FMP
Aug 6, 2022 2:08 PM - Davit Kirakosyan
Cigna Corporation (NYSE:CI) reported its Q2 results, with EPS of $6.22 coming in above the Street estimate of $5.49. Revenue came in at $45.5 billion, beating the Street estimate of $44.49 billion.
According to the analysts at Oppenheimer, the quarterly results were driven largely by Cigna HC, which is successfully re-pricing its business that should continue to drive results into 2023.
Given favorable trends around margins and retention rates, management appears comfortable applying the 10–13% long-term EPS growth target range to the current 2022 guidance of $22.90, better than the Street estimate of $22.72.
The analysts raised their 2022/2023/2024 EPS estimates to $22.93/$25.40/$27.68 from $22.65/ $25.35/$27.60 and their price target to $320 from $310.
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...