FMP
May 22, 2023 7:06 PM - Davit Kirakosyan
Citi analyst downgraded Foot Locker (NYSE:FL) to Neutral from Buy and lowered their price target to $30.00 from $48.00 after the company reported disappointing Q1 results and revised down its full-year guidance. As a result, shares dropped more than 27% on Friday and are trading more than 5% lower intra-day today.
Q1 EPS was $0.70, worse than the Street estimate of $0.78. Revenue came in at $1.93 billion, missing the Street estimate of $1.99 billion. For fiscal 2023, the company anticipates EPS in the range of $2.00-$2.25, compared to the Street estimate of $3.46. Sales are expected to be down 6.5-8%, compared to the prior guidance of a 3.5-5.5% decline.
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...