FMP
Apr 17, 2024 3:49 PM - Davit Kirakosyan
Abbott Laboratories (NYSE:ABT) surpassed expectations for its first-quarter earnings and revenue, but subsequently narrowed its earnings forecast for the full year 2024, resulting in a more than 3% drop in shares intra-day today. The healthcare company reported earnings of $0.98 per share, which was above the consensus estimate of $0.96. Revenue for the quarter was $9.96 billion, also exceeding expectations of $9.89 billion.
For the upcoming second quarter of 2024, Abbott anticipates earnings per share will be between $1.08 and $1.12, compared to the analyst predictions of $1.12.
For the entire year, Abbott refined its earnings per share forecast to a narrower range of $4.55 to $4.70, tightening from an earlier projection of $4.50 to $4.70, with consensus estimates at $4.62.
In addition, Abbott adjusted its 2024 guidance for organic sales growth, now expecting an increase of between 8.5% and 10.0%, excluding sales related to COVID-19 testing. This update reflects a more optimistic midpoint compared to previous forecasts.
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...