FMP
Apr 24, 2024 3:42 PM - Davit Kirakosyan
Visa (NYSE:V) announced its fiscal Q2/24 earnings and revenue that exceeded analysts' expectations. Visa reported earnings per share (EPS) of $2.51, surpassing the estimate of $2.44, and revenue of $8.78 billion, which also exceeded the forecast of $8.62 billion.
During the quarter, payment volumes rose by 8%, and cross-border volumes, excluding intra-Europe transactions, increased by 16%. Looking ahead, Visa projects revenue growth in the low double digits for the fiscal third quarter and maintains similar expectations for the entire year. The company also anticipates third-quarter EPS to be at the high end of the low double-digit range, with full-year EPS growth expected in the low teens.
Analysts at Goldman Sachs noted Visa's robust performance, highlighting the company's resilience and its capability to sustain EPS growth in the teens at scale. They pointed out that Visa's stock is trading at a level consistent with its historical average multiple and at a discount compared to its average historical multiple versus an equal weight S&P. The analysts believe that the fiscal second quarter results should positively influence the stock, especially since it has underperformed the market year-to-date.
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...