VRNS WCN WELL WIRE XPO  GRUB

Tuesday (Oct 29)

• Morning: AGCO AN AOS ASTE BP BTU CEQP CIGI CMI CNX CNXM COP CVLT DBD ECL EME ETN EXLS FDP FELE FMS GLT GLW GM  HCA HSC HUBB HZO I INCY IPGP IR IRDM K KKR LDOS LNN MA MLM MMC MRK NEO PAG PFE R SHOO SHOP SLCA SMPL SPGI TECH THRM VSH WAT WDR WH XRX ZBRA
• Afternoon: ACCO ACGL ADSW AFG AGR AJRD ALL AM AMD AMED AMGN APAM AR ATEN ATGE AX AXS BGFV BVN BXP CAI CAKE CB CCS CHE CHRW CXO CYH DENN DLR EA EIX ENPH EPR EQC EXAS EXR FCF FCPT FEYE FMC FNF GNW HLF HURN HY IEX INVH IPHI KAI KBR LDL LSCC MAT MDLZ MDR MDU MGRC MOH MRCY MSTR MTDR MXIM NATI NBR NWE OKE OSPN PAYC PSA PSMT PTCT QUAD REXR RNR RPAI RRD RXN RYI SAM SGEN SILK SIMO SXI SYK SYX TCO TCS TENB TX UDR UIS UMBF UNM VNOM VRSK WRI YUMC ZEN

Wednesday (Oct 30)

• Morning: AAWW ADP AIT APTV ARCC AXE BDC BG BKR CBZ CIM CLH CME CROX CRTO DAN DIN EAT ETR EXTR FLOW GE GLOP GRMN HEP HES HPP HTLD INSM IQV JHG KFRC LECO LFUS LHX LIVN MAS MCK MCO MDCO MLCO NI NMRK NVT NYCB ORBC OSK RCL SAIA SC SF SITC SITE SMP SNE SO SPG ST SUM TAP TEL TMHC TNC TUP UMC UTHR WCG WING WYND YUM
• Afternoon: AAPL ACA ACAD ADTN AEGN AGI AGNC AKS ALEX ALSN APA ARES ATRC AWK AXTI AZPN BFAM BLDP BOOT CACI CATM CERS CF CHDN CHEF CLI CLR CMPR CNMD CNXN COLM CONE CREE CRUS CRY CSGS CTSH CW DCO DDD DRE DT ECOL EGHT EGOV ELY ENSG EQIX ETSY EVTC EXEL FARO FB FLS FORM FOXF FRT H HABT HCC HCP HTGC HUBG HVT IMMU INOV INT KLAC KW LM LNC LSI LYFT MAA MANT MASI MC MDC MDR MEOH MET MGM MLNX MMSI MSI MUSA MYRG NE NGHC NLY NR NUVA OII OLED PCTY PDM PKI PPC PRAH PS PVG QDEL QGEN QLYS RBBN RDN REG RGA ROG RPT RSG RTRX RWT RYN SBUX SCI SFM SIGI SKT SKY SKYW SOI SPWR SPXC SRI STAG SU SWI TDOC TEX THG TKR TREE TRMB TS TTMI TWLO TYL UCTT VIAV VRTX WDC WHD WMB WPX WTI WTS ZNGA

Thursday (Oct 31)

• Morning: AAON ABMD ADM AGIO AKRX ALNY AMCX AME AMT APO APRN ARD ARW ATI AVP BCE BLD BLL BMY BWA CDW CFR CFX CG CHD CI CLX CNSL COR CPG CRAI CRC CTVA CVE CWT DD DLPH DNKN ECA EIGI EL EQT EXC EXP FCAU FLIR FLR FLWS FSS GIL GNRC GOLF GPN HBI HFC HGV HMHC ICE IDA IDCC IDXX IMAX INGR IP IRM IRWD IT ITGR KHC LAZ LITE LKQ LNTH LXRX MAC MGPI MIXT MMP MNTA MO MPC MPLX MPW MSCI MSG MUR NEWM NNN NTCT NTLA NVCR OSB PBF PBFX PBH PEG PENN PH PQG PWR RDS.A RFP RGEN SABR SILC SIRI SNDR SNY SPAR SPR SRCL STAR STFC STOR SYNH TEN TFX TPH TPX TRI W WAB WCC WEX WLTW WRLD WWE XHR XYL YETI YRCW ZIXI
• Afternoon: ACLS AIV AMN ANET APPN ARCB ATR AYX BGS BIO BLDR BRKR CAR CASA CPT CWST ERII FNKO FTAI FTNT GLPI GPOR HTH JCOM LOCO LYV MELI MERC MINI MOBL MRC MTX MTZ NFG NPTN OEC OLN OTEX PDFS PINS PMT QRVO RMAX SEM SHLX SM SSNC TDS TGH USM VICI VSAT WU X 

Friday (Nov 1)

• Morning: ABBV ABR AIG AMAG ASIX AXL BABA BAH BGG CBOE CCJ CL CVX D FND FTS GSHD HAE HE HMSY HRC IBP IMGN IMO ITT LNG LYB MD MGI MGLN MOG.A NWL OPI PBA PNM POR ROLL RUTH SRE STX TPB TRP USX WOW WPC XENT XOM

Notable earnings reports:

• Alphabet (NASDAQ:GOOGL), Spotify (NYSE:SPOT), Beyond Meat (NASDAQ:BYND), AT&T (NYSE:T), NXP Semiconductors (NASDAQ:NXPI) and Walgreens Boots Alliance (NASDAQ:WBA) on October 28; 
• Shopify (NYSE:SHOP), AMD (NASDAQ:AMD), Electronic Arts (NASDAQ:EA), (NXPI), General Motors (GM), Mattel (NASDAQ:MAT), Mastercard (NYSE:MA), FireEye (NASDAQ:FEYE) and ConocoPhillips (NYSE:COP) on October 29; 
• Apple (NASDAQ:AAPL), Facebook )FB), Lyft (NASDAQ:LYFT), Sony (NYSE:SNE), Yum Brands (NYSE:YUM), Starbucks (NASDAQ:SBUX), General Electric (NYSE:GE) and Twilio (NYSE:TWLO) on October 30; 
• Pinterest (NYSE:PINS), Altria (NYSE:MO), Wayfair (NYSE:W), Kraft Heinz (NASDAQ:KHC ) and MercadoLibre (NASDAQ:MELI) on November 1; Alibaba (NYSE:BABA), AbbVie (NYSE:ABBV), ExxonMobil (NYSE:XOM), Chevron (NYSE:CVX) and U.S. Steel (NYSE:X) on November 1. 

-=GrubHub (GRUB) reported earnings on Tue 30 July 2019 (b/o)

GrubHub misses by $0.03, beats on revs, reports EBITDA in-line; guides Q3 revs in-line but EBITDA guidance below consensus; guides FY19 revs in-line, lowers high end of EBITDA guidance 

Reports Q2 (Jun) earnings of $0.27 per share, excluding non-recurring items, $0.03 worse thanthe S&P Capital IQ Consensus of $0.30; revenues rose 35.6% year/year to $325.1 mln vs the $317.4 mln S&P Capital IQ Consensus.

• Adjusted EBITDA fell 19% yr/yr to $54.7 mln vs prior guidance of $49-59 mln and consensus of $54.8 mln.

Co issues in-line guidancefor Q3, sees Q3 revs of $320-340 mln vs. $331.0 mln S&P Capital IQ Consensus.

• Guides to Q3 adjusted EBITDA of $53-60 mln vs consensus of $61.7 mln.

Co issues in-line guidancefor FY19, sees FY19 revs of $1.34-1.39 bln vs. $1.36 bln S&P Capital IQ Consensus. Co lowers high end of adjusted EBITDA range to $235-250 mln from $235-265 mln.

Earnings this week : July 29 - Aug 2, 19 (wk 31)

Monday (July 29)

• Morning: CTB ONDK SNY TSEM
• Afternoon: ACGL AKS AMH AMKR APPF APTS ARE AROC BRX BYND CGNX CHGG CVCO DISH EHC ELVT FRAC HLIT HTLF ILMN INST JBT JJSF LEG MDR MEDP NBIX NBR NGHC NOV NPO NTR NXPI OFC OGS OMF PCH PI PKI QTS RE RGA RIG RMBS RNG SANM SBAC SCI SSB SSD SSNC TACO TBI TEX TREX TRTX TXRH VNO VRNS WCN 

Tuesday (July 30)

• Morning:  AER AGCO AME AOS ARCC BEN BERY CEQP CIGI CMCO CMI CNX CNXM COP CVLT DHI DORM DSX ECL EME EQM ETN EXLS FDP FMS GEO GLT GLW GPN GRUB GTX HCA HUBB HUD HUN I INCY IPGP IR IRWD IT LDOS LGND LLY LPT MA MCRN MGLN MLM MMC MMYT MO MRK MYE NEO NRZ PAG PEG PG R RL SF SHOO SIRI SLCA SNE SQNS SR ST SXC TRS TX UAA VIVO VSH WAB WAT WCG WDR WYND XRX ZBRA
• Afternoon: AAPL ACHC ADSW AKAM ALL AMD AMGN APAM ARCB ASH ATEN ATRC AX AXS BEAT BLKB BXP BYD CACC CCS CDAY CHRW CINF CNO COHR CRY CSLT DENN DLR EA EGHT ENPH EQR EXP EXR FCPT FEYE FMC FTSI GILD GNW GRPN HA HR HUBG HURN HVT HY IMAX INVH IRWD KAI KBR KL LDL LNDC LSCC MC MDLZ MDU MGRC MKSI MOH MRCY MSTR MX MXIM NANO NATI NCR NR NUVA OKE PAYC PSA QGEN QUAD REXR RPAI RRD RTEC RXN SIMO SOI STAG SYKE SYX TCS TENB TRUP TTOO TWOU TX UDR UIS UMBF UNM VNOM VRSK WES WIRE YUMC ZEN

Wednesday (July 31)

• Morning: ACCO ADP AMCX AMRN AMT APO APTV ARES ASC BDC BG BHGE BLMN BTU CBZ CDW CG CHD CIM CLH CME CRL CRTO D DAN DIN EAF ECA EPD ETR EXTR FCAU FOE FSS GE GIB GLDD GRMN HEP HES HPP HSC HUM ICL JCI JHG KFRC LFUS LHX LIVN MCO MDC MGPI MTOR NI NLSN NYCB ORBC RDWR SAIA SBH SITE SMG SO SPG SPOT SPR SSYS STNG STRA TAP TGI TKR TMHC TNC TPB UTHR WLTW WNC
• Afternoon: ACAD AEGN AGI ALSN AM AMED APA AR ATR ATUS AVB AWK AYX BAND BLDP BOOT CAKE CASA CBL CCRN CF CHDN CHEF CMPR CNMD CONE CRUS CTSH CW CXO DRE DXCM EGOV EPR EQC EQIX ES ETH EVTC EXEL EZPW FICO FIT FIVN FLS FORM FOXF GDI GHL H HABT HCC HCP HI HOLX INN INOV IRTC KAMN KGC KTOS KW LADR LMNX LNC LPI LPSN LRCX LSI MAA MANT MASI MCK MEOH MET MOD MPWR MTDR MUSA MYRG NEXA NLS NLY OI OLN OR OXY PDM PGRE PK PPC PRAH PRU PS QCOM QLYS RBBN RDN RGR ROG RPT SIGI SKT SKY SKYW SLF SPWR SRI SWIR TDOC THG TIVO TRMB TRQ TS TSLX TTEK TTMI TWLO TYL UCTT VAC VAL VICI VNDA VRTX VVV WDC WELL WHD WLL WMB WRI WTI WTS ZNGA 

Thursday (Aug 1)

• Morning: AAON AAWW ABC ABMD ACOR ADM AGIO AKRX ALE AMCR ARW ASIX AVP BCE BCPC BLD BLL BPL BPMC BR BSIG CBRE CI CIR CLVS CLX CNHI CNQ CNSL CRAI CROX CRS CWT DD DEA DLPH DNKN EEX EIGI EXC GIL GLOG GM GNRC GPOR HBI HFC HGV HII HRI ICE IDA IDCC IDXX IGT INGR INSM IRM ITGR K KEM MAC MD MIXT MMP MPC MPLX MPW MSCI MT NMRK NNN NTCT NTLA NVT OSK PBF PBFX PBH PENN PGTI PH PRFT PWR RDS.A RFP RGEN ROLL RPD SABR SFM SHOP SNDR SPAR SPGI SRCL STAR STFC STOR SUM TFX TGP THS TNK TRI TRP TWI UFS VZ W WCC WEX WING WLH WMS WRK XEL XHR XYL YETI YUM ZEUS
• Afternoon: ANET APHA BZH WIFI CC CBPX DLB EBS EOG ETSY FSLR FLR FTNT GDDY GLUU GPRO TUSK PINS QRVO RDFN SQ SVMK OLED ZIXI

Friday (Aug 2) 

• Morning: ARNC XRAY CVX XOM RACE HRC NWL MGI QSR STX  

Notable earnings reports:

• NXP Semiconductors (NASDAQ:NXPI) and Beyond Meat (NASDAQ:BYND ) on July 29;
• Apple (NASDAQ:AAPL), Merck (NYSE:MRK), Pfizer (NYSE:PFE), Procter & Gamble (NYSE:PG), Altria (NYSE:MO), Electronic Arts (NASDAQ:EA), MasterCard (NYSE:MA), Mondelez International (NASDAQ:MDLZ), AMD (NASDAQ:AMD), FireEye (NASDAQ:FEYE ), ConocoPhillips (NYSE:COP) and Under Armour (UA, UAA) on July 30;
• General Electric (NYSE:GE ), Humana (NYSE:HUM), Qualcomm (NASDAQ:QCOM), Fitbit (NYSE:FIT), Spotify (NYSE:SPOT), Western Digital (NASDAQ:WDC) and Cirrus Logic (NASDAQ:CRUS ) on July 31;
• General Motors (NYSE:GM), U.S. Steel (NYSE:X), Kraft Heinz (NASDAQ:KHC), Shopify (NYSE:SHOP), Etsy (NASDAQ:ETSY), Wayfair (NYSE:W), Yum Brands (NYSE:YUM), Square (NYSE:SQ), GoPro (NASDAQ:GPRO) and Universal Display (NASDAQ:OLED) on August 1; 
• Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM), Newell Brands (NASDAQ:NWL) and Seagate Technology (NASDAQ:STX) on August 2.

-=GrubHub (GRUB) reported earnings on Thur 7 Feb 2019 (b/o)

GrubHub misses by $0.09, reports miss on revs; guides Q1 and FY19 revs in-line but EBITDA guidance for Q1 and FY19 below consensus

• Reports Q4 (Dec) earnings of $0.19 per share, excluding non-recurring items, $0.09 worse than the S&P Capital IQ Consensus of $0.28; revenues rose 40.3% year/year to $287.72 mln vs the $290.43 mln S&P Capital IQ Consensus.
  • Q4 adjusted EBITDA was $42.1 mln vs prior guidance of $40-50 mln and consensus of $47.2 mln.
• Co issues in-line guidance for Q1, sees Q1 revs of $310-330 mln vs. $318.88 mln S&P Capital IQ Consensus. Guides to adjusted EBITDA of $40-50 mln vs consensus of $67.8 mln.
• Co issues in-line guidance for FY19, sees FY19 revs of $1.315-1.415 bln vs. $1.34 bln S&P Capital IQ Consensus. Guides to adjusted EBITDA of $235-265 mln vs consensus of $305 mln.

-=GrubHub (GRUB) reported earnings on Thur 25 Oct 2018 (b/o)

GrubHub beats by $0.04, beats on revs; guides Q4 revs above consensus, but guides Q4 EBITDA below consensus as co invests in marketing and delivery expansion; COO resigns, co will eliminate position 

• Reports Q3 (Sep) earnings of $0.45 per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of $0.41; revenues rose 51.6% year/year to $247.23 mln vs the $238.7 mln S&P Capital IQ Consensus and vs prior guidance of $232-240 mln. 
  • Adjusted EBITDA rose 41% YoY to $60.1 mln, in-line with prior guidance of $58-64 mln but below consensus of $62.7 mln.
• Co issues upside guidance for Q4, sees Q4 revs of $283-293 mln vs. $270.6 mln S&P Capital IQ Consensus.
  • Co guides to Q4 adjusted EBITDA of $40-50 mln vs consensus of $72.5 mln. 
  • Weak guidance may be due to co saying it will invest an incremental $20-30 mln in marketing and delivery expansion in Q4.
• Also, in an 8-K filing, co says its COO Stan Chia has tendered his resignation, effective on Nov 16, to pursue another opportunity. The resignation was not a result of any disagreement with the company or any matter relating to its operations, policies or procedures. The company is eliminating the position of COO.

-=GrubHub (GRUB) reported earnings on Wed 25 July 2018 (b/o)

GrubHub beats by $0.09, beats on revs; guides Q3 revs above consensus; raises FY18 guidance above consensus; acquires LevelUp for $390 mln 

• Reports Q2 (Jun) earnings of $0.50 per share, excluding non-recurring items, $0.09 better thanthe Capital IQ Consensus of $0.41; revenues rose 50.9% year/year to $239.7 mln vs the $233.05 mln Capital IQ Consensus. 
• EBITDA +61% to $67.4 mln vs. $59-65 mln guidance.
• Daily Average Grubs (DAGs) were 423,200, a 35% year-over-year increase.
• Co issues upside guidance for Q3, sees Q3 revs of $232-240 mln vs. $230.61 mln Capital IQ Consensus Estimate; EBITDA $58-64 mln.
• Co issues upside guidance for FY18, sees FY18 revs of $966-983 mln vs. $960.45 mln Capital IQ Consensus; EBITDA to $256-270 mln from $242-262 mln 
• Grubhub also the acquisition of Boston-based LevelUp for $390 mln in cash, the leader in mobile diner engagement and payment solutions for national and regional restaurant brands. With the addition of LevelUp, Grubhub will offer national and independent restaurants the industry's most comprehensive solution to drive online delivery and pickup orders, from demand generation through fulfillment.

GrubHub (GRUB) reported earnings on Thur 8 Feb 2018 (b/o)

• Feb. 7 (Wed):  #44; vol. 2.6M  -->  +32%

** charts before earnings **

 

** charts after earnings ** 

 

GrubHub beats by $0.06, beats on revs; guides Q1 and FY18 in-line 

• Reports Q4 (Dec) earnings of $0.37 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $0.31; revenues rose 49.2% year/year to $205.1 mln vs the $201.55 mln Capital IQ Consensus. EBITDA +45% to $57 mln vs. $51-56 mln guidance.
• Active Diners were 14.5 million, a 77% year-over-year increase from 8.2 million Active Diners in the fourth quarter of 2016. Daily Average Grubs (DAGs) were 392,500, a 34% year-over-year increase from 292,500 DAGs in the fourth quarter of 2016. Gross Food Sales were $1.1 billion, a 39% year-over-year increase from $818 million in the fourth quarter of 2016. 
• Co issues in-line guidancefor Q1, sees Q1 revs of $224-232 mln vs. $227.14 mln Capital IQ Consensus; EBITDA $54-60 mln.
• Co issues in-line guidancefor FY18, sees FY18 revs of $910-960 mln vs. $938.33 mln Capital IQ Consensus; EBITDA $225-255 mln.
• "The partnership with Yum! which we announced this morning will accelerate the expansion of our delivery network and amplify our diner acquisition efforts, raising consumer awareness of online ordering and driving more volume for all restaurants across our platform."

GrubHub (GRUB) reported earnings on Thur 27 April 2017 (b/o)

** charts after earnings **

 

GrubHub beats by $0.05, beats on revs; guides Q2 revs in-line; raises FY17 a bit :

• Reports Q1 (Mar) earnings of $0.29 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of $0.24; revenues rose 39.1% year/year to $156.1 mln vs the $152.97 mln Capital IQ Consensus; EBITDA $42.7 mln vs. $37-42 mln guidance
  • Active Diners were 8.75 million, a 26% year-over-year increase from 6.97 million Active Diners in the first quarter of 2016.
  • Daily Average Grubs (DAGs) were 324,600, a 21% year-over-year increase from 267,800 Daily Average Grubs in the first quarter of 2016. Gross Food Sales were $898 million, a 26% year-over-year increase from $713 million in the first quarter of 2016.
• Co issues in-line guidance for Q2, sees Q2 revs of $153-161 mln vs. $157.88 mln Capital IQ Consensus Estimate; EBITDA $38-44 mln
• Co issues in-line guidance for FY17, sees FY17 revs of $632-662 mln vs. $644.17 mln Capital IQ Consensus Estimate; EBITDA $170-190 mln from $165-190 mln.

GrubHub (GRUB) reported earnings on Wed 26 Oct 2016 (b/o)

** charts after earnings **

 

GrubHub beats by $0.04, beats on revs; guides Q4 revs in-line :

• Reports Q3 (Sep) adj. earnings of $0.23 per share, $0.04 better than the Capital IQ Consensus of $0.19; revenues rose 44.1% year/year to $123.5 mln vs the $118.57 mln Capital IQ Consensus. Adj. EBITDA +65% to $35.5 mln VS. $30-32 mln guidance.
  • Active Diners were 7.69 million, a 19% year-over-year increase from 6.43 million Active Diners in the third quarter of 2015. Daily Average Grubs were 267,500, a 26% year-over-year increase vs. +21% in Q2. Gross Food Sales were $735 million, a 33% year-over-year increase from $554 million in the third quarter of 2015.
• Co issues in-line guidance for Q4, sees Q4 revs of $136-138 mln vs. $136.16 mln Capital IQ Consensus; EBITDA $38-40 mln.
• "We are pleased with Grubhub's third quarter growth, as we continue building the most comprehensive marketplace for restaurants and takeout diners. Our product improvements and investment in delivery continue to generate high levels of sustainable growth," said Matt Maloney, Grubhub CEO. "Grubhub is now delivering for restaurant partners in over 60 markets nationwide, and our growth rate is generally highest in markets where a substantial percentage of orders are being delivered by our drivers."

This week's biggest % winners & losers : Oct 26 - 30, 15 (wk 44)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: RVNC (39.17 +48.43%), HRTX (27.42 +26.77%), NVDQ (13.05 +24.76%),CEMP (22.2 +23.33%)
• Industrials: ARII (57.72 +22.73%)
• Consumer Discretionary: LOCK (14.01 +45.18%), RGS (16.52 +27.57%), CTRP (92.97 +25.06%), PBY (15.04 +23.79%), QUNR (48.54 +22.82%)
• Information Technology: CRAY (29.63 +33.83%), TRMB (22.75 +22.84%), BDC (64.03 +21.96%)
• Financials: BMA (61.73 +35.14%), GGAL (26.75 +25.59%), BFR (23.25 +24.33%), TREE(121.36 +23.84%)
• Consumer Staples: RAD (7.88 +27.51%)
• Telecommunication Services: TEO (19.51 +31.03%)
• Utilities: PNY (57.31 +35.74%)

This week's top 20 % losers

• Healthcare: ELGX (8.54 -38.16%)
• Materials: IPI (3.86 -32.52%)
• Industrials: RRTS (10.64 -40.22%), SAIA (23.61 -28.3%), DGI (14.93 -26.92%), ICA (1.54 -24.51%), SCTY (29.65 -24.44%), FCN (34.01 -23.52%), SBLK (1.58 -23.3%)
• Consumer Discretionary: AAN (24.67 -33.13%), RCII (18.39 -28.14%), LRN (9.71 -24.96%),EROS (11.17 -23.75%)
• Information Technology: AFOP (13.61 -24.35%), GRUB (23.98 -22.74%)
• Energy: BTU (12.79 -45.13%), CNX (6.66 -29.89%), FELP (5.91 -23.05%), ECR (2.15 -22.66%)
• Telecommunication Services: STRP (31 -37.65%)

GrubHub (GRUB) reports earnings tomorrow (Feb 5) before open

AFTER earnings