5 Companies That Destroyed Shareholders This Past Week
Most companies that reported earnings last week beat or matched their estimates. This has been the case for most of this earnings season. In fact, this is perhaps the best performance by the broad markets for the month of October in the past four years. However, there still are a few companies that missed their earnings, contrary to the trend. 24/7 Wall St. has highlighted a few of them from this past week, and we have included a recent trading history, consensus targets and a 52-week trading range.
T-Mobile US Inc. (NASDAQ: TMUS) reported its third-quarter financial results early Tuesday. The company had $0.15 in earnings per share (EPS) on $7.8 billion in revenue. That compared to consensus estimates from Thomson Reuters of $0.30 in EPS on $8.29 billion in revenue. Over the course of the week, shares fell 7.3%, but initially, shares were down about 8%. The stock closed at $37.89 on Friday. It has a consensus analyst price target of $46.70 and a 52-week trading range of $24.26 to $43.43.
AbioMed Inc. (NASDAQ: ABMD) released its fiscal second-quarter earnings report Thursday morning. The company had $0.17 EPS on $76.4 million in revenue, which compared to the consensus estimates of $0.16 in EPS on revenue of $74.59 million. In the same period of the previous year, it posted EPS of $0.09 and $51.94 million in revenue. Over the week, shares fell nearly 20%, but the initial reaction had shares down 22.5%. AbioMed ended the week at $73.66. The consensus analyst price target is $107.11, and the 52-week range is $26.50 to $110.68.
GoPro Inc. (NASDAQ: GPRO) posted $0.25 EPS, and revenue totaled $400.34 million. The consensus estimates had called for $0.29 per share on $433.60 million. This company has been mired in adversity since its stock peaked just over a year ago. Questions about growth and valuation still remain unanswered, and one can see that just based on these results and the reaction to this earnings report. Last week, shares fell nearly 11%, but initially shares were down about 15%. Shares of GoPro closed at $25.00 on Friday, in a 52-week range of $24.95 to $87.50. The consensus price target is $38.47.
Twitter Inc. (NYSE: TWTR) reported its third-quarter financial results late Tuesday. The EPS of $0.10 and $569 million in revenue compared to consensus estimates of $0.05 per share and $559.59 million. Total average monthly active users (MAUs) totaled 320 million for the quarter, which was below what analysts expected and a weak sequential increase. Over the course of the week, shares fell less than 1%, but the initial reaction pushed shares down around 15%. The stock was changing hands at $28.46 at the end of the week. It has a consensus price target of $34.31 and a 52-week range of $21.01 to $53.49.
GrubHub Inc. (NYSE: GRUB) led the bears on Tuesday after it reported third-quarter financial results. The company posted $0.08 in EPS, falling short of consensus estimates of $0.14 per share. The $85.7 million in revenue reported compared to the $86.54 million expected by Wall Street. The same period from the previous year had $0.10 in EPS on $61.94 million in revenue. Over the course of the week, shares fell 20.8%, but initially shares were down about 25%. Shares of GrubHub closed at $23.98 on Friday. The consensus price target is $32.39. The 52-week trading range is $22.49 to $47.95.