NYSE$CLVT

Clarivate Plc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Clarivate's financial performance improved significantly due to strategic acquisitions and operational efficiencies.

Clarivate reported a strong fourth quarter and full-year 2020, driven by strategic acquisitions and operational improvements. Fourth-quarter revenues increased by 79% to $456 million, with net income rising by 108% to $6 million. The company reaffirmed its 2021 outlook, citing the strength of its core business and expected benefits from recent acquisitions.

  • Revenues for Q4 2020 increased by 79% to $456 million.
  • Net income for Q4 2020 increased by 108% to $6 million.
  • Adjusted EBITDA for Q4 2020 increased by 137% to $200 million.
  • The company reaffirmed its 2021 outlook based on the strength of its core business and expected benefits from recent acquisitions.

Headline financials

Total Revenue

$471M

Previous: $255M+84.8%
EPS (adj)

$0.22

Previous: $0.13+69.2%
Adjusted EBITDA

$200M

No prior period
Capital Expenditures

$29.1M

Previous: $26.2M+11.3%
Free Cash Flow

$107M

Previous: -$21.1M+606.6%
Net Income

$6.4M

Previous: -$74M+108.6%
Operating Income

$29.5M

Previous: -$28.3M+204.3%
Gross Profit

$325M

Previous: $158M+105.5%
Cash & Equivalents

$258M

Previous: $76.1M+238.7%
Total Assets

$15.2B

Previous: $3.79B+300.8%
Stock-Based Comp

$9.08M

Previous: $4.71M+92.8%

Revenue & EPS history

Clarivate · Revenue · Quarterly

$471M

Q4 2020+84.8%vs Q4 2019
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Revenue by segment

Clarivate · $333M total across 2 segments · Q2 2021

  • Subscription
    $244M
  • Transactional
    $89.8M

Forward guidance

Clarivate reaffirmed its 2021 outlook, anticipating adjusted revenues between $1.78 billion and $1.84 billion and adjusted EBITDA between $785 million and $825 million.

Tailwinds

  • Adjusted Revenues: $1.78B to $1.84B
  • Adjusted EBITDA: $785M to $825M
  • Adjusted EBITDA margin: 44% to 45%
  • Adjusted diluted EPS: $0.73 to $0.79
  • Adjusted Free Cash Flow: $450M to $500M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-1.1%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+1.5%

Avg return

30 days after

41%

12 / 29 earnings

Positive

+38.7%

Q4 2025

Best reaction

-29.0%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+13.9%+11.6%+0.8%
Q4 2025+38.7%+36.9%+44.0%
Q3 2025-3.6%-2.7%+3.3%
Q1 2025+17.3%+20.3%+18.4%
Q4 2024-1.4%-5.4%-15.3%
Q3 2024-29.0%-30.3%-13.2%
Q2 2024-17.4%-7.5%+8.3%
Q1 2024-10.2%-10.5%-18.1%
Q4 2023-20.9%-20.1%-16.9%
Q3 2023+1.8%-2.8%+18.9%
Q2 2023-23.8%-26.5%-18.8%
Q1 2023+6.5%+5.7%+10.8%
Q4 2022+13.2%+9.4%-7.3%
Q3 2022-7.4%+6.6%-9.0%
Q2 2022-7.5%-9.2%-16.3%
Q1 2022-3.0%-2.0%+0.3%
Q4 2021+10.1%+11.0%+24.8%
Q3 2021+5.7%+6.4%+4.4%
Q2 2021-5.6%-4.1%+3.6%
Q1 2021+4.5%+5.3%+12.3%
Q4 2020-19.0%-17.8%-11.6%
Q3 2020-7.2%-3.0%-8.4%
Q2 2020-4.0%+2.4%+0.3%
Q1 2020+8.5%+4.9%+1.4%
Q4 2019-1.4%+4.3%-1.1%
Q3 2019+6.3%+4.9%+6.1%
Q2 2019+8.1%+7.1%+9.1%
Q4 2018-5.0%+1.0%+1.8%
Q1 2019-0.8%-1.3%+9.8%
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro