In today’s briefing:
- ARM Holdings Pre-IPO – Peer Comparison – The Smallest and One of the Slowest
- Elastic: Blowout 1QFY24 Earnings. Shares Popped ~20% On Heavy Volume
- Deere & Company: Can The Smart Apply Acquisition Prove To Be A Real Growth Catalyst? – Major Drivers
- The Estée Lauder Companies Inc.: Does It Still Have A Strong Competitive Positioning In The Prestige Beauty Market? – Key Drivers
- Ross Stores Inc.: Continued Addition Of New Locations Boosting Growth! – Major Drivers
- Tapestry Inc.: The $8.5 Billion Capri Holdings Acquisition Can Be A Real Game Changer! – Major Drivers
- Applied Materials Inc.: Is The Recent Uptick In Financials Enough To Warrant A ‘Buy’ Rating? – Major Drivers
- Walmart Inc.: The Flipkart Stake Augmentation Can Keep Driving E-Commerce Synergies! – Key Drivers
- BILL Holdings Inc.: What Are The 3 Biggest Growth Drivers Of This Fintech Major? – Financial Forecasts
ARM Holdings Pre-IPO – Peer Comparison – The Smallest and One of the Slowest
- Softbank Group (9984 JP) aims to raise around US$8-10bn via selling some of its stake in ARM Holdings’ US IPO.
- ARM develops and licences high-performance, low-cost, and energy-efficient CPU products and related technology, which is used by semiconductor companies and OEMs to develop their own products.
- In our earlier note, we looked at Arm’s past performance. In this note, we undertake a peer comparison.
Elastic: Blowout 1QFY24 Earnings. Shares Popped ~20% On Heavy Volume
- Elastic NV (ESTC US) delivered a high quality beat and raise and reported a modest upside to revenue and profitability. The start of the fiscal year looked strong.
- The leading provider of search engine for enterprises and SMBs guided FY24 ahead of consensus estimates. I reiterate our Overweight rating on ESTC.
- The 1Q print was outstanding, with +17% y/y revenue growth, a record non-GAAP Op Margin of ~10% and FCF margin of ~13%.
Deere & Company: Can The Smart Apply Acquisition Prove To Be A Real Growth Catalyst? – Major Drivers
- Deere & Company delivered a solid result and managed an all-around beat in the last quarter.
- Deere & Company demonstrated resilience amid healthy agricultural fundamentals, maintaining a whole order book and positive customer sentiment that drove a solid close to fiscal year 2023.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
The Estée Lauder Companies Inc.: Does It Still Have A Strong Competitive Positioning In The Prestige Beauty Market? – Key Drivers
- The Estée Lauder Companies Inc. delivered a mixed set of results in the quarter, with revenues above market expectations.
- Estée Lauder produced a 4% rise in organic revenue, returning to growth for the quarter as predicted.
- Despite challenges, Estée Lauder Companies grew in the EMEA and Asia Pacific markets, compensating for the decline in organic sales.
Ross Stores Inc.: Continued Addition Of New Locations Boosting Growth! – Major Drivers
- Ross Stores Inc. delivered a positive result and managed an all-around beat last quarter, with a 5% increase in comparable store sales primarily attributed to heightened customer traffic.
- Despite remaining cautious due to ongoing challenges in the economic landscape, Ross Stores raised its outlook for the second half of the year, indicating an upward trend in comparable store sales for the upcoming quarters.
- This resilient approach and the company’s strategic planning position Ross Stores for continued growth and success in the retail industry.
Tapestry Inc.: The $8.5 Billion Capri Holdings Acquisition Can Be A Real Game Changer! – Major Drivers
- Tapestry has been in the news for its $8.5 billion acquisition of Capri Holdings.
- Meanwhile, we delivered a disappointing set of results as the company was unable to meet the revenue and earnings expectations of Wall Street.
- Tapestry achieved remarkable and strategic progress, showcasing robust brand-building strategies, consumer-centric approaches, and effective execution, resulting in significant earnings per share.
Applied Materials Inc.: Is The Recent Uptick In Financials Enough To Warrant A ‘Buy’ Rating? – Major Drivers
- Applied Materials delivered an all-around beat in the most recent quarterly result.
- Applied Materials’s strategic focus on the IoT AI era yielded substantial growth and innovation within the semiconductor industry.
- This transition aligns with Applied’s strengths in materials engineering and allows the company to offer comprehensive solutions to manage complexity.
Walmart Inc.: The Flipkart Stake Augmentation Can Keep Driving E-Commerce Synergies! – Key Drivers
- Walmart delivered a strong result and managed an all-around beat last quarter.
- The company continued gaining market share across various formats and markets, achieving positive growth in units sold and transaction counts.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
BILL Holdings Inc.: What Are The 3 Biggest Growth Drivers Of This Fintech Major? – Financial Forecasts
- BILL Holdings Inc. managed to exceed analyst expectations in terms of revenue and earnings.
- The company demonstrated robust growth in total revenue and core revenue, reflecting the success of its various services.
- In the fourth quarter, BILL Holdings continued to exhibit impressive growth, reporting a significant increase in total revenue and attaining non-GAAP net income.
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