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Cboe Global Markets, Inc.’s stock price soars to $193.78, marking a robust 4.33% increase

By | Market Movers

Cboe Global Markets, Inc. (CBOE)

193.78 USD +8.04 (+4.33%) Volume: 1.44M

Cboe Global Markets, Inc.’s stock price is currently standing at 193.78 USD, showcasing a positive trading session with a percentage change of +4.33%. With a trading volume of 1.44M and a year-to-date percentage change of +8.53%, CBOE’s stock performance continues to show promising growth.


Latest developments on Cboe Global Markets, Inc.

Cboe Global Markets has recently made headlines with a series of key events leading up to today’s stock price movements. From selling its Chicago ex-headquarters at half of its pre-pandemic value to surpassing Q2 earnings estimates and improving year-over-year, Cboe has been on a rollercoaster ride. Despite a fall in 2Q profits due to impairments, the company has lifted its revenue guidance and reported a quarterly profit that beat estimates, thanks to increased hedging activity by investors. With a focus on importing global trading into the US and targeting international demand for US options growth, Cboe has been making strategic moves to stay ahead in the market. Despite underperforming compared to competitors on some days, Cboe’s solid Q2 results and revenue guidance raise have kept investors interested in the company’s stock.


A look at Cboe Global Markets, Inc. Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience3
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

Looking at the long-term outlook for Cboe Global Markets using Smartkarma Smart Scores, the company shows strong potential for growth with a score of 5 in that category. This indicates that Cboe Global Markets is positioned well for expanding its market presence and increasing its revenue in the future. Additionally, the company scores a 3 in both Resilience and Momentum, suggesting that it has the ability to withstand market challenges and maintain a positive trajectory in the near term.

While Cboe Global Markets may not score as high in Value and Dividend, with scores of 2 in both categories, its strengths in Growth, Resilience, and Momentum make it a promising investment option for those looking for long-term growth opportunities in the marketplace. With its established role in trading options on various securities and its innovative trading model, Cboe Global Markets is well-positioned to continue its success in the trading 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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Public Storage’s Stock Price Soars to $311.90, Marking a Robust 3.94% Increase

By | Market Movers

Public Storage (PSA)

311.90 USD +11.82 (+3.94%) Volume: 1.22M

Public Storage’s stock price surges to $311.90, marking a considerable trading session increase of +3.94% with a robust trading volume of 1.22M. With its year-to-date performance showing a promising growth of +2.26%, PSA continues to be a compelling choice for investors.


Latest developments on Public Storage

Public Storage has been making headlines recently with a mix of positive and negative news affecting its stock price. From earning a technical rating upgrade to beating Q2 FFO estimates but trimming guidance, the company has been on a rollercoaster ride. Despite outperforming competitors on a strong trading day, the stock has also underperformed on other occasions, leading to a downgrade in its rating. With news of declining move-in rents and a pivot towards self-storage facilities, investors are closely watching Public Storage‘s every move. Most recently, an arrest was made after two dead cats were found at one of the company’s facilities, adding to the mix of events impacting its stock price today.


A look at Public Storage Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.4

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

Public Storage, a real estate investment trust, is showing a promising long-term outlook based on its Smartkarma Smart Scores. With above-average scores in Dividend, Growth, Resilience, and Momentum, the company is well-positioned for future success. While its Value score is not as high, the overall positive scores indicate a strong performance in key areas that investors look for.

Public Storage‘s focus on acquiring, developing, owning, and operating self-storage facilities in the US, along with its equity interest in European facilities, provides a diverse revenue stream. This, combined with its solid scores across important factors, suggests that the company is likely to continue its growth and maintain its position as a reliable investment option in the real estate 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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Extra Space Storage Inc.’s Stock Price Soars to $164.95 with a Robust 3.18% Increase: A Stellar Investment Opportunity

By | Market Movers

Extra Space Storage Inc. (EXR)

164.95 USD +5.09 (+3.18%) Volume: 1.45M

Extra Space Storage Inc.’s stock price is currently standing strong at 164.95 USD, witnessing an impressive rise of +3.18% in today’s trading session. With a substantial trading volume of 1.45M, the stock has shown a steady growth YTD with a percentage change of +2.88%, making EXR a compelling choice for investors looking for robust growth.


Latest developments on Extra Space Storage Inc.

Extra Space Storage Inc. has had a mixed second quarter, with its stock performance underperforming competitors despite daily gains. However, the company managed to exceed Wall Street expectations for its Q2 performance, reporting solid results and topping estimates for Funds From Operations (FFO) while also seeing an increase in occupancy. Despite some losses on the day, Extra Space Storage stock outperformed competitors overall. The company’s earnings call highlighted the positive results, with an increase in FFO guidance amidst market challenges, indicating a potential boost for the Real Estate Investment Trust (REIT) sector. Investors may want to consider buying Extra Space Storage stock for a potential rally in the REIT market.


Extra Space Storage Inc. on Smartkarma

According to a recent report by Value Investors Club, analyst coverage on Extra Space Storage (EXR) is leaning towards a bearish outlook. The author of the report expressed a negative sentiment towards self-storage REITs, particularly EXR, citing high valuations despite a challenging outlook and higher interest rates. The report also predicts that the industry’s long-term prospects are unfavorable due to institutionalization and increased competition.

The research report, titled “Extra Space Storage Inc (EXR) – Tuesday, Jan 9, 2024,” can be found on Smartkarma’s independent investment research network. The author’s insights on EXR and the self-storage REIT sector are based on publicly available sources and have been machine-generated. Despite being published 3 months ago, the report provides valuable information for investors looking to understand the current sentiment and analysis of Extra Space Storage.


A look at Extra Space Storage Inc. Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.4

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

Extra Space Storage has a promising long-term outlook based on its Smartkarma Smart Scores. With high scores in Dividend, Growth, and Momentum, the company is poised for continued success in the future. Its strong dividend and growth potential indicate a stable financial position and opportunities for expansion. Additionally, its positive momentum suggests that investors are optimistic about its prospects.

Despite having lower scores in Value and Resilience, Extra Space Storage‘s overall outlook remains positive. The company’s focus on professionally managed self-storage properties positions it well in the real estate investment trust sector. With a solid foundation and opportunities for growth, Extra Space Storage is likely to remain a key player in the market for years to come.


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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US Market Movers Today – 02 August 2024

By | Market Movers

Biggest stock gainers today in S&P 500

CompanyStock PricePercentage ChangeSmartkarma SmartScore
The Clorox Company (CLX)144.09 USD+7.42%2.8
GoDaddy Inc. (GDDY)151.25 USD+6.96%3.0
MarketAxess Holdings Inc. (MKTX)234.63 USD+6.06%3.0
Cboe Global Markets, Inc. (CBOE)193.78 USD+4.33%3.0
ResMed Inc. (RMD)223.64 USD+4.23%3.0
Public Storage (PSA)311.90 USD+3.94%3.4
Mondelez International, Inc. (MDLZ)70.68 USD+3.47%3.4
Extra Space Storage Inc. (EXR)164.95 USD+3.18%3.4
UnitedHealth Group Incorporated (UNH)589.83 USD+2.98%3.2
McDonald’s Corporation (MCD)276.69 USD+2.95%3.0

Biggest stock losers today in S&P 500

CompanyStock PricePercentage ChangeSmartkarma SmartScore
Intel Corporation (INTC)21.48 USD-26.06%3.2
Microchip Technology Incorporated (MCHP)75.43 USD-10.60%3.4
Prudential Financial, Inc. (PRU)110.26 USD-9.98%3.6
KKR & Co. Inc. (KKR)108.62 USD-9.29%3.0
Booking Holdings Inc. (BKNG)3328.13 USD-9.17%3.0
Amazon.com, Inc. (AMZN)167.90 USD-8.78%2.6
Micron Technology, Inc. (MU)92.70 USD-8.68%2.8
Jabil Inc. (JBL)99.62 USD-8.61%3.0
Norwegian Cruise Line Holdings Ltd. (NCLH)15.93 USD-8.18%2.4
Lam Research Corporation (LRCX)763.00 USD-8.11%3.0

What is Smartkarma SmartScore?

It is a compound score for a Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores (Value, Dividend, Growth, Resilience, Momentum scores) computed by Smartkarma.

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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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LIC Housing Finance (LICHF) Earnings: 1Q Net Income Surges Past Estimates at 13 Billion Rupees

By | Earnings Alerts
  • LIC Housing’s net income for Q1 is 13 billion rupees, which is a decrease of 1.8% year-on-year but beats the estimate of 12.35 billion rupees.
  • Revenue stands at 67.8 billion rupees, experiencing a small increase of 0.4% year-on-year.
  • Interest income is 67.4 billion rupees, up by 0.5% year-on-year.
  • Total costs have risen to 51.6 billion rupees, marking an increase of 1.2% year-on-year.
  • Finance costs surged by 5.7% year-on-year to 47.5 billion rupees.
  • Other income has fallen by 50% year-on-year, totaling 0.2 million rupees.
  • Investor sentiment includes 19 buy recommendations, 9 hold recommendations, and 4 sell recommendations.
  • Comparisons made are based on the company’s previously reported figures.

LIC Housing Finance on Smartkarma

Analysts on Smartkarma, including Ankit Agrawal, CFA, have recently provided positive coverage of LIC Housing Finance. Ankit Agrawal’s report titled “LIC Housing Finance (LICHF): Back on Track | All Set for a Strong FY25″ highlights how LICHF has overcome past operational challenges and is poised for significant potential growth. The company’s performance in Q4FY24, with substantial disbursements and improved asset quality, has boosted investor confidence.

In another report by Ankit Agrawal, CFA, titled “LICHF: FY24 PAT Is on Track to Be Strong | FY25 Will Be a Year of Robust Growth,” the focus is on LICHF’s resilience in the face of transitional obstacles in FY24 and the promising outlook for FY25. The emphasis on affordable housing as a growth driver and the continual improvement in asset quality signal a positive trajectory for LIC Housing Finance moving forward.


A look at LIC Housing Finance Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE3.4

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, LIC Housing Finance is looking at a promising long-term outlook. With a high Dividend score of 5, investors can expect good returns in the form of dividends. The Value score of 4 indicates that the company is seen as undervalued, presenting a potential opportunity for growth. However, the Resilience score of 2 suggests some vulnerability to market fluctuations, while the Growth and Momentum scores of 3 each signify moderate performance in terms of expansion and market momentum.

LIC Housing Finance Limited, a company that offers housing finance services across India, seems to have a solid foundation for growth with its strong emphasis on dividends and perceived undervaluation. Despite some concerns regarding resilience, the company’s overall outlook appears positive, backed by its established presence in the housing finance sector and diverse range of financial services offered to individuals and professionals.


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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Imperial Oil (IMO) Earnings: 2Q EPS Misses Estimates Despite Revenue Growth and Increased Production

By | Earnings Alerts
  • Imperial Oil reported 2nd quarter earnings per share (EPS) of C$2.11.
  • This is a significant year-over-year increase from C$1.15 EPS last year.
  • The market had estimated a slightly higher EPS of C$2.18.
  • Total revenues and other income reached C$13.38 billion, marking a 13% increase year-over-year.
  • This revenue figure exceeded the market estimate of C$12.29 billion.
  • Average production was 404,000 barrels of oil equivalent per day (boe/d), showing an 11% increase compared to last year.
  • Refinery throughput was 387,000 barrels per day (b/d), which is almost unchanged from the previous year,
    but slightly higher than the estimate of 381,775 b/d.
  • Capital expenditure for the quarter was C$462 million.
  • Current analyst recommendations include 5 buys and 15 holds, with no sell ratings.

A look at Imperial Oil Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth5
Resilience3
Momentum4
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

Imperial Oil Ltd., a company focused on producing and refining natural gas and petroleum products in Canada, is positioned favorably for long-term growth according to Smartkarma Smart Scores. With a strong growth score of 5, Imperial Oil shows promising potential for expansion and development in the future. This indicates that the company has solid strategies in place to increase its market share and profitability over the long run.

Furthermore, Imperial Oil also demonstrates positive momentum in its operations, scoring a 4 in this aspect. This suggests that the company is moving in a positive direction and has good prospects for continued success. While other factors such as value, dividend, and resilience score moderately, the high scores in growth and momentum indicate a bright long-term outlook for Imperial Oil as it continues to thrive in the energy 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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Britannia Industries (BRIT) Earnings: 1Q Net Income Misses Estimates Despite Higher Revenue

By | Earnings Alerts
  • Net Income: Britannia’s net income for the first quarter is 5.06 billion rupees, missing the estimated 5.28 billion rupees.
  • Revenue: The company reported revenue of 42.50 billion rupees, exceeding the estimate of 41.78 billion rupees.
  • Sale of Goods Revenue: Sale of goods revenue came in at 41.30 billion rupees, below the estimated 42.01 billion rupees.
  • Other Operating Revenue: Other operating revenue stood at 1.20 billion rupees, significantly higher than the estimate of 515.1 million rupees.
  • Total Costs: The total costs for the company were 36.00 billion rupees.
  • Other Income: Britannia reported other income of 556.1 million rupees.
  • Analyst Recommendations: There are 20 buy ratings, 14 hold ratings, and 5 sell ratings for Britannia.

A look at Britannia Industries Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth3
Resilience4
Momentum4
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

When looking at the long-term outlook for Britannia Industries, the Smartkarma Smart Scores provide a valuable insight into the company’s performance across different dimensions. With a high Dividend score of 5, Britannia Industries demonstrates a strong commitment to distributing profits to its shareholders. This indicates a stable financial position and potential for consistent returns for investors.

Additionally, Britannia Industries scores well in Resilience and Momentum, with scores of 4 for both factors. This suggests that the company has demonstrated the ability to weather economic uncertainties and maintain steady growth. While the Value score of 2 indicates that the stock may not be undervalued, the Growth score of 3 hints at potential opportunities for expansion in the future. Overall, Britannia Industries, a manufacturer of bakery products and other food items, shows promise for long-term investment based on its strong dividend policy and resilience 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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Titan Co Ltd (TTAN) Earnings: 1Q Jewelry Sales Fall Short of Estimates

By | Earnings Alerts
  • Titan Co’s first quarter jewelry sales were below expectations, reaching 107.87 billion rupees compared to the projected 114.15 billion rupees.
  • Watch sales for the same period also fell short of estimates, recording 10.21 billion rupees against the forecasted 10.3 billion rupees.
  • Eyewear sales came in slightly lower than expected, totaling 2.09 billion rupees versus the estimated 2.12 billion rupees.
  • Market analysts’ ratings include 16 buys, 10 holds, and 5 sells for Titan Co.

Titan Co Ltd on Smartkarma

On Smartkarma, independent analyst Brian Freitas has provided insightful coverage on Titan Co Ltd in relation to the Nifty100 Low Volatility 30 Index. According to Freitas, Titan is set to replace Indian Oil Corp in the index, with constituent, volatility, and capping changes leading to a turnover of 13.2% and a trade of INR 4.2bn. The flows on the stocks may not be significant, but there will be same side and offsetting flows from other index trackers. This indicates a positive outlook for Titan’s inclusion in the index.

Another report by Brian Freitas suggests the possibility of one change in the Nifty100 Low Volatility 30 Index in March, with four stocks competing for the single inclusion spot. While the deletion is expected, the final decision will come down to the wire. If implemented, the turnover is projected to be 12.6% with a trade of INR 3.7bn. The inclusion of Titan Co Ltd in this index could signal a favorable outlook for the company’s performance in the coming period, as indicated by Freitas’ analysis on Smartkarma.


A look at Titan Co Ltd Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience2
Momentum2
OVERALL SMART SCORE2.6

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

Analysts at Smartkarma have assessed Titan Co Ltd, a company well-known for manufacturing and retailing jewelry, watches, and perfume for men and women. Based on Smart Scores, Titan Co Ltd has generally positive outlooks for growth and dividends, scoring 4 and 3 respectively. This indicates that the company is expected to show strong growth potential and provide decent dividend yields in the long term. However, factors such as value, resilience, and momentum have received lower scores of 2, suggesting areas where Titan Co Ltd may need to focus on improving. Investors may find Titan Co Ltd an attractive option for potential growth and steady dividends.


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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Cboe Global Markets (CBOE) Earnings: 2Q Adjusted EPS Beats Estimates with Strong Revenue and Margin Growth

By | Earnings Alerts
  • Adjusted EPS: $2.15, up from $1.78 year-over-year, beating the estimate of $2.10.
  • Net Revenue: $513.8 million, up 10% year-over-year, slightly below the estimate of $514.8 million.
  • Total Revenue: $974.0 million, up 7.3% year-over-year, below the estimate of $984.7 million.
  • Adjusted EBITDA: $340.7 million, up 16% year-over-year, exceeding the estimate of $325.1 million.
  • Adjusted Operating Income: $316.7 million, up 15% year-over-year, beating the estimate of $313.6 million.
  • Adjusted Operating Margin: 61.6%, up from 58.8% year-over-year, higher than the estimate of 61.2%.
  • Organic Total Net Revenue Growth: Updated to 6-8% for 2024, previously forecasted at 5-7%.
  • Data and Access Solutions Organic Net Revenue Growth: Expected to hit the lower end of the 7-10% target.
  • Adjusted Operating Expense Guidance for 2024: Reaffirmed at $795 to $805 million.
  • Analyst Ratings: 6 buys, 10 holds, 1 sell.

A look at Cboe Global Markets 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

Analysts at Smartkarma have given Cboe Global Markets a mixed outlook based on their Smart Scores. The company scored a 4 in Growth and Momentum, indicating positive future prospects in terms of expansion and market performance. However, Cboe Global Markets received lower scores of 2 in both Value and Dividend, suggesting that the company may not be considered undervalued or a high dividend-yielding stock. Additionally, the Resilience score of 3 highlights a moderate level of stability and ability to withstand market fluctuations. Despite the varied scores, the overall outlook for Cboe Global Markets seems to lean towards growth and strong market momentum.

Cboe Global Markets, Inc. is a key player in the trading of standardized options on equity securities. Known for its expertise in options trading on various financial instruments like individual equities, market indexes, and exchange-traded funds, the company offers a diverse suite of products in multiple markets. With a hybrid trading model, Cboe Global Markets has carved a niche for itself in the trading industry, emphasizing innovation and adaptability to cater to the evolving needs of investors and traders.


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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Plains All American Pipeline, L.P. (PAA) Earnings: 2Q Adjusted EPU Misses Estimates Despite Positive EBITDA Growth

By | Earnings Alerts
  • Adjusted earnings per unit (EPU) stood at 31 cents, missing the estimate of 34 cents but higher than last year’s 25 cents.
  • Adjusted EBITDA was $674 million, a 13% increase year-over-year (y/y) and surpassing the estimate of $652.8 million.
  • Revenue reached $12.93 billion, up 11% y/y but slightly below the estimate of $12.97 billion.
  • Distributable cash flow per unit was 58 cents, up from 53 cents y/y.
  • Maintenance capital expenditures were $61.0 million, a 1.6% decrease y/y but slightly above the estimate of $59.6 million.
  • Total distributable cash flow was $467 million, an 8.6% increase y/y, beating the estimate of $446.2 million.
  • The company has increased its annual EBITDA guidance for 2024 based on year-to-date performance and outlook.
  • Analysts’ recommendations: 11 buys, 8 holds, and 2 sells.

Plains All American Pipeline, L.P. on Smartkarma

Analysts on Smartkarma are closely monitoring Plains All American Pipeline, L.P., with recent coverage by Baptista Research shedding light on the company’s focus on enhanced free cash flow generation. In their report titled “Plains All American Pipeline: How Is Their Focus on Enhanced Free Cash Flow Generation Expected To Materialize? – Major Drivers,” Baptista Research highlighted the company’s first-quarter 2024 results. Plains All American reaffirmed its commitment to capital discipline, robust free cash flow generation, and returning capital to investors. The management noted an adjusted EBITDA of $718 million for the quarter and expressed optimism in achieving their full-year EBITDA guidance of $2.625 billion to $2.725 billion. These results are in line with the company’s earlier projections, supported by strong operational performance and strategic investments.


A look at Plains All American Pipeline, L.P. Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
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

Plains All American Pipeline, L.P. shows a promising long-term outlook according to Smartkarma Smart Scores. With a solid Value score of 4, the company is considered to be trading at an attractive valuation compared to its peers. Additionally, a top-notch Dividend score of 5 indicates a strong dividend payment history, making it an appealing choice for income-seeking investors. The Growth score of 4 suggests strong potential for future expansion and development. While the Resilience score of 3 could be improved, the Momentum score of 4 showcases positive market sentiment and potential upward movement in the stock price.

Plains All American Pipeline, L.P. is well-positioned in the intrastate crude oil transportation and terminalling storage sector. The company’s involvement in gathering and marketing activities further diversifies its revenue streams. With a seasonally heated crude oil pipeline spanning from CA to TX and an oil gathering system in CA, Plains All American Pipeline, L.P. has established a strong foundation for continued growth and profitability in the 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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