WEBVTT - Closing Bell: Booking & Avis Deliver Earnings, Wingstop Shares Pop

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>This is the closing bell on the stock mover's report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greifel.

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<v Speaker 3>All right, let's go to some specific stocks on the move.

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<v Speaker 3>In fact, this one, we were breaking down the earnings

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<v Speaker 3>after the close yesterday, and this was a top gainer

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<v Speaker 3>in both the S and P and the Nasdaq one hundred.

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<v Speaker 3>We're talking about Cadence Design Systems, finishing the day up

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<v Speaker 3>about seven point six percent. The company reported forth quitter

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<v Speaker 3>results that beat expectations. They gave an outlook that is

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<v Speaker 3>seen as positive. Wall Street's been weighing in throughout the day.

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<v Speaker 3>Morgan and Piper Sandler Morgan Stanley. That is in Piper

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<v Speaker 3>Standler lowering the price targets on the stock, Rosenblatt upgrading

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<v Speaker 3>the stock to a buy and raising its price targeted

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<v Speaker 3>three sixty from three thirty five, stock closing at about

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<v Speaker 3>three hundred and five dollars a share. Let's move on

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<v Speaker 3>over to to wing Stop because that one. So that's

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<v Speaker 3>my gift to you.

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<v Speaker 2>Okay, you're welcome.

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<v Speaker 3>Thank you all right, Wing Stop up about ten percent.

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<v Speaker 3>It was up as much as twenty percent intra day.

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<v Speaker 3>This is, of course, the restaurant chain specializing in chicken

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<v Speaker 3>wings reported just at earnings per share and total domestic

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<v Speaker 3>comp sales growth for the fourth quarter that beat consensus estimates.

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<v Speaker 3>The results kind of a welcome surprise, if you will,

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<v Speaker 3>after analysts had warned that the chain's heavy exposure to

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<v Speaker 3>lower income, hispatic and younger consumers, groups that have pulled

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<v Speaker 3>back the most un dining out, could weigh on results.

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<v Speaker 3>But this one definitely an outperformer. And guys, we have

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<v Speaker 3>some more earnings.

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<v Speaker 4>We do two notes, so Wingstop just open and Hoboken,

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<v Speaker 4>so that's huge. Also, we're getting door Dash earnings right now.

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<v Speaker 4>They see first quarter marketplace be Government gov between thirty

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<v Speaker 4>one billion dollars to thirty one point eight billion dollars.

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<v Speaker 4>That is a red headline on the Bloomberg terminal. The

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<v Speaker 4>estimate had been for thirty point seventy five billion dollars.

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<v Speaker 4>When it comes to their fourth quarter EPs, it looks

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<v Speaker 4>like that did miss estimate. It's pretty materially forty eight

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<v Speaker 4>cents that was the figure for EPs for the fourth

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<v Speaker 4>quarter the estimate had been four fifty five cents. When

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<v Speaker 4>it comes to revenue, also a slight miss there. When

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<v Speaker 4>it comes to the first quarter outlook for adjusted EPITAUS

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<v Speaker 4>six hundred and seventy five million dollars to seven hundred

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<v Speaker 4>and seventy five million dollars. That is a big range,

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<v Speaker 4>and it's actually below the estimate of about eight hundred

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<v Speaker 4>point one million dollars. You can see the shares reacting

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<v Speaker 4>right now, currently lower by about five percent.

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<v Speaker 5>Okay, I'm looking at shares the eBay. They're higher by

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<v Speaker 5>about three point four percent. The company out with its

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<v Speaker 5>latest results, but also some news it will buy de

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<v Speaker 5>Pop from Etsy for about one point two billion dollars

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<v Speaker 5>in cash. In addition to that, fourth quarter net revenue

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<v Speaker 5>coming in at two point nine to seven billion that's

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<v Speaker 5>above estimates of two point eighty seven billion dollars. Fourth

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<v Speaker 5>quarter gross merchandise volume coming in above estimates, fourth quarter

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<v Speaker 5>active buyers coming in above estimates. Fourth quarter adjusted EPs

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<v Speaker 5>coming in just above estimates. The company did raise its

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<v Speaker 5>dividend it match Bloomberg projections once again. Fourth quarter EPs

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<v Speaker 5>from continued operations beating estimates. Shares hire by the after hours, ever,

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<v Speaker 5>so slightly. The company sees first Quarternet revenue three billion

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<v Speaker 5>to three point oh five billion dollars. That did beat

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<v Speaker 5>estimates of two point seven nine billion dollars. And once again,

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<v Speaker 5>the company's going to buy Deepop for METSI for about

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<v Speaker 5>one point two billion dollars in cash.

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<v Speaker 1>At some point we got to go back and talk

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<v Speaker 1>about what the heck's going on with Etsy, but I

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<v Speaker 1>do want to talk about moustlin Cores, the brewer maker

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<v Speaker 1>out with the beer maker out. With its earnings right now,

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<v Speaker 1>four Q net sales two point six six billion, relatively

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<v Speaker 1>in line with estimates, maybe a smidge light from the

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<v Speaker 1>two point seven billion dollar average of analyst estimates, but

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<v Speaker 1>underlining underlying EPs did beat at a dollar twenty one

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<v Speaker 1>to share. The street was looking for a dollar fifteen overall,

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<v Speaker 1>though we should point out that sales were actually down

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<v Speaker 1>by about three percent year over year, in line with expectations.

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<v Speaker 1>But of course, this is a company that's been struggling

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<v Speaker 1>a little bit here with a decline in alcohol consumption,

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<v Speaker 1>particularly in certain sectors of the beer market.

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<v Speaker 3>All right, guys, let's go to Carvana, which was on

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<v Speaker 3>fire last year. We've seen a bit of a different

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<v Speaker 3>trade this year, and I see the stock down about

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<v Speaker 3>fifteen percent in the aftermarket. Yeah, exactly. Fourth quarter adjusted

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<v Speaker 3>ebit a five hundred eleven million, that's a miss. Street

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<v Speaker 3>was looking for five thirty five point seven and fourth

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<v Speaker 3>quarter revenue five point six billion, that is above street estimates.

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<v Speaker 3>And fourth quarter adjusted EBITA margin nine point one percent.

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<v Speaker 3>That's a miss. The street was looking for ten point

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<v Speaker 3>four percent. We'll look for some outlook on this one,

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<v Speaker 3>but investors not please right now.

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<v Speaker 1>That's short memsaus on this stock too, right.

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<v Speaker 3>Right, So we're definitely going to see some movement there.

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