Pre-Open Stock Movers 05/13: Affirm Surges on Earnings, Robinhood on SBF Stake; Twitter Sinks as Musk Puts Deal on Hold (more...)

May 13, 2022 9:08 AM EDT

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Pre-Open Stock Movers:

Affirm Holdings (NASDAQ: AFRM) 38% HIGHER; reported Q3 EPS of ($0.19), $0.34 better than the analyst estimate of ($0.53). Revenue for the quarter came in at $354.8 million versus the consensus estimate of $344.03 million. Gross Merchandise Volume (GMV) Increases 73% to $3.9 billion and Total Revenue Grows by 54% Year over Year to $354.8 million. Affirm Holdings sees Q4 2022 revenue of $345-355 million, versus the consensus of $251.9 million. Affirm Holdings sees FY2022 revenue of $1.33-1.34 billion, versus the consensus of $1.33 billion.

FIGS (NYSE: FIGS) 25% LOWER; reported Q1 EPS of $0.05, $0.01 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $110.1 million versus the consensus estimate of $116.92 million. FIGS sees FY2022 revenue of $510-530 million, versus the consensus of $556.5 million

Robinhood (NASDAQ: HOOD) 21% HIGHER; FTX founder Sam Bankman-Fried takes a 7.6% stake.

Duolingo (NASDAQ: DUOL) 17% HIGHER; reported Q1 EPS of ($0.31), $0.26 better than the analyst estimate of ($0.57). Revenue for the quarter came in at $81.2 million versus the consensus estimate of $77.44 million. Duoling sees Q2 2022 revenue of $84-87 million, versus the consensus of $81.4 million. Duoling sees FY2022 revenue of $349-358 million, versus the consensus of $339 million.

Coinbase Global, Inc. (NASDAQ: COIN) 14% HIGHER; continues to bounce from massive sell-off.

Endeavor Group Holdings Inc. (NYSE: EDR) 12% HIGHER; reported Q1 EPS of $1.16, $0.76 better than the analyst estimate of $0.40. Revenue for the quarter came in at $1.47 billion versus the consensus estimate of $1.33 billion. Endeavor Group Holdings Inc. sees FY2022 revenue of $5.235-5.475 billion, versus the consensus of $5.3 billion. Adjusted EBITDA is expected to be between $1.1 billion and $1.15 billion.

Twitter (NYSE: TWTR) 12% LOWER; Elon Musk, who agreed to take the company private in a $44 billion deal, said the deal is “temporarily on hold.

Toast (NYSE: TOST) 11% HIGHER; reported Q1 EPS of ($0.20), which may not compare to the analyst estimate of ($0.13). Revenue for the quarter came in at $535 million versus the consensus estimate of $490.15 million. Toast sees Q2 2022 revenue of $635-665 million, versus the consensus of $570.73 million. Toast sees FY2022 revenue of $2.5-2.55 million, versus the consensus of $2.38 million.

New Relic (NYSE: NEWR) 9% LOWER; reported Q4 EPS of ($0.24), $0.03 worse than the analyst estimate of ($0.21). Revenue for the quarter came in at $206 million versus the consensus estimate of $204.52 million. New Relic sees Q1 2023 EPS of ($0.35)-($0.38), versus the consensus of ($0.08). New Relic sees Q1 2023 revenue of $212-214 million, versus the consensus of $211.3 million. New Relic sees FY2023 EPS of ($0.31)-($0.37), versus the consensus of $0.10. New Relic sees FY2023 revenue of $920-930 million, versus the consensus of $914 million.

Tesla, Inc. (NASDAQ: TSLA) 7% HIGHER; Bounces as Musk places Twitter deal on hold.



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