FMP
Nov 21, 2022 10:58 AM - Davit Kirakosyan
Dole plc (NYSE:DOLE) shares gained more than 11% since the company’s reported Q3 results on Thursday, with EPS of $0.14 coming in better than the Street estimate of $0.10. Revenue was $2.27 billion, in line with the Street expectations.
Investor consternation regarding a more substantial cut to guidance was assuaged. The company does now anticipate EBITDA finishing toward the lower end of its prior $330-$350 million EBITDA range, but strength in Fresh Fruit helped mitigate the weakness attributed to sustained softness in salads, one-time logistical bottlenecks in Chilean grapes in Q3 and adverse MTM impacts from FX.
Furthermore, the company noted it is positioned well to implement cost-justified price increases in the contracted Fresh Fruit business, which should help support EBITDA growth into 2023.
Fiscal 2022 revenue is expected to be in the range of $9.1-9.4 billion, compared to the Street estimate of $9.17 billion.
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...