Week Ahead: Earnings Expectations For AMC, DKNG, SHOP And More

Monday, February 13, 2023, 06:14:00 AM

The end of earnings season is near, but its not quite over yet. Several major names are set to report this week, including AMC Entertainment, Airbnb, and Shopify, among others. Here’s how analysts are expecting some of these names to shake out this week in terms of earnings expectations.

Palantir Technologies (NYSE: PLTR)

Palantir, the technology company, is expected to report fourth-quarter results on Monday, February 13th, after the market closes.

Revenue: $501m
Net Income: $58.65m
Earnings Per Share: $0.02
EBITDA: $86.17m
Operating Cash Flow: $67.11m
Free Cash Flow; $77.94m
Billings: $489.62m

Airbnb (NASDAQ: ABNB)

Airbnb, the short-term stay company, is expected to report fourth-quarter results on Tuesday, February 14th, after the market closes.

Revenue: $1,871.50m
Net Income: $188.73m
Earnings Per Share: $0.26m
EBITDA: $436.84m
Operating Cash Flow: $324.00m
Free Cash Flow: $63.46m
Gross Bookings: $13,694m

Roblox (NYSE: RBLX)

Roblox, the children’s gaming platform, is expected to report fourth-quarter results on Wednesday, February 15th, before the market opens.

Revenue: $892.20m
Net Income: -$337.09m
Earnings Per Share: -$0.54
EBITDA: $107.95m
Operating Cash Flow: $153.81m
Free Cash Flow: $53.31m
Daily Active Users: 58.97m users
Gross Bookings: $887.75m

Shopify Inc. (TSX: SHOP)

Shopify, the online retailer platform, is expected to report fourth-quarter results on Wednesday, February 15th, after the market closes.

Revenue: $1,643.89m
Net Income: -$15.13m
Earnings Per Share: -$0.01
EBITDA: -$33.10m
Operating Cash Flow: $64.74m
Free Cash Flow: -$38.89m
Billings: $1,931m
Gross Payment Volume: $32,570m

DraftKings Inc. (NASDAQ: DKNG)

DraftKings, the sports betting platform, is expected to report fourth-quarter results on Thursday, February 16th, after the market closes.

Revenue: $797.54m
Net Income: -$284.66m
Earnings Per Share: -$0.60
EBITDA: -$112.51m
Operating Cash Flow: -$220.34m
Free Cash Flow: -$214.98m
Monthly Unique Payers: 2,433m users

DoorDash Inc. (NYSE: DASH)

Doordash, the meal delivery platform, is expected to report fourth-quarter results on Thursday, February 16th, after the market closes.

Revenue: $1,763.08m
Net Income: -$273.19m
Earnings Per Share: -$0.72
EBITDA: $109.24m
Operating Cash Flow: -$53.41m
Free Cash Flow: -$111.32m
New Orders: $455.077m

AMC Entertainment (NYSE: AMC, APE)

AMC, the distressed movie theatre company, is expected to report fourth-quarter results on Friday, February 17th, before the market opens.

Revenue: $974.55m
Net Income: -$187.09m
Earnings Per Share: -$0.18
EBITDA: $20.12m
Operating Cash Flow: $23.71m
Free Cash Flow: -$32.20m

As we get to the tail end of the earnings season, the overall results have come in better than expected. Of the companies that have reported earnings, 66% beat revenue expectations for the fourth quarter. The sectors that beat analyst expectations the most were Utilities (86%), Health Care (80%), and Consumer Staples (775).

Most notably, Consumer Discretionary (70%), Tech (66%), and Real Estate (65%) all had over a 50% revenue beat. This suggests that the inevitable recession that economists have been forecasting still hasn’t arrived.

Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.