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$DATA 2018-08-14 : Transcripts- Edited Transcript of DATA earnings conference call

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Q2 2018 Tableau Software Inc Earnings Call

Seattle Aug 15, 2018 (Thomson StreetEvents) — Edited Transcript of Tableau Software Inc earnings conference call or presentation Thursday, August 2, 2018 at 8:30:00pm GMT

TEXT version of Transcript

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$DATA 2018-08-02 : Transcripts- DATA Edited Transcript of DATA earnings conference call

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Q2 2018 Tableau Software Inc Earnings Call

Seattle Aug 3, 2018 (Thomson StreetEvents) — Edited Transcript of Tableau Software Inc earnings conference call or presentation Thursday, August 2, 2018 at 8:30:00pm GMT

TEXT version of Transcript

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Electronic Arts (EA): Electronic Arts started the year on a hot streak thanks to the overwhelming success of Star Wars: Battlefront. That has since cooled off and Electronic Arts is coming off a weaker than expected FQ1 2017 printing a 53% decline on the bottom line and 2% on the top. The second quarter unfortunately doesn’t fully cover the annual release of FIFA and Madden video games. These games are often two of  highest grossing games year after year and typically carry quarterly results, but investors will have to wait until the third quarter

Meanwhile, smartphone owners can expect to see new versions of FIFA, Madden and even a Star Wars based game. This is a new facet that Electronic Arts had previously never recognized but is now a huge source of revenue. The biggest factor, however, is growth in digital sales and in-game purchases. This new wave of digital offerings are not only convenient they also generate the highest margins. If Electronic Arts can continue to see strong growth in digital offerings then expect to see more favorable price movement.

Gilead Sciences (GILD): Gilead’s rise and now fall have come at the hands of its hepatitis C franchise, which includes Harvoni, Sovaldi and the recently launched Epclusa. The treatments were primarily credited with its double digit gains in 2014-15 and are now being blamed for negative growth in fiscal 2016. In the second quarter, the group of drugs recorded a 18.5% decline primarily due to lower sales of Harvoni. Harvoni sales were down a resounding 29% as new competition, mainly from Merck, seize its market share. Weak performance from the Hep C franchise was not only disappointing in the U.S. but Europe as well.

This sharp downturn caused management to cuts its outlook for the year in the range of $29.5 to $30.5 billion from $30-31 billion. Nevertheless some of these losses should be somewhat offset by its growing HIV business which includes a handful of already established treatments. Also, a robust pipeline positions Gilead for an easy bounceback in the near future. Setbacks from HCV will nonetheless be the primary talking point from this quarterly report.

Tableau (DATA): Win or lose, shares of Tableau have struggled this year. The stock is down 43% in the past 12 months due to an ongoing slowdown on both the top and bottom line. Analysts are projecting this slump to continue in the quarter to be reported. Earnings are forecasted to drop 42% with sales expected to jump 25%, on weaker demand for its business analytics tools. Microsoft has been aggressively divesting its comparable Business Intelligence tools which is a bad sign for Tableau moving forward. Some of this might be offset from its offering in the hybrid data architecture platform and a number of marketing campaigns to boost sales.

Square (SQ): Jack Dorsey may not have figured out a solution for Twitter’s woes but he certainly got Square right thus far. Square is coming off consecutive earnings and revenue beats as it inches closer to profitability. The second quarter, in particular, delivered strong core payments on a 42% increase in gross payment volume. This comes along with continued traction in its chip readers and a catalogue of new software and services. Square is seeing similar success with Square Capital which grew 23% sequentially and 123% YoY during the second quarter. Ongoing progress in the overall mobile payments space bodes well for the outlook of Square.

United States Steel (X): United States Steel has been one of the best performing stocks this year. Shares are up about 140% in 2016 on the back of improving quarterly reports. Analysts are optimistic the company can return to profitability in the upcoming report after years of taking a loss. The largest drivers of its recent success has been improving steel prices, a more efficient cost structure and a solid performance from its European segment. These fundamental changes have led to a broader bounceback in the steel industry which is just starting to hit its stride.

This is an update to our latest model portfolio report, 28 Stocks for October 2016.

MPLX LP (MPLX) was assumed closed at the end of trading today for a theoretical short sale gain of +10.48%.

Tableau Software, Inc. (DATA), Sinclair Broadcast Group Inc. (SBGI) and The Blackstone Group (BX) hit a short sale price target today, and will be assumed closed at the end of trading tomorrow.

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Each week Forcerank runs a variety of games covering different industries. What we have found, is that the lowest ranked companies in their respective games deliver the biggest negative price movement and vice versa for those in the top position. This week we look at a list of companies that are consistently at the bottom of their respective games. They include McDonald’s, Analog Devices, Tableau, Fitbit and Wells Fargo.

McDonald’s (MCD) | Restaurants: Its undeniable that McDonald’s has been surging since Steve Easterbrook assumed the position of CEO in mid 2015. But now the Golden Arches appears to be hitting its first roadblock. Shares have trended down since a bearish crossover in the MACD at the end of September. The company is now the worst ranked stock in the restaurant contest with an average user rank of 6.27. McDonald’s continues to face stiff competition from alternative fast food chains and healthy alternatives. Investors are hoping a strong earnings report in a few weeks can turn things around but early expectations would suggest otherwise.

Analog Devices (ADI) | Semiconductor: The second week of the semiconductor contest featured a huge shakeup from top to bottom, but one thing remained consistent: Analog Devices was the worst ranked company. This pessimism towards the stock is contrary to how it has been trending lately. Shares are up 10% year to date and about 2% in the past 30 days. In the past 3 months the stock has received an equal amount of upgrades and downgrades from firms like Goldman and Bank of America. Its widely believed that the semiconductor space is overbought with a broader pullback on the horizon. Analog will just be one of the many victims, based on its charts,  when this occurs even if doesn’t appear to be right now.

Tableau (DATA) | Small/Mid Enterprise Software: Tableau is consistently one of the worst ranked stocks and it only appears to be getting worse. Average user rankings fell from 6.2 last week to 7.67, signaling more troubles on the horizon. The company has been unable to right the ship since its abysmal Q4 2015 that cut the stock in half. Shares are down 48% year to date and appear to be trending lower. A bearish crossover in the MACD that's already in negative territory along with sluggish volume are typically concerning for investors. Meanwhile the company has received a number of downgrades over the past few months citing issues with slowing revenue growth.

Fitbit (FIT) | Hardware: Fitbit has been a difficult company to pin down in recent months. Its early woes following its 2015 IPO have diminished slightly, but that doesn’t mean they aren’t prone to near term headwinds. The wearable company was downgraded by the Forcerank consensus after a lackluster start to October. Shares dropped 5% last week and were downgraded to Underweight by Pacific Crest the week prior. Many widely followed technical have all trended down in the past few weeks and its volume profile suggests the stock should drop further.

Wells Fargo (WFC) | Financials: Wells Fargo’s situation is only about to get worse after its third quarter report this Friday. The company was recently caught in a multi-year scandal in which they were creating millions of fake accounts without customer authorization. Wells Fargo agreed with regulators to a miniscule $185 million fine but most of the damage has been to it's reputation. Wells Fargo was a trusted bank best known for handling mortgages and loans across its vast customer base. Clearly its trustworthiness has quickly disappeared and soon will its customers. Congress is calling for John Stumpf to step down as CEO and Chairman while some states are halting business with Wells Fargo. The stock has been downgraded multiple times in the past few weeks and expectations are that earnings will start to edge down as well. Shares are down 16% year to date and should fall even following its earnings report.

Tired of losing money? Click Here to play next week’s contests and access the highly predictive consensus rankings Monday morning.

Photo Credit: Andri Koolme

Each week Forcerank runs a variety of games covering different industries. What we have found, is that the lowest ranked companies in their respective games deliver the biggest negative price movement and vice versa for those in the top position. This week we look at a list of companies that have seen the largest decline in consensus and average user rankings. They include American Airlines , Tableau, Morgan Stanley, Twitter and Applied Materials.

American Airlines (AAL) | Airlines: American Airlines had one of the biggest drops this past week. The airliner was previously the second highest ranked company in the Airlines contest but has since dropped to the bottom. This wasn’t driven by any one specific piece of news but a culmination of events. At the end of September, Raymond James downgraded the stock from outperform to market perform. This was the third downgrade in just the past 3 months. Over this same time period, 3 new gaps formed that haven’t been filled. Conventional wisdom claims those need to be filled before the stock can breakout higher. American Airlines is also scheduled to report its third quarter earnings next week with expectations at a historic low.

Tableau (DATA) | Small/Mid Enterprise Software: Tableau is consistently one of the worst ranked stocks and it only appears to be getting worse. Average user rankings fell  to 7.67 from 6.2 last week, signaling more troubles on the horizon. The company has been unable to right the ship since its abysmal Q4 2015 that cut the stock in half. Shares are down 46% year to date and appear to be trending lower. A bearish crossover in the MACD that's already in negative territory along with sluggish volume are typically concerning for investors. Meanwhile the company has received a number of downgrades over the past few months citing issues with slowing revenue growth.

Morgan Stanley (MS) | Investment Banks: Morgan Stanley’s decline this week isn’t as pronounced as the rest of the companies on this list. Average user rank fell to 5.48 from 4.59, making it the 5th best stock in the financials game. Shares have thrived since hitting a 52 week low in mid May. The bank is scheduled to report earnings next week with lofty expectations of delivering a beat. While it appears as though the company is trending in the right direction, there is still reason to proceed with caution. Last week Sandler O’Neill downgraded the stock from buy to hold. Meanwhile there are 5 gaps below its current trading price that haven’t been filled. There is reason to believe that those will be filled before edging up.

Twitter (TWTR) | Social Media: Twitter’s recent downturn has been largely news driven. Last week it was revealed that Disney, Microsoft and Google were no longer interested in making a bid for the social network, leaving Salesforce as the sole suitor. Salesforce’s camp is apprehensive about making a bid as shareholders resist the potential takeover. Shares dropped from $25 per share to about $18, essentially wiping out the past week’s gains in a matter of days. Twitter’s only hope now is that a takeover occurs or they return to profitability with the former seeming more likely. The social network dropped from the top position to 5 this week, along with a steep decline in average user ranks.

Applied Materials (AMAT) | Semiconductors: Many believe that this year’s surge in the semiconductor industry is on the verge of a reversal. Applied Materials are amongst the biggest gainers in the sector that is due for a pullback. Shares are up 55% year to date and 85% in the past 12 months. A bearish crossover in the MACD at the beginning of September was the first step towards a edging down. Shares are down nearly $1 since then and appears to be heading towards the gap at $27. Firms still continue to hold a buy rating on the stock with an average price rating well above its current trading price. If Applied Materials can deliver a strong report this earnings season, as they typically do, then don’t expect this downturn to last long.

Tired of losing money? Click Here to play next week’s contests and access the highly predictive consensus rankings Monday morning.

Photo Credit: via Richard Goodwin

Each week Forcerank runs a variety of games covering different industries. What we have found, is that the lowest ranked companies in their respective games deliver the biggest negative price movement  for that week. This week the losers include Viacom, Wells Fargo, Tableau, Groupon, and Coach

Viacom Inc (VIAB) | Media: After coming off a legal battle that lasted virtually the whole summer, Viacom continues to make headlines. Now the media conglomerate is believed to no longer be interested in selling the underperforming Paramount Pictures. Shares are already down 10% this year and new downgrades could extend those losses even further. The most recent coming from Stifel which downgraded the stock from buy to hold citing concerns over Paramount. Closely watched technical indicators like on balance volume and MACD support this current trend down.

Wells Fargo (WFC) | Financials: Wells Fargo is still in the midst of its fake account scandal that will surely not be forgotten in the near future. The company’s CEO was ordered to testify on Capitol Hill in regards to his involvement, or lack thereof, in the scandal.  At the testimony, Stumpf openly denied that this was an orchestrated act by management and apologized to all those who were impacted. It’s often the case that a company’s stock performs poorly when its CEO is interrogated by the Senate. Sometimes no news is good news.

Tableau (DATA) | Enterprise Software (Small/Mid): Shares are down 43% year to date thanks to a weak fourth quarter that cut the stock by 25%. Since then, shares have largely traded sideways with recent earnings reports failing to shine new light. Adding to its woes, the stock has become victim to a slew of downgrades. In the past few months, RBC Capital, DA Davidson and Deutsche Bank all downgraded the stock. More recently the company gave a bearish crossover when share prices dipped below its 50 day moving average.

VMware (VMW) | Most Heavily Shorted: VMware was the worst ranked stock in the two games it was featured in this week: most heavily shorted and large enterprise software. Shares are down 8.4% in the past 12 months driven by an ongoing slowdown in revenue growth. Meanwhile the company’s chart doesn’t do them any justice. There are multiple gaps below its current trading price that still need to be filled. Additionally negative OBV and declining MACD support a downturn on the horizon.

Coach (COH) | Apparel: Coach shares are down nearly 11% in the past month with abysmal fourth quarter earnings largely to blame for the downturn. Just last week the stock was downgraded by Morgan Stanley to Underweight from Equal Weight. Luxury brands like Coach haven’t translated well in this current retail environment where discounters are king. Frequent discounts and growing outlet stores have kept sales afloat but have severely hampered margins. Meanwhile a bearish crossover of its 200 day average above its 20 day average is sign of near term weakness. The saving grace in Coach’s freefall is that it appears to be oversold, which means a reversal could be on the horizon.  

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