Feb 19, 2025
An earnings triple play is a stock that reports earnings and manages to 1) beat analyst EPS estimates, 2) beat analyst sales estimates, and 3) raise forward guidance. You can read more about “triple plays” at Investopedia.com where they’ve given Bespoke credit for popularizing the term. We like triple plays as an indication that a company’s business is firing on all cylinders, with better-than-expected results and an improving outlook. A triple play is indicative of positive “fundamental momentum” instead of pure fundamentals, and there are always plenty of names with both high and low valuations on our quarterly list.
Bespoke’s Triple Play Report highlights companies that have recently reported earnings triple plays, and it features commentary from management on triple-play conference calls, company descriptions and analysis, and price charts. Bespoke’s Triple Play Report is available at the Bespoke Institutional level only. You can sign up for Bespoke Institutional now and receive a 14-day trial to read this week’s Triple Play Report, which features 30 new stocks. To sign up, choose either the monthly or annual checkout link below:
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Doximity (DOCS) is an example of a company that recently reported an earnings triple play; its third in a row. The stock was up a staggering 36% the following day (2/7), which comes after very impressive earnings-day reactions last November (+34.2%), August (+38.7%), and May (+18.1%). Since last May’s report in which the company beat estimates but kept guidance inline, DOCS has climbed roughly 250%.
Here’s how AI describes the company: Doximity has emerged as a leading digital platform dedicated to empowering healthcare professionals. By providing a secure, feature-rich environment for physicians and other clinicians, Doximity enables seamless networking, collaboration, and communication among those in the healthcare space. Its innovative telehealth solutions, streamlined physician workflow tools, and personalized medical news feed have garnered widespread adoption, while its robust advertising and recruiting channels have opened new revenue opportunities. As the healthcare industry continues to embrace digital transformation, Doximity is well-positioned to capitalize on this momentum, paving the way for ongoing growth and a stronger presence in the rapidly evolving health tech landscape.
On its most recent earnings report, growth was fueled by top pharma clients (122% net retention), soaring AI adoption (1.8M prompts, +60% QoQ), and expanding workflow tools (610K+ active prescribers). New point-of-care and formulary products doubled YoY, now making up 20% of pharma sales, while multi-module campaigns drove larger deal sizes. The company’s client portal, now used by 50% of brand clients, is scaling further with 10 new agency partners.
Looking at the snapshot below from our Earnings Explorer, Doximity results have been very consistent against estimates since 2022. The stock has beaten both EPS and revenue estimates for 13 straight quarters, and it has raised guidance on each of its last three reports.
You can read more about DOCS and the 29 other triple plays we covered in our newest report by starting a Bespoke Institutional trial today.
Bespoke Investment Group, LLC believes all information contained in these reports to be accurate, but we do not guarantee its accuracy. None of the information in these reports or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. This is not personalized advice. Investors should do their own research and/or work with an investment professional when making portfolio decisions. As always, past performance of any investment is not a guarantee of future results. Bespoke representatives or clients may have positions in securities discussed or mentioned in its published content.
Feb 12, 2025
Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers Upstart’s (UPST) Q4 2024 earnings call.
Upstart (UPST) is an AI-driven lending platform that uses machine learning models to assess creditworthiness beyond traditional FICO scores. The company partners with banks and credit unions to offer personal loans, auto refinancing, and home equity lines of credit (HELOCs). What sets Upstart apart is its proprietary AI underwriting, which means faster approvals, higher accuracy in risk assessment, and automation rates exceeding 90%. UPST closed 2024 highlighting loan originations up 68% YoY and revenue that jumped 56% YoY to $219M. AI innovation was a major theme, with Model 19 introducing the Payment Transition Model (PTM), improving default predictions. The Upstart Macro Index (UMI) improved, helping stabilize credit performance. Auto and HELOC originations grew 60% sequentially, and small-dollar loans soared 115%. The company expanded funding, adding $1.3B in new commitments and a $150M warehouse facility. CEO Dave Girouard emphasized plans to “10x” AI leadership in 2025, while the company aims for profitability in second half of 2025. After its third straight earnings triple play, UPST skyrocketed almost 30% on Wednesday morning, 2/12…
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Feb 12, 2025
Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers Zillow’s (ZG) Q4 2024 earnings call.
Zillow (ZG) is the dominant online real estate marketplace, providing home buyers, sellers, renters, and real estate professionals with data-driven tools to navigate the housing market. The company’s platform includes home listings, rental properties, mortgages, and real estate agent services, with its “Housing Super App” that aims to digitize every stage of a real estate transaction. ZG serves both individual consumers and industry professionals, offering insights into housing trends, affordability, and market conditions. Its Zestimate home valuation tool and integration of AI-driven features like Zillow Showcase make it a leader in real estate technology. This quarter, ZG posted $554 million in Q4 revenue, up 17% YoY, despite a sluggish housing market with only 6% total transaction value growth. The enhanced market expansion strategy drove stronger conversions, with 21% of transactions now in these markets, expected to reach 35% in 2025. Mortgage revenue soared 86% YoY, with Zillow Home Loans adoption climbing. Rental revenue jumped 25%, fueled by a new Redfin partnership and an expanded multifamily property count of 50,000 (up from 37,000 in 2023). AI-powered features, including Zillow Showcase, helped drive a 2% premium on listings. While home affordability remains a challenge, ZG notes that a shortage of 4.5 million homes remains a structural constraint. ZG beat estimates but cut guidance, and the stock fell as much as 14.2% on Wednesday morning, 2/12…
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Feb 11, 2025
Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers Shopify’s (SHOP) Q4 2024 earnings call.
Shopify (SHOP) is an e-commerce platform that enables businesses of all sizes to build, manage, and scale their online and offline operations. It provides tools for website creation, payments, inventory management, and marketing, serving everyone from small startups to global brands like Reebok and FC Barcelona. With a growing enterprise presence, SHOP is competing with legacy commerce providers. The company’s rapid international growth and dominance in checkout solutions (Shop Pay now accounts for 41% of GMV) provide insights into digital commerce trends, merchant adoption, and the evolution of retail infrastructure. SHOP closed 2024 with 31% Q4 revenue growth and 26% GMV growth. Enterprise adoption is improving, with brands like Aldo and David’s Bridal doing more with the platform beyond initial integrations. International GMV grew 33%, led by 37% growth in EMEA, while B2B surged 132%. AI investments, including Sidekick, are hard at work to improve merchant efficiency. Shop Pay processed $27B in GMV, up 50% YoY, while the Shop App’s native GMV jumped 84%. Shopify also highlighted strong offline growth (26% GMV increase), meaning physical retail with its point of sale (POS) systems. EPS was in line while revenue beat estimates, and the stock was up modestly on Tuesday afternoon…
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Feb 11, 2025
Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers McDonald’s (MCD) Q4 2024 earnings call.
McDonald’s (MCD) is the world’s largest fast-food chain, serving over 69 million customers daily across more than 40,000 locations in over 100 countries. Known for its core menu items like the Big Mac, McNuggets, and fries, the company has increasingly focused on popularizing chicken, digital sales, and loyalty programs. MCD provides insight into consumer spending trends, particularly among low- and middle-income diners, and serves as a key barometer for global economic conditions and QSR industry trends. Q4 was challenging, with US comp sales down 1.4% due to an E. coli outbreak linked to slivered onions in Quarter Pounders, though full recovery is expected by early Q2 2025. Global comp sales were up 0.4%, led by Canada, Germany, and Spain, while the UK and Australia lagged. The company is doubling down on value with the McValue platform. Loyalty program sales hit $30B, with a goal of $45B by 2027. There are 2,200 new restaurants planned in 2025, including 1,000 in China. MCD missed on the top and bottom lines, but the stock rose almost 5% on 2/10. Look out for the fan favorite Snack Wrap comeback at some point this year…
Continue reading our Conference Call Recap for MCD by becoming a Bespoke Institutional subscriber. You can sign up for Bespoke Institutional now and receive a 14-day trial to read our newest Conference Call Recap. To sign up, choose either the monthly or annual checkout link below:
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Feb 11, 2025
Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers Cloudflare’s (NET) Q4 2024 earnings call.
Cloudflare (NET) provides a global network infrastructure that enhances security, performance, and reliability for websites, applications, and enterprise networks. The company’s platform offers a suite of services, including DDoS protection, Zero Trust security, content delivery, and AI-driven computing with Cloudflare Workers. NET serves small developers to Fortune 100 enterprises and government agencies. This quarter, NET delivered $459.9M in revenue, up 27% YoY, driven by strong enterprise adoption and record growth in large customers. AI continues to be a major growth catalyst, with Cloudflare Workers and AI inference services picking up steam. The company signed its largest contract ever, a $20M five-year deal with a Fortune 100 firm. Security and Zero Trust expansion also fueled growth, with Cloudflare winning major contracts by displacing incumbents. Pool of funds contracts contributed significantly, comprising about 9% of Q4 revenue. The company remains bullish on AI efficiency, highlighting its ability to optimize GPU utilization to 70%, well above industry averages. FedRAMP High certification further strengthens NET’s government business. NET results topped estimates, and the stock surged 17.8% on 2/7…
Continue reading our Conference Call Recap for NET by becoming a Bespoke Institutional subscriber. You can sign up for Bespoke Institutional now and receive a 14-day trial to read our newest Conference Call Recap. To sign up, choose either the monthly or annual checkout link below:
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