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Hellenic Petroleum SA (ELPE) Earnings: Q3 Results Surpass EBITDA Estimates Despite Revenue Decline

By | Earnings Alerts
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  • Helleniq Energy’s 3Q24 adjusted EBITDA was €183 million, surpassing expectations of €171.5 million.
  • Compared to the previous year, adjusted EBITDA decreased by 54%.
  • Adjusted net income for 3Q24 was €49 million, down 78% year-over-year.
  • The company reported a net loss of €198 million, contrasting with a profit of €300 million the previous year.
  • Refining sales volumes increased by 8.3% year-over-year, reaching 4.16 billion metric tons.
  • EBITDA for 3Q24 was €90 million, an 82% decline compared to the previous year.
  • Revenue decreased by 6.3% to €3.19 billion but still surpassed estimates of €3.15 billion.
  • For the nine-month period, adjusted net income was €284 million, a 43% reduction from the prior year.
  • Nine-month adjusted EBITDA totaled €753 million, reflecting a 22% year-over-year decrease.
  • Despite a 97% drop, nine-month net income was €12 million.
  • Nine-month EBITDA was €622 million, down 31% from the previous year.
  • Refining sales volumes for the nine months rose by 5.8%, amounting to 12.15 billion metric tons.
  • Weak benchmark refining margins affected 3Q24 results as anticipated.
  • The CEO highlighted positive nine-month performance, particularly in Refining, Supply & Trading, which contributed €0.6 billion to adjusted EBITDA.
  • The board declared a €0.20 per share interim dividend, supported by 9M24 profitability.

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A look at Hellenic Petroleum Sa Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth5
Resilience3
Momentum2
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts at Smartkarma have assessed Hellenic Petroleum S.A.’s long-term outlook using Smart Scores, a rating system ranging from 1 to 5 for different factors. The company has received high scores in Dividend and Growth categories, indicating a positive outlook in terms of dividend payouts and potential for expansion. Additionally, Hellenic Petroleum scored well in the Value category, reflecting strong fundamentals. However, the company scored lower in Resilience and Momentum, suggesting some room for improvement in handling volatility and capitalizing on market trends.

Hellenic Petroleum S.A. is actively involved in various aspects of the petroleum industry, from exploration and production to refining and marketing of petroleum products. The company also engages in petrochemical and chemical production, along with operating pipelines and offering engineering services. With refineries in key locations such as Thessaloniki and the Athens metropolitan area, Hellenic Petroleum is strategically positioned in the market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Grasim Industries (GRASIM) Earnings: 2Q Net Income Misses Estimates Despite Revenue Growth

By | Earnings Alerts
  • Grasim Industries reported a net income of 7.21 billion rupees for the second quarter, a decrease of 9.3% compared to the previous year, missing the estimate of 8.59 billion rupees.
  • The company’s revenue reached 76.2 billion rupees, showing an 18% increase year-over-year and surpassing the estimate of 74.89 billion rupees.
  • Viscose revenues rose by 6.2% year-over-year to 41.3 billion rupees.
  • Chemicals revenues saw a 3% year-over-year increase, amounting to 20.5 billion rupees.
  • Total costs escalated by 26% year-over-year, reaching 78.7 billion rupees.
  • Raw material costs increased by 23% year-over-year to 37.5 billion rupees, aligning closely with the estimated 37.56 billion rupees.
  • Other income significantly increased by 70% year-over-year, totaling 12.9 billion rupees.
  • Analyst ratings for Grasim Industries include six buy recommendations, three holds, and one sell rating.

A look at Grasim Industries Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Grasim Industries Limited, a key player in the Aditya Birla group, is poised for a promising future based on its Smartkarma Smart Scores. Boasting a solid Value score of 4, the company is deemed to have strong fundamentals that provide a good investment opportunity. While its Growth and Momentum scores stand at 3, reflecting a steady trajectory and positive market sentiment, its Dividend score of 3 hints at decent returns for investors. Although Grasim Industries scores lower on Resilience with a rating of 2, indicating potential vulnerability to market changes, its overall outlook appears optimistic.

As a diversified operating company, Grasim Industries manufactures an array of products such as Viscose Staple Fiber (VSF), cement, chemicals, and textiles. With its key strengths highlighted in the Smart Scores, investors may find Grasim Industries to be an attractive investment option for the long term. The company’s strategic position within the Aditya Birla group, coupled with its favorable Smart Scores, suggests a potentially favorable trajectory ahead, making it one to watch in the market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Hero Motocorp (HMCL) 2Q Earnings: Net Income Surpasses Estimates with Strong Revenue Growth

By | Earnings Alerts
  • Hero MotoCorp reported a notable 14% increase in net income for the second quarter, reaching 12.0 billion rupees, surpassing market estimates of 11.52 billion rupees.
  • Revenue rose by 11% year-over-year to 104.6 billion rupees, slightly above the estimated 102.13 billion rupees.
  • Total costs increased by 10% from the previous year, amounting to 91.46 billion rupees.
  • Raw material costs accounted for 69.17 billion rupees, marking a 6.7% rise compared to the previous year.
  • Other income saw a 14% growth, totaling 2.83 billion rupees this quarter.
  • EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reached 15.16 billion rupees, showing a 14% year-over-year improvement and exceeding the forecast of 14.82 billion rupees.
  • The company’s EBITDA margin increased to 14.5% from 14.1% a year earlier, close to the estimated margin of 14.6%.
  • Analyst ratings for Hero MotoCorp include 27 buys, 7 holds, and 8 sells.

A look at Hero Motocorp Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth3
Resilience5
Momentum2
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Hero MotoCorp Ltd, a renowned company in the motorcycle industry, appears to have a positive long-term outlook based on the Smartkarma Smart Scores. With a strong emphasis on dividends and resilience, scoring a solid 5 in both categories, the company shows a commitment to rewarding its shareholders and weathering market uncertainties. Its focus on value and moderate growth, scoring 3 in each, indicates a stable performance with room for development. However, the momentum score of 2 suggests that the company may need to work on boosting its market presence and investor interest to accelerate its growth trajectory.

Hero MotoCorp Ltd, a prominent player in motorcycle design, manufacturing, and distribution, stands out with its impressive dividend payout and resilient nature. Offering a wide range of motorcycles, parts, and accessories, the company demonstrates a commitment to shareholder value and steady growth. While scoring high in dividend yield and resilience, Hero MotoCorp could potentially enhance its market momentum to attract more investors and further solidify its position in the competitive industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Schwab (Charles) (SCHW) Earnings: October Core Net New Assets Hit $24.6B Amid Strong Client Growth

By | Earnings Alerts
  • Schwab reported core net new assets totaling $24.6 billion for October.
  • The company observed bank deposits amounting to $83.26 trillion.
  • Net new client assets for the period reached $22.7 billion.
  • Schwab’s total client assets are valued at $9.85 trillion.
  • A total of 331,000 new brokerage accounts were opened during the period.
  • Current analyst recommendations include 15 “buys,” 9 “holds,” and 2 “sells.”

A look at Schwab (Charles) Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth3
Resilience4
Momentum3
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Charles Schwab is positioned with a solid outlook for the long term. With balanced scores across key factors including Value, Dividend, Growth, Resilience, and Momentum, Schwab is set to maintain a steady performance in the financial services sector. The company’s emphasis on providing a variety of financial services to individual investors, independent investment managers, and institutions positions it well for sustained growth and value creation.

Charles Schwab Corporation, with its diversified offerings in securities brokerage, banking, and related financial services, appears well-placed to cater to a wide range of clients in the domestic and international markets. Its consistent scores in essential areas such as Resilience indicate the company’s ability to weather economic uncertainties and market fluctuations. Schwab’s balanced scores across various parameters highlight its overall stability and potential for long-term success in the financial industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Glenmark Pharmaceuticals (GNP) Earnings: 2Q Net Income Climbs to 3.54B Rupees, Surpassing Loss from Previous Year

By | Earnings Alerts
  • Glenmark Pharma reported a net income of 3.54 billion rupees in the second quarter of 2024.
  • This marks a significant turnaround from the previous year’s loss of 819.5 million rupees.
  • The company’s revenue increased by 7% year-over-year, reaching 34.3 billion rupees, although it fell short of the estimated 34.92 billion rupees.
  • Glenmark’s total costs slightly decreased by 0.3% year-over-year, totaling 30 billion rupees.
  • Analyst recommendations for Glenmark Pharma include 7 “buy” ratings, 4 “hold” ratings, and 2 “sell” ratings.

Glenmark Pharmaceuticals on Smartkarma

Analysts on Smartkarma, like Nitin Mangal, have been closely monitoring Glenmark Pharmaceuticals, with a bearish sentiment on the company’s recent performance. In a recent report titled “Glenmark Pharma- Value Erosion Not Something New,” Nitin highlights the FY24 results of Glenmark Pharmaceuticals, showing an 85% decrease in Profit Before Tax (PBT) due to exceptional items such as sale gains and asset impairments. The consistent trend of impairments in the company’s financials is a cause for concern, as evidenced by the significant drop in PBT from INR 2.4 billion to INR 365 million, reflecting ongoing challenges in their operations.


A look at Glenmark Pharmaceuticals Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth2
Resilience4
Momentum5
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma’s Smart Scores, Glenmark Pharmaceuticals Ltd. shows a promising long-term outlook. With a high Momentum score of 5, the company is demonstrating strong market performance and potential for future growth. Additionally, Glenmark Pharmaceuticals scores well in Resilience with a score of 4, indicating its ability to withstand market volatility and economic challenges. Although Value and Dividend scores are moderate at 3 and 2 respectively, the company’s Growth score of 2 suggests room for expansion and development in the future.

Glenmark Pharmaceuticals Ltd. operates in the pharmaceutical sector, specializing in the development of generic drugs for inflammation, metabolic disorders, and pain. With a competitive outlook based on Smartkarma’s Smart Scores, the company’s strong Momentum and Resilience indicators bode well for its future performance and sustainability in the market. Investors may find Glenmark Pharmaceuticals an attractive prospect for long-term investment based on its overall outlook and position within the pharmaceutical industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Enav SpA (ENAV) Earnings: 9M EBITDA Reaches €222.8 Million with Strong Revenue of €770.5 Million

By | Earnings Alerts
  • Enav reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of 222.8 million euros for the first nine months of the year.
  • The company’s revenue for the same period amounted to 770.5 million euros.
  • Analyst ratings for Enav include 8 buy recommendations, 2 hold recommendations, and no sell recommendations.

Enav SpA on Smartkarma

Enav SpA, a company in the European airport concession industry, is under the analyst spotlight on Smartkarma, a platform for independent investment research. A recent report by the Value Investors Club, titled “Enav Spa (ENAV IM) – Tuesday, Feb 27, 2024,” indicates a bullish sentiment towards ENAV’s stock. The analysis highlights that ENAV’s stock is currently trading at a lower multiple compared to its industry peers. The report also suggests that shareholder activism could potentially influence board decisions, despite the majority ownership by the Italian government. Furthermore, the report projects an improvement in ENAV’s cash flow, with a potential 15% free cash flow yield by 2025. The analysis points out that ENAV presents minimal downside risk and significant upside potential if it trades closer to historical valuation multiples.

This detailed insight provided by the Value Investors Club offers valuable information for investors interested in ENAV SpA. With a focus on key factors affecting the company’s stock performance, such as industry comparisons, shareholder influence, and future cash flow projections, investors can make informed decisions. It’s important to note that the analysis is based on publicly available sources and was originally published on Value Investors Club. By leveraging the expertise of independent analysts on platforms like Smartkarma, investors can gain unique perspectives and strategic insights to navigate the complexities of the market and potentially capitalize on investment opportunities.


A look at Enav SpA Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Enav S.p.A., a company providing air navigation and transportation support services mainly in Italy, has been assessed using the Smartkarma Smart Scores. With a high rating in Dividend at 5, Enav demonstrates strong performance in distributing profits to its shareholders. The company also shows promising Growth, Resilience, and Momentum scores at 4 each, indicating a positive long-term outlook for its ability to expand, withstand market uncertainties, and sustain its positive market momentum.

While Enav’s Value score is slightly lower at 3, the overall assessment based on the Smart Scores suggests a favorable long-term outlook for the company. Investors looking for a company with consistent dividend payouts, solid growth potential, resilience in unpredictable markets, and positive market momentum may find Enav SpA an attractive investment option in the aviation industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Interpump Group (IP) Earnings: 3Q Sales Align with Estimates Amid Projected Revenue Contraction

By | Earnings Alerts
  • Interpump’s net sales for the third quarter reached €492.8 million, meeting market expectations at €492 million.
  • Year-over-year, net sales saw a decrease of 8%.
  • The company’s EBITDA stood at €111.5 million, slightly below the estimated €112.5 million and marking a 14% decline year-over-year.
  • Consolidated net income was €50.3 million, reflecting a substantial 30% decrease compared to the previous year.
  • EBIT was reported at €82.3 million, down by 20% year-over-year.
  • Interpump anticipates a mild revenue contraction in 2024, predicting a high single-digit decline on an organic basis.
  • Despite the expected revenue contraction, the company is optimistic about its EBITDA performance, projecting it to be between 22.5% and 23% of turnover.
  • The current analyst ratings include 7 buys, 3 holds, and no sells.

A look at Interpump Group Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
Resilience4
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Interpump Group S.p.A., a company that specializes in manufacturing pumps, hydraulics, and cleaning equipment, shows a promising long-term outlook based on Smartkarma Smart Scores. With solid scores in key areas, including Value, Growth, Resilience, and Momentum, the company is positioned well for future success. Particularly noteworthy are its high scores in Resilience and Momentum, indicating a strong ability to weather economic fluctuations and maintain consistent performance.

Overall, Interpump Group‘s Smart Scores suggest a positive trajectory for the company, reflecting its resilience in challenging times and momentum for continued growth. While there may be room for improvement in areas such as Dividend and Value scores, the company’s strong performance in key factors bodes well for its long-term prospects in the manufacturing sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Emaar Economic City (EMAAR) Earnings: 3Q Net Income Surpasses Estimates with Strong Revenue Growth

By | Earnings Alerts
  • Emaar Properties reported a net income of 3.18 billion dirhams for the 3rd quarter.
  • The net income showed a -3.3% year-over-year decrease.
  • Market estimates for net income were 2.38 billion dirhams, which Emaar exceeded.
  • Total revenue reached 9.39 billion dirhams, marking a 54% increase from the previous year.
  • The projected revenue was 7.02 billion dirhams, which Emaar surpassed.
  • Earnings per share (EPS) stood at 0.36 dirhams, slightly down from 0.37 dirhams last year.
  • Analysts estimated the EPS to be 0.28 dirhams, which Emaar surpassed.
  • The company received 13 buy ratings, with no holds or sell recommendations from analysts.

A look at Emaar Economic City Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analyzing Emaar Economic City‘s Smartkarma Smart Scores, the company demonstrates a promising long-term outlook. With strong scores in Value and Momentum, Emaar Economic City is positioned well for potential growth and performance in the real estate sector. The Value score of 4 reflects the company’s favorable valuation metrics, indicating that it may be undervalued compared to its peers. In addition, the Momentum score of 4 suggests positive market momentum, highlighting investor interest and potential for further price appreciation.

Despite lower scores in Dividend, Growth, and Resilience, Emaar Economic City‘s overall outlook remains positive. The company’s focus on developing properties for various uses and its ability to market and sell properties are key strengths. While the lower scores in Dividend, Growth, and Resilience indicate areas for improvement, Emaar Economic City‘s strong Value and Momentum scores bode well for its future prospects in the real estate market.

Summary: Emaar Economic City is a real estate consortium that specializes in developing properties for multiple uses, infrastructure facilities, and marketing and selling plots. With a solid overall Smartkarma Smart Scores profile, particularly in Value and Momentum, the company shows promise for long-term growth and performance in the real estate industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Factset Research Systems Inc (FDS) Earnings: FY Revenue and EPS Expectations Reaffirmed, Medium-Term Growth Outlook Introduced

By | Earnings Alerts
  • FactSet reaffirmed its fiscal year revenue guidance, projecting between $2.29 billion to $2.31 billion, aligning with the market’s estimate of $2.3 billion.
  • The company maintained its adjusted earnings per share (EPS) forecast, with expectations ranging between $16.80 to $17.40, whereas the market estimates it at $17.20.
  • FactSet predicts its adjusted operating margin to sit between 36% and 37%, closely matching the estimate of 36.7%.
  • For the medium-term outlook, FactSet anticipates adjusted EPS to grow at a high single to low double-digit rate annually through fiscal 2028.
  • Organic Annual Subscription Value (ASV) is expected to increase at a mid-to-high single-digit rate annually through fiscal 2028.
  • FactSet projects its adjusted operating margin to be between 37% and 38% by the end of fiscal 2028.
  • The firm reaffirmed its guidance for fiscal 2025 and introduced a new medium-term outlook.
  • Current analyst ratings for FactSet include 4 buys, 11 holds, and 7 sells.

Factset Research Systems Inc on Smartkarma

Analyst coverage of Factset Research Systems Inc on Smartkarma reveals a mixed outlook for the company. Baptista Research recently published insights on the challenges and successes faced by FactSet in their fiscal Q4 2024 earnings presentation. Despite demonstrating growth with organic Annual Subscription Value (ASV) and professional services, the company encountered market saturation and competition issues. Total revenue rose to $2.2 billion while adjusted EPS increased to $16.45, reflecting a 12.3% growth over the fiscal year.

Furthermore, Baptista Research‘s analysis also highlighted FactSet’s efforts in aligning with evolving data demands and strengthening its presence in private markets for competitive differentiation. The company’s performance in the face of a challenging market environment was evident in its consistent annual revenue growth and improved operating margin. Despite facing pressures such as tightened client budgets, FactSet’s strategic moves and financial growth show resilience amidst market challenges.


A look at Factset Research Systems Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

FactSet Research Systems Inc. has received a varied outlook based on Smartkarma Smart Scores across different factors. With a strong score in Growth and Momentum, the company appears set for long-term expansion and positive market performance. This suggests that FactSet Research Systems Inc. may continue to experience robust growth and maintain its market momentum over time.

While the scores for Value and Dividend are moderate, the company’s Resilience score indicates a certain level of stability and ability to withstand market fluctuations. This combination of factors paints a picture of a company with promising growth opportunities and a solid foundation, positioning FactSet Research Systems Inc. favorably in the market as it navigates the ever-changing financial landscape.

Summary: FactSet Research Systems Inc. is a provider of global economic and financial data to financial professionals. By offering a comprehensive online platform that consolidates data from various sources, including fundamental data, the company serves analysts and investment bankers with essential information and analytics.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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CI Financial (CIX) Earnings: 3Q Adjusted EPS Surpasses Expectations with Strong Revenue Growth

By | Earnings Alerts
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  • CI Financial‘s adjusted earnings per share (EPS) for Q3 2024 was C$0.97, beating the estimate of C$0.90 and surpassing last year’s C$0.81.
  • The company reported a loss per share of C$0.19 during this period.
  • Average assets under management rose by 8.5% year-over-year to C$132.5 billion, slightly below the estimated C$134.31 billion.
  • Free cash flow increased by 7.2% year-over-year, reaching C$192.3 million, surpassing the estimate of C$190.6 million.
  • Adjusted basic EPS for the quarter was C$0.98, compared to C$0.82 last year.
  • CI Financial‘s net revenue jumped by 27% year-over-year to C$785.4 million, exceeding the estimate of C$758 million.
  • Total assets under management increased by 14% year-over-year to C$135.40 billion, just below the estimated C$141.38 billion.
  • CI Financial‘s strategy has bolstered its position as a leading fee-only private wealth firm in the U.S., experiencing 7.9% quarter-over-quarter growth in adjusted EBITDA.
  • The company kept adjusted selling, general, and administrative costs flat relative to the previous quarter, while adjusted net revenues rose by 3.2%.
  • Market analysts provided 4 buy recommendations, 3 hold recommendations, and 1 sell recommendation for CI Financial.

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A look at CI Financial Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth2
Resilience2
Momentum5
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

CI Financial Corporation, a prominent wealth management firm known for its diverse investment offerings, has seen a promising long-term outlook according to the Smartkarma Smart Scores. With a strong momentum score of 5, CI Financial stands out for its dynamic growth potential and market performance. This high momentum rating indicates a positive trend for the company’s future prospects, suggesting a promising trajectory ahead. While the growth and resilience scores are moderate at 2, the value and dividend scores are at a solid 3, showcasing a balanced market position with potential for value appreciation and income generation.

Specializing in a wide array of investment funds such as mutual funds, industry-specific funds, and hedge funds, CI Financial caters to a diverse range of investors seeking profitable opportunities. Despite moderate growth and resilience scores, the company’s strong momentum score of 5 signifies increasing market confidence and robust performance. This positive outlook, coupled with solid value and dividend scores of 3, positions CI Financial as a promising player in the wealth management sector with potential for sustained growth and shareholder returns in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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