In today’s briefing:
- Select Sector Indices and S&P Equal Weight Rebalance Preview: Capping Changes & US$13bn Trade
- Booking Holdings: An Insight Into Its Merchant Model Expansion & Payment Innovations!
- Trimble Inc.: Is The Strategic Pivot From Traditional Sales To A Subscription-Based Model Paying Off?
- Wingstop Inc.: Innovative Kitchen Operating Platform To Set The Stage For Long-Term Growth!
- Bausch + Lomb: Innovative Product Launches in the Surgical Business Can Truly Shape Their Future!
- Visteon’s Bold Asia Expansion: Looking To Double Revenue by 2027?
- Exact Sciences Corporation: Is The Oncology Product Pipeline Development to Capture A Lion’s Share of the Market?
- MNTN, Inc. (MNTN) – Peeking at the IPO Prospectus of Performance Marketing Platform Software Company
- VRA: 4Q Preview: More Green Shoots On the Way; Reiterate Buy, PT
- CF Industries: Growth of Low Carbon Ammonia to Reinforce Leadership Position In Green Transitions!
Select Sector Indices and S&P Equal Weight Rebalance Preview: Capping Changes & US$13bn Trade
- Constituent changes to the S&P 500 INDEX (SPX INDEX), S&P Midcap400 Index and S&P SmallCap600 Index for the March rebalance will be announced after market close on Friday.
- There will also be capping changes for the Select Sector indices that will result in a round-trip trade of US$13.1bn. Constituent changes will add to that flow.
- The largest inflows will be in Amazon.com, Tesla, Microsoft, NVIDIA, Alphabet (GOOGL US) and Electronic Arts. Largest outflows are from Broadcom, Meta Platforms, Linde, Mcdonald’s Corp and Take Two Interactive.
Booking Holdings: An Insight Into Its Merchant Model Expansion & Payment Innovations!
- Booking Holdings, a major player in the global online travel industry, reported its fourth-quarter and full-year 2024 financial results, showcasing a strong performance across several key metrics.
- The company achieved a 13% year-over-year growth in room nights during the fourth quarter, surpassing its expectations and reflecting robust demand across all major regions.
- The growth in room nights contributed to a 17% increase in gross bookings and 14% revenue growth, both exceeding the company’s prior guidance.
Trimble Inc.: Is The Strategic Pivot From Traditional Sales To A Subscription-Based Model Paying Off?
- Trimble Inc. concluded its fiscal year with robust performance, exceeding the midpoint of its guidance.
- The company reported fourth-quarter revenue of $983 million, ARR of $2.26 billion, and EPS of $0.89.
- On an as adjusted basis, the fourth-quarter revenue increased by 9%, while gross margins significantly exceeded 70% for the first time.
Wingstop Inc.: Innovative Kitchen Operating Platform To Set The Stage For Long-Term Growth!
- Wingstop Inc. demonstrated robust financial performance in fiscal year 2024.
- The company achieved record results, marked by a 19.9% increase in domestic same-store sales and a remarkable 15.8% unit growth with the opening of 349 net new restaurants.
- This growth pushed system-wide sales up by 36.8% to $4.8 billion, while adjusted EBITDA surged by 44.8% to $212 million, emphasizing Wingstop’s strong operational and strategic foothold in the fast-casual dining sector.
Bausch + Lomb: Innovative Product Launches in the Surgical Business Can Truly Shape Their Future!
- Bausch + Lomb delivered a robust financial performance in the fourth quarter of 2024, marking its fifth consecutive quarter of double-digit constant currency revenue growth.
- The company achieved a 17% growth in constant currency revenue for the entire year.
- This trajectory is attributed to the continuous introduction of new products and substantial enhancements in manufacturing processes, notably through the deployment of AI technologies.
Visteon’s Bold Asia Expansion: Looking To Double Revenue by 2027?
- Visteon Corporation reported its financial results for the fourth quarter and full year 2024, reflecting a period of strategic progress and solid operational performance.
- The company secured $3.87 billion in sales for the year, demonstrating alignment with key automotive industry trends, especially in digitalization, software-defined vehicles, and electrification.
- Record levels were achieved in adjusted EBITDA, at $474 million, and adjusted free cash flow, amounting to $300 million, underscoring strong financial discipline and operational execution.
Exact Sciences Corporation: Is The Oncology Product Pipeline Development to Capture A Lion’s Share of the Market?
- Exact Sciences recently reported its fourth-quarter 2024 financial results, showcasing a mix of both positive momentum and certain challenges.
- For the full year, Exact Sciences achieved a core revenue growth of 11%, reaching $2.75 billion, and notably expanded its adjusted EBITDA by nearly 48%.
- The company also doubled its free cash flow and ended the year with a robust $1.04 billion in cash and securities.
MNTN, Inc. (MNTN) – Peeking at the IPO Prospectus of Performance Marketing Platform Software Company
- Their Performance TV software platform allows marketers to combine the powerful storytelling format of TV advertising with the targeting, measurement and attribution capabilities of paid search and social advertising.
- They had revenue of $176.3 million and $225.6 million and net loss of $53.3 million and $32.9 million in 2023 and 2024, respectively.
- We anticipate this company to set terms (share size, price range) and debut in the second half of March
VRA: 4Q Preview: More Green Shoots On the Way; Reiterate Buy, PT
- We are reiterating our Buy rating, $5.50 price target and projections for Vera Bradley with the company reporting 4QFY25 (January) results before the open on Wednesday.
- While we believe 4Q upside is limited, we expect management to point to signs of material progress as they shift the product and category mix to attract a younger generation.
- Further, we expect the launch of the Spring collection in 1QFY26 has been a key positive and provides a road map to move Vera Bradley back into prominence.
CF Industries: Growth of Low Carbon Ammonia to Reinforce Leadership Position In Green Transitions!
- CF Industries reported strong financial performance for the full year and fourth quarter of 2024, with a full-year adjusted EBITDA of $2.3 billion and a fourth-quarter adjusted EBITDA of $562 million.
- The company returned $1.9 billion to shareholders through dividends and share repurchases, marking the highest level of capital return in over a decade.
- This robust performance allowed for an increase in shareholder value, despite some concerns over cost increases and market volatility.
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