LionTree reposted this
Earnings season left as quickly as it came, and what remained abundantly clear within our LionTree TMT/Consumer Universe of ~150 stocks with $1bn+ mkt cap is that companies pushed the pedal a lot harder on profitability than Wall Street was expecting. This was deja vue from Q1 results as well. More specifically, the vast majority of companies that report adj. EBITDA beat consensus expectations, and a huge 45% of those beat by over 10%+. In contrast, only 3% of all companies beat sales estimates by over 10%+. These are just a few of the several key takeaways from our analysis of Q2 earnings season which we dove into this past Friday in our LT Weekly Top TMT Themes Report – see below for the full list of themes and you can request access to future reports here: LionTree.com/ltweekly - Earnings Wrap: Companies Are Still Pushing Hard On The Bottom Line - The NFL Isn’t The Only Big Sports Game In Town… The Paris Olympics Hits Record Viewership - Investor Positioning…AT&T, Meta, & Liberty Global Are Hedge Fund “Hot Stocks” - China Tech Contends With Weakening Domestic Spending Trends - Grab-Bag: DraftKings Reverses Course On Surcharges/Another Suitor Reportedly Emerges For Paramount/Venu’s Launch Was Blocked By A Judge #TMTEarnings #LTWeekly