FMP
Jun 30, 2022 9:05 PM - Davit Kirakosyan
General Mills, Inc. (NYSE:GIS) shares rose more than 6% on Wednesday following the company’s reported Q4 results, with EPS coming in at $1.12, better than the Street estimate of $1.01. Revenue was $4.9 billion, beating the Street estimate of $4.8 billion.
The company’s full 2023-year outlook was also better than expected, with projected 4%-5% organic growth, implying a (1%)-2% EPS growth.
Analysts at Deutsche Bank believe the outlook is overall reasonable, especially in the context of the company's fundamental momentum and strong execution throughout the pandemic.
Although the inflationary environment remains tough to call and supply chain challenges are expected to persist, the analysts believe the company is actively implementing SRM initiatives to drive price/mix realization and driving HMM to protect profit dollars. The analysts increased their price target on the company’s shares to $81 from $75, while reiterating their buy rating.
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...