Dow Jones futures edged lower Thursday morning, along with S&P 500 futures and Nasdaq futures. Square (SQ), Monster Beverage (MNST), Alteryx (AYX), Ansys (ANSS) and Box (Box) reported earnings after the close. Square stock, Alteryx stock and Box stock tumbled late on guidance, while Monster Beverage stock looked set for a breakout and Ansys stock gapped higher.
Square stock and Ansys stock have 95 IBD Composite Ratings out of 99. Monster Beverage has a 92 CR. Alteryx, which is nearing profitability, has an 89 Composite Rating. Box stock, which is just turning profitable, has an 80 Composite Rating.
Dow Jones Futures Today
Dow Jones futures were just below fair value. S&P 500 futures fell a fraction vs. break-even. Nasdaq 100 futures dipped 0.2%. Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular session.
Square Earnings Jump; Mixed Guidance Sinks Square Stock
Square earnings rose 75% to 14 cents a share adjusted in Q4. Revenue jumped 64% to $464 million. Analysts expected Square earnings of 13 cents on sales of $454 million.
The digital payments leader sees Q1 EPS of 6 to 8 cents, but analysts forecast Square earnings of 12 cents. For the full year, Square’s earnings guidance for 2019 was strong and its revenue target was roughly in line, while its EBITDA projection was a little light.
Square stock fell 6.7% in overnight trading. Shares rose Wednesday to their best level since Nov. 7. Square stock has been slowly building the right side of what is shaping up to be a cup base. The base is 51% deep. Breakouts from consolidations that are more than 40% deep are less likely to succeed.
The relative strength line for Square stock rallied somewhat after Christmas, but has been going sideways for the past month, well below the old high. The RS line tracks a stock’s performance vs. the S&P 500 index.
Monster Beverage Earnings Signal Monster Stock Breakout
Monster Beverage earnings rose 2% to 43 cents a share as revenue grew 14% to $924.2 million, with energy drink sales up 16% to $853 million. Analysts expected Monster Beverage earnings of 40 cents with revenue at $901.15 million.
The company also announced a $500 million buyback.
Monster Beverage stock jumped 7% to 62.93 om extended trade, signaling a move into a buy zone. Monster Beverage is in a double-bottom base with a 60.43 buy point.
Alteryx lost 1 cent a share, a penny better than views. Revenue swelled 57% to $60.5 million. That topped estimates for $57.59 million, even after the database software maker gave preliminary sales figures last month.
Alteryx sees a wider-than-expected loss in Q1. But its Q1 revenue target and its full-year EPS and sales views are well above Wall Street’s consensus.
Alteryx stock fell 7.3% in volatile action. Shares rose 3.1% to 79.37 Wednesday, hitting a record high. The stock is extended from a 67.50 buy point. On Tuesday, Alteryx stock popped 3.9% as Citigroup forecast bullish 2019 revenue guidance.
The RS line is at record highs and has been moving higher for the past four months.
Meanwhile, another database software name that’s narrowing losses and growing fast, Elastic (ESTC), reported better-than-expected fiscal Q3 results. Elastic stock, which came public at 36 in early October, also gave upbeat Q4 guidance. But shares fell sharply late.
Box earnings came in at 6 cents a share, reversing a year-earlier loss of 6 cents. Analysts expected Box earnings of 2 cents. Revenue climbed to $163.7 million, just missing. And the data storage and business collaboration software firm gave weak guidance.
Box stock plunged 24% in late trade. That’s after shares in the regular session rose 2.3% to 24.90, closing just above a 24.89 cup-with-handle buy point.
Ansys earnings shot up to $2.13 a share while revenue grew 38% to $418 million. Those were the best profit and sales gains in years and crushed analyst estimates.
One of several design software stocks doing well, Ansys guided low for Q1 but up for 2019.
Ansys stock rose 4% late. Shares had closed up 1.1% to 176.83 in regular trading. On a weekly chart, Ansys stock has a 190.55 cup entry.
YOU ALSO MIGHT LIKE: