IMPLIED VOL HERE IS STRONG! YES! THEY BEAT!!!! Nine Energy Service (NINE) Beats Q3 Earnings and Revenue Estimates
NICE!- Excellent. --- NINE --- Nine Energy Service (NINE) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to loss of $0.51 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 137.50%. A quarter ago, it was expected that this oilfield services company would post a loss of $0.02 per share when it actually produced a loss of $0.01, delivering a surprise of 50%.
Wow have you heard about Mattress Mack-- Jim “Mattress Mack” McIngvale won what is believed to be the largest payout in sports betting history, about $75M, as the Houston Astros clinched the World Series with a 4-1 victory over the Philadelphia Phillies in Game 6 this past weekend. Afterward, CBRE Equity Research analyst John DeCree noted that multiple companies cited wagers from Mattress Mack on the Astros on third quarter earnings calls, with Penn Entertainment (PENN) going so far as to call out the outcome of the Astros as being the determinant between breakeven and profit in their digital segment in the fourth quarter. BET ON ASTROS:The Texas furniture store owner placed a $3M bet on the Astros to win the title at 10-1 odds on Caesars (CZR) Sportsbook’s mobile app. While that was his largest single bet, Jim “Mattress Mack” McIngvale also placed approximately $7M more in bets on the team over the summer at various sportsbooks. According toESPN, McIngvale uses the betting market to mitigate risk on promotions at his Gallery Furniture store that are based on the winner of big sporting events. Sportsbooks Betfred took a $1M bet on the Astros from McIngvale in Iowa. $75M TO HIT SPORTSBOOKS IN Q4:Commenting on Mattress Mack's big win, CBRE Equity Research analyst John DeCree highlighted that while the furniture empresario placed bets across various sportsbooks to accommodate the $10M in wagers placed, Caesars Sportsbook was the primary platform, taking a $3M wager at 10-to-1 odds to pay out $30M. Caesars' payout to Mack is the largest legal sportsbook win in the U.S., the analyst noted. Secondary books also have obligations. U.K.-based sportsbook Betfred took a $1M bet at 5-to-1 odds in their Iowa online sportsbook, totaling a payout of $5M, “significantly larger” than any bet the company has taken since launching in the U.S. Both Penn Entertainment and BetMGM (MGM) are estimated to have taken about $2M wagers from Mack with $10M payouts, followed by several other sportsbooks, including Wynn Interactive (WYNN) on the hook for $5M on a $1M bet, DeCree wrote.
FOUR THE PRESENTATION HAS STARTED... I CAN'T TELL GOOD OR BAD? Shift4 Payments sees FY22 gross revenue $1.95B-$2B, consensus $2.01B 10:47 FOUR Sees FY22 gross revenue less network fee $720M-$725M, with end-to-end payment volume $70B-$71B, and adjusted EBITDA $275M-$280M. Raises FY adjusted free cash flow outlook to $130M+ vs. prior outlook of $100M+. Comments taken from investor presentation slides.
PRAY FOR META! GBA UPGRADE FACEBOOK. $93 was the bottom on meta<----- You have to think. Down 80% is this the end of tech as we know it or not? Quite simply it has to go up or we are all SCREWED
Meta Platforms, Inc. (META) NasdaqGS - NasdaqGS Real Time Price. 96.18+5.39(+5.94%) As of 11:31AM EST.
This could go either way we will keep a tight reign on this. In general I PREDICT a separation in tech with companies like this thriving due to growth. But the environment is so hostile to tech right now this may be a difficult argument to make-- CORRECTION-> the company hosts an investor day at 1 p.m. ET today.> "FOUR introduced medium-term outlooks through 2024," Togut said. That included $160 billion in end-to-end volumes with at least 50% compound annual growth rate. There was also $3.5 billion in gross revenue and $1.15 billion in gross revenues, less network fees, with at least 30% compound annual growth, he added. Goldman Sachs analyst Will Nance said in his note to clients: "Shift4's guidance implies roughly 4% higher net revenue (however with volume roughly in line and gross revenues below the street)." He added: "Thus while we believe today's results are encouraging, we think (FOUR stock) performance will come down to the commentary on the earnings call and any forward looking comments into 2023."