Highlights from Zacks analyst blog: NVIDIA, Peloton, Uber, Expedia and Airbnb

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Chicago, IL – November 5, 2021 – Zacks.com announces the list of stocks featured on the Analysts Blog. Every day, Zacks Equity Research analysts discuss the latest news and events impacting stocks and financial markets. Recent actions featured in the blog include: NVIDIA Corporation NVDA, Peloton Interactive, Inc. PTON, Uber Technologies, Inc. UBER, Expedia Group, Inc. EXPE and Airbnb, Inc. ABNB.

Here are highlights from Thursday’s analyst blog:

Steady trading strong again; Some weaknesses of the late Q3

As the Dow made a comeback to green in the minutes leading up to Thursday’s closing bell, it missed -0.09%, marking the first session of the last five that the blue chip index failed. did not end the day up. The S&P 500 gained + 0.42% to a new closing high, as did the Nasdaq, + 0.81% – helped somewhat by the strong performance of NVIDIA on AI chips for the “metaverse”. Small cap Russell 2000, after trading more than + 8% higher last week, lost a tiny -0.08%.

However, this was all before the last Q3 reports, which are a bit rocky overall:

After the bell, however, platoon shares collapse on third quarter numbers released this afternoon: net income of $ -1.25 per share is below the Zacks consensus $ -1.15, which was already a -675% drop in year-over-year. Revenue edged revenue slightly to $ 805 million in the quarter. Product recalls and a drop in price helped generate -20% year-over-year net profits.

Stocks are down -25% on news, after a much contested year of -42% to date, mostly on these same issues. The company maintains that lowering its price is the path to a younger, less affluent customer, but the marketing expense can push profitability even further. The stock had a Value-Growth-Momentum score of F in the results report.

Uber shares are -5% late in trading on its third-quarter report, which saw a beat on the top line – revenue of $ 4.8 billion vs. $ 4.4 billion expected – while missing bottom: – $ 1.28 per share versus -37 cents in Zacks consensus. This includes a one-time impairment charge worth more than $ 3 billion in the quarter, related to its holdings in DiDi.

The numbers for driver supply were good: + 60% year over year, in a segment where workforce growth can be difficult to achieve. That said, its Adjusted EBITDA turned positive during the quarter. But the stock remains -15% under the year to date.

Expedia Easily outperformed its bottom line – $ 3.53 per share on $ 2.96 billion in the quarter, compared to $ 1.63 per share on $ 2.77 billion in sales, respectively. The company sees great momentum in its VRBO space, as restrictions on Covid-19 eased over the fall months. Gross bookings increased 117% year over year. Demand is good in the travel industry after a long period of pent-up demand.

However, Airbnb shares initially fell -5% from its third quarter report Thursday afternoon, even as earnings of $ 1.22 per share surpassed 84 cents expected, on $ 2.2 billion in sales , + 46% year on year. The revenue forecast for the next quarter is slightly lower than expected at $ 1.4 billion. But stocks have since turned positive, with net income of $ 834 million, which more than tripled year over year.

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NVIDIA Corporation (NVDA): Free Inventory Analysis Report

Expedia Group, Inc. (EXPE): Free Inventory Analysis Report

Uber Technologies, Inc. (UBER): Free Stock Analysis Report

Peloton Interactive, Inc. (PTON): Free Stock Analysis Report

Airbnb, Inc. (ABNB): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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