FMP
Sep 9, 2021 8:04 PM - Davit Kirakosyan
Casey's General Stores, Inc. (NASDAQ:CASY) delivered better-than-expected Q1 results, with EPS coming in at $3.19, better than the consensus estimate of $2.96, stemming from strong fuel profitability and improving in-store performance. Revenue for the quarter was $3.18 billion, above the consensus estimate of $3.02 billion.
Importantly, gallons and the prepared food business continue to experience a steady recovery (albeit fuel gallons remain below pre-pandemic levels) coupled with solid SSS trends in grocery.
Analysts at Deutsche Bank raised their price target on the company’s shares to $256 from $246 following the results.
While cost inflation is pressuring some retailers, the brokerage believes the company is well-positioned with its self-distribution model providing greater flexibility and resulting in less out of stocks.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...