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Host Hotels & Resorts (HST) Earnings: 2Q AFFO/Share Surpasses Estimates Amid Maui Recovery Challenges

By | Earnings Alerts
  • Adjusted Funds From Operations (AFFO) per share: 57 cents, higher than the estimated 56 cents and last year’s 53 cents.
  • Revenue reached $1.47 billion, a 5.2% increase year over year, meeting estimates.
  • Hotel occupancy rate was 74.4%, slightly up from 74.2% last year but below the estimated 75.2%.
  • Operating profit margins for 2024 are expected to be similar to 2023.
  • Comparable hotel EBITDA margins are predicted to decline due to impacts from the Maui wildfires, wage growth, real estate taxes, and insurance costs.
  • Comparable hotel RevPAR (Revenue Per Available Room) grew by 0.1% for the quarter, impacted by a slow recovery in Maui and a shift in leisure demand to international destinations.
  • Analyst recommendations: 17 buys, 3 holds, and 2 sells.

A look at Host Hotels & Resorts Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth5
Resilience3
Momentum3
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

Host Hotels & Resorts Inc., a real estate trust with a diverse portfolio of upscale and luxury full-service hotel properties across various international locations, presents a promising long-term outlook according to Smartkarma’s Smart Scores. With a high Growth score of 5, Host Hotels & Resorts is positioned for robust expansion and development opportunities in the hospitality sector. Additionally, a solid Dividend score of 4 indicates the company’s strong ability to provide stable returns to its investors over time. Although the Value score of 3 suggests fair valuation, the company’s Resilience and Momentum scores of 3 each imply a steady performance in navigating market challenges and maintaining a consistent growth trajectory.

Overall, Host Hotels & Resorts seems well-equipped to capitalize on growth prospects and deliver attractive dividends to shareholders, supported by its solid standings in Growth and Dividend scores. Its diverse international presence in key markets enhances its resilience, while maintaining decent momentum in its operations. Investors may find Host Hotels & Resorts a compelling long-term investment option based on its favorable Smart Scores evaluation.


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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Murphy USA Inc (MUSA) Earnings: Q2 Operating Revenue Falls Short of Estimates but EPS Surpasses Expectations

By | Earnings Alerts

Murphy USA 2Q Highlights

  • Murphy USA’s operating revenue for the second quarter was $5.45 billion, which is a 2.4% decline compared to last year.
  • This revenue figure missed the estimated $5.69 billion.
  • Earnings per Share (EPS) stood at $6.92, up from $6.02 last year.
  • President and CEO Andrew Clyde stated that the company’s strong performance was driven by continued outperformance in non-discretionary fuel and tobacco categories.
  • Despite this, they are revising their full-year merchandise margin guidance due to trends being below high expectations.
  • The company remains optimistic about customer spending on non-discretionary categories, which they see as creating sustainable value.
  • Murphy USA expects to accelerate New-To-Industry (NTI) activity in the second half of 2024 and into 2025.
  • Current analyst recommendations for Murphy USA include 3 buys, 2 holds, and 2 sells.

Murphy Usa Inc on Smartkarma

Analyst coverage of Murphy USA Inc on Smartkarma showcases the insights provided by Baptista Research. In the report titled “Murphy USA Inc.: Strong Performance in the Beverage Category & Other Critical Growth Drivers,” the analysis emphasizes the company’s first-quarter earnings in 2024, highlighting both positive and negative trends. Notably, the core Fuel and Tobacco businesses exhibited strong performance, with APSM fuel gallons remaining steady year over year and retail margins showing an increase.

Another report by Baptista Research, “Murphy USA Inc.: Initiation Of Coverage – Expansion Of Tobacco Business & Digital Transformation,” focuses on the company’s solid performance in the fourth quarter of 2023. This performance underpins Murphy USA’s commitment to delivering sustainable value. The report highlights the success in engaging loyal customers, with data showing increased spending levels. Additionally, the company’s new loyalty members exhibit similar behavior to long-standing customers, showcasing positive trends in customer retention and engagement.


A look at Murphy Usa Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
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

Based on the Smartkarma Smart Scores, Murphy USA Inc. shows a promising long-term outlook. With a Growth score of 4 out of 5, the company is expected to experience significant expansion in the future. This indicates positive prospects for increasing revenue and potential market share. Additionally, an impressive Momentum score of 5 suggests the company is currently in a strong upward trend, which may continue in the coming years.

While Murphy USA Inc. scores lower in Value, Dividend, and Resilience, with scores of 2 for each, the high ratings in Growth and Momentum indicate the company’s overall positive trajectory. With its primary focus on producing and distributing petroleum products globally, Murphy USA Inc. is positioned to capitalize on growth opportunities within the oil and gas 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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Markel Corp (MKL) Earnings: 2Q EPS Falls Short at $18.62, Misses $23.18 Estimate

By | Earnings Alerts
  • Markel Group Inc’s 2nd quarter earnings per share (EPS) were $18.62, significantly lower than last year’s $50.09 and the estimated $23.18.
  • Net premiums earned were $2.08 billion, showing a 2.3% increase compared to last year but falling short of the estimated $2.12 billion.
  • Net investment income was $223.1 million, a 31% increase from the previous year but slightly below the estimated $225.6 million.
  • Analyst ratings: 4 buys, 5 holds, and 2 sells for Markel Group Inc.
  • Conference call scheduled for August 1 at 9:30 a.m. New York time.

Markel Corp on Smartkarma





Analysts on Smartkarma are closely following Markel Corp, with insightful coverage provided by Baptista Research and Contrarian Cashflows.

Baptista Research initiated coverage on Markel Corporation, highlighting the company’s strong first-quarter 2024 results. They emphasized Markel Group’s impressive revenue growth of 23% to $4.5 billion and a significant 77% increase in operating income to $1.3 billion. The analysis sheds light on the successful performance across all three key divisions: Insurance, Investments, and Markel Ventures.

Contrarian Cashflows, on the other hand, shared their portfolio update for February 2024, mentioning their positions in Markel and Brookfield. Despite deviating from their typical investment style, they see these companies as solid alternatives to index funds, benefiting from experienced capital allocators like Tom Gayner and Bruce Flatt. The analysis hints at a potential gradual decrease in the size of these positions over time, reflecting confidence in their investment strategy.



A look at Markel Corp Smart Scores

FactorScoreMagnitude
Value4
Dividend1
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

Markel Corp, a company that specializes in niche insurance products and global property underwriting, is set for a positive long-term outlook according to the Smartkarma Smart Scores. With strong ratings in Value, Resilience, and Momentum, the company is positioned well to weather market fluctuations and capitalize on growth opportunities. However, the lower score in Dividend and Growth factors may indicate room for improvement in these areas to further enhance the company’s overall performance.

Markel Corp‘s high scores in Value, Resilience, and Momentum suggest a solid foundation for long-term success in the insurance industry. While the company may need to focus on boosting its scores in Dividend and Growth aspects, its diverse range of insurance and reinsurance businesses on a global scale provides a strong competitive advantage. Investors may find Markel Corp an attractive option for a stable investment with potential for growth and resilience in the face of market challenges.


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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Ansys Inc (ANSS) Earnings: 2Q Adjusted EPS of $2.50 Beats Estimates, Forecasting Strong Growth Ahead

By | Earnings Alerts
  • Ansys’ adjusted Earnings Per Share (EPS) for the second quarter is $2.50, surpassing last year’s $1.60 and beating the estimated $1.91.
  • The annual contract value (ACV) is $520.5 million, a 6.6% increase year-over-year, but below the estimated $539.4 million.
  • Company comments indicate expectations of double-digit ACV and revenue growth in the second half of 2024.
  • Ansys forecasts that the full-year (FY) 2024 ACV will grow by double digits.
  • Analyst recommendations include 2 buys, 11 holds, and 1 sell.

A look at Ansys Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth3
Resilience4
Momentum3
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

ANALYSIS: Ansys Inc, a company that specializes in software solutions for design analysis and optimization, has received varying Smart Scores across different factors. While scoring moderately in terms of value and momentum, Ansys Inc excels in resilience and growth, showcasing a strong ability to weather market fluctuations and maintain consistent growth potential. Despite a lower dividend score, the company’s focus on innovation and product development has driven its position in the market.

OUTLOOK: With a solid foundation in resilience and growth, Ansys Inc appears well-positioned for long-term success. The company’s robust software offerings that enhance product development processes and improve efficiency are likely to continue driving its performance. As Ansys Inc further capitalizes on its strengths in resilience and growth, it has the potential to solidify its position as a leading provider of design analysis solutions, catering to a wide range of manufactured products.


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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Idex Corp (IEX) Earnings: 2Q Adjusted EPS Surpasses Estimates Despite Sales Shortfall

By | Earnings Alerts
  • Idex’s adjusted EPS for Q2 2024 is $2.06, exceeding the estimate of $2.04.
  • Net sales reached $807.2 million, slightly below the estimate of $827.4 million.
  • Fluid & Metering Technologies reported net sales of $319.4 million, falling short of the $323.5 million estimate.
  • Health & Science Technologies achieved net sales of $303.8 million.
  • Fire & Safety/Diversified Products net sales stood at $185.4 million, close to the estimate of $185.8 million.
  • Adjusted EBITDA was $224.2 million, missing the $229.2 million estimate.
  • Fluid & Metering Technologies reported an adjusted EBITDA of $107.7 million.
  • Health & Science Technologies posted an adjusted EBITDA of $84.2 million.
  • Fire & Safety/Diversified Products exceeded expectations with adjusted EBITDA of $53.8 million, against an estimate of $50.5 million.
  • Adjusted gross margin came in at 45.4%, beating the 44.6% estimate.
  • Full-year organic sales growth is now projected to decline by 1% to 2%, down from previous guidance of 0% to 2% growth.
  • Full-year GAAP diluted EPS is forecasted to be between $6.85 and $6.95, with adjusted EPS expected to be between $7.80 and $7.90. This is a reduction from the prior guidance of $7.13 – $7.43 (GAAP) and $8.15 – $8.45 (adjusted).
  • Third quarter organic sales are projected to grow by 0% to 1% compared to the same period last year.
  • CEO Eric D. Ashleman noted that despite economic uncertainties, IDEX teams managed to improve margins sequentially in the second quarter.
  • Analyst consensus includes 8 buy ratings, 7 hold ratings, and no sell ratings for IDEX.

Idex Corp on Smartkarma

Idex Corp is receiving positive analyst coverage on Smartkarma from Baptista Research. In their report titled “IDEX Corporation: Increasing End Market Demand Driving Organic Growth! – Major Drivers,” Baptista Research highlights IDEX Corporation’s performance in Q1 2024. Despite mixed financial results due to various factors, the company demonstrated strong results in its Fluid & Metering Technologies and Fire & Safety/Diversified Products businesses. This showcases IDEX’s core execution capabilities and its ability to adapt in challenging market conditions, making it an attractive investment option.


A look at Idex Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience3
Momentum3
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

Based on Smartkarma Smart Scores, Idex Corp has a positive long-term outlook overall. The company scores high in Growth, Resilience, and Momentum, indicating strong potential for future expansion and stability. With a score of 4 in Growth, Idex Corp is likely to continue growing steadily in the coming years, showcasing promising prospects for investors.

Additionally, the company’s score of 3 in Resilience suggests that Idex Corp is well-equipped to weather economic challenges and uncertainties. This resilience factor, combined with a Momentum score of 3, indicates that the company is on a positive trajectory. While Value and Dividend scores are lower, the strengths in Growth, Resilience, and Momentum position Idex Corp favorably for long-term success.

Summary of the company: IDEX Corporation is a company that specializes in designing, manufacturing, and marketing various pump products, dispensing equipment, and engineered products. Its product range includes industrial pumps, lubrication systems, banding and clamping devices, and rescue tools. Serving customers in the United States and abroad, Idex Corp exhibits a diversified portfolio of offerings in the engineering 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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Tenaris SA (TEN) Earnings: 2Q Tubes Sales Surpass Estimates Despite Lower EBITDA and EPS

By | Earnings Alerts
  • Tubes Sales: $3.07 billion, exceeding estimates of $3 billion.
  • North America Tubes Sales: $1.41 billion, surpassing estimates of $1.31 billion.
  • South America Tubes Sales: $582 million, higher than the $570.8 million estimate.
  • Europe Tubes Sales: $267 million, beating estimates of $232.3 million.
  • Tubes Sales Volume: 1.03 million tons, matching the estimate of 1.03 million tons.
  • EBITDA: $650.2 million, below the estimate of $797.3 million.
  • EBITDA Margin: 19.6%, lower than the estimated 24.9%.
  • EPS (Earnings Per Share): 29 cents, below the estimate of 46 cents.
  • Free Cash Flow: $773.9 million, significantly higher than the estimate of $531.5 million.
  • Asia Pacific, Middle East & Africa Tubes Sales: $810 million, falling short of the $838.4 million estimate.
  • Analyst Ratings: 8 buys, 6 holds, and 2 sells.

A look at Tenaris SA Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
Resilience4
Momentum5
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

Looking at Tenaris SA‘s long-term outlook based on Smartkarma Smart Scores, the company seems to have a promising future ahead. With a strong focus on growth and momentum, Tenaris scores high in these areas, indicating a positive trajectory for the company. Its resilience score of 4 also suggests that it can weather challenges well, contributing to its overall stability. While the dividend score is moderate at 2, the company’s value score of 3 showcases its potential for solid performance in relation to its price. Tenaris SA, a manufacturing firm specializing in seamless steel pipe products, is well-positioned in the oil and gas industry.

With a solid growth and momentum score of 5 each, Tenaris SA shows potential for robust development and market momentum in the long term. The company’s resilience score of 4 further enhances its overall outlook, indicating its ability to withstand market fluctuations. Although the dividend score is moderate at 2, the value score of 3 suggests that there is room for potential value appreciation in the company. Tenaris’s expertise lies in manufacturing seamless steel pipe products while also offering services to various industries like oil and gas, energy, and mechanical sectors.


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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Service Corp International (SCI) Earnings: Q2 Revenue Meets Estimates Amid Decline in Funeral Services

By | Earnings Alerts
  • Service Corp reported a revenue of $1.03 billion for the second quarter, matching estimates and showing a 2% year-over-year increase.
  • Adjusted earnings per share (EPS) for the quarter were 79 cents, down from 83 cents year-over-year and below the estimate of 87 cents.
  • The company forecasts adjusted EPS for the year to be between $3.50 and $3.80, compared to an estimate of $3.67.
  • Service Corp experienced a higher than expected decline in funeral services performed towards the end of the quarter, negatively impacting performance due to their high fixed cost structure.
  • A growth of $21 million in revenue was partially attributed to the strong performance of the cemetery segment, resulting in slight margin growth compared to the previous year’s quarter.
  • Analyst ratings show confidence in the company with 5 buy ratings, and no hold or sell ratings.

A look at Service Corp International Smart Scores

FactorScoreMagnitude
Value2
Dividend3
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

Service Corp International is positioned with a moderate outlook for value and resilience, indicating a solid foundation but room for improvement. The company shines in terms of both growth and dividend, showing promising signs for long-term sustainability and potential returns for investors. Additionally, Service Corp International demonstrates strong momentum, suggesting positive market sentiment and performance. The company operates funeral service locations, cemeteries, and crematoria globally, offering prearranged funeral services across its key markets.


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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American Water Works Co (AWK) Earnings Surpass Estimates with $1.15 Billion Revenue in 2Q

By | Earnings Alerts
  • Operating revenue for American Water in the second quarter was $1.15 billion, a 4.7% increase year-over-year.
  • This revenue beat the estimated figure of $1.11 billion.
  • Earnings per share (EPS) for the period stood at $1.42, compared to $1.44 in the same quarter last year.
  • Operating income was reported at $449 million, which is a 3.9% rise from the previous year.
  • However, this was below the estimated operating income of $463.5 million.
  • Analyst recommendations for the stock include 6 buys, 8 holds, and 1 sell.

American Water Works Co on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been closely covering American Water Works Co with a bullish outlook. In a recent report titled “American Water Works Company: Initiation of Coverage – PFAS Regulatory Compliance,” Baptista Research highlighted the company’s strong start in 2023. The report indicated a rise in earnings per share (EPS) from $0.91 to $0.95 compared to the same quarter last year, in line with the company’s forecast. This increase was supported by factors like additional interest income related to the HOS sale, contributing to a positive earnings outlook for the full year.


A look at American Water Works Co Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience2
Momentum5
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

Analysts at Smartkarma have assessed American Water Works Co‘s long-term outlook based on their Smart Scores system. The company has received a positive score in Growth and Momentum, indicating strong potential for future growth and market performance. With average scores in Value and Dividend, American Water Works Co is seen as a stable investment option with moderate returns in terms of value and dividends. However, the company scored lower in Resilience, suggesting a level of vulnerability to economic downturns or external shocks.

American Water Works Co. is known for providing drinking water, wastewater, and other water-related services across various states and regions, including Ontario, Canada. As a leading player in owning regulated water and wastewater utilities, the company serves a diverse customer base comprising residential, commercial, and industrial clients. While the company shows promise in growth and momentum, investors may need to consider the potential risks associated with its resilience score when evaluating their long-term investment strategies.


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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Corebridge Financial (CRBG) Earnings: 2Q Operating EPS Surpasses Estimates Despite Lower Revenue

By | Earnings Alerts
  • Corebridge Financial’s Operating EPS for Q2 was $1.13, surpassing the estimate of $1.08.
  • Adjusted revenue for the quarter was $4.18 billion, falling short of the estimate of $5.64 billion.
  • Premiums earned amounted to $547 million, compared to the estimated $1.96 billion.
  • Net income reported was $365 million, lower than the projected $638.1 million.
  • Adjusted operating income reached $692 million.
  • The company highlighted having achieved $11.7 billion in premiums and deposits, marking the highest level in over a decade.
  • This strong performance was credited to high customer demand and a diverse product range coupled with a broad distribution platform.
  • Analyst Ratings: Corebridge Financial has 9 buy ratings, 5 hold ratings, and 0 sell ratings.

A look at Corebridge Financial Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth2
Resilience2
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

Corebridge Financial shows a promising long-term outlook based on the Smartkarma Smart Scores. The company scores high in both value and dividend factors, indicating strong potential for growth and attractive returns for investors. With a solid momentum score, Corebridge Financial seems to be on a positive trajectory, supported by its focus on retirement solutions and insurance products. However, the growth and resilience scores are moderate, suggesting some room for improvement in these areas. Overall, Corebridge Financial’s overall outlook appears favorable, with strengths in value, dividends, and momentum.

Corebridge Financial, Inc. operates as a life and annuity company, providing retirement solutions and insurance products to customers globally. The company’s strong scores in value and dividend, along with a solid momentum score, position it well for future growth and profitability. While growth and resilience scores could be higher, Corebridge Financial’s focus on delivering retirement solutions and insurance products highlights its commitment to meeting the needs of its customer base. Investors may want to keep an eye on this company as it continues to navigate the financial services 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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Meta Platforms (Facebook) (META) Earnings: 2Q Revenue Beats Estimates at $39.07 Billion, EPS Surges to $5.16

By | Earnings Alerts
  • Meta Platforms’ second quarter revenue is $39.07 billion, a 22% increase year-over-year, beating the estimate of $38.34 billion.
  • Advertising revenue stands at $38.33 billion, up 22% year-over-year, exceeding the estimate of $37.57 billion.
  • The Family of Apps revenue totals $38.72 billion, marking a 22% year-over-year increase, surpassing the estimate of $37.76 billion.
  • Reality Labs revenue comes in at $353 million, up 28% year-over-year, but below the estimate of $376.9 million.
  • Other revenue is at $389 million, a significant 73% year-over-year increase, beating the estimate of $344.6 million.
  • Operating income is $14.85 billion, surpassing the estimate of $14.59 billion.
  • The Family of Apps operating income is $19.34 billion, a 47% increase year-over-year, exceeding the estimate of $18.69 billion.
  • Reality Labs’ operating loss is $4.49 billion, which is a 20% year-over-year increase, but still better than the estimated loss of $4.53 billion.
  • The operating margin stands at 38%, improved from 29% year-over-year, and higher than the estimated 37.7%.
  • Earnings per share (EPS) is $5.16, compared to $2.98 year-over-year, and above the estimate of $4.72.
  • Ad impressions increased by 10% year-over-year, though below the estimated 13% and last year’s 34% increase.
  • The average price per ad increased by 10%, compared to a 16% decrease year-over-year, and higher than the estimated 5.96% increase.
  • Average daily users of Family services are 3.27 billion, up 6.5% year-over-year, beating the estimate of 3.22 billion.
  • Meta expects third quarter 2024 total revenue to range between $38.5 billion and $41 billion.
  • Full-year 2024 capital expenditures are anticipated to be between $37 billion and $40 billion, updated from the previous range of $35 billion to $40 billion.
  • Full-year 2024 total expenses are expected to remain unchanged in the range of $96 billion to $99 billion.
  • The full-year 2024 tax rate is expected to be in the mid-teens, barring any changes to the tax landscape.
  • Shares rise by 4.9% in post-market trading to $498.00 on 37,318 shares traded.
  • Analyst ratings include 63 buys, 6 holds, and 4 sells.

Meta Platforms (Facebook) on Smartkarma

Analyst Coverage of Meta Platforms on Smartkarma

On Smartkarma, independent analysts are closely monitoring Meta Platforms (Facebook) to provide valuable insights for investors. Uttkarsh Kohli‘s report, “[Q2 Earnings Preview] Meta’s Ad Revenues Expected to Surge, But Rising Spend Remains a Concern,” anticipates a significant year-over-year increase in EPS and revenue for Q2. Meta’s strong ad performance, boosted by increased daily active users and rising ad prices, is expected to drive revenue growth. Additionally, Meta plans to cut Reality Labs’ budget by 20% while focusing on upcoming hardware production, aiming for cost savings.

Furthermore, Baptista Research‘s analysis delves into how the adoption of AI tools and strategic decisions could impact Meta’s future performance. With a focus on product momentum and business growth, Meta has shown promising results with over 3.2 billion active users per day. The report also evaluates factors influencing Meta’s stock price and conducts an independent valuation using a Discounted Cash Flow methodology. Despite differing sentiments on Meta’s future, these reports provide valuable perspectives for investors navigating the dynamic landscape of Meta Platforms.


A look at Meta Platforms (Facebook) Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience4
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

The long-term outlook for Meta Platforms (Facebook) remains positive, based on the Smartkarma Smart Scores. With above-average scores in Growth and Resilience, the company is positioned for future expansion and able to withstand challenges. The Growth score reflects the company’s potential for increasing its market share and profitability, while the Resilience score indicates its ability to navigate uncertainties and economic downturns. Although the Value and Dividend scores are moderate, Meta Platforms’ strong Momentum score suggests a favorable market sentiment and investor interest in the company.

As a social technology company, Meta Platforms Inc. focuses on connecting people, building communities, and facilitating business growth. Engaged in various activities such as advertising and virtual reality, the company continually innovates to provide new and enhanced experiences for its users. With a strong emphasis on technology and connectivity, Meta Platforms aims to remain a key player in the social media landscape, driving engagement and interaction among individuals and businesses alike.


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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