At the moment the estimated age profiles I've been playing with are completely flexible and there is no necessary relationship between
the estimated growth at age x and x +1.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our
growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately
estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or
at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and
estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
The IIF
estimates non-hydrocarbon real GDP
growth at 2.7 percent in 2018 and 2019, compared to 1 percent last year, mainly driven by fiscal stimulus.
Budget 2016
estimates for nominal GDP
growth appear reasonable, with 2016 NGDP
growth pegged
at 2.4 per cent (1.4 per cent real GDP
growth plus 1.0 per cent GDP inflation).
This paper, however, proposes a different approach: Before pressing the overdrive button on money printing presses, Tokyo might wish to take a careful look
at why the last 15 years of ultra-loose credit policies failed to move the economy closer to its
estimated potential
growth rate of 1.5 percent.
«To us, RCL's valuation is especially attractive in relation to EPS
growth, which we
estimate at +19.1 % and +19.3 % in 2017E and 2018E, respectively, compared to CCL
at +7.7 % and +14.5 %, respectively,» analyst Joseph Greff said in a note Thursday.
Sales
at stores open
at least a year increased 5.7 percent, above the average analyst
estimate of 4.6 percent
growth, according to Thomson Reuters I / B / E / S.
However, the decline in GDP
growth was much larger
at 4pp (to -1.1 % y / y from 3.1 % prior to the increase in the VAT), implying significant downside risk to our
estimates.»
If nothing changes, the memo to Morneau
estimates potential
growth will «remain low» over the next 15 years
at 1.7 per cent.
Bank of Japan governor Haruhiko Kuroda said he is in regular talks with Japanese Prime Minister Shinzo Abe about opening Japan to more immigration and other politically sensitive changes needed to improve potential
growth, currently
estimated at only around one percent annually.
The Atlanta Fed
estimates second - quarter
growth at 1.7 percent.
«The lower shipments suggest that Apple's Greater China revenues should be
at the very least a significant drag on our overall
estimate of 18 percent iPhone revenue
growth in the second fiscal quarter,» Kvaal added.
Brian Fitzgerald, an internet analyst
at Jefferies & Co.,
estimates Kayak is poised to generate compounded annual
growth of
at least 30 % over the next three years.
In a paper co-authored with colleagues
at Stanford and the University of Chicago, Bloom
estimates an increase in policy uncertainty between 2006 and 2011 might have shaved up to 2.3 percentage points off GDP
growth.
Echelon is now focusing its
growth on «smart» commercial & municipal LED lighting (although its fab-less chip business has apparently now stabilized after a long decline), and if the lighting business accelerates (and it could, due to recent sales force hires and new products), I think there's a chance it can hit a break - even annualized revenue run - rate of $ 40 million by Q4 - 2019 (pushed back from my earlier hoped - for timeline)
at which point — assuming $ 14 million of remaining net cash (vs. an
estimated $ 18 million
at the end of Q2 2018) and 4.7 million shares outstanding (vs 4.52 million today), an enterprise value of 1x revenue on this 53 % gross margin company would put the stock in the mid - $ 11s per share.
Yet, it still trades
at 38X this year's consensus
estimates (30 X 2019 consensus); great food, great concept, great
growth story, just expensive.
Similarly, looking
at it from an enterprise value basis, assuming a free cash flow margin of 25 % for FY18 (consensus
estimates are
at 24 %) on sales
growth of 12 % (in - line with consensus) along with a EV / FCF multiple of 11x (in - line with the peak multiple leading up to the iPhone 6 cycle), we come up with a stock value in the mid $ 160s as well.
That sounds much faster than the 2.5 % to 3 %
growth expected here
at home, but many economists doubt the accuracy of Chinese government numbers,
estimating that
growth will be closer to 3 % to 4 % in the years to come.
Analysts
estimate that earnings
growth will continue strong for the next few years, though they are not even accounting for the Bitcoin initiative
at the Bank.
«Global demand for protein and meat is growing
at a rapid pace, with an
estimated worldwide market of more than a trillion dollars, including explosive
growth in China.
Based on
estimates of labor force and productivity
growth at the time, if you asked a standard - issue macroeconomist back then where real GDP would be today, this is the line she would have showed you.
China's air travel
growth is
estimated at closer to 6.1 percent as its already - massive middle class expands even more.
The fund maintained its forecast of 2012 economic
growth at 3.5 percent, but it cut its forecast of
growth in 2013 to 3.9 percent, down from the
estimate of 4.1 percent it made in April.
Growth is expected to have rebounded this summer, with the Federal Reserve Bank of Atlanta's closely watched
estimate forecasting the economy is expanding
at a 3.4 % rate in the third quarter.
ADP's number was also below earlier analyst
estimates of
at least 200,000 new jobs added each month for the remainder of 2012, and barely above the 150,000 new jobs needed simply to keep pace with economic
growth and new job market entrants.
The figure includes the unemployment rate, the Fed's
estimate of the «natural rate» — the lowest unemployment rate they believe to be consistent with stable inflation
at the 2 % target — year - over-year wage and price
growth (using the core - PCE deflator, the Fed's preferred inflation benchmark right now).
At the time, Mark Zandi, chief economist at Moody's Analytics, estimated higher oil prices had chopped 0.5 percentage points from growth in the first quarte
At the time, Mark Zandi, chief economist
at Moody's Analytics, estimated higher oil prices had chopped 0.5 percentage points from growth in the first quarte
at Moody's Analytics,
estimated higher oil prices had chopped 0.5 percentage points from
growth in the first quarter.
Global spending on drones is likely to reach $ 9 billion this year and is expected to grow
at a compound annual
growth rate of 30 percent in the next five years, according to research firm IDC, which
estimates more than half of that spending will be on drones for commercial use.
At the meeting, central bankers raised their median
estimates for US
growth to 2.7 per cent for 2018 from 2.5 per cent projected in December.
If you're torn between settling down in Columbus and Indianapolis, consider this: Columbus» future job
growth — the projected change in job availability over the next 10 years — is
estimated at nearly 43 percent compared to nearly 41 percent in Indianapolis, according to Sperling's.
The labor market in Fargo shows a lot of promise, as the city has the second - lowest unemployment rate on our list, behind only neighboring Sioux Falls, S.D. And, future job
growth over the next 10 years is
estimated at nearly 43 percent, according to Sperling's.
In February 2017, the TMX - backed, Advancing Innovation Roundtable, chaired by Yaletown partner, Salil Munjal, published a comprehensive report containing recommendations on how to close the
growth capital gap in Canada, currently
estimated at $ 4 billion and growing.
Preliminary national accounts
estimates for 2012 will be released
at the end of February and will likely show lower - than - expected economic
growth for 2012.
Today, the market for specialty drugs is over 120 billion dollars, with annual
growth estimated at nearly 9 %.
Indeed, looking
at two nearly - identical tax reform packages, the Joint Committee on Taxation
estimated in 2011 that one producing $ 600 billion of net revenue would generate about one - third more
growth over the long run than a revenue - neutral tax reform with the same structure.
It is not a perfect analogy but — except, of course, for the part in which analyses that use the number of bookshops as a proxy for literacy are widely ridiculed — it is nonetheless similar to what happens when the health of the Chinese economy is measured by the reported GDP data, or when second - order measures, such as the dependence of Chinese
growth on debt, is
estimated by looking
at credit
growth in relation to GDP
growth.
Economic
growth forecast for 2013 is comparable to that witnessed in 2012 while the incremental impact of restraint measures announced in previous budgets is
estimated at about $ 5 billion, only slightly lower than that
estimated for 2012 - 13.
Quarterly U.S. earnings have been strong, but investors said worries are increasing that corporate profits are
at a peak, with
estimated year - over-year profit
growth for S&P 500 companies above 25 percent, according to Thomson Reuters data.
Of course, a new consensus that Canada's productivity is actually better than previously
estimated shouldn't discourage the adoption of measures in government and industry targeted
at improving productivity
growth.
Indeed, looking
at two nearly identical tax reform packages, the Joint Committee on Taxation
estimated in 2011 that one producing $ 600 billion of net revenue would generate about one - third more
growth over the long run than a revenue - neutral tax reform with the same structure.
But the Bank also has something
at its disposal to get around this if the numbers don't seem to add up — namely, reducing its
estimate of potential
growth in order to make the output gap smaller than the current baseline would suggest.
In fact, 2015 was the fourth straight year in which global GDP
growth,
estimated at 3.1 %, fell short of the 30 - year annual average of 3.6 %.
Looking
at the sector - wide performance of Corporate America in the second quarter of this year, more than 80 percent of the companies in information technology, healthcare and the financial - services space reported higher than
estimated EPS
growth, closely followed by the consumer staples industry producing food, beverages, household articles, while about 60 - 70 percent of the companies listed under the energy, utilities and materials sectors reported better than expected EPS numbers.
The central bank upped its
estimate for potential
growth — how fast an economy
at full capacity can expand without generating too much inflation — to 1.8 per cent over the next two years from a projection of 1.6 per cent in the January report.
If you look
at 14 % + upside (the difference between prevailing prices and the
estimated intrinsic value), 15 % + annual EPS
growth, and a ~ 3 % yield, that adds up to over a 32 % total return for 2018 alone.
The BEA's first guess
at Q4 real GDP
growth was +0.7 % — matching the Atlanta Fed's realtime
estimate.
The storms, which killed
at least 147 people and caused an
estimated $ 6bn in damage, are likely to trim another 0.1 per cent off 2013
growth, bringing this year's official forecast to 1.7 per cent, Luis Videgaray, finance secretary, has concluded.
An
estimate of its near - term compound annual EPS
growth is
at 13 %.
At the same time, stock analysts have continued to increase their
estimates for earnings
growth.
Notably, the initial
estimate for third - quarter gross domestic product (GDP)
growth came in
at an annual rate of 1.5 %, well down from the second quarter's 3.9 % rate.