I would imagine that will be the case. US EPS is slightly hire than analysts forecast and revenue slightly lower and immediate reaction is normally dependent on whether you did better not. That is the reality of the working of share markets whether we like it or not.
In few days time the actual results will be analysed. Strangely US SP went up slightly as the earnings are pretty good compared to last year. Company also talked about Uber tie up expecting to capture $1B of sales per year in the future when completely implemented. Many analysts have confirmed their forecast for US shares around $440 after the results.Forward PE of USA is around 28 in line with th industry average, which is applicable to Australia too. With reasonable growth forecasted, PE is reasonable in my opinion for Australia too.As EPS for coming year is forecasted between 1.75 to 2.00, I would imagine Australian shares should go up over next few months by good %.
- Forums
- ASX - By Stock
- TP $100
I would imagine that will be the case. US EPS is slightly hire...
- There are more pages in this discussion • 109 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DMP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$38.06 |
Change
0.110(0.29%) |
Mkt cap ! $3.460B |
Open | High | Low | Value | Volume |
$37.81 | $38.07 | $37.44 | $7.751M | 205.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 274 | $38.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$38.06 | 570 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 274 | 38.050 |
4 | 600 | 37.980 |
2 | 597 | 37.880 |
1 | 725 | 37.860 |
2 | 737 | 37.810 |
Price($) | Vol. | No. |
---|---|---|
38.060 | 570 | 2 |
38.130 | 597 | 2 |
38.140 | 725 | 1 |
38.150 | 2000 | 1 |
38.200 | 725 | 1 |
Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
|
|||||
Last
$37.98 |
  |
Change
0.110 ( 0.24 %) |
|||
Open | High | Low | Volume | ||
$37.68 | $38.07 | $37.45 | 15093 | ||
Last updated 15.59pm 13/05/2024 ? |
Featured News
DMP (ASX) Chart |
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
SPONSORED BY The Market Online