The following was extracted from Morningstar: William Kerwin Oct 27, 2023 We raise our fair value estimate for wide-moat Applied Materials to $152 per share, from $110, behind higher long-term expectations for growth in both wafer fabrication equipment and for Applied. We believe trends toward advanced packaging, artificial intelligence, and … [Read more...]

The following was extracted from Morningstar: Mettler-Toledo Earnings: Relentless Headwinds Hit Revenue, Limiting Near-Term Growth Prospects Julie Utterback, Ava Gams Nov 10, 2023 We are retaining our $880 fair value estimate for narrow-moat Mettler-Toledo as third-quarter results were about as we anticipated. Given … [Read more...]

The following was extracted from Morningstar: Waters Earnings: Margin Expansion Help Profits Withstand China and Currency Headwinds Julie Utterback Nov 7, 2023 Wide-moat Waters reported weak China demand in the third quarter that was more than offset by margin expansion on the bottom line. However, continued China and currency challenges … [Read more...]

The following was extracted from Morningstar: Coca-Cola Earnings: Innovation and Brand Investment Buoyed Sales Expansion; Shares Undervalued Dan Su Oct 24, 2023 We plan to maintain our $60 fair value estimate for wide-moat Coca Cola after digesting slightly-better-than expected third-quarter results, driven by beverage innovations, … [Read more...]

The following was extracted from Morningstar: Idexx Earnings: Fair Value Estimate Intact, Softness in Visit Volume Could Linger Into 2024 Debbie Wang Nov 1, 2023 Idexx Labs reported third-quarter results that generally put the firm on track to meet our full-year expectations, and we’re reiterating our $351 fair value estimate. Though the market may … [Read more...]

The following was extracted from Morningstar: S&P Global Earnings: Solid Revenue Trends, Outlook Narrowed Rajiv Bhatia Nov 2, 2023 In our view, S&P Global generally reported a healthy third quarter. Revenue of $3.09 billion and adjusted EPS of $3.21 beat the FactSet consensus estimate by 2% and 6%, respectively. The ratings … [Read more...]

The following was extracted from Morningstar: Unilever: Volumes Disappoint but Core Categories Perform Well Ioannis Pontikis Oct 26, 2023 Unilever's third-quarter trading update showed sales growth at 5.2%, in line with company-compiled consensus of 5.2%. Although the headline growth number came in as expected, the driver was pricing, which was up 5.8% … [Read more...]

The following was extracted from Morningstar: Disney Earnings: Profits Soar but Key Underlying Metrics Stay Muted; Long-Term Questions Remain Matthew Dolgin Nov 9, 2023 Disney’s fiscal fourth quarter displayed the firm’s financial might and why we think shares remain undervalued despite challenges it faces. Most … [Read more...]

The following was extracted from Morningstar: Fortinet Earnings: Deceleration in Appliance Sales Mars Result; Valuation Down to $60 From $68 Malik Ahmed Khan Nov 3, 2023 We are lowering our fair value estimate for wide-moat Fortinet to $60 from $68 after the firm reported weaker-than-expected financial results and guidance. Similar to last … [Read more...]

The following was extracted from Morningstar: Starbucks Earnings: Strong Results Demonstrate Reinvention Plan Progress; Shares Fairly Valued Sean Dunlop Nov 2, 2023 Starbucks shares jumped 10% after the wide-moat company posted strong fiscal fourth-quarter results, with $9.4 billion in global sales (up 11%) and $1.06 in … [Read more...]