FMP
Aug 3, 2022 10:37 PM - Davit Kirakosyan
Uber Technologies, Inc. (NYSE:UBER) reported its Q2 results, with EPS of ($1.33) coming in worse than the Street estimate of ($0.27). Revenue came in at $8.1 billion, beating the Street estimate of $7.36 billion.
The company expects Q3/22 Gross Bookings to be in the range of $29.0-$30.0 billion, and adjusted EBITDA in the range of $440-$470 million.
Analysts at Deutsche Bank believe Street forward estimates for consolidated gross bookings estimates remain relatively unchanged, but the mix increasingly shifts towards Mobility, which has favorable margin implications. As such, the analysts raised their 2022/2023 EBITDA estimates to $1.6 billion/$3.2 billion from $1.3 billion/$3.2 billion, and note that the company’s 2024 $5 billion EBITDA target appears far more achievable (or even conservative) today than it appeared coming out of Q1 earnings.
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...