The quarterly revenue and net income of the three companies listed below have improved significantly on a year-over-year basis, drawing the interest of growth-oriented investors.
Furthermore, sell-side analysts on Wall Street have issued positive recommendation ratings for these businesses.
Snap Inc
The first stock that possesses the above criteria is Snap Inc (SNAP, Financial), a Santa Monica, California-based provider of a camera application software that enables people to interact using short videos and images via its app.
Snap Inc saw its quarterly revenue jump 62.5% year over year to $911.322 million as of the December 2020 quarter, up from $560.888 million in the same quarter of 2019.
Snap Inc posted a net loss of nearly $113.1 million for the quarter, which represented a substantial improvement from a net loss of $240.704 million for the prior-year quarter.
The stock price was trading at $54.11 per share at close on April 5 as a result of a 347.2% increase over the past year, determining a market capitalization of $81.61 billion and a 52-week range of $11.32 to $73.59.
Snap Inc does not pay dividends.
GuruFocus assigned a score of 5 out of 10 to the financial strength rating and of 2 out of 10 to the profitability rating of the company.
On Wall Street, the stock has a median recommendation rating of overweight and an average target price of $74.30 per share.
NIO Inc
The second stock that qualifies is NIO Inc (NIO, Financial), a Shanghai, China-based manufacturer of electric vehicles in China, Hong Kong, the United Kingdom, Germany and the U.S.
NIO Inc saw its quarterly revenue increase by 150.2% year over year to about $1.016 billion as of the December 2020 quarter, up from $406.109 million in the prior-year quarter.
NIO Inc has also posted a remarkable improvement in the bottom line of the income statement for the final quarter of the year. The net loss of $212 million incurred in the December 2020 quarter compares favorably to the net loss of $412.6 million in the prior-year quarter.
The stock price was trading at $39.31 per share at close on April 5 after a nearly 15-fold increase that happened over the past year, which determined a market capitalization of $61.28 billion and a 52-week range of $2.4 to $66.99.
Currently, NIO Inc does not pay dividends.
GuruFocus assigned a score of 5 out of 10 to the company's financial strength rating and of 1 out of 10 to its profitability rating.
On Wall Street, the stock has a median recommendation rating of overweight with an average target price of about $60 per share.
Pinterest Inc
The third company that meets the criteria is Pinterest Inc (PINS, Financial), a San Francisco, California-based provider of a visual discovery platform.
Pinterest Inc saw the quarterly revenue rise by about 76.5% year over year to about $705.62 million as of the December 2020 quarter, up from nearly $400 million for the same quarter of 2019.
The bottom line has also improved dramatically on a year over year basis, as it shifted to a net income of $207.841 million for the final quarter of year 2020, up from a net loss of $35.718 million for the corresponding period of 2019.
The stock price was trading at around $79.53 per share at close on April 5 after a 428% increase that took place over the past year, which determined a market capitalization of $49.99 billion and a 52-week range of $14.43 to $89.90.
Currently, Pinterest Inc is not distributing dividends.
GuruFocus assigned a score of 7 out of 10 for the company's financial strength rating and of 1 out of 10 for its profitability rating.
On Wall Street, the stock has a median recommendation rating of overweight with an average target price of $89.88 per share.
Disclosure: I have no positions in any securities mentioned.
Read more here:
- A Trio of Stocks for Growth-Oriented Investors
- A Trio of Stocks Growing Revenue Per Share Past
- 3 High-Yield Stocks for Dividend Investors
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