FMP
Apr 26, 2024 4:36 PM - Davit Kirakosyan
Snap (NYSE:SNAP) shares jumped more than 24% pre-market today after the company released an upbeat revenue forecast for the second quarter, anticipating revenues between $1.23 billion and $1.26 billion, surpassing the consensus estimate of $1.14 billion. The company also expects its adjusted EBITDA to be between $15 million and $45 million, well above the forecast of $10.6 million. Additionally, Snap projects its daily active users to reach about 431 million, slightly higher than the analyst estimate of 429.06 million.
This optimistic guidance follows a strong performance in the first quarter, where Snap's revenue reached $1.19 billion—a 21% increase year-over-year, beating the $1.05 billion estimate. Revenue growth was strong across all regions, with a 16% increase in North America, a 24% rise in Europe, and a 34% jump in the rest of the world.
Moreover, Snap reported an improvement in adjusted earnings per share, which was 3 cents, compared to 1 cent year-over-year, surpassing expectations of a 4 cent loss per share. Daily active users increased 10% year-over-year to 422 million.
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...