FMP
Jan 23, 2023 8:06 AM - Davit Kirakosyan
The Procter & Gamble Company (NYSE:PG) reported its Q2 results on Thursday, highlighted by a decrease in net sales, which was due to the strong U.S. dollar negatively impacting international demand for PG’s consumer goods.
Net sales came in at $20.8 billion (down 1% year-over-year). The company, which generates over half of its income from international markets, announced that an "adverse" foreign exchange market had a 6% impact on net sales. Despite this, the figure was slightly above the Street estimate of $20.74 billion. The company reported Q2 EPS of $1.59, compared to the Street estimate of $1.58.
The higher pricing, however, likely allowed gross margins to finish roughly in line with Street expectations (47.5% vs. Street’s 47.3%). Growth across Beauty, Grooming, and Health Care lagged expectations, while Fabric & Home Care came in stronger (Baby, Feminine, & Family Care in line).
The company provided its outlook for fiscal 2023, raising its all-in sales guidance to (1%)-0% from prior (3%)-(1%). 2023 EPS growth guidance was maintained at 0-4%.
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...