This piece contains a brief Hims earnings snapshot, a Mercado Libre earnings review & a Palantir earnings review. The Hims review (with far more detail) will come tomorrow with a Lemonade review. At first glance, the Hims quarter looks like a weaker performance than they’ve delivered in a while. Not terrible and also not as good as we’ve grown to expect from them. As most of you know, I’m not a bull here, but I need to read the transcript and letter before commenting further. Stay tuned.
In case you missed it:
- Amazon & Microsoft Earnings Reviews
- Meta & Robinhood Earnings Reviews
- SoFi & PayPal Earnings Reviews
- Alphabet & Tesla Earnings Reviews.
- Chipotle Earnings Review.
- ServiceNow Earnings Review.
- Netflix & Taiwan Semi Earnings Reviews.
- Starbucks & Apple Earnings Reviews.
- Current Nerd Portfolio & Performance.
Table of Contents
- 1. Hims (HIMS) — Earnings Snapshot
- 2. Mercado Libre (MELI) — Earnings Review
- 3. Palantir (PLTR) — Earnings Review
1. Hims (HIMS) — Earnings Snapshot
a. Demand
- Missed revenue estimates by 1.3% but beat guidance by 0.9%.
- Missed subscriber estimates by 2.5%.
- Missed revenue per subscriber estimates by 1.4%.
b. Profits & Margins
- Beat GAAP GPM estimates by 60 basis points (bps; 1 basis point = 0.01%).
- Beat EBITDA estimates by 14.1% & beat guidance by 17.4%.
- Beat $0.16 EPS estimates by a penny.
c. Balance Sheet
- $1.12B in cash & equivalents.
- $969M in senior notes.
- 9.3% Y/Y share dilution.
d. Guidance & Valuation
- Reiterated annual revenue guide, which met estimates.
- Reiterated annual EBITDA guide, which missed estimate by 1.3%.
- Q3 revenue guide slightly missed estimates.
- Q3 EBITDA guide missed estimates by 14.5%.
Hims trades for 58x forward EPS. EPS is expected to grow by 32% this year and by 43% next year. Estimates should be stable following the annual guidance reiteration.