Investing

Earnings Previews: Kandi, Marriott, Tyson Foods, Yalla

Marriott analysts expect March quarter earnings per share (EPS) of $0.03, far below the year-ago total of $0.49. Revenue is forecast to be down nearly 50% year over year at $2.36 billion. For the full year, EPS is forecast at $1.98 on sales of $13.1 billion, both estimates sharply higher than 2020 totals.

At the current price, Marriott shares trade at about 71.0 times expected 2021 EPS, 67.9 times estimated 2022 earnings and 30.7 times estimated 2023 earnings. The stock’s 52-week trading range is $71.52 to $159.98. The company suspended its dividend last year. The average daily trading volume is 2.5 million shares.

Tyson Foods

Meat producer Tyson Foods Inc. (NYSE: TSN) saw its shares decline by more than 27% in 2020. Since posting a recent low in early November, however, the stock is up nearly 40%. Earlier this week, Tyson added a vegan burger to its Raised & Rooted label, which will now indicate only plant-based foods. The company hopes the new labeling scheme will help make a dent in the market shares of Beyond Meat and Impossible Foods.

Analysts are mostly bullish on the stock, with 11 of 16 brokerages rating the stock at Buy or Strong Buy. At a price of around $78.25, the potential upside to a consensus price target of $79.91 is just 2.1%. At the high target of $85, upside potential rises to 8.6%.

For the March quarter, analysts expect Tyson to report EPS of $1.12, up 45% year over year, on revenue of $11.19 billion, up 2.7%. For the full fiscal year, the forecast calls for EPS of $5.88, a gain of 1.7% year over year, on revenue of $43.88 billion, or 1.6% higher.

Tyson stock trades at 13.4 times expected 2021 EPS, 12.2 times estimated 2022 earnings and 10.9 times estimated 2023 earnings. The 52-week trading range is $55.28 to $79.77, and Tyson pays an annual dividend of $1.78 (yield of 2.29%). The average daily trading volume is 2.1 million shares.

Yalla

Yalla Group Ltd. (NYSE: YALA) is a voice-centric social networking and entertainment platform based in Dubai. According to a report in the Financial Times, monthly users of the app increased by a factor of five last year. The share price has increased by 181% since the late September initial public offering, even though the stock had pulled back from a gain of nearly 500% by mid-February.

The company gets scant coverage, with just three ratings, two of which are Buy and Strong Buy. The shares trade at around $19.90, implying a potential upside of 39% to the consensus price target of $27.67. At the high target of $30, the upside potential is about 51%.

March quarter EPS is forecast to come in at $0.20 on revenue of $77.11 million. For the full year, analysts expect EPS of $0.94 on sales of $272.83 million.

Shares trade at 21.1 times expected 2021 EPS and 13.2 times expected 2022 earnings. The stock’s post-IPO range is $6.26 to $41.35. The average daily trading volume is 2.3 million shares.

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