The following was extracted from Morningstar: Nike Earnings: Brand Investments Look Promising, but Near-Term Outlook Is Dim; Shares Undervalued David Swartz Mar 22, 2024 Wide-moat Nike matched our forecast with flat sales growth in its third-quarter fiscal 2024 (end-February), but this result was overshadowed by guidance for a … [Read more...]
Adobe Inc Morningstar report
The following was extracted from Morningstar: Adobe Earnings: Guidance Is Needlessly Unclear, but We Believe the Big Picture Is Largely Unchanged Dan Romanoff Mar 15, 2024 We are maintaining our fair value estimate of $610 per share after Adobe reported good first-quarter results, but offered perplexing guidance for the second … [Read more...]
Brown-Forman Corporation Morningstar report
The following was extracted from Morningstar: Wide-Moat Brown-Forman Invests to Grow Beyond Whiskey Stronghold Dan Su Mar 11, 2024 Business Strategy and Outlook We award a wide economic moat rating to Brown-Forman, based on the strong brand intangible assets and cost advantages associated with the spirits maker’s premium … [Read more...]
Salesforce Inc Morningstar report
The following was extracted from Morningstar: Analyst Note | by Dan Romanoff Updated Dec 01, 2022 For its fiscal third quarter, Salesforce delivered modest upside relative to our revenue expectations and more meaningfully outperformed our margin estimate despite foreign currency headwinds that continue to worsen. Fiscal fourth-quarter guidance, however, was … [Read more...]
Intuit Inc. Morningstar report
The following was extracted from Morningstar: Intuit’s Switching Costs Support a Wide Economic Moat Julie Bhusal Sharma Apr 12, 2024 Business Strategy and Outlook Intuit is the giant behind U.S. small-business accounting software QuickBooks and do-it-yourself U.S. tax software TurboTax. With TurboTax and QuickBooks online sales having … [Read more...]
Autodesk Inc Morningstar report
The following was extracted from Morningstar report: Autodesk Earnings: Solid Results, With Early Renewal Strength and Strong Profitability Julie Bhusal Sharma Mar 1, 2024 We raise our fair value estimate for wide-moat Autodesk to $275 per share, from $247, after the company reported strong results for its fiscal fourth quarter. … [Read more...]
NVIDIA Corporation Morningstar report
The following was extracted from Morningstar: Nvidia: Blackwell Platform, Higher Capex Should Drive Growth; Raising Fair Value by 25% to $910 Brian Colello Mar 19, 2024 Nvidia’s GTC conference keynote address introduced the company’s latest artificial intelligence graphics processor, or AI GPU, Blackwell, along with its … [Read more...]
Etsy Inc Morningstar report
The following was extracted from Morningstar: Value Orientation Poses Stout Near-Term Headwinds, but We Like Etsy's Long-Term Positioning Sean Dunlop Feb 23, 2024 Business Strategy and Outlook Etsy has carved out an interesting competitive niche, jockeying for e-commerce wallet share across a variety of … [Read more...]
PayPal Holdings Inc Morningstar report
The following was extracted from Morningstar: Analyst Note | by Brett Horn Updated Nov 04, 2022 PayPal delivered a solid third quarter, in our view, with growth largely holding at its recent trajectory and the company making some strides in its efforts to restore margin levels. Overall, we didn't see anything in the quarter that would materially alter our view. We will … [Read more...]
Constellation Brands, Inc. Morningstar report
The following was extracted from Morningstar: Constellation Earnings: Strong Profit on Beer Volume Expansion, but Wine and Spirits Still Weak Dan Su Equity Analyst Analyst Note We don’t plan any material changes to our $275 fair value estimate after absorbing wide-moat Constellation Brands’ … [Read more...]