1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:10,080 --> 00:00:13,520 Speaker 2: This is the closing bell on the stock mover's report 3 00:00:13,760 --> 00:00:16,720 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,880 --> 00:00:21,360 Speaker 2: with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greifel. 5 00:00:22,320 --> 00:00:25,360 Speaker 3: All right, let's go to some specific stocks on the move. 6 00:00:25,400 --> 00:00:27,720 Speaker 3: In fact, this one, we were breaking down the earnings 7 00:00:27,800 --> 00:00:29,880 Speaker 3: after the close yesterday, and this was a top gainer 8 00:00:29,920 --> 00:00:31,800 Speaker 3: in both the S and P and the Nasdaq one hundred. 9 00:00:31,840 --> 00:00:35,960 Speaker 3: We're talking about Cadence Design Systems, finishing the day up 10 00:00:36,000 --> 00:00:39,480 Speaker 3: about seven point six percent. The company reported forth quitter 11 00:00:39,479 --> 00:00:41,960 Speaker 3: results that beat expectations. They gave an outlook that is 12 00:00:42,000 --> 00:00:45,199 Speaker 3: seen as positive. Wall Street's been weighing in throughout the day. 13 00:00:45,240 --> 00:00:48,360 Speaker 3: Morgan and Piper Sandler Morgan Stanley. That is in Piper 14 00:00:48,400 --> 00:00:51,960 Speaker 3: Standler lowering the price targets on the stock, Rosenblatt upgrading 15 00:00:51,960 --> 00:00:53,960 Speaker 3: the stock to a buy and raising its price targeted 16 00:00:54,040 --> 00:00:56,800 Speaker 3: three sixty from three thirty five, stock closing at about 17 00:00:56,800 --> 00:00:59,600 Speaker 3: three hundred and five dollars a share. Let's move on 18 00:00:59,680 --> 00:01:04,080 Speaker 3: over to to wing Stop because that one. So that's 19 00:01:04,120 --> 00:01:04,800 Speaker 3: my gift to you. 20 00:01:05,160 --> 00:01:06,160 Speaker 2: Okay, you're welcome. 21 00:01:06,240 --> 00:01:09,120 Speaker 3: Thank you all right, Wing Stop up about ten percent. 22 00:01:09,240 --> 00:01:11,399 Speaker 3: It was up as much as twenty percent intra day. 23 00:01:12,120 --> 00:01:14,800 Speaker 3: This is, of course, the restaurant chain specializing in chicken 24 00:01:14,840 --> 00:01:17,880 Speaker 3: wings reported just at earnings per share and total domestic 25 00:01:17,920 --> 00:01:21,160 Speaker 3: comp sales growth for the fourth quarter that beat consensus estimates. 26 00:01:21,959 --> 00:01:24,039 Speaker 3: The results kind of a welcome surprise, if you will, 27 00:01:24,080 --> 00:01:26,520 Speaker 3: after analysts had warned that the chain's heavy exposure to 28 00:01:26,560 --> 00:01:30,520 Speaker 3: lower income, hispatic and younger consumers, groups that have pulled 29 00:01:30,560 --> 00:01:33,080 Speaker 3: back the most un dining out, could weigh on results. 30 00:01:33,120 --> 00:01:35,600 Speaker 3: But this one definitely an outperformer. And guys, we have 31 00:01:35,640 --> 00:01:36,440 Speaker 3: some more earnings. 32 00:01:36,520 --> 00:01:39,360 Speaker 4: We do two notes, so Wingstop just open and Hoboken, 33 00:01:39,440 --> 00:01:42,600 Speaker 4: so that's huge. Also, we're getting door Dash earnings right now. 34 00:01:42,640 --> 00:01:47,640 Speaker 4: They see first quarter marketplace be Government gov between thirty 35 00:01:47,640 --> 00:01:49,840 Speaker 4: one billion dollars to thirty one point eight billion dollars. 36 00:01:49,840 --> 00:01:51,680 Speaker 4: That is a red headline on the Bloomberg terminal. The 37 00:01:51,840 --> 00:01:55,440 Speaker 4: estimate had been for thirty point seventy five billion dollars. 38 00:01:55,440 --> 00:01:58,040 Speaker 4: When it comes to their fourth quarter EPs, it looks 39 00:01:58,080 --> 00:02:02,240 Speaker 4: like that did miss estimate. It's pretty materially forty eight 40 00:02:02,320 --> 00:02:04,560 Speaker 4: cents that was the figure for EPs for the fourth 41 00:02:04,640 --> 00:02:07,640 Speaker 4: quarter the estimate had been four fifty five cents. When 42 00:02:07,680 --> 00:02:10,840 Speaker 4: it comes to revenue, also a slight miss there. When 43 00:02:10,880 --> 00:02:13,800 Speaker 4: it comes to the first quarter outlook for adjusted EPITAUS 44 00:02:13,840 --> 00:02:16,960 Speaker 4: six hundred and seventy five million dollars to seven hundred 45 00:02:16,960 --> 00:02:19,520 Speaker 4: and seventy five million dollars. That is a big range, 46 00:02:19,639 --> 00:02:22,400 Speaker 4: and it's actually below the estimate of about eight hundred 47 00:02:22,440 --> 00:02:25,240 Speaker 4: point one million dollars. You can see the shares reacting 48 00:02:25,320 --> 00:02:28,040 Speaker 4: right now, currently lower by about five percent. 49 00:02:28,400 --> 00:02:30,360 Speaker 5: Okay, I'm looking at shares the eBay. They're higher by 50 00:02:30,400 --> 00:02:32,560 Speaker 5: about three point four percent. The company out with its 51 00:02:32,639 --> 00:02:35,600 Speaker 5: latest results, but also some news it will buy de 52 00:02:35,840 --> 00:02:38,880 Speaker 5: Pop from Etsy for about one point two billion dollars 53 00:02:39,320 --> 00:02:42,520 Speaker 5: in cash. In addition to that, fourth quarter net revenue 54 00:02:42,919 --> 00:02:45,000 Speaker 5: coming in at two point nine to seven billion that's 55 00:02:45,120 --> 00:02:48,280 Speaker 5: above estimates of two point eighty seven billion dollars. Fourth 56 00:02:48,320 --> 00:02:51,280 Speaker 5: quarter gross merchandise volume coming in above estimates, fourth quarter 57 00:02:51,360 --> 00:02:55,440 Speaker 5: active buyers coming in above estimates. Fourth quarter adjusted EPs 58 00:02:55,800 --> 00:02:59,000 Speaker 5: coming in just above estimates. The company did raise its 59 00:02:59,040 --> 00:03:03,079 Speaker 5: dividend it match Bloomberg projections once again. Fourth quarter EPs 60 00:03:03,080 --> 00:03:08,160 Speaker 5: from continued operations beating estimates. Shares hire by the after hours, ever, 61 00:03:08,240 --> 00:03:11,280 Speaker 5: so slightly. The company sees first Quarternet revenue three billion 62 00:03:11,320 --> 00:03:13,519 Speaker 5: to three point oh five billion dollars. That did beat 63 00:03:13,639 --> 00:03:16,600 Speaker 5: estimates of two point seven nine billion dollars. And once again, 64 00:03:16,639 --> 00:03:19,000 Speaker 5: the company's going to buy Deepop for METSI for about 65 00:03:19,000 --> 00:03:20,640 Speaker 5: one point two billion dollars in cash. 66 00:03:20,639 --> 00:03:21,960 Speaker 1: At some point we got to go back and talk 67 00:03:22,000 --> 00:03:23,800 Speaker 1: about what the heck's going on with Etsy, but I 68 00:03:23,800 --> 00:03:26,120 Speaker 1: do want to talk about moustlin Cores, the brewer maker 69 00:03:26,200 --> 00:03:28,760 Speaker 1: out with the beer maker out. With its earnings right now, 70 00:03:28,760 --> 00:03:31,359 Speaker 1: four Q net sales two point six six billion, relatively 71 00:03:31,360 --> 00:03:33,760 Speaker 1: in line with estimates, maybe a smidge light from the 72 00:03:33,760 --> 00:03:36,840 Speaker 1: two point seven billion dollar average of analyst estimates, but 73 00:03:36,920 --> 00:03:40,160 Speaker 1: underlining underlying EPs did beat at a dollar twenty one 74 00:03:40,200 --> 00:03:43,400 Speaker 1: to share. The street was looking for a dollar fifteen overall, 75 00:03:43,400 --> 00:03:45,360 Speaker 1: though we should point out that sales were actually down 76 00:03:45,600 --> 00:03:48,720 Speaker 1: by about three percent year over year, in line with expectations. 77 00:03:48,720 --> 00:03:50,720 Speaker 1: But of course, this is a company that's been struggling 78 00:03:50,760 --> 00:03:54,080 Speaker 1: a little bit here with a decline in alcohol consumption, 79 00:03:54,120 --> 00:03:56,800 Speaker 1: particularly in certain sectors of the beer market. 80 00:03:56,800 --> 00:03:58,760 Speaker 3: All right, guys, let's go to Carvana, which was on 81 00:03:58,840 --> 00:04:01,480 Speaker 3: fire last year. We've seen a bit of a different 82 00:04:01,480 --> 00:04:03,760 Speaker 3: trade this year, and I see the stock down about 83 00:04:03,760 --> 00:04:07,760 Speaker 3: fifteen percent in the aftermarket. Yeah, exactly. Fourth quarter adjusted 84 00:04:07,800 --> 00:04:10,960 Speaker 3: ebit a five hundred eleven million, that's a miss. Street 85 00:04:10,960 --> 00:04:14,640 Speaker 3: was looking for five thirty five point seven and fourth 86 00:04:14,680 --> 00:04:18,960 Speaker 3: quarter revenue five point six billion, that is above street estimates. 87 00:04:19,480 --> 00:04:22,039 Speaker 3: And fourth quarter adjusted EBITA margin nine point one percent. 88 00:04:22,040 --> 00:04:23,560 Speaker 3: That's a miss. The street was looking for ten point 89 00:04:23,600 --> 00:04:25,360 Speaker 3: four percent. We'll look for some outlook on this one, 90 00:04:25,400 --> 00:04:27,400 Speaker 3: but investors not please right now. 91 00:04:27,400 --> 00:04:29,400 Speaker 1: That's short memsaus on this stock too, right. 92 00:04:29,400 --> 00:04:31,560 Speaker 3: Right, So we're definitely going to see some movement there. 93 00:04:32,839 --> 00:04:36,880 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 94 00:04:36,960 --> 00:04:39,520 Speaker 2: us throughout the day for the latest roundup of companies 95 00:04:39,600 --> 00:04:42,680 Speaker 2: making news on Wall Street and for the latest market 96 00:04:42,720 --> 00:04:47,159 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 97 00:04:47,279 --> 00:04:50,800 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 98 00:04:50,839 --> 00:04:52,360 Speaker 2: the Bloomberg Business app.