FMP
May 19, 2022 10:27 PM - Davit Kirakosyan
Target (NYSE:TGT) shares lost almost 30% this week as a result of reported disappointing Q1 results, with EPS of $2.19 missing the street estimate of $3.07. Revenue came in at $24.83 billion, compared to the Street estimate of $24.47 billion. For full-year 2022, the company anticipates revenue growth in the low-to mid-single digits.
RBC Capital analysts provided their views on the company, lowering their estimates and price target, but believing the stock sell-off is overdone.
Similar to Walmart, Target beat on comp, but experienced significant margin contraction year-over-year. While lingering cost headwinds and increased uncertainty around the financial health of the US consumer warrant numbers coming down, the analysts remain of the view that the company is structurally a faster growing, higher margin business post-strategic reset. As such the analysts thinks the company would weather any potential economic downturn better than they have historically.
The analysts lowered 2022/2023 EPS estimates to $10.57/$13.27 from $14.59/$15.84, and moved their target to $239 from $294 while maintaining the outperform 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...