FMP
Jun 21, 2022 11:05 PM - Davit Kirakosyan
Centene Corporation (NYSE:CNC) shares rose nearly 6% on Tuesday following its Investor Day, with the company raising its 2022 guidance by $0.15/share to $5.55- $5.70 due primarily to Marketplace outperformance and the benefit from the PHE delay.
Furthermore, the company also maintained its long-term targets, including 2023 EPS, in the “low $6's” and 2024 EPS/net margins of $7.50-$7.75/3.3%.
Management also expects 64% of full-year EPS in the first half of the year, which implies Q2/22 EPS of approximately $1.76, well above Street’s prior estimate of $1.47.
Analysts at Oppenheimer adjusted their 2022/2023/2024 EPS estimates to $5.65/ $6.32/$7.70 from $5.48/$6.36/$7.79. Overall, while there are a number of moving parts affecting the business, the analysts believe the company remains on track with its prior targets.
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...