FMP
Apr 23, 2024 3:24 PM - Davit Kirakosyan
Philip Morris International (NYSE:PM) shares rose nearly 3% intra-day today after the company exceeded analysts' expectations for earnings and revenue in fiscal Q1/24 and raised its full-year guidance. The tobacco company announced an earnings per share (EPS) of $1.50, beating the forecast of $1.41. Its quarterly revenue reached $8.79 billion, outperforming the expected $8.46 billion.
The adjusted operating income margin also saw an improvement, rising to 38.2% from 37.3% in the comparable quarter last year. Looking forward to the full year 2024, Philip Morris now anticipates an adjusted EPS range of $6.55 to $6.67, surpassing the consensus estimate of $6.37.
Jacek Olczak, the Chief Executive Officer, expressed confidence in the company’s performance, citing strong first-quarter results with robust top-line growth and significant margin expansion as the basis for upgrading the full-year guidance.
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...