Q4 Earnings Analysis for Shopify, Roku, Fiverr And Palantir
March 04, 2021
Lead Tech Analyst
In my latest Forbes article, I cover the 2020 Q4 earnings for Shopify, Roku, Fiverr and Palantir. More importantly, we explain why tech stocks have been selling off recently despite some healthy earnings reports.
We discuss key points in the earnings reports from leading e-commerce software company Shopify (NYSE:SHOP), a company that’s not sitting stagnant by any means. We review Shopify’s product road map and how the company continually innovates to maintain its lead. The company grew revenue 94% YoY to $978M, topping consensus estimates by $64M (7%). Adjusted EPS of $1.58 beat estimates by $0.37.
We also discuss Roku (NASDAQ:ROKU) and why CEO Anthony Wood does not believe his industry has seen a pull forward from COVID-19 but rather a structural shift that benefits AVOD and programmatic CTV ads long term. In my previous analysis on Forbes, I had pointed out that Roku’s true market is pay-TV advertisers (rather than cord cutters). This was echoed on the recent call (nearly verbatim). Management also explained why Peacock and HBO are not truly competitors but rather increase the pool of customers for Roku.
Moreover, driven by strong advertiser demand, Roku beat on revenue and earnings when it announced Q4 results Feb. 18 with 58% growth year-over-year and guided for 51% growth for Q1 2021.
Fiverr (NYSE:FVRR) is a stock that has seen phenomenal gains of more than 800%. We review this company’s growth potential as a gig economy leader with the recent launch of its subscription service. The online freelance marketplace platform beat on revenue and earnings as it closed out a breakthrough quarter in the company’s history.
Lastly, we talk about Palantir (NYSE:PLTR). The company is guiding for 30% growth over the next five years which didn’t match its valuation going into earnings. Under the hood, the commercial accounts growth was a paltry 4% although perhaps the recent partnership with IBM (NYSE:IBM) will help strengthen the commercial customer base.
Palantir also announced Q4 results Feb. 16. Revenue grew 40% YoY to $322M, beating consensus estimates by $21.02M. Net loss of ($0.08) per share missed estimates of ($0.02), according to Bloomberg, despite the net loss improving from ($0.29) per share for the same period last year.
Sign up for Analysis on the Best Tech Stocks
I’m an industry insider who writes free in-depth analysis on public tech companies. In the last 12 months, I predicted Facebook’s Q2 crash, Roku’s meteoric rise, Uber’s IPO flop, Zoom’s IPO success, Google’s revenue miss and more. Be industry-specific. Know more than the broader markets. Sign up now. I look forward to staying connected.
If you are a more serious investor, we have a premium service that offers institutional-level research and entry/exit options. This membership offers a competitive edge in identifying growth opportunities and reducing risk in the tech sector. Learn more here.
More To Explore
Fiverr: Explosive Growth with a Bright Future
Fiverr has climbed 678% this year. In this analysis, we examine if the growth can continue in the short-term and also post-COVID. Specifically, our research shows that...
Social Media Projected to Lead Global Ad Spend in 2021
Global digital ad spending is projected to grow 10.1% YoY, powered by 18% growth in social media, according to a report from Dentsu, an advertising and public relations company based in Japan.
Tech Growth Earnings Review for Q3 2020 - Part 2
In the second part of my Q3 2020 tech earnings review series, I covered Roku, Square, The Trade Desk, Datadog and JFrog.
AMD Stock is Approaching a 20 Year Roadblock – Will History Repeat?
Advanced Micro Devices (AMD)’s stock price is up by 108% this year, making it the best-performing company in the S&P 500 this year. Its closest peer has been Nvidia, wh...
Top Momentum Stocks Affected by Cash Rotation in Q3
It has been a difficult quarter for many top momentum stocks like Slack (WORK), Veeva Systems (VEEV), Alteryx (AYX) and Zoom Communications (ZM). The companies have con...
Slack’s missteps have now made the stock a ‘buy’ at the right price
Slack Technologies is the fastest-growing software-as-a-service (SaaS) company of all time and a Silicon Valley favorite, yet the direct public offering (DPO) clearly d...
Prediction: Here’s Why Roku Will Be The Next Tech Darling
Roku’s earnings report for Q3 is scheduled on a potentially volatile trading day depending on how the broader markets react to the mid-term elections.
Can Programmatic Ads Save Spotify?
Summary:According to Q3 earnings calls, Spotify may seek to broker user data in order to keep average revenue per user afloat. Known as programmatic advertising, this m...
FuboTV Delivers Record Numbers; Fantasy and Sports Betting on Deck
According to Fubo’s recent earnings call, a free-to-play app is scheduled to launch in Q3 and a sports betting app is scheduled to launch in Q4.
Up-Close on Strategy with Lead Analyst of the I/O Fund
Recently I joined Ed Gotham from CMC markets in the Opto Sessions podcast. I discussed what tech trends will shine in the next five to ten years, how I started I/O Fund, and how we spot the right tech