3 Internet Stocks to Buy for Growth After Beating Q1 Earnings Expectations

Zacks05-11

Investing in the internet is still a spectrum for growth as a seemingly unlimited number of businesses can benefit from what is one of the greatest inventions of our lifetime. There will always be up-...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2434150248?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/C103LhlLKwaHwy.TaSpanQ--~B/aD05MDA7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/68bc47f3e8d550f7ea3178f0e13c323b","is_english":true,"pubTime":"2024-05-11 06:08","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2434150248","market":"us","top_or_hot":-1,"title":"3 Internet Stocks to Buy for Growth After Beating Q1 Earnings Expectations","media":"Zacks","content":"<div>\n<p>Investing in the internet is still a spectrum for growth as a seemingly unlimited number of businesses can benefit from what is one of the greatest inventions of our lifetime.\nThere will always be up-...</p>\n\n<a href=\"https://finance.yahoo.com/news/3-internet-stocks-buy-growth-220800348.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Internet Stocks to Buy for Growth After Beating Q1 Earnings Expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Internet Stocks to Buy for Growth After Beating Q1 Earnings Expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-11 06:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/3-internet-stocks-buy-growth-220800348.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing in the internet is still a spectrum for growth as a seemingly unlimited number of businesses can benefit from what is one of the greatest inventions of our lifetime.\nThere will always be up-...</p>\n\n<a href=\"https://finance.yahoo.com/news/3-internet-stocks-buy-growth-220800348.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GRPN","symbol_name":"GroupOn","start_time":0,"source_url":"https://finance.yahoo.com/news/3-internet-stocks-buy-growth-220800348.html","article_id":"2434150248","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/C103LhlLKwaHwy.TaSpanQ--~B/aD05MDA7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/68bc47f3e8d550f7ea3178f0e13c323b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2434150248","pubTimestamp":1715378880,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investing in the internet is still a spectrum for growth as a seemingly unlimited number of businesses can benefit from what is one of the greatest inventions of our lifetime.There will always be up-and-coming or emerging investments in this regard and after posting strong Q1 results on Thursday, several internet-related stocks are starting to stand out.Outlook: Based on Zacks estimates, Dropbox’s annual earnings are expected to be up 1% in fiscal 2024 and are expected to rise another 10% in FY25 to $2.22 per share. Total sales are also expected to increase 1% this year and are forecasted to rise another 3% in FY25 to $2.62 billion.Outlook: According to Zacks estimates, Yelp’s annual earnings are projected to rise 13% in FY24 and are projected to climb another 34% next year to $2.0","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GRPN":"GroupOn"},"translate_title":"超过Q1盈利预期后，3只互联网股票值得买入以求增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRPN":0.9},"content_text":"Investing in the internet is still a spectrum for growth as a seemingly unlimited number of businesses can benefit from what is one of the greatest inventions of our lifetime.\nThere will always be up-and-coming or emerging investments in this regard and after posting strong Q1 results on Thursday, several internet-related stocks are starting to stand out.\nDropbox DBX - Zacks Rank #2 (BUY) \nCurrent Stock Price: $23 \nServing more than 700 million registered users across 180 countries, Dropbox’s cloud-based platform appears to be in higher demand as a way for businesses and individuals to create, access, and share digital content.\nDropbox posted Q1 earnings of $0.58 per share which beat expectations by 18% and climbed 38% from $0.42 a share in the prior-year quarter. First quarter sales slightly edged estimates at $631.3 million and rose 3% from Q1 2023. More impressive, Dropbox has exceeded sales estimates in every quarter since the company went public in 2018 and has now surpassed earnings expectations for eight consecutive quarters.\nOutlook: Based on Zacks estimates, Dropbox’s annual earnings are expected to be up 1% in fiscal 2024 and are expected to rise another 10% in FY25 to $2.22 per share. Total sales are also expected to increase 1% this year and are forecasted to rise another 3% in FY25 to $2.62 billion.\nImage Source: Zacks Investment Research\nGroupon GRPN - Zacks Rank #1 (Strong Buy)\nCurrent Stock Price: $12\nWith over $16 million global customers, consumers looking to save are certainly familiar with Groupon’s online marketplace which connects them to merchants offering deals on various products and activities.\nStriving to hold the profitability line, Groupon’s Q1 EPS of $0.06 crushed expectations that called for an adjusted loss of -$0.18 per share and swung from a loss of -$0.65 a share in the comparative quarter. Quarterly sales of $123.08 million came in 4% better than expected and increased from $121.61 million a year ago.\nOutlook: Groupon is expected to post a profit of $0.05 a share in FY24 compared to an adjusted loss of -$0.52 a share last year. Even better, FY25 EPS is projected to climb to $0.33 with total sales forecasted to rise 6% this year and expected to jump another 7% next year to $585.18 million.\nImage Source: Zacks Investment Research\nYelp YELP - Zacks Rank #1 (Strong Buy)\nCurrent Stock Price: $36\nWith over 500,000 paid advertising accounts, Yelp has remained a popular website that helps businesses connect to consumers and covers restaurants, shopping, and nightlife events to financial and health-related services among others.\nYelp’s Q1 EPS of $0.20 crushed estimates of $0.04 a share by 400% and skyrocketed from $0.02 a share in the comparative quarter. Sales of $332.75 million slightly missed estimates of $333.66 million but spiked 7% from $312.44 million in Q1 2023.\nOutlook: According to Zacks estimates, Yelp’s annual earnings are projected to rise 13% in FY24 and are projected to climb another 34% next year to $2.06 per share. Total sales are forecasted to rise 7% this year and are expected to jump another 7% in FY25 to $1.53 billion.\nImage Source: Zacks Investment Research\nTakeaway\nConsidering these stocks all trade under $40, they are starting to look like affordable options to get in on the ongoing growth of internet-related activities. To that point, their expansion is starting to support their valuations with earnings estimate revisions likely to rise after impressively surpassing Q1 EPS estimates.  \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nGroupon, Inc. (GRPN) : Free Stock Analysis Report\nYelp Inc. (YELP) : Free Stock Analysis Report\nDropbox, Inc. (DBX) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2434150248"}