Peabody Energy (BTU) reported earnings on Thur 10 Feb 22 (b/o)

  

 

Peabody reported earnings of $3.90 a share for the fourth quarter, beating the $1.34 average estimate by analysts, as revenue surged 72% from a year ago to $1.26 billion, the St. Louis-based company said Thursday in a statement.

A global energy crisis has driven up demand for fossil fuels, pushing U.S. coal prices to record highs. Prices for exports in Peabody’s seaborne thermal operations more than doubled from a year earlier to $96.16 a ton. That was offset by its Powder River Basin unit, the company’s biggest, where prices slipped 3.7% to $10.99.

The company has locked in contracts for almost all of its expected 2022 production, and 55% of its Powder River Basin output for 2023, according to Chief Executive Officer Jim Grech.

“The near-term outlook for all our operating segments continues to be favorable, with strong market indicators and increased global demand providing a persuasive story for coal,” Grech said during a conference call.

-=Corning (GLW) reported earnings on Wed 26 Jan 22 (b/o)

 

Corning beats by $0.02, beats on revs; guides Q1 EPS above consensus, revs above consensus; guides FY22 revs above consensus

• Reports Q4 (Dec) earnings of $0.54 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.52; revenues rose 11.6% year/year to $3.71 bln vs the $3.59 bln S&P Capital IQ Consensus.
  • Fourth-quarter core gross margin was 36.5%, down 180 basis points sequentially.
  • Co added, "Freight, logistics, and raw material costs along with lower automotive sales due to chip shortages impacted our margins. Over the last several months, we negotiated with our customers to increase prices in our contracts to share increased costs more appropriately. The revised pricing terms take effect throughout 2022, and we expect gross margin to expand accordingly."
• Co issues upside guidance for Q1, sees EPS of $0.48-0.53, excluding non-recurring items, vs. $0.48 S&P Capital IQ Consensus; sees Q1 revs of $3.5-3.7 bln vs. $3.44 bln S&P Capital IQ Consensus.
• Co issues upside guidance for FY22, sees FY22 revs of $15.0 bln vs. $14.66 bln S&P Capital IQ Consensus.

Macy's (M) reported earnings on Thur 18 Nov 21 (b/o)

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Macy's beats by $0.90, beats on revs; Q3 comps +37.2% vs 2020 and +8.9% vs 2019; sees Q4 comps vs 2019 +2-4%; raises FY21 guidance; Macy's brand added 4.4 mln new customers

• Reports Q3 (Oct) earnings of $1.23 per share, excluding non-recurring items, $0.90 better than the S&P Capital IQ Consensus of $0.33; revenues rose 36.3% year/year to $5.44 bln vs the $5.23 bln S&P Capital IQ Consensus.
• Comparable sales up 37.2% on an owned basis and up 35.6% on an owned-plus-licensed basis versus 2020; up 8.9% and up 8.7%, respectively, versus 2019.
• Digital sales increased 19% versus third quarter 2020 and grew 49% versus third quarter 2019. Gross margin for the quarter was 41.0%, up from 35.6% in third quarter 2020 and up 100 basis points from third quarter 2019.
• Co announced plans to launch curated digital marketplace platform.
• "Our company delivered another strong quarter and exceeded our expectations on both top and bottom lines. The results were driven by the effective execution of the Polaris strategy and an improved economic environment. In the quarter, the Macy's brand added 4.4 million new customers. Consumers continue to spend, and we successfully offered a wide range of expanding merchandise assortment to meet their growing demand," said Jeff Gennette, chairman and chief executive officer of Macy's, Inc. "Looking ahead to the fourth quarter, we remain a special place for holiday shopping, and our robust omnichannel ecosystem is showing resilience in the face of labor and supply chain challenges and enables us to meet customer shopping needs with speed and convenience."
• Co issues raised guidance for FY22, sees EPS of $4.57-4.76 from $3.41-3.75, excluding non-recurring items, vs. $3.91 S&P Capital IQ Consensus; sees FY22 revs of $24.12-24.28 bln from $23.55-23.95 bln vs. $23.88 bln S&P Capital IQ Consensus. In the fourth quarter 2021, comparable sales on an owned-plus-licensed basis versus 2019 are expected to increase between 2% and 4%. This includes an approximately 125-basis point adverse impact due to the shift of the Friends and Family promotional event from the fourth quarter into the third quarter as compared to 2019.

=Sundial Growers (SNDL) reported earnings on Thur 11 Nov 21 (a/h)

 

• Sundial Announces Share Repurchase Program
• Sundial Reports Third Quarter 2021 Financial and Operational Results

Net earnings of $11.3 million for the third quarter of 2021 compared to $71.4 million loss in the third quarter of the prior year.

Adjusted EBITDA of $10.5 million for the third quarter of 2021, compared to an adjusted EBITDA loss of $4.4 million in the third quarter of 2020.

Net revenue from Cannabis segments of $14.4 million for the third quarter of 2021, an increase of 57% over the second quarter of 2021 and an increase of 12% over the third quarter of 2020.

Gross margin from Cannabis segments was $1.8 million, including a loss of $1.9 million from cannabis cultivation and production compared to a loss of $19.5 million from that segment in the third quarter of 2020.

Investment and fee revenue of $3.3 million, realized gains on marketable securities of $6.0 million and Sundial's share of profit from equity accounted investees of $9.9 million for the third quarter of 2021 compared to Nil in the third quarter of the prior year, which preceded the start of these activities.

$1.1 billion of cash, marketable securities and long-term investments at September 30, 2021, and $1.2 billion at November 9, 2021, with $571 million of unrestricted cash and no outstanding debt.

Acquired Inner Spirit on July 20, 2021 and entered into an agreement to acquire Alcanna Inc., Canada's largest private liquor retailer, operating 171 locations, on October 7, 2021, subsequent to the end of the third quarter.

ON Semiconductor (ON) reported earnings on Mon 1 Nov 21 (b/o)

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ON Semiconductor beats by $0.13, beats on revs 

• Reports Q3 (Sep) earnings of $0.87 per share, excluding non-recurring items, $0.13 better than the S&P Capital IQ Consensus of $0.74; revenues rose 32.2% year/year to $1.74 bln vs the $1.71 bln S&P Capital IQ Consensus. 
• Non-GAAP gross margin of 41.5 percent increased 310 basis points quarter-over-quarter and 800 basis points year-over-year.

ON Semiconductor also sees Q4 EPS and revs above consensus

Co issues upside guidance for Q4 (Dec), sees EPS of $0.89-1.01 vs. $0.75 S&P Capital IQ Consensus; sees Q4 (Dec) revs of $1.74-1.84 bln vs. $1.72 bln S&P Capital IQ Consensus.

U.S. Steel (X) reported earnings on Thur 28 Oct 21 (a/h)

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U.S. Steel announces $300 mln stock repurchase program; increases quarterly dividend to $0.05/share from $0.01/share

X U.S. Steel beats by $0.43, beats on revs

Reports Q3 (Sep) earnings of $5.36 per share, excluding non-recurring items, $0.43 better than the S&P Capital IQ Consensus of $4.93; revenues rose 154.9% year/year to $5.96 bln vs the $5.75 bln S&P Capital IQ Consensus.

-=Enphase Energy (ENPH) reported earnings on Tue 26 Oct 21 (a/h)

 

 Enphase Energy beats by $0.11, beats on revs; guides Q4 revs above consensus

• Reports Q3 (Sep) earnings of $0.60 per share, excluding non-recurring items, $0.11 better than the S&P Capital IQ Consensus of $0.49; revenues rose 96.9% year/year to $351.52 mln vs the $343.77 mln S&P Capital IQ Consensus.
• Co issues upside guidance for Q4, sees Q4 revs of $390-$410 mln vs. $374.55 mln S&P Capital IQ Consensus.
  • GAAP gross margin to be within a range of 37.0% to 40.0%; non-GAAP gross margin to be within a range of 38.0% to 41.0%, excluding stock-based compensation expenses
  • GAAP operating expenses to be within a range of $119.0 million to $122.0 million, including $52.0 million estimated for stock-based compensation expenses and acquisition related costs and amortization
  • Non-GAAP operating expenses to be within a range of $67.0 million to $70.0 million, excluding $52.0 million estimated for stock-based compensation expenses and acquisition related costs and amortization. The non-GAAP estimates include increased investments in new products, software, and marketing, and a $3.6 million accrual for post combination expenses from prior acquisitions

Crocs (CROX) reported earnings on Thur 21 Oct 21 (b/o)

 

Crocs beats by $0.61, beats on revs; raises FY21 rev outlook; guides FY22 revs above consensus

• Reports Q3 (Sep) earnings of $2.47 per share, excluding non-recurring items, $0.61 better than the S&P Capital IQ Consensus of $1.86; revenues rose 73.0% year/year to $625.92 mln vs the $609.75 mln S&P Capital IQ Consensus.
• Co raises guidance for FY21, now sees FY21 revenue growth of 62-65% vs prior guidance of 60-65%; we compute new guidance as $2.25-2.29 bln vs. $2.27 bln S&P Capital IQ Consensus.
• Co issues upside guidance for FY22, sees FY22 revs exceeding 20%, which is above the $2.60 bln S&P Capital IQ Consensus.

United Natural Foods (UNFI) reported earnings on Tue 28 Sept 21 (b/o)

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The premier natural and organic food wholesaler reported fiscal fourth-quarter results that gave shareholders continued confidence in its ability to remain profitable.

United Natural's numbers looked mixed at first glance. Sales for the fourth quarter fell 0.5%, closing a year in which the company's top line grew at a pace of just 1.5%. However, adjusted earnings of $1.18 per share for the quarter were up 11% year over year. Moreover, United Natural closed the year with adjusted earnings of $3.88 per share, up 43% from fiscal 2020's bottom-line numbers.

Yet even with relatively modest expectations for future growth, United Natural shareholders seemed quite pleased with the company's outlook. United Natural sees sales in fiscal 2022 of between $27.8 billion and $28.3 billion, which would represent growth of only about 4% from fiscal 2021 levels. Similarly, adjusted earnings of $3.90 to $4.20 per share would be only about 4% higher than corresponding earnings from the just-ended fiscal year.

-=Affirm (AFRM) reported earnings on Thur 9 Sept 21 (a/h)

 

Affirm reports Q4 (Jun) results, beats on revs; guides Q1 revs above consensus; guides FY22 revs in-line

• Reports Q4 (Jun) loss of $0.48 per share, may not be comparable to the S&P Capital IQ Consensus of ($0.24); revenues rose 70.8% year/year to $261.8 mln vs the $224.39 mln S&P Capital IQ Consensus.
• Gross merchandise volume for the fourth quarter of fiscal 2021 was $2.5 billion, an increase of 106%, or 178% excluding Peloton; GMV for fiscal year 2021 was $8.3 billion, an increase of 79%, or 91% excluding Peloton.
• Active merchants grew by 412% to nearly 29,000 for the fourth quarter of fiscal 2021, including several thousand newly integrated Shopify merchants.
• Transactions per active consumer increased 8% to approximately 2.3 as of June 30, 2021.
• Co issues upside guidance for Q1, sees Q1 revs of $240-$250 mln vs. $231.88 mln S&P Capital IQ Consensus. Sees GMV of $2.42-$2.52 bln. 
• Co issues in-line guidance for FY22, sees FY22 revs of $1.160-$1.190 bln vs. $1.16 bln S&P Capital IQ Consensus. Sees GMV of $12.45-$12.75 bln.

-=Torrid (CURV) reported earnings on Wed 8 Sept 21 (a/h)

 

Torrid beats by $0.23, guides Q3 and FY21 revs above consensus

• Reports Q2 (Jul) earnings of $0.36 per share, excluding non-recurring items, $0.23 better than the S&P Capital IQ Consensus of $0.13; revenues rose 34% year/year to $332.9 mln vs the $290.0 mln S&P Capital IQ Consensus.
• Same store comps for Q2 were +30%.
• Co guides to Q3 (Oct) sales of $305-315 mln vs $291.3 mln consensus.
• Co guides to FY21 sales of $1.29-1.31 bln vs $1.26 bln consensus.

MongoDB (MDB) reported earnings on Wed 1 Sept 21 (a/h)

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MongoDB beats by $0.16, beats on revs; guides Q3 EPS below consensus, revs above consensus; guides FY22 EPS, revs above consensus

• Reports Q2 (Jul) loss of $0.24 per share, excluding non-recurring items, $0.16 better than the S&P Capital IQ Consensus of ($0.40); revenues rose 43.7% year/year to $198.75 mln vs the $184.19 mln S&P Capital IQ Consensus.
• Co issues mixed guidance for Q3, sees EPS of ($0.42)-($0.39), excluding non-recurring items, vs. ($0.38) S&P Capital IQ Consensus; sees Q3 revs of $202-204 mln vs. $198.26 mln S&P Capital IQ Consensus.
• Co issues upside guidance for FY22, sees EPS of ($1.20)-($1.13), excluding non-recurring items, vs. ($1.29) S&P Capital IQ Consensus; sees FY22 revs of $805-811 mln vs. $786.35 mln S&P Capital IQ Consensus.

-=Ambarella (AMBA) reported earnings on Tue 31 Aug 2021 (a/h)

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Ambarella beats by $0.10, beats on revs; guides Q3 revs above consensus

• Reports Q2 (Jul) earnings of $0.35 per share, $0.10 better than the S&P Capital IQ Consensus of $0.25; revenues rose 58.3% year/year to $79.3 mln vs the $75.91 mln S&P Capital IQ Consensus.
• Co issues upside guidance for Q3, sees Q3 revs of $88.0-$92.0 mln vs. $78.54 mln S&P Capital IQ Consensus. Gross margin on a non-GAAP basis is expected to be between 61.0% and 63.0%.
• "Our rapidly expanding AIoT foundation has positioned us to achieve record revenue in F2022, driven by new product cycles in existing markets and the expansion into new markets. The quality of our business is at its highest levels, with IoT cameras, primarily security, and automotive, representing ~90% of total Q2 revenue. We are capitalizing on this as demonstrated by the 450 basis point sequential increase in non-GAAP operating margin, reaching 16.9% in Q2..."

-=Titan Machinery (TITN) reported earnings on Thur 27 May 21 (b/o)

 

Titan Machinery beats by $0.30, beats on revs; guides FY22 EPS above consensus 

Reports Q1 (Apr) earnings of $0.46 per share, $0.30 better than the S&P Capital IQ Consensus of $0.16; revenues rose 20.1% year/year to $372.7 mln vs the $337.65 mln S&P Capital IQ Consensus.

Co issues upside guidance for FY22, sees EPS of $1.65-1.85 vs. $1.42 S&P Capital IQ Consensus, and above prior guidance of $1.25-1.45.

Agrify (AGFY) reported earnings on Tue 18 May 21 (b/o)

Company raises full year 2021 top revenue guidance to $48-50 Million

Revenue increased 60% sequentially from Q4 2020 to Q1 2021

Total sales backlog grew 38% to $82 million

BURLINGTON, Mass., May 18, 2021 (GLOBE NEWSWIRE) -- Agrify Corporation (NasdaqCM:AGFY) (“Agrify” or the “Company”), a developer of highly advanced and proprietary precision hardware and software cultivation solutions for the indoor agriculture marketplace, today announces financial results for its first quarter ended March 31, 2021.

Q1 2021 Highlights

Total revenue increased 600% to $7 million for Q1 2021 compared to $1 million for Q1 2020 and increased 60% sequentially from $4.4 million in Q4 2020

• Sales backlog increased to $82 million from $59 million at the end of Q4 2020

Launched the Agrify Total Turn-Key Solution (“Agrify TTK Solution”), the Company’s enhanced comprehensive customer offering, with up to $50 million initial capital committed

Further expanded engagement with existing customer Hannah Industries

Signed a binding letter of intent for an additional $3 million for facility build-out and the installation of 179 Vertical Farming Units, ("VFUs") annual SaaS fees revenue of approximately $285,000, and yield-based production service fees estimated at $1.9 million per annum for the next 10 years

Enhanced Agrify Insights™ software platform with integration of Metrc and partnership with Confident Cannabis

Established a partnership with Atlantis Hydroponics to build-out a research and development facility focused on the hemp market

Completed initial public offering and listing on the NASDAQ under the symbol AGFY

Raised approximately $147 million in total proceeds from initial public offering and subsequent secondary offering, including two over-allotments

Added bench strength to the Board of Directors with appointment of industry veteran, Stuart Wilcox, former Curaleaf Chief Operating Officer

Onconova Therapeutics (ONTX) reported earnings on Mon 17 May 21 (a/h)

 

 

 

 

 

 

 

 

NEWTOWN, Pa., May 17, 2021 (GLOBE NEWSWIRE) -- Onconova Therapeutics, Inc. (NASDAQ: ONTX) (“Onconova”), a clinical-stage biopharmaceutical company focused on discovering and developing novel products for patients with cancer, today announced financial results for the three months ended March 31, 2021 and provided a business update.

Highlights for the first quarter of 2021 and subsequent weeks include:

The Phase 1 solid tumor study with ON 123300 in China is ongoing with no dose-limiting toxicities observed in the first two cohorts. Enrollment to the third cohort (120 mg) will now proceed.

The Phase 1 study with ON 123300 in the United States is open for enrollment, and actively screening patients.

The first patient has been dosed in an investigator-initiated Phase 2 study designed to assess the efficacy and safety of rigosertib in patients with recessive dystrophic epidermolysis bullosa (RDEB)-associated locally advanced/metastatic squamous cell carcinoma (SCC).

The investigator-initiated Phase 1/2 study evaluating rigosertib in combination with the checkpoint inhibitor nivolumab in KRAS mutated non-small cell lung cancer has progressed nicely and has reached the maximum dose of oral rigosertib per the current protocol.

The Company strengthened its balance sheet with net proceeds of $35.2 million from two equity offerings; cash and cash equivalents as of March 31, 2021 were $48.0 million. The Company believes it has more than 18 months of cash runway.

-=Hayward Holdings (HAYW) reported earnings on Wed 5 May 21 (b/o)

• Q1 EPS of -$0.85 may not be comparable to consensus of $0.17.
• Revenue of $334.4M (+96.5% Y/Y) beats by $75.85M. 

JAKKS Pacific (JAKK) reported earnings on Wed 28 Apr 21 (a/h)

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JAKKS Pacific, Inc. (JAKK) reported first-quarter 2021 results, wherein the top and the bottom line beat the Zacks Consensus Estimate. The company’s net sales topped the Zacks Consensus Estimate for the fourth straight quarter while earnings topped estimates for the third consecutive quarter. Following the results, the company’s shares moved up 9.6% during after-hour trading session on Apr 29.

Nonetheless, the company stated that it is making significant progress in operating performance on the back of cost-saving initiatives and improved inventory management. The company also disclosed that it has delivered the best first-quarter operating results since 2015, with significant improvement in sales, gross margin, adjusted net income and adjusted EBITDA. Notably, the company drove double-digit sales increases in all of its toy divisions: Boys, Girls and Seasonal. Also, the company anticipates more people to return to the normal pattern of shopping, gift-giving and celebrating Halloween.

Crocs (CROX) reported earnings on Tue 27 Apr 21 (b/o)

a.  4/21 Wed:  #1, 5; vol. 860K   +26% 

b.  4/22 Thur #3, 4; vol. 1.4M

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Shares of Crocs jumped 11% in the pre-market session on Tuesday as the shoe manufacturing company posted strong 1Q results. Record revenue growth of 64% along with outstanding performance in all regions and channels drove the stellar performance.

Crocs’ (CROX) 1Q adjusted earnings of $1.49 per share surged significantly on a year-over-year basis and outpaced the Street estimates of $0.89 per share. Revenues jumped 64% to $460.1 million, topping analysts’ expectations of $414.23 million.

The company’s direct-to-consumer increased 93.3%, while wholesale revenues were up 50.1%. Additionally, digital sales grew 75.3%, while the Asia region recorded growth of 26.2%.

Crocs CEO Andrew Rees said, “Demand for the Crocs brand is stronger than ever with expected 2021 revenue growth of 40% to 50%…We have raised full year guidance as we continue to see consumer demand for our product accelerate globally.”

For 2Q, the company projects revenue to grow by 60%-70% year-over-year.