• Hilton Grand Vacations Inc. (HGV) Tops Q4 Earnings Estimates
    Zacks

    Hilton Grand Vacations Inc. (HGV) Tops Q4 Earnings Estimates

    Hilton Grand Vacations Inc. (HGV) delivered earnings and revenue surprises of 7.02% and -6.06%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Top Ranked Momentum Stocks to Buy for February 27th
    Zacks

    Top Ranked Momentum Stocks to Buy for February 27th

    Top Ranked Momentum Stocks to Buy for February 27th

  • Sea Limited Sponsored ADR (SE) Dips More Than Broader Markets: What You Should Know
    Zacks

    Sea Limited Sponsored ADR (SE) Dips More Than Broader Markets: What You Should Know

    Sea Limited Sponsored ADR (SE) closed the most recent trading day at $46.42, moving -0.6% from the previous trading session.

  • Cowen’s Chris Weekes at 2nd SPAC Roundtable: SPACs Now Part of Conversation with Most Companies Seeking Public Listing
    IPO-Edge.com

    Cowen’s Chris Weekes at 2nd SPAC Roundtable: SPACs Now Part of Conversation with Most Companies Seeking Public Listing

    Chris Weekes, Managing Director, Capital Markets, at Cowen Inc. Much of the recent success of special purpose acquisition companies, or SPACs, is due to a watershed structural change: the separation of the vote and the ability to redeem shares for cash, which allows virtually all deals to be approved. However, it remains critical to raise […]

  • SmileDirectClub sell-off gives short sellers reason to grin
    Reuters

    SmileDirectClub sell-off gives short sellers reason to grin

    During the previous session ahead of SmileDirectClub's quarterly report, short bets against it climbed to a record high 40,000 shares, equivalent to 57% of the company's float, according to S3 Partners, a financial analytics firm. Traders borrowing SmileDirectClub shares to make new short bets on Wednesday were paying the equivalent of more than a 31% annual interest rate, up from 26% the day before, reflecting a scarcity of additional shares available to short, according the S3 Partners. For 2020, SmileDirectClub forecast sales between $1 billion and $1.10 billion, the mid-point of which was below market estimates, and it reported a wider-than-expected fourth-quarter loss.

  • InterXion Holding (INXN) Earnings Expected to Grow: What to Know Ahead of Q4 Release
    Zacks

    InterXion Holding (INXN) Earnings Expected to Grow: What to Know Ahead of Q4 Release

    InterXion (INXN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Analysts Estimate Zymeworks Inc. (ZYME) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Zymeworks Inc. (ZYME) to Report a Decline in Earnings: What to Look Out for

    Zymeworks Inc. (ZYME) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Tech Stocks to Watch for Earnings on Feb 27: PLAN, VMW & More
    Zacks

    Tech Stocks to Watch for Earnings on Feb 27: PLAN, VMW & More

    Here is a sneak peek at how five technology stocks might fare in their quarterly results slated to release on Feb 27.

  • Earnings Estimates Moving Higher for Datadog (DDOG): Time to Buy?
    Zacks

    Earnings Estimates Moving Higher for Datadog (DDOG): Time to Buy?

    Datadog (DDOG) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.

  • Why Earnings Season Could Be Great for uniQure (QURE)
    Zacks

    Why Earnings Season Could Be Great for uniQure (QURE)

    uniQure (QURE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

  • Univar (UNVR) Earnings and Revenues Lag Estimates in Q4
    Zacks

    Univar (UNVR) Earnings and Revenues Lag Estimates in Q4

    While Univar (UNVR) gained from the Nexeo buyout in Q4, lower demand in global industrial markets affected its results.

  • One of China’s Biggest Bubble Tea Chains Seeks $400 Million U.S. IPO
    Bloomberg

    One of China’s Biggest Bubble Tea Chains Seeks $400 Million U.S. IPO

    (Bloomberg) -- Naixue’s Tea, one of the biggest bubble tea chains in China, has filed confidentially for a U.S. initial public offering that could raise as much as $400 million, according to people familiar with the matter.Bloomberg News reported on Tuesday that the company, also known as Nayuki, has been working with advisers on the share sale that could take place as soon as this year. The firm is also looking to raise about $50 million to $100 million in a pre-IPO funding round, the people have said, who asked not to be identified as the discussions are private.Naixue, started by Shenzhen Pindao Restaurant Management Co. in 2010, has more than 230 stores across China, according to its website. The chain sells fresh-fruit tea -- some with cheese foam on the top -- as well as cold brew tea and baked goods. HEYTEA, another popular bubble tea chain, is among its biggest rivals in the country.Details of Naixue’s offering including timeline, size and listing venue could change as the novel coronavirus outbreak is weighing on market sentiment, the people said. A representative for Shenzhen Pindao didn’t respond to requests for comment.Chinese companies raised about $3.7 billion through U.S. listings last year, led by DouYu International Holdings Ltd. and Luckin Coffee Inc., according to data compiled by Bloomberg. Citic Capital Acquisition Corp. is among the nine Chinese firms that completed their U.S. first-time share sales this year, raising a total of $722 million, the data show.(Updates that the company has filed for IPO confidentially in headline and lead.)To contact Bloomberg News staff for this story: Dong Cao in Beijing at dcao59@bloomberg.net;Vinicy Chan in Hong Kong at vchan91@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, Joanna OssingerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Investors Who Bought Scientific Games (NASDAQ:SGMS) Shares Five Years Ago Are Now Up 64%
    Simply Wall St.

    Investors Who Bought Scientific Games (NASDAQ:SGMS) Shares Five Years Ago Are Now Up 64%

    Scientific Games Corporation (NASDAQ:SGMS) shareholders might be concerned after seeing the share price drop 22% in...

  • HGV vs. HTHT: Which Stock Should Value Investors Buy Now?
    Zacks

    HGV vs. HTHT: Which Stock Should Value Investors Buy Now?

    HGV vs. HTHT: Which Stock Is the Better Value Option?

  • Anaplan (PLAN) to Report Q4 Earnings: What's in the Cards?
    Zacks

    Anaplan (PLAN) to Report Q4 Earnings: What's in the Cards?

    Anaplan's (PLAN) fourth-quarter fiscal 2020 results are expected to benefit from an expanded clientele and a strong partner base.

  • IPO Edge’s Jannarone: Ignore the Dental Lobby and Focus on This Metric at SmileDirectClub – Cheddar
    IPO-Edge.com

    IPO Edge’s Jannarone: Ignore the Dental Lobby and Focus on This Metric at SmileDirectClub – Cheddar

    The American Dental Association as well as various state dental boards have made an organized attack on SmileDirectClub, Inc. in an effort to protect their turf, but savvy investors should look past Big Dental and focus instead on the orthodontics disruptor’s massive profit potential. That’s according to IPO Edge Editor John Jannarone, who spoke to […]

  • ANGI Homeservices Inc.’s (NASDAQ:ANGI) Investment Returns Are Lagging Its Industry
    Simply Wall St.

    ANGI Homeservices Inc.’s (NASDAQ:ANGI) Investment Returns Are Lagging Its Industry

    Today we'll look at ANGI Homeservices Inc. (NASDAQ:ANGI) and reflect on its potential as an investment. Specifically...

  • The Zacks Analyst Blog Highlights: Crowdstrike, Uber, Slack, Zendesk and Zuora
    Zacks

    The Zacks Analyst Blog Highlights: Crowdstrike, Uber, Slack, Zendesk and Zuora

    The Zacks Analyst Blog Highlights: Crowdstrike, Uber, Slack, Zendesk and Zuora

  • How BLK & Bold plans to change the coffee industry
    Yahoo Finance

    How BLK & Bold plans to change the coffee industry

    BLK & Bold, the first black-owned, nationally distributed coffee brand, is challenging coffee kingpins like Starbucks and Peet's with a socially-conscious business model aimed at supporting at-risk communities.

  • Virus Investors Don't Need No (Online) Education
    Bloomberg

    Virus Investors Don't Need No (Online) Education

    (Bloomberg Opinion) -- Investors looking for an angle on the coronavirus crisis have naturally landed upon the online education sector in the hopes that tens of millions of quarantined school kids will turn such providers into profit-making machines on par with China’s hottest internet companies.Almost every mainland province and city has pushed back the starting date of the spring term by weeks. Most students haven’t seen the inside of a classroom since Lunar New Year in late January. Not wanting to be left behind, students, their schools and parents have turned to online alternatives, including options not offered by traditional education businesses.Giant Alibaba Group Holding Ltd., for example, added 100,000 servers to support its free DingTalk messenger, which is being used across the country to help pupils communicate with teachers and watch online classes. A similar tale is told at WeChat provider Tencent Holdings Ltd.Even San Fransciso-based Seesaw Learning Inc., developer of an early-childhood learning and communication app with less than 10% of revenue from China, saw a 31% jump in traffic from there and 21% from Hong Kong. Co-founder Adrian Graham admits it’s hard to tell whether that spike is due to normal post-new year usage increases or the impact of quarantined kids at the mostly international schools in the Greater China region that use the product.As a result, this could be the biggest sustained, mass experiment in online education since the internet was founded in the 1980s. But for those who specialize in education as a business, there’s little to suggest a surge of online students will boost the bottom line.In China, the commercial education business is driven chiefly by demand for after-school tuition (AST) classes. In physical classrooms, also known as cram schools, which are owned and operated by these providers, children as young as kindergartners spend an extra few hours after their normal day (and on weekends and during school holidays) to bone up on core subjects of Chinese, English and mathematics.To deal with the quarantines, TAL Education Group, one of China’s largest education companies, is moving students from offline classes to its programs and refunding the difference in tuition fees, with online up to 50% cheaper, Daiwa Capital Markets HK Ltd. analysts John Choi and Candis Chan wrote this month. New Oriental Education & Technology Group Inc., the other big player in Chinese education and a leader in test-preparation courses, is also moving students to its web and app platforms, they wrote. A key narrative supporting the thesis for big online education profits is that the massive home-schooled education program now under way will work as great marketing for companies like TAL and New Oriental, which spend a lot of money just getting students to enroll in their classes. A captive market of kids forced to learn via the internet might then be converted to long-term online tuition customers. That’s the theory, anyway.In truth, they’d better hope that doesn’t happen. Online is not as profitable as physical classrooms, competition is tougher, and average prices are falling faster. Take TAL as an example. Revenue for the three months to Nov. 30 climbed 47% from the previous year. Online sales were the major driver, climbing 86%. But actual enrollments grew 107%. In other words, student numbers rose faster than revenue because average prices actually fell 9% for the period.So while online has expanded, it still accounts for only 18% of total revenue. The glass-half-full scenario would tell you that there’s great potential ahead. A more pessimistic analysis would suggest that if TAL needs to cut prices this early, then there’s not a lot of room to boost profitability as time marches on. And the company is already suffering pressure that is hurting the bottom line. Operating margin shrank to 9% from 12% in the previous year, with net income plunging 77%.New Oriental isn’t faring much better. Online education accounted for 6% of its revenue in the latest fiscal year. The company gets more than 80% of sales from language training and test preparation. That indicates that internet-based programs have great potential. Yet data show New Oriental is struggling to scale. Subsidiary Koolearn Technology Holding Ltd., which it spun off and listed in Hong Kong, posted revenue growth of just 19% in the six months to Nov. 30. What’s more, operating loss tripled with margin deteriorating from -4.6% to -16.5%.One company might have nailed it, however. GSX Techedu Inc. describes itself as “a leading online K-12 large-class after-school tutoring service provider.” GSX’s niche is massive live online classes — it boasts being able to host 100,000 students in a single broadcast — that allow it to rake in cash while saving on teacher salaries, which account for a major proportion of the costs borne by rivals.That scalability helped it turn profitable in 2018, a feat repeated last year, earning it an operating margin of 10.7%, in line with TAL and New Oriental.GSX has since been joined in offering massive classes. More than 2.4 million users are reported to have tuned in for some TAL elementary-school classes during the coronavirus period. Others are jumping aboard, too. Alibaba, for example, developed DingTalk for enterprise use. While it launched a campus-focused program for the product last year, it wasn’t until the current crisis that its popularity in education really took off. Worse for GSX, Alibaba is offering it for free and allowing schools to make use of existing teachers and materials.So while the outbreak is necessitating internet-based education options, it’s also highlighting how cheap online learning can be. The great thing about the internet is its ability to allow anyone to deliver content easily and cheaply. That may not be the outcome education companies really would be hoping for.To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Gol Linhas (GOL) Q4 Earnings Lag Estimates, Improve Y/Y
    Zacks

    Gol Linhas (GOL) Q4 Earnings Lag Estimates, Improve Y/Y

    Strong passenger revenues aid Gol Linhas' (GOL) fourth-quarter results.

  • Value In The Cloud
    Zacks

    Value In The Cloud

    Value In The Cloud

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