After Hours: Beyond Meat Beats, DocuSign Delivers, but…

At times during earnings season, it seems like the flood of quarterly results is never going to stop. So it is following today’s market close, when the headlines were stuffed with numerous prominent companies reporting results.

Here are two of those notables unveiling figures. Plus, a strategy is apparently being devised for a new phase in the Streaming Entertainment Wars.

More

Image source: Beyond Meat.

Beyond Meat’s first time at the table

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Plant-based alternative food producer&nbsp;Beyond Meat (NASDAQ: BYND) released its inaugural set of results as a public company after market close today, and the results were tasty.” data-reactid=”26″>Plant-based alternative food producer Beyond Meat (NASDAQ: BYND) released its inaugural set of results as a public company after market close today, and the results were tasty.

For its Q1 2019, the company’s net revenue was $40.2 million, with a net loss of $6.6 million ($0.95 per share). The same line items for the year-ago quarter were $12.8 million and a net loss of $5.7 million ($0.98). On an adjusted basis, net loss came in at $0.14 per share, slightly worse than the Q1 2018 deficit of $0.13.

Both of the headline fundamentals from the reported quarter beat analyst estimates. On average, these projected $38 million for revenue and a per-share net loss of $0.15.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Those beats were encouraging, but what really seems to have impressed investors is the company's guidance. Beyond Meat ticked up its revenue estimate for the full fiscal year — it now believes it will take in $210 million for the year, slightly higher than its previous prognostication of $205 million. EBITDA, meanwhile, should reach breakeven. On top of that, the company added the caveat that these estimates are,&nbsp;if anything, conservative.” data-reactid=”29″>Those beats were encouraging, but what really seems to have impressed investors is the company’s guidance. Beyond Meat ticked up its revenue estimate for the full fiscal year — it now believes it will take in $210 million for the year, slightly higher than its previous prognostication of $205 million. EBITDA, meanwhile, should reach breakeven. On top of that, the company added the caveat that these estimates are, if anything, conservative.

Beyond Meat said that robust sales of its leading product, the Beyond Burger, were largely responsible for the sharp revenue increase.

Beyond Meat has been a hot stock since its IPO, and these results should only crank up the heat. The stock is up a sizzling 18% in post-market trading tonight.

DocuSign’s strangely discouraging Q1

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="While we're on the subject of recent IPOs reporting quarterly figures, we'll take a look at DocuSign (NASDAQ: DOCU). The e-signature specialist unveiled its Q1 2020 results and the market’s reaction to them was… interesting.” data-reactid=”33″>While we’re on the subject of recent IPOs reporting quarterly figures, we’ll take a look at DocuSign (NASDAQ: DOCU). The e-signature specialist unveiled its Q1 2020 results and the market’s reaction to them was… interesting.

The period saw the company book $214 million in revenue, a sturdy 37% increase on a year-over-year basis, on bookings that rose 27%. Net income came in at almost $13.5 million ($0.07), far above the roughly $316,000 ($0.01) of the year-ago quarter.

On average, analysts were expecting $208 million on the top line and EPS of $0.04.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="In spite of those beats, the company's stock is currently the leader in post-market decliners. This is mysterious, given the seemingly encouraging performance — maybe investors were hoping for better revenue growth, as DocuSign has posted higher figures in the recent past. It’s trading down a steep 21%.&nbsp;&nbsp;” data-reactid=”36″>In spite of those beats, the company’s stock is currently the leader in post-market decliners. This is mysterious, given the seemingly encouraging performance — maybe investors were hoping for better revenue growth, as DocuSign has posted higher figures in the recent past. It’s trading down a steep 21%.  

AT&T — bundling and pricing

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Telecom and media giant AT&amp;T (NYSE: T) might be on the verge of setting a price for its upcoming streaming service, according to media reports published this afternoon and updated in the early evening. It’s also planning to bundle three crucial media assets into this offering.” data-reactid=”38″>Telecom and media giant AT&T (NYSE: T) might be on the verge of setting a price for its upcoming streaming service, according to media reports published this afternoon and updated in the early evening. It’s also planning to bundle three crucial media assets into this offering.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Wall Street Journal, citing "people familiar with the matter," said AT&amp;T is planning to charge between $16 and $17 per month for a subscription. The service will include HBO, fellow cable channel Cinemax, and the entirety of its Warner Bros. TV and film library.” data-reactid=”39″>The Wall Street Journal, citing “people familiar with the matter,” said AT&T is planning to charge between $16 and $17 per month for a subscription. The service will include HBO, fellow cable channel Cinemax, and the entirety of its Warner Bros. TV and film library.

Read More