FMP
Aug 3, 2022 10:33 PM - Davit Kirakosyan
Airbnb, Inc. (NASDAQ:ABNB) reported Q2 results, with EPS of $0.56 coming in better than the Street estimate of $0.45. Revenue increased 58% year-over-year to $2.1 billion, in line with the Street estimate, reflecting growth in Nights and Experiences booked, and continued strength in ADR.
The company expects Q3 revenue to be in the range of $2.78-2.88 billion, compared to the Street estimate of $2.77.
While the company is undoubtedly a winner in the post-COVID travel world, Q2 Nights come below estimates and the outlook suggests this more moderate pace of growth displayed in Q2 is likely to sustain in the Q3. According to Deutsche Bank analysts, this is likely to weigh on shares. On the positive front, ADR growth continues to outpace expectations and underlying pricing strength is expected to sustain into Q3.
The analysts lowered their price target to $110 from $120, as they believe online travel multiples will remain under pressure industry-wide as investors continue to digest peak travel concerns.
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...