FMP
Apr 23, 2024 3:22 PM - Davit Kirakosyan
General Motors (NYSE:GM) exceeded Wall Street's expectations for the first quarter of 2024, leading to a rise in its stock price by 4% intra-day today. The company reported an adjusted EPS of $2.62, beating the analyst prediction of $2.12, and posted revenues of $43.01 billion, which surpassed the anticipated $40.67 billion and reflected an 8% increase year-over-year. Notably, the company also reported a 21% year-over-year rise in retail deliveries for its electric vehicle (EV) portfolio.
General Motors' CEO Mary Barra underscored the firm's performance, noting robust growth in total company revenue, strong EBIT margins in North America, stable pricing, and a gain in retail market share with relatively lower incentives compared to the industry average. In response to these results, GM updated its full-year 2024 EPS guidance to between $9.00 and $10.00, up from an earlier range of $8.50 to $9.50, compared to the analyst consensus of $9.08. The automaker also plans capital expenditures of $10.5 billion to $11.5 billion for the year, including investments in battery cell manufacturing joint ventures.
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...