Earnings Predictions Winners!

5 OUT OF 5!

SNAP, BA, TSLA, TEAM, TWTR

by Ian Harvey

July 27, 2019

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EARNINGS PREDICTIONS RESULTS FOR LAST WEEK

DATE TRADE GAIN/LOSS
July 23, 2019 SNAP AUG 16 2019 15.000 CALL 371% P.P.
July 24, 2019 BA AUG 16 2019 360.000 PUT 512% P.P.
July 24, 2019 TSLA AUG 16 2019 250.000 PUT 197% P.P.
July 25, 2019 TEAM AUG 16 2019 140.000 CALL 138% P.P.
July 26, 2019 TWTR AUG 16 2019 38.000 CALL 176% P.P.

Why the Results?


Snap Inc. (NYSE:SNAP) stock's impressive run this year continued on Tuesday during after-market hours, when the photo- and video-sharing social network reported its latest quarterly results. Shares climbed more than 10% in after-hours trading, as investors were impressed by strong revenue growth and a narrower-than-expected loss per share.

Snap's second-quarter revenue soared 48% year over year to $388 million. This easily beat analysts' average forecast for revenue of $359.7 million. This revenue growth rate accelerated over the 39% top-line growth Snap saw in its first quarter.

YOU NEED TO BE IN TO PROFIT!

Aerospace giant Boeing Co (NYSE:BA) reported second-quarter results Wednesday morning, sending shares lower as the embattled company continues to grapple with the ongoing fallout from its flawed 737 MAX aircraft. 

Revenue fell 35% to $15.8 billion, and charges related to the 737 MAX contributed to a net loss of $2.9 billion, or $5.21 per share as reported under generally accepted accounting principles (GAAP). On an adjusted basis, net loss per share was $5.82. The accounting charges reduced revenue by $5.6 billion, according to Boeing.

CEO Dennis Muilenburg said the company remains focused on safely getting the 737 MAX back in the skies, while conceding that it may have to halt production of the aircraft. Boeing's current guidance does not include 737 MAX impacts, and it will wait to update its guidance due to the uncertainty surrounding the 737 MAX's return to service.

A NICE POTENTIAL PROFIT FOR THE WEEK!

The maker of electric cars Tesla Inc. (NASDAQ:TSLA) reported dismal quarterly earnings results after the market closed on Wednesday. The electric carmaker missed estimates on both fronts in the second quarter of 2019.

Adjusted loss per share was $1.12, much wider than the Consensus Estimate of loss of 54 cents. The company had incurred loss of $3.06 per share in the year-ago quarter. Revenues of $6.35 billion fell short of the Consensus Estimate of $6.38 billion but came in higher than the year-ago figure of $4 billion.

The wider-than-expected loss pushed down shares of Tesla by as much as 12% in aftermarket trading.

GREED  CAN BE THE UNDOING OF A GOOD PROFIT!

Cloud software company Atlassian Corporation PLC (NASDAQ: TEAM), a London-based firm that began in Australia, saw its shares hit record highs on Friday after reporting earnings after the market closed Thursday, TEAM closed out the day with gains of nearly 9%.

Total revenue increased 36% to $334.6 million, which led to a net loss of $237.5 million, or $0.99 per share as reported under international financial reporting standards (IFRS). On a non-IFRS basis, Atlassian posted adjusted net income of $51.2 million, or $0.20 per share.

Analysts were looking for $330.6 million in sales and $0.16 per share in adjusted profits. Atlassian added nearly 8,700 net new customers during the quarter, bringing its total customer count to almost 153,000.

In terms of outlook, the company expects revenue next quarter to be in the range of $349 million to $353 million, which should result in non-IFRS earnings per share of $0.24. Fiscal 2020 is expected to generate $1.54 billion to $1.56 billion in revenue.

PATIENCE PAYS OFF!

Twitter Inc. (NYSE:TWTR), a global platform for public self-expression and conversation in real time, announced second-quarter results early Friday morning. The quarterly update highlighted more strong momentum for the social network, including revenue and operating income that was both above management's guidance ranges.

Twitter's second-quarter revenue rose 18% year over year to $841 million. The company's top-line growth was even more impressive when adjusted to exclude the impact of currency fluctuations. Constant currency revenue rose 20% year over. Management had guided for revenue during the period to be between $770 million and $830 million.

Top-line growth was driven by strength in the U.S., where revenue grew 24% year over year. International revenue increased 12% year over year, or 16% in constant currency.

Twitter's total advertising revenue was $727 million, growing 21% year over year. Data licensing revenue rose 4% year over year to $114 million.

AS ALWAYS THE DECISION IS YOURS!

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An Important Note: That any suggestions for options trade considerations require investors/traders to use their own discretion as to when to enter or exit! As well, it is advisable to do further research and due diligence before executing your trade.

It is sometimes best to exit a trade, if there is already sufficient profit accrued, before an earnings report is presented. GREED can be the undoing of a nice profit!


Best of Trading,
Ian Harvey
Director of Stock Options Made Easy


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