FMP
Nov 21, 2022 9:17 PM - Davit Kirakosyan
Gap, Inc. (NYSE:GPS) shares rose around 12% since the company’s reported Q3 results on Thursday, with revenue of $4.04 billion coming in better than the Street estimate of $3.81 billion. EPS was $0.71, beating the Street estimate of $0.00. Comparable sales rose 1% year-over-year. Online sales increased 5% year-over-year, representing 39% of the company’s total revenue.
Sales growth was driven by an improving product assortment at Gap and Old Navy, while Athleta continued to experience softness as consumers shift away from athleisure and into workwear. Gross margin showed improvement as the company focuses on cost-cutting initiatives, although higher markdowns continued to offset this.
The company anticipates its total net sales in Q4 to decrease by mid-single digits year-over-year.
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...