So far 2016 has been a rocky year for everyone, and many investors are looking for cover, whether it’s from oil or other global markets. Both the Dow Jones Industrial Average and S&P 500 have felt a huge impact, even though it has only been about a month into the new year. If the adage proves to be true, “As goes January so goes the year,” in terms of market performance, investors might be in trouble.
We decided to pick out some companies that destroyed shareholders over the course of the past week. While these were not the four biggest absolute losers of the week, of the active stocks, these all issued news or had news that took place and pushed the stocks down. This past week these were all earnings related. 24/7 Wall St. has included their recent trading history as well as the 52-week trading range and the consensus analyst price target.
Match
Investors were not exactly thrilled when Match Group Inc. (NASDAQ: MTCH) reported its fourth-quarter financial results earlier in the week. The company had $0.24 in earnings per share (EPS) on $267.6 million in revenue, compared to consensus estimates from Thomson Reuters of $0.19 in EPS on revenue of $272 million. The numbers might not seem that bad, but analysts are expecting that margins might not improve in the future.
Over the course of the week, the stock dropped roughly 26%. Shares of Match were trading at $9.30 at the end of Friday’s session, with a consensus analyst price target of $15.15 and a 52-week trading range of $8.75 to $16.17.
GoPro
Shares of GoPro Inc. (NASDAQ: GPRO) absolutely cratered, following a botched earnings report in the middle of the week. The company had a net loss of $0.08 per share on $436.3 million in revenue. That compared to consensus estimates of no earnings on $496.10 million in revenue. Also in the report, Jack Lazar announced that he will be stepping down from the chief financial officer role and Brian McGee will be succeeding him effective March 11. Shares were halted once the report was released.
The stock dropped 13% over the course of the week. GoPro shares were trading at $9.96 on Friday’s close, with a consensus price target of $13.40 and a 52-week range of $9.01 to $65.49.
The single worst day of trading in the entire history of LinkedIn Corp. (NYSE: LNKD) was not due to earnings. It was the guidance. The social media giant had $0.94 in EPS on $862 million in revenue. That topped consensus estimates of $0.78 in EPS on $857.59 million in revenue. But first-quarter guidance had EPS at $0.55 and revenues of $820 million. The consensus estimates for the quarter were $0.74 in EPS on $866.86 million in revenue.
Over the course of last week, the stock dropped 45.2%. LinkedIn shares closed at $108.38 on Friday, with a consensus price target of $274.43 and a 52-week range of $102.81 to $276.18.
Tableau Software
Tableau Software Inc. (NYSE: DATA) was crushed in Friday’s session, following a huge discrepancy between the financial results and the consensus estimates. It had a net loss of $0.33 per share on $202.8 million in revenue, while the consensus estimates were $0.16 in EPS on $201.2 million in revenue. Total revenue may have increased 42%, license revenue by 31% and international revenue by 63%, but the quarter still posted an operating loss. And it only got worse from there. On the conference call, the company gave its outlook for the first quarter as a net loss of $0.08 to $0.12 per share and revenue in the range of $160 million to $165 million. The consensus estimates call for $0.06 in EPS on $179.48 million in revenue.
Last week, the stock dropped nearly 48.5%. Shares of Tableau were changing hands at $41.33 as Friday’s session came to a close, within a 52-week trading range of $40.04 to $131.34. The consensus analyst price target is $112.72.
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