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Aug 4, 2022 11:16 PM - Davit Kirakosyan
Match Group, Inc. (NASDAQ:MTCH) shares closed more than 17% lower on Wednesday following the company’s reported disappointing Q2 results, with EPS coming in at ($0.11), significantly worse than the Street estimate of $0.57.
Revenue increased 12% year-over-year to $794.5 million, compared to the Street estimate of $804.33 million, driven by a 10% growth in Payers and a 3% growth in revenue per payer.
The company anticipates Q3 revenue in the range of $790-800 million, compared to the Street estimate of $885.2 million.
According to the analysts at Deutsche Bank, there is growing uncertainty around product pipeline and roll-out, as well as yet another management change at the top of Tinder, with the company announcing the departure of the Tinder CEO.
According to the analysts, Hinge looks like it is continuing to perform very well, but beyond that, the analysts are largely disappointed with Match Group's results and near-term outlook.
The analyst lowered their price target to $85 from $100, while reiterating their buy rating as they believe this period of softness is most likely attributable to a missed product upgrade cycle originating from flawed execution rather than structural concerns or a more saturated end-market.
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...