The earnings season is not over yet.
This week, several hundred companies are expected to report earnings, including one of FANGMAN stocks, NVIDIA, and a few dozen investor favorites including tech companies, hotels, travel agencies and retailers that won the pandemic.
Some of these stocks sold off in 2022, with double-digit declines over the past 6 weeks.
Is this a buying opportunity in some of these favorite companies?
5 Investor Favorite Earnings Charts
1. Airbnb ABNB
Airbnb has beaten 2 of the last 4 quarters. It’s been on a wild ride since being listed as a public company at the end of 2020.
Stocks jumped, sold, jumped and sold. Airbnb is now roughly stable for 2022.
Earnings are expected to be positive in 2022 for the first time, with the Zacks Consensus looking for $1.25 per share. It would be a big turning point for Airbnb, if it happens.
Is it time to bet on Airbnb with the resumption of travel which should take place in 2022?
2. Roblox RBLX
Roblox, the online entertainment company, beat 18% last quarter, but missed the previous two quarters.
This will only be Roblox’s fourth revenue report, which was released in 2021.
Shares are down 35% year-to-date, but Roblox has no P/E as it is expected to lose $0.87 in 2021 and another $0.80 in 2022.
Is Roblox a deal with selling in 2022?
3. Shopify, Inc. STORE
Shopify just experienced its first revenue shortfall in 5 years last quarter. This ended an incredible winning streak.
Stocks have also reversed their 5-year winning trajectory, with Shopify shares falling 38% year-to-date.
It’s too early to say that Shopify stocks are cheap. They still trade at 123 times forward earnings.
Should investors jump in to buy Shopify during this sale, or will they get the cheaper shares later?
4. The Trade Desk, Inc. TTD
The Trade Desk has an astonishing track record of surprise gains. It hasn’t failed for 5 years, even during the pandemic.
It’s impressive.
But stocks still sold off in 2022, falling about 17% year-to-date.
The Trade Desk is not cheap, with a forward P/E of 79.
Should the Trade Desk be on your watchlist?
5. Crocs, Inc. CROX
Crocs have beaten 6 quarterbacks in a row and only missed 3 times in 5 years. This is a great surprise earnings record for a shoe retailer.
Crocs has been a big winner from the pandemic, with shares rising over the past 2 years. But in 2022, like many other stocks, Crocs has sold off, falling 22% year-to-date.
Unlike other hot stocks that have cooled off, however, Crocs is very cheap, with a forward P/E of just 9.8.
It’s not a value trap either, as earnings are expected to rise 23% in 2022.
Is Crocs oversold?
Zacks names ‘only one best choice for doubling up’
From thousands of stocks, 5 Zacks experts have each picked their favorite to skyrocket by +100% or more in the coming months. Of these 5, Research Director Sheraz Mian selects one to have the most explosive advantage of all.
It’s a little-known chemical company that’s up 65% year-on-year, but still very cheap. With relentless demand, rising earnings estimates for 2022 and $1.5 billion for stock buybacks, retail investors could jump in at any moment.
This company could rival or surpass other recent Zacks stocks which are expected to double, such as Boston Beer Company which jumped +143.0% in just over 9 months and NVIDIA which jumped +175.9% in one. year.
Free: See our best stock and our 4 finalists >>
Crocs, Inc. (CROX): Free Stock Analysis Report
Shopify Inc. (SHOP): Free Inventory Analysis Report
The Trade Desk (TTD): Free Stock Analysis Report
Airbnb, Inc. (ABNB): Free Inventory Analysis Report
Roblox Corporation (RBLX): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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