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Huaneng Power Intl Inc H (902) Earnings: First Half EPS at 38 RMB Cents with 18.2% Net Income Growth

By | Earnings Alerts
  • EPS Performance: Huaneng Power’s earnings per share (EPS) for the first half of 2024 is 38 RMB cents.
  • Revenue Achievement: The operating revenue for Huaneng Power in 1H 2024 is 118.81 billion yuan.
  • Profit Growth: Huaneng Power recorded a net income of 7.45 billion yuan in the first half of the year.
  • Net Income Increase: There was an 18.2% increase in net income for Huaneng Power compared to the same period last year.
  • Analyst Ratings: The company has received 10 buy ratings, 6 hold ratings, and 1 sell rating from analysts.

A look at Huaneng Power Intl Inc H Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth4
Resilience2
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

In terms of the Smartkarma Smart Scores for Huaneng Power Intl Inc H, the company is showing a positive outlook for the long term. With high scores in Value and Growth factors, it indicates a strong potential for value and growth in the company’s operations. Momentum is also high, suggesting a favorable trend in the company’s performance. However, the lower scores in Dividend and Resilience factors indicate some areas of concern. Despite this, overall, the company seems well-positioned for growth and value creation.

Huaneng Power International, Inc. is a prominent player in the energy sector, primarily focusing on developing and operating coal-fired power plants across China. Additionally, the company is involved in the construction of gas-fired, hydroelectric, and wind power generation facilities within China. Huaneng Power Intl Inc H also has a stake in Tuas Power, which manages power generation assets in Singapore. With a diversified portfolio in the power generation industry, the company aims to contribute significantly to the energy landscape in both China and Singapore.


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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Illinois Tool Works (ITW) Earnings: 2Q EPS Surpasses Estimates, Revenue Misses Targets

By | Earnings Alerts
  • Earnings Per Share (EPS): EPS for Q2 came out at $2.54, beating the estimate of $2.49 and higher than the previous year’s $2.48.
  • Operating Revenue: The company reported $4.03 billion in operating revenue, slightly below the $4.1 billion estimate and down 1.2% year-over-year.
  • Automotive Revenue: Revenue came in at $815 million, a 1.3% decline year-over-year and below the $846.3 million estimate.
  • Food Equipment Revenue: Revenue was $667 million, up 2% year-over-year but just shy of the $669.4 million estimate.
  • Test & Measurement and Electronics Revenue: Reported revenue was $678 million, down 3.1% year-over-year and below the $712.6 million estimate.
  • Welding Revenue: Declined by 4.9% year-over-year to $466 million, missing the $484 million estimate.
  • Polymers & Fluids Revenue: Revenue came in at $454 million, down 1.1% year-over-year and under the $463.7 million estimate.
  • Construction Products Revenue: Reported at $504 million, a decrease of 4.2% year-over-year and below the $511.6 million estimate.
  • Specialty Products Revenue: Increased by 6.1% year-over-year to $449 million, surpassing the $415.4 million estimate.
  • Organic Revenue: Nearly flat at -0.1%, compared to a +3% increase the previous year and an estimate of +0.78%.
  • Automotive Organic Revenue: Slight increase of 0.4%, much lower than the previous year’s 16.3% and also below the estimate of +2.77%.
  • Food Equipment Organic Revenue: Grew by 2.5%, compared to the previous year’s 6.9% and meeting the estimate of +2.57%.
  • Test & Measurement and Electronics Organic Revenue: Decreased by 3.1%, down from the previous year’s 1.1% increase, and missing the estimate of +1.57%.
  • Welding Organic Revenue: Declined by 4.7%, compared to a 0.7% increase the previous year, but better than the estimate of -0.94%.
  • Polymers & Fluids Organic Revenue: Increased by 2.6%, better than last year’s -0.5% and the estimate of +1.94%.
  • Construction Products Organic Revenue: Dropped by 3.8%, an improvement over last year’s -5.7% and slightly worse than the estimate of -3.02%.
  • Specialty Products Organic Revenue: Grew by 6.7%, a significant improvement over last year’s -3.6%, and far exceeding the estimate of -2.16%.
  • EPS Guidance Update: The company has revised its full-year GAAP EPS guidance to a range of $10.30 to $10.40 per share, previously $10.30 to $10.70.
  • Revenue and Organic Growth Projection: Revenue growth and organic growth are projected to be flat for 2024 based on current demand and foreign exchange rates.
  • Company Outlook: Despite lowering the top-end EPS guidance, the company expects better margin performance to partially offset current demand levels.
  • Analyst Recommendations: The stock has 4 buys, 11 holds, and 7 sells.

Illinois Tool Works on Smartkarma

Analyst coverage on Illinois Tool Works on Smartkarma reveals insights from Baptista Research. In the report titled “Illinois Tool Works Inc.: Has Its Performance In China Truly Improved? – Major Drivers,” the globally diversified manufacturing company showed a mixed start to its first quarter 2024 results. Despite facing challenging demand environment across most segments, organic growth only declined by 0.6%, with five out of seven segments following a similar trend. Despite these difficulties, Illinois Tool Works remains optimistic about the fiscal year ahead.

Another report by Baptista Research, “Illinois Tool Works: A Diversified,” focuses on the generators and machine producer. Illinois Tool Works Inc. witnessed modest growth amidst unique operational challenges in the fourth quarter of 2023, including reduced demand for capital expenditure (CapEx), lean customer inventories, and a strike in the automotive industry. Despite these hurdles, the company has managed to navigate the landscape and continue its growth trajectory.


A look at Illinois Tool Works Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience2
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

Illinois Tool Works Inc., a global company that designs and manufactures a wide range of products including fasteners, industrial fluids, welding products, and specialized equipment, has a promising long-term outlook based on the Smartkarma Smart Scores. With a solid score for growth and momentum, the company is positioned for continued expansion and market performance. Additionally, its moderate scores for dividend and resilience indicate a stable financial outlook and the ability to weather market fluctuations.

Despite having a lower score for value, Illinois Tool Works Inc. remains a strong player in the industry with its innovative products and global presence. Investors looking at the long-term potential of the company can find confidence in its overall positive outlook as indicated by the Smartkarma Smart Scores. With a diversified product portfolio and a focus on quality, Illinois Tool Works is well-positioned to capitalize on future opportunities and maintain its competitive edge 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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Public Service Enterprise Group Inc (PEG) Earnings: Q2 EPS Beats Estimates with Strong Revenue Growth

By | Earnings Alerts
  • Adjusted operating EPS: 63 cents, compared to 70 cents year-over-year (YoY); estimate: 62 cents
  • EPS: 87 cents, compared to $1.18 YoY
  • Operating revenue: $2.42 billion, same as YoY; estimate: $2.07 billion
  • PSE&G Operating Revenue: $1.86 billion, up 12% YoY; estimate: $1.8 billion
  • PSE&G Operation & Maintenance Expense: $466 million, up 8.6% YoY; estimate: $460.1 million
  • PSEG Power Operation & Maintenance Expense: $358 million, up 14% YoY; estimate: $318.2 million (two estimates)
  • Comment: “We are also re-affirming our five-year, non-GAAP Operating Earnings growth outlook of 5% to 7% through 2028, which does not reflect growth opportunities at our nuclear fleet.”
  • Analyst Ratings: 10 buys, 9 holds, 2 sells

Public Service Enterprise Group Inc on Smartkarma

Analysts at Baptista Research recently published a report on Public Service Enterprise Group Inc (PSEG) on Smartkarma. The report, titled “Public Service Enterprise Group (PSEG): Initiation of Coverage – How They Are Achieving Strategic Growth through Enhanced Service Offerings? – Major Drivers,” delves into PSEG’s first-quarter earnings for 2024, which closely align with its annual fiscal projections. The organization’s non-GAAP operating earnings guidance of $3.60 to $3.70 per share remains steady, with an anticipated growth rate between 5% to 7% through 2028. PSEG’s growth is supported by significant infrastructure and energy efficiency investments geared towards electrifying various sectors and reducing greenhouse gas emissions.


A look at Public Service Enterprise Group Inc Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
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

Public Service Enterprise Group Incorporated, a public utility holding company operating in the Northeastern and Mid Atlantic United States, showcases a promising long-term outlook based on its Smartkarma Smart Scores. With a solid overall score profile, the company demonstrates strength in areas such as Dividend and Momentum, both scoring above average. This suggests that Public Service Enterprise Group Inc maintains a robust dividend payout and exhibits positive momentum in its market performance.

While the company scores slightly lower in areas like Value and Resilience, the balanced combination of scores indicates a stable position for growth potential. Public Service Enterprise Group Inc‘s focus on generating, transmitting, and distributing electricity, along with natural gas production, positions it well to capitalize on the energy market dynamics in its operational regions.


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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Prada S.P.A. (1913) Earnings: 1H Net Revenue Surpasses Estimates with 26% Net Income Growth

By | Earnings Alerts
  • Prada’s net revenue for the first half of 2024 reached €2.55 billion, a 14% year-over-year increase, surpassing the estimated €2.48 billion.
  • Net revenue at constant foreign exchange (FX) rates grew by 17%.
  • The gross margin stood at 79.8%, slightly down from last year’s 80.3% and below the estimate of 80.2%.
  • Gross profit was reported at €2.03 billion, marking a 13% year-over-year rise.
  • Retail sales amounted to €2.26 billion, up by 15% year-over-year.
  • Asia Pacific retail sales totaled €774 million, showing an 8.1% year-over-year increase but falling short of the €776.8 million estimate.
  • European retail sales came in at €682 million, a 17% year-over-year increase, exceeding the estimate of €658.9 million.
  • Americas retail sales were €387 million, a 7.2% year-over-year rise, beating the €381.3 million estimate.
  • Japan retail sales surged by 38% year-over-year to €309 million, surpassing the estimate of €291.5 million.
  • Middle East retail sales reached €110 million, up 20% year-over-year, higher than the €106.2 million estimate.
  • Wholesale sales amounted to €225 million.
  • Royalties increased by 30% year-over-year to €61 million.
  • Adjusted EBIT was €575 million, a 17% year-over-year rise.
  • Net income was €383 million, a significant 26% year-over-year increase, beating the estimate of €355.8 million.
  • Cash flow from operations was €652 million, up by 28% year-over-year.
  • Capital expenditure stood at €169 million, a 12% year-over-year increase.
  • Miu Miu showed impressive growth, with retail sales up by 93% year-over-year.
  • All comparisons are based on values reported in the company’s original disclosures.

A look at Prada S.P.A. Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth5
Resilience3
Momentum5
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

Prada S.P.A., an Italian fashion company known for its high-end leather goods and designer clothing, has received positive Smart Scores across the board. With a strong Growth score of 5 and Momentum score of 5, the company is poised for long-term success in terms of expanding its market presence and maintaining a positive stock performance.

While Prada S.P.A. has room for improvement in Value and Dividend scores, scoring 2 and 3 respectively, its Resilience score of 3 indicates a stable foundation in the face of market fluctuations. Overall, investors may find Prada S.P.A. an attractive investment option based on its solid Growth and Momentum scores, showcasing a promising outlook for the company’s future.


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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Hubbell Inc (HUBB) Earnings: 2Q Net Sales Fall Short of Estimates Despite EPS Beat

By | Earnings Alerts
  • Net sales for Hubbell in Q2 were reported at $1.45 billion, falling short of the estimated $1.48 billion.
  • Electrical solutions division net sales came in at $526.0 million, exceeding the estimate of $520.8 million.
  • Utility Solutions division net sales were $926.5 million, which was below the estimated $963.8 million.
  • Adjusted EPS (Earnings Per Share) stood at $4.37, surpassing the estimate of $4.23.
  • Analysts’ ratings include 6 buys and 6 holds, with no sell recommendations.

A look at Hubbell Inc 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

Hubbell Inc, a manufacturer of electrical and electronic products, presents a promising long-term outlook based on a combination of the Smartkarma Smart Scores. With above-average scores in Growth, Resilience, and Momentum, the company seems well-positioned for future success. A noteworthy aspect is its strong performance in Growth, indicating potential for expansion and development within its industry. Furthermore, its Resilience score suggests a level of stability that could weather economic uncertainties. Combined with a moderate Value score, Hubbell Inc appears to offer a solid investment opportunity for those looking towards the future.

Hubbell Inc‘s diversified product range catering to commercial, industrial, utility, and telecommunications markets provides a sturdy foundation for growth. While there may be room for improvement in terms of Value and Dividend scores, the company’s overall outlook remains positive. Operating both in the United States and overseas, Hubbell Inc‘s focus on plugs, lighting fixtures, and other essential components positions it as a key player in the electrical and electronic 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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Watsco Inc (WSO) Earnings: 2Q EPS Misses Estimates Despite Record Sales and Strong Cash Flow

By | Earnings Alerts
  • Watsco’s Q2 earnings per share (EPS) were $4.49, missing the estimate of $4.73.
  • EPS compared to the previous year’s $4.42.
  • Revenue for Q2 was $2.14 billion, up 6.8% year-over-year, but below the estimate of $2.18 billion.
  • Operating margin for the quarter was 12.6%, down from 13.3% the previous year, and below the estimate of 12.9%.
  • Gross margin stood at 27.1%, lower than last year’s 28.1% and below the estimated 27.5%.
  • Albert H. Nahmad, Watsco’s Chairman and CEO, mentioned the company’s pleasure with the results, noting record sales, strong cash flow, and an improved balance sheet.
  • Analyst recommendations for Watsco include 3 buys, 7 holds, and 3 sells.

A look at Watsco Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience4
Momentum5
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

Watsco Inc, a company distributing air conditioning, heating, and refrigeration equipment, shows a promising long-term outlook based on its Smartkarma Smart Scores. With a strong momentum score of 5, Watsco Inc is displaying positive performance trends that bode well for its future growth. Additionally, the company has solid scores in Growth and Resilience, both at 4, indicating a healthy potential for expansion and a stable operational framework. While the Value score is at 2 and the Dividend score at 3, the overall outlook for Watsco Inc seems positive, supported by its robust scores in critical areas.

Operating mainly in the Sunbelt region of the United States, Watsco Inc has positioned itself well for long-term success. The combination of its distribution of essential equipment and strong Smartkarma Smart Scores highlights the company’s potential for sustained growth and resilience in the industry. Investors may find Watsco Inc an attractive prospect based on its favorable momentum, growth prospects, and operational strength, as indicated by its Smart Scores.


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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Banco de Chile (CHILE) Earnings Report: 2Q Net Income Meets Estimates

By | Earnings Alerts
  • Banco de Chile‘s net income for Q2 2024 was CLP323.60 billion, which is a 2.6% decrease year-over-year (y/y).
  • This net income figure matched the estimated CLP323.58 billion.
  • Total loans amounted to CLP37.91 trillion, slightly below the estimate of CLP38.27 trillion.
  • The return on average equity was reported at 24.6%.
  • Provisions for loan losses stood at CLP107.43 billion.
  • Net interest income surged by 23% y/y to reach CLP451.66 billion, but fell short of the estimated CLP537.61 billion.
  • Operating revenue increased by 3% y/y to CLP770.94 billion, exceeding the estimate of CLP755.45 billion.
  • Analyst recommendations included 3 buys, 6 holds, and 1 sell.

A look at Banco de Chile Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth4
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

Analysts using the Smartkarma Smart Scores system have evaluated Banco de Chile and assigned scores to different factors influencing its long-term outlook. The scores reflect the company’s performance in areas such as value, dividend yield, growth potential, resilience, and momentum. Banco de Chile received moderate scores for value and resilience. However, it scored well in dividend yield, growth potential, and momentum, indicating strength in these aspects.

Banco de Chile, known for attracting deposits and offering a variety of retail and commercial banking services, scores highly in dividend yield, growth potential, and momentum based on the Smartkarma Smart Scores assessment. While the scores for value and resilience are more moderate, the Bank stands out for its offerings in credit, mortgage loans, credit cards, securities brokerage, mutual funds, factoring, insurance, and investment products, reflecting a positive long-term outlook for the company.


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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Tata Consumer Products (TATACONS) Earnings: 1Q Net Income Falls Short of Estimates with Strong Revenue Gains

By | Earnings Alerts

Listicle

  • Net income for Tata Consumer Products in Q1 2024 was 2.9 billion rupees, which is an 8.5% decrease year-on-year and below the estimated 3.51 billion rupees.
  • Revenue increased by 16% year-on-year to 43.5 billion rupees, surpassing the estimate of 43.1 billion rupees.
  • The India branded business generated revenue of 28.2 billion rupees, marking a 14% increase year-on-year.
  • International branded business revenue rose by 17% year-on-year to 10.5 billion rupees, beating the estimate of 9.13 billion rupees.
  • The non-branded business revenue was 5.01 billion rupees, up by 33% year-on-year, versus an estimate of 2.85 billion rupees.
  • Total costs for the quarter stood at 39.3 billion rupees, representing an increase of 19% year-on-year.
  • Other income fell by 32% year-on-year to 391.7 million rupees.
  • Investor sentiment remains positive with 20 buys, 7 holds, and 1 sell recommendations.

A look at Tata Consumer Products Smart Scores

FactorScoreMagnitude
Value2
Dividend4
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

When looking at the long-term outlook for Tata Consumer Products, the company seems to be in a position of strength. With a Dividend score of 4 and a Resilience score of 4, Tata Consumer Products is showing stability and a commitment to returning value to its shareholders. This indicates a healthy financial standing and a focus on consistent performance even during challenging times.

Although the Value score of 2 suggests that the company may not be undervalued relative to its peers, the Growth and Momentum scores of 3 each show a promising trajectory for Tata Consumer Products. The company’s diversified product range in food and beverage, serving customers globally, positions it well for future expansion and sustainable growth.


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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S&P Global (SPGI) Earnings: Company Beats Estimates and Raises FY Adjusted EPS Forecast

By | Earnings Alerts





SPGI Financial Summary

  • SPGI raised its FY Pro Forma Adjusted EPS forecast to $14.35-$14.60 from $13.85-$14.10.
  • The revenue growth outlook was increased to 8%-10%, up from 6%-8%.
  • Second quarter Adjusted EPS was reported at $4.04, beating the estimate of $3.65.
  • Second quarter revenue came in at $3.55 billion, exceeding the estimate of $3.42 billion.
  • Ratings revenue totaled $1.14 billion, higher than the estimated $1 billion.
  • Ratings non-transaction revenue reached $509 million versus the estimate of $492.3 million.
  • Ratings non-subscription revenue was $626 million, above the estimate of $529.8 million.
  • Market Intelligence Adjusted Revenue was $1.16 billion, slightly over the estimate of $1.15 billion.
  • Market Intelligence non-subscription Adjusted Revenue stood at $43 million.
  • Indices revenue was $389 million, slightly below the estimate of $399.9 million.
  • Analysts’ ratings: 23 buys, 1 hold, and 1 sell.



S&P Global on Smartkarma

Analyst coverage of S&P Global on Smartkarma has been positively leaning, with Baptista Research providing valuable insights in their report titled “S&P Global Inc.: Will The Visible Alpha & IHS Markit Acquisitions Pay Off In The Long Run? – Major Drivers.” The report delves into S&P Global’s Q1 2024 earnings, emphasizing key performance indicators for potential investors. Noteworthy highlights include a 14% revenue increase, excluding Engineering Solutions divestiture, with strong transaction revenue in the Ratings division. Subscription revenue across all business segments also saw an 8% year-on-year uptick, contributing to a record quarterly revenue of approximately $3.5 billion.


A look at S&P Global Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience3
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

Analysts from Smartkarma have provided their outlook on S&P Global, a company that offers financial information services globally. Based on their assessment, the company has received varying scores across different factors. The company scored moderately in Value and Dividend, indicating room for improvement in these areas. However, S&P Global received higher scores in Growth, Resilience, and Momentum, suggesting positive momentum and resilience in the market.

Looking ahead, the long-term outlook for S&P Global appears promising, especially with strong scores in Growth, Resilience, and Momentum. These factors indicate that the company is well-positioned to capitalize on growth opportunities, withstand market challenges, and maintain positive momentum in the future.


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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Corning Inc (GLW) Earnings: Q2 Core Sales Meet Estimates with Optimistic Q3 Forecast

By | Earnings Alerts
  • Corning’s core sales in Q2 2024 were $3.60 billion, a 3.5% increase year-over-year, meeting the estimate of $3.59 billion.
  • Display Technologies net sales grew 9.3% to $1.01 billion, surpassing the estimate of $946.3 million.
  • Optical Communications net sales increased by 4.4% to $1.11 billion, slightly above the estimate of $1.1 billion.
  • Specialty Materials net sales rose by 18% to $501 million, exceeding the estimate of $462.9 million.
  • Environmental Technologies net sales declined by 5.7% to $431 million, falling short of the estimate of $450.4 million.
  • Life Sciences net sales were $249 million, a 7.8% increase, narrowly beating the estimate of $246 million.
  • Core earnings per share (EPS) were 47 cents, matching the estimate of 47 cents but higher than last year’s 45 cents.
  • For the third quarter of 2024, Corning forecasts core EPS between 50 to 54 cents, below the estimate of 56 cents.
  • Core sales are expected to be around $3.7 billion, slightly under the estimate of $3.81 billion.
  • Management anticipates core sales to grow to approximately $3.7 billion with core EPS in the range of $0.50 to $0.54.
  • Current analyst ratings include 9 buy recommendations, 7 holds, and 1 sell.

Corning Inc on Smartkarma

Analysts on Smartkarma, like Baptista Research, are bullish on Corning Incorporated. In one report titled “Corning Incorporated: Are The Returns On Its Display Business Good Enough? – Major Drivers,” the company’s Q1 2024 earnings indicate growth and profitability. Sales nearing $3.3 billion, an EPS of $0.38, and a year-over-year gross margin growth of 160 basis points to 36.8% show Corning exceeding guidance predictions and improving free cash flow by $300 million.

In another report, “Corning Incorporated: Will The Continued Demand in Optical Communications Become A Major Growth Catalyst In 2024 & Beyond? – Key Drivers,” Baptista Research notes the company’s fourth-quarter and full-year earnings for 2023. With a $3.3 billion quarter, 37% gross margin, and EPS of $0.39 meeting expectations, alongside $0.5 billion in free cash flow, analysts indicate optimism about Corning’s performance and potential for growth in the optical communications sector.


A look at Corning Inc Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth3
Resilience3
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

Corning Incorporated, a global technology-based company, seems to have a positive long-term outlook based on the Smartkarma Smart Scores. With consistent scores across various factors such as value, dividend, growth, resilience, and strong momentum, Corning Inc appears to have a solid foundation for future growth. The company’s diversified business lines, including producing optical fiber, cables, and photonic components for the telecommunications industry, as well as manufacturing glass panels and display components, position it well for sustained success in the tech sector.

Corning Inc‘s balanced Smart Scores across key metrics suggest a stable and potentially lucrative investment opportunity for the long haul. While the company may not top the charts in any single category, its overall strength and momentum bode well for investors seeking a reliable player in the technology and telecommunications sectors. The company’s track record in innovation and market adaptability, combined with its solid financial performance, make Corning Inc a noteworthy candidate for those looking to add a stable growth stock to their portfolio.


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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

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The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars