STMP - Stamps.com stock slides as macro uncertainties outweigh Q4 beats

Stamps.com (STMP) shares are down 9.7% pre-market after yesterday's Q4 results, which topped estimates but didn't provide 2021 guidance due to the continuing macro uncertainties.Revenue was up 28% on the year to $206M. Non-GAAP EPS was $4.13, a solid $1.51 above consensus estimates.Adjusted EBITDA was up 44% on the year to $74M.Total paid customers increased by 266,000 to 1.02M.Press release. Maxim analyst Allen Klee says Stamps.com has benefited from people staying at home during the pandemic and the surging e-commerce demand.Klee highlights Q4 positives that included UPS shipping label values rising 83% on the quarter, 35% Y/Y growth in shipping revenue, and the 15% decline in customer acquisition costs.Maxim maintains a Buy rating but lowers STMP's price target from $415 to $405.Deeper dive: Stamps.com Q4 earnings call transcript.

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Stamps.com stock slides as macro uncertainties outweigh Q4 beats