JUMP REPORT
Avg Daily Volume: 1,553,085 Market Cap: 18.24B
Sector: Services Short Interest: 10.69
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 1.67/share REV: 3,120/M
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LAST QTR: EPS: -.38/share ACTUAL: -.27/share (BEAT)
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NEXT QTR: EPS: 3.98/share REV: 3,580/M
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FULL YR: EPS: 6.92/share REV: 12,110/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 47% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -4.07, 5.67, 6.69
POTENTIAL JUMP MOVE: 8%
Links To Latest News and Headlines
(Bloomberg) — Barry Diller’s IAC/InterActive Corp. said its video software company Vimeo is valued at about $6 billion after a recent funding round, nearly doubling the valuation before the unit is scheduled to be spun off early in the second quarter.Vimeo raised $300 million from T. Rowe Price Group Inc. and Oberndorf Enterprises LLC, the company said in a statement Monday. The investment follows a $150 million equity round in November, when IAC said it planned to spin Vimeo off into a separately traded company.The new capital will be used to accelerate investment into growth, innovation and talent, the company said.“As the world embraces video like never before, Vimeo is in an incredibly strong position,” Chief Executive Officer Anjali Sud said in the statement.Video services such as Vimeo have benefited during the pandemic as more businesses and people are turning to the medium to communicate and conduct business while working from home. Vimeo’s cloud-based video software has more than 200 million users, including companies like Amazon.com Inc., Starbucks Corp., and Deloitte LLP. In December, Vimeo said revenue increased 57% year-over-year, it’s highest growth rate in 2020.If completed, Vimeo will be the eleventh public company spun off from IAC, joining Match Group, Expedia, and Lending Tree.IAC will release fourth quarter earnings, including Vimeo, on Feb. 3.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The initial public offering has given investors a reason to take a fresh look at Airbnb’s rivals—online travel agencies.
Wells Fargo analyst Brian Fitzgerald upgraded shares of Expedia Group Inc. to overweight from equal weight Friday, writing that the strong debut for Airbnb Inc. highlights considerable interest in the home-rental segment and offers a chance for Expedia to unlock more value for Vrbo, its own home-rental platform. “We believe that 1) a return to more transparent disclosure of Vrbo’s financial performance, 2) efforts to further increase monetization, and/or 3) a Vrbo IPO (taking a page from the IAC/EXPE playbook) could represent significant value drivers for EXPE stock,” he wrote in a note to clients. Fitzgerald argued that “some discount is appropriate vs. ABNB given the latter’s strong, global brand and massive host footprint” though he said that Vrbo also deserves a premium multiple. He said that the slower-than-expected pace of the vaccine rollout could benefit Vrbo over the summer, making whole-home rentals seem more attractive. Expedia shares have gained 50% over the past three months as the S&P 500 has risen 12%.
Willy Walker, the chief executive and chairman of commercial real estate financing company Walker & Dunlop (WD), said he believes business travel will come roaring back soon, and it will be a bandwagon effect.
2021 will be the year to hit the road and names like Expedia, JetBlue and Choice Hotels are setting up for a strong year in the stock market.
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