FMP
Jan 23, 2023 8:51 PM - Davit Kirakosyan
State Street (NYSE:STT) shares gained around 7% since the company’s reported Q4 results on Friday, with EPS of $2.07 coming in better than the Street estimate of $1.98. Revenue was $3.16 billion, compared to the Street estimate of $3.03 billion.
The company’s 2023 outlook was encouraging relative to forecasts. The most positive aspect for the stock is the $4.5 billion share repurchase authorization, which management hopes to fulfill this year, and may imply nearly 200% of earnings being returned to shareholders via buyback and dividends.
Analysts at Deutsche Bank view the results positively, with modest beats to both their fee revenue and net interest revenue forecasts, partially offset by slightly higher operating expenses. The analysts raised their price target to $88 from $85, while maintaining their Hold 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...