Vivint Smart Home Reported Impressive Earnings and Walmart Upcoming Earnings
Vivint Smart Home
Vivint is a home security company located in Provo, Utah. They have a market cap of $2.925 billion, and they are down nearly 50 percent from their 52-week high that was hit in January of 2021.
On Friday, Vivint reported their earnings, and it was mostly positive. Their revenue increased by 13.2 percent to $343.3 million, which beat analyst expectations. Since their business model relies on subscriptions, the market was looking for that also. Fortunately, their subscribers increased by 20.1 percent compared to their first quarter of 2020, which was promising. The only drawback was their net loss, which got better but still sits at $87.4 million.
Vivint’s share price jumped by 19.54 percent to $14.01 on Friday.
Everyone knows Walmart. They are the king of retail stores, selling items from groceries to TV’s, supplying you with all your daily needs. Walmart also stands as one of the classic blue-chip stocks in the market, with their share price being stable and reliable.
Walmart is scheduled to report earnings on Tuesday before the market opens. Investors will mainly be looking for how Walmart follows up its record 2020, with many expecting growths to slow down. Along with that, they are looking for how Walmart will address its competitors, the main one being Target. Lastly, many will keep an eye on Walmart+, a service Walmart released in September as a competitor to Amazon Prime.
Walmart is down 4.78 percent during 2020, with the broader market outgaining the stock.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.