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Eli Lilly and Company’s Stock Price Soars to $845.31, Marking a Stellar 9.48% Increase

By | Market Movers

Eli Lilly and Company (LLY)

845.31 USD +73.17 (+9.48%) Volume: 9.39M

Eli Lilly and Company’s stock price soared to 845.31 USD, marking a significant trading session increase of +9.48%, with a robust trading volume of 9.39M. The pharmaceutical giant’s stock has shown an impressive year-to-date (YTD) growth of +45.01%, underlining its strong market performance.


Latest developments on Eli Lilly and Company

Eli Lilly’s stock price surged today following a series of key events leading up to this moment. The company reported better-than-expected second-quarter results, fueled by soaring sales of their diabetes and weight loss drugs, Mounjaro and Zepbound. This success led to a significant increase in revenue guidance for the year, with a $3 billion boost attributed to these products. Additionally, the approval of the weight-loss drug Zepbound has increased demand, pushing the stock price even higher. With the company also entering the nuclear isotope business to support cancer treatment, investors are optimistic about Eli Lilly’s future growth potential.


A look at Eli Lilly and Company Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience2
Momentum4
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

Based on the Smartkarma Smart Scores, Eli Lilly & Company seems to have a positive long-term outlook. With a high momentum score of 4, the company shows strong potential for growth and upward movement in the future. This indicates that Eli Lilly & Company is likely to continue performing well in the market and attract investors looking for a company with strong momentum.

While Eli Lilly & Company scores lower in areas such as value, dividend, and resilience, with scores of 2 in each of these categories, the company’s growth score of 3 suggests that it has potential for expansion and development. Overall, with a mix of scores across different factors, Eli Lilly & Company appears to be a solid investment option for those looking for growth opportunities in the pharmaceutical industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Monolithic Power Systems, Inc.’s Stock Price Soars to $843.52, Marking an Impressive 11.42% Increase

By | Market Movers

Monolithic Power Systems, Inc. (MPWR)

843.52 USD +86.48 (+11.42%) Volume: 0.86M

Monolithic Power Systems, Inc.’s stock price has surged to a robust $843.52, marking an impressive 11.42% increase in the recent trading session with a trading volume of 0.86M. The company’s solid performance extends to a year-to-date (YTD) increase of 33.73%, making MPWR a standout performer in the semiconductor industry.


Latest developments on Monolithic Power Systems, Inc.

Investors are closely watching Monolithic Power Systems Inc (MPWR) as the company continues to impress with its recent financial results and guidance. Analysts have praised the company’s performance, leading to a rise in its stock price. The second-quarter earnings beat expectations, driven by strong traction in artificial intelligence technology. The positive outlook has prompted Mather Group LLC to increase its position in MPWR to $133,000. With a price target raised to $1,000.00, Monolithic Power Systems is standing out among its peers in the market. Despite some general counsels selling stock in July, MPWR remains a top choice for investors looking for solid growth potential.


Monolithic Power Systems, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have provided bullish insights on Monolithic Power Systems, Inc. The semiconductor company specializing in high-performance analog and mixed-signal semiconductors has shown improved financial performance in the first quarter of 2024. Revenue has increased both sequentially from Q4 2023 and year-over-year from Q1 2023. Positive customer demand and potential growth are indicated by the consistent upward trend in ordering patterns throughout the quarter.

Baptista Research analysts on Smartkarma have also highlighted Monolithic Power Systems’ positive outlook for 2024. The company achieved a record revenue of $1.82 billion in 2023, marking its 12th consecutive year of revenue growth. Despite economic uncertainty impacting customer ordering patterns, Monolithic Power Systems is positioned well with its continuous innovation, robust customer focus, and strong execution. The analysts remain cautiously optimistic about the company’s future performance.


A look at Monolithic Power Systems, Inc. Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience5
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

Monolithic Power Systems, Inc has a promising long-term outlook based on the Smartkarma Smart Scores. With high scores in Growth, Resilience, and Momentum, the company is positioned well for future success. Its focus on providing small, energy-efficient power solutions for various industries showcases its potential for sustained growth and innovation.

Despite scoring lower in Value and Dividend, Monolithic Power Systems, Inc‘s strong performance in other key areas indicates its overall strength as a company. Specializing in high-performance, integrated power solutions, the company is well-positioned to capitalize on the growing demand for efficient power solutions across industrial, telecom, automotive, and consumer applications.


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 – 08 August 2024

By | Market Movers

Biggest stock gainers today in S&P 500

CompanyStock PricePercentage ChangeSmartkarma SmartScore
Monolithic Power Systems, Inc. (MPWR)843.52 USD+11.42%3.8
Parker-Hannifin Corporation (PH)568.08 USD+10.84%2.8
Eli Lilly and Company (LLY)845.31 USD+9.48%2.6
ON Semiconductor Corporation (ON)72.23 USD+8.80%3.0
CF Industries Holdings, Inc. (CF)79.53 USD+8.50%3.8
NRG Energy, Inc. (NRG)77.97 USD+8.19%2.8
Intel Corporation (INTC)20.49 USD+7.90%3.4
KLA Corporation (KLAC)752.29 USD+7.82%3.2
Teradyne, Inc. (TER)122.88 USD+7.55%3.0
Cadence Design Systems, Inc. (CDNS)268.68 USD+7.34%2.6

Biggest stock losers today in S&P 500

CompanyStock PricePercentage ChangeSmartkarma SmartScore
McKesson Corporation (MCK)547.51 USD-11.34%3.2
Monster Beverage Corporation (MNST)45.01 USD-10.93%3.2
Warner Bros. Discovery, Inc. (WBD)7.02 USD-8.95%3.0
EPAM Systems, Inc. (EPAM)191.16 USD-8.17%2.8
Paramount Global (PARA)10.21 USD-2.39%3.4
Fortinet, Inc. (FTNT)68.68 USD-1.79%2.0
Cencora, Inc. (COR)237.00 USD-1.70%2.8
Dominion Energy, Inc. (D)54.19 USD-1.63%3.4
American Electric Power Company, Inc. (AEP)98.04 USD-1.54%3.4
WEC Energy Group, Inc. (WEC)87.81 USD-1.28%3.4

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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Pembina Pipeline (PPL) Earnings: 2Q Adjusted EBITDA Surges 33%, Beats Estimates

By | Earnings Alerts
  • Strong Financial Performance: Pembina Pipeline’s 2nd quarter adjusted EBITDA was C$1.09 billion, a 33% increase year-over-year (y/y), surpassing the C$1.02 billion estimate.
  • Pipelines Segment: Adjusted EBITDA for the pipelines segment reached C$655 million, up 31% y/y, beating the estimate of C$623.5 million.
  • Facilities Segment: Facilities adjusted EBITDA was C$340 million, marking a 25% increase y/y, and exceeding the C$309.8 million estimate.
  • Marketing & New Ventures: Adjusted EBITDA for marketing and new ventures came in at C$143 million, up 49% y/y, beating the estimate of C$113.4 million.
  • Total Revenue: Revenue for the quarter was C$1.86 billion, a 10% decline y/y, falling short of the C$1.9 billion estimate.
  • Pipelines Revenue: Pipelines revenue rose 46% y/y to C$890 million, surpassing the C$783.6 million estimate.
  • Facilities Revenue: Facilities revenue increased 34% y/y to C$294 million, slightly below the C$351.7 million estimate.
  • Marketing & New Ventures Revenue: Revenue from marketing and new ventures dropped 32% y/y to C$925 million, missing the C$1.31 billion estimate.
  • Operating Cash Flow: Operating cash flow was C$954 million, a 46% increase y/y, higher than the C$856.1 million estimate.
  • Earnings Per Share (EPS): EPS stood at C$0.75, compared to C$0.60 y/y, but slightly below the C$0.77 estimate.
  • Capital Expenditure: Capital expenditure was C$265 million, up from C$123 million y/y, and higher than the C$260 million estimate.
  • 2024 Guidance Update: Pembina raised its adjusted EBITDA guidance for 2024 to a range of C$4.20 billion to C$4.35 billion, up from the previous range of C$4.05 billion to C$4.30 billion.
  • Capital Investment Program: The 2024 capital investment program has been revised to C$1.3 billion, including approximately C$0.3 billion in contributions to equity-accounted investees.
  • Analyst Ratings: There are 10 buy ratings, 5 hold ratings, and no sell ratings for Pembina Pipeline.

A look at Pembina Pipeline Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth5
Resilience2
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

Based on the Smartkarma Smart Scores, Pembina Pipeline shows a promising long-term outlook. The company scores high in growth and momentum, indicating strong potential for expansion and positive market performance. With a solid dividend score, investors can also benefit from consistent income. However, Pembina Pipeline’s value and resilience scores are average, suggesting room for improvement in these areas.

Pembina Pipeline Corporation stands out in the energy transportation and midstream services sector. Providing a range of services for hydrocarbon liquids and natural gas products, along with operating gas gathering and processing facilities, the company plays a vital role in Canada’s energy sector. Overall, Pembina Pipeline’s strong focus on growth and dividends, coupled with its operational resilience, positions it well for future success.


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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Suzano (SUZB3) Earnings Report: Unexpected 2Q Net Loss of R$3.77B vs. Estimated Profit

By | Earnings Alerts
  • Net Loss: Suzano reported a net loss of R$3.77 billion in the second quarter of 2024, in contrast to a profit of R$5.08 billion in the same period last year. Expectations were for a profit of R$2.13 billion.
  • Net Revenue: The company achieved a net revenue of R$11.49 billion, marking a 25% increase year-over-year. This figure surpassed the estimated R$11.14 billion.
  • Adjusted EBITDA: Suzano’s adjusted EBITDA came in at R$6.29 billion, reflecting a 60% year-over-year growth and exceeding the estimated R$5.86 billion.
  • EBITDA Margin: The adjusted EBITDA margin improved to 55%, up from 43% in the same quarter last year.
  • Net Debt to EBITDA Ratio: The company’s net debt to adjusted EBITDA ratio was 3.5 times, a 75% increase year-over-year.
  • Analyst Recommendations: Currently, there are 13 buy ratings, 4 hold ratings, and no sell ratings for Suzano.

A look at Suzano Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
Resilience2
Momentum3
OVERALL SMART SCORE3.0

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

Based on the Smartkarma Smart Scores, Suzano is positioned favorably for long-term growth. With a high score of 5 in Growth, the company is expected to expand steadily in the coming years. This signifies that Suzano has strong potential for increasing its market presence and profitability over time. Additionally, the company received a solid score of 3 in both Value and Momentum, indicating a good balance between being undervalued and showing positive price trends. Although the scores for Dividend and Resilience are lower at 2 each, the overall outlook for Suzano remains positive due to its strengths in growth and value.

Suzano S.A., a company specializing in sustainable solutions from renewable sources, has been rated highly in terms of growth potential. With a focus on developing products such as cellulose, hygiene, lignin, eucalyptus, and paper, Suzano caters to a global clientele. Despite receiving lower scores in Dividend and Resilience, the company’s strong performance in Growth suggests a promising future. Investors looking for a company with strong growth prospects may find Suzano an attractive long-term investment option based on its overall Smartkarma 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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Power of Canada (POW) Earnings: 2Q Book Value Per Share at C$33.53, Adjusted NAV at C$50.48

By | Earnings Alerts
  • Power of Canada reported a book value per share of C$33.53 for the second quarter.
  • The adjusted net asset value (NAV) per share stands at C$50.48.
  • Analyst recommendations include 4 buy ratings and 6 hold ratings, with no sell ratings.
  • Conference call scheduled on August 9 at 8:30 a.m. Toronto time.

A look at Power of Canada Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience2
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

Based on the Smartkarma Smart Scores assessment, Power Corporation of Canada shows a promising long-term outlook. With high scores in Value and Dividend, indicating strong financial health and consistent dividends, the company demonstrates stability and investment potential for the future. Additionally, its Momentum score suggests positive market sentiment and potential for growth. However, its lower scores in Growth and Resilience highlight areas where the company may need to focus on to enhance its overall performance in the long run.

Power Corporation of Canada, a diversified management and holding company, operates across multiple sectors including financial services, communications, utility, industrial, and energy. The company’s global reach in serving customers positions it well for continued success. With its strong focus on value and dividends, supported by positive momentum in the market, Power of Canada presents a solid investment opportunity for those looking for stability and potential growth in the long term.


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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News Corp Class A (NWSA) Earnings Outperform Estimates with Strong 4Q Results

By | Earnings Alerts
  • Adjusted EPS for Q4 is 17 cents, beating the estimate of 16 cents and up from 14 cents year-over-year (y/y).
  • Revenue increased by 5.9% y/y to $2.58 billion, surpassing the estimate of $2.49 billion.
  • Digital Real Estate Services revenue surged by 21% y/y to $448 million, exceeding the estimate of $406.2 million.
  • Subscription Video Services revenue grew by 1% y/y to $506 million, above the estimate of $492.7 million.
  • Dow Jones revenue rose by 3.7% y/y to $566 million, slightly higher than the estimate of $562.6 million.
  • Book Publishing revenue jumped by 15% y/y to $512 million, beating the estimate of $479.8 million.
  • News Media revenue fell by 4.6% y/y to $545 million, still higher than the estimate of $537.3 million.
  • EBITDA increased by 11% y/y to $380 million, topping the estimate of $357.3 million.
  • Digital Real Estate Services EBITDA climbed by 25% y/y to $135 million, surpassing the estimate of $119.5 million.
  • Subscription Video Services EBITDA decreased by 5.1% y/y to $74 million, slightly below the estimate of $74.9 million.
  • Dow Jones EBITDA rose by 3% y/y to $137 million, close to the estimate of $137.6 million.
  • Book Publishing EBITDA significantly increased to $57 million versus $16 million y/y, beating the estimate of $45.5 million.
  • News Media EBITDA dropped by 38% y/y to $28 million, below the estimate of $34.6 million.
  • Cash and cash equivalents grew by 6.9% y/y to $1.96 billion, slightly under the estimate of $2.02 billion.
  • Analyst recommendations: 7 buy, 0 hold, 1 sell.

A look at News Corp Class A Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
Resilience3
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

News Corp Class A, a company operating in the publishing industry, has a mixed outlook based on the Smartkarma Smart Scores. With above-average scores in Growth and Momentum, News Corp shows promise for future expansion and market performance. The high Growth score indicates strong potential for increasing revenues and market share, while the Momentum score suggests positive stock price trends. However, the company receives average scores in Value, Resilience, and Dividend, indicating that investors may need to carefully consider these factors when evaluating the long-term prospects of News Corp.

In summary, News Corp Class A, a player in the publishing sector, displays a positive outlook for growth and market performance according to the Smartkarma Smart Scores. However, the company’s overall standing is influenced by average scores in Value, Resilience, and Dividend. Investors looking at News Corp should pay attention to these factors in order to make informed decisions about the company’s long-term prospects in the ever-evolving publishing 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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Take Two Interactive Software (TTWO) Earnings: 2Q Net Bookings Projected Between $1.42B and $1.47B

By | Earnings Alerts
  • 2Q Net Bookings: $1.42 billion to $1.47 billion (estimate: $1.46 billion)
  • 2Q Adjusted EPS: 35c to 45c
  • 2Q Adjusted EBITDA: $135 million to $157 million (estimate: $253.6 million)

2025 Year Forecast

  • Adjusted EPS: $2.35 to $2.60 (estimate: $2.54)
  • Adjusted EBITDA: $743 million to $798 million (estimate: $765.8 million)
  • Net Bookings: $5.55 billion to $5.65 billion (estimate: $5.66 billion)

First Quarter Results

  • Net Bookings: $1.22 billion, up 1.7% year-over-year (estimate: $1.23 billion)
  • Digital Online Net Bookings: $1.19 billion, up 1.8% year-over-year (estimate: $1.18 billion)
  • Physical Retail & Other Net Bookings: $30.8 million, down 14% year-over-year (estimate: $43.2 million)
  • Console Net Bookings: $405.4 million, down 3.3% year-over-year (estimate: $420.7 million)
  • Mobile Net Bookings: $709.3 million, up 2.9% year-over-year (estimate: $713.7 million)
  • PC & Other Net Bookings: $103.4 million, up 12% year-over-year (estimate: $78.5 million)
  • US Net Bookings: $728.5 million, up 0.3% year-over-year
  • International Net Bookings: $489.6 million, up 3% year-over-year
  • Adjusted EPS: 5.0c (estimate: 3.3c)
  • Adjusted EBITDA: $63.2 million (estimate: $57.9 million)
  • Total Net Revenue: $1.34 billion, up 4.2% year-over-year (estimate: $1.33 billion)
  • R&D Expenses: $219.8 million, down 7.9% year-over-year (estimate: $245.9 million)
  • Operating Loss: $184.9 million, down 9.5% year-over-year (estimate: loss of $169.8 million)
  • The firm expects sequential increases in net bookings in Fiscal 2026 and 2027.

Take Two Interactive Software, Inc on Smartkarma

Analyst coverage of Take Two Interactive Software, Inc on Smartkarma highlights positive sentiment from Baptista Research. One report, titled “Take-Two Interactive Software: Increased Relevance of Mobile and Strategic Titles,” notes the company’s healthy performance in the fiscal fourth quarter of 2024, with net bookings reaching $1.35 billion. The success was attributed to key titles like NBA 2K24, Zynga’s in-app purchases, Match Factory!, and the Red Dead Redemption and Grand Theft Auto series.

Another report by Baptista Research, titled “Take-Two Interactive Software: The Realization Of The Zynga Acquisition Synergies Is Now Evident & How! – Major Drivers,” highlights robust results for Q3 FY2024. Grand Theft Auto V, Grand Theft Auto Online, the Red Dead Redemption series, and Zynga’s in-app purchases drove the performance, with net bookings reaching $1.3 billion for the quarter. This positive coverage underscores the company’s strong position in the gaming industry.


A look at Take Two Interactive Software, Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth2
Resilience3
Momentum4
OVERALL SMART SCORE2.4

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

The long-term outlook for Take Two Interactive Software, Inc looks promising based on the Smartkarma Smart Scores analysis. With a strong momentum score of 4, indicating the company is performing well in the market currently, it suggests a positive trend for future growth. Additionally, the company’s resilience score of 3 demonstrates its ability to withstand market fluctuations, further contributing to its long-term viability.

Although the Value and Growth scores are average at 2, and the Dividend score is low at 1, the overall outlook for Take Two Interactive Software, Inc appears optimistic. With its focus on developing, marketing, and distributing interactive entertainment software games across various platforms, including console systems and mobile devices, the company is well-positioned to continue its success in the dynamic gaming 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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Akamai Technologies (AKAM) Earnings: Solid Q2 Results and Updated FY Margin Forecast

By | Earnings Alerts
  • FY Adjusted Operating Margin Forecast: Akamai narrows its forecast to 29% to 29%, previously saw 28% to 29%, with an estimate of 28.8%.
  • Third Quarter Forecast:
    • Adjusted EPS expected between $1.56 to $1.62, with an estimate of $1.56.
    • Revenue forecasted between $988 million to $1.01 billion, with an estimate of $998.7 million.
  • Second Quarter Results:
    • Revenue reported at $979.6 million, a 4.7% increase year-over-year, compared to an estimate of $980.2 million.
    • Security revenue was $498.7 million, a 15% increase year-over-year, against an estimate of $502.3 million.
    • Delivery revenue was $329.4 million, a 13% decrease year-over-year, with an estimate of $324.6 million.
    • Compute revenue was $151.5 million, a 23% increase year-over-year, compared to an estimate of $149.5 million.
    • Adjusted EPS was $1.58, up from $1.49 year-over-year, beating the estimate of $1.55.
  • CEO Comments: Dr. Tom Leighton mentioned that Akamai delivered solid second-quarter results, emphasizing strong bottom-line performance and consistent growth in security and cloud computing solutions, which now make up about two-thirds of the company’s total revenue.
  • Analyst Ratings: The company has 15 buys, 9 holds, and 1 sell from analysts.

Akamai Technologies on Smartkarma

Analysts at Baptista Research have been closely monitoring Akamai Technologies, focusing on key growth drivers such as the company’s security and cloud computing sectors. In their report titled “Akamai Technologies: Will The Management Focus on High-Growth Compute and Security Business Pay Off? – Major Drivers,” Baptista Research delves into the first-quarter earnings results of Akamai. The analysis highlights a strong performance, with revenue growing by 8% year-over-year to $987 million. Of particular note is the significant growth in the security and cloud computing segments, which now represent two-thirds of total revenue, showing a 22% increase over Q1 of 2023. Baptista Research uses a Discounted Cash Flow (DCF) methodology to independently assess the company’s valuation, incorporating scenario analyses to provide investors with a comprehensive view of potential risks and opportunities.

In another report by Baptista Research titled “Akamai Technologies – Can The Strong Potential in AI Inferencing Services Catalyze Revenue Growth? – Major Drivers,” analysts focus on the robust Q4 2023 results of Akamai. With revenue hitting $995 million and a non-GAAP operating margin of 30%, the company’s performance showcases steady progress. Year-over-year non-GAAP earnings per share saw an impressive 23% increase, emphasizing the positive outlook for Akamai’s growth potential. Through detailed financial analysis and valuation using key metrics like Weighted Average Cost of Capital (WACC), Baptista Research aims to provide investors with valuable insights into Akamai’s future trajectory and the factors that could impact its stock price in the near term.


A look at Akamai Technologies Smart Scores

FactorScoreMagnitude
Value3
Dividend1
Growth3
Resilience3
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

Based on the Smartkarma Smart Scores, Akamai Technologies shows a promising long-term outlook, with strong scores in key areas. The company scores well in Value, Growth, Resilience, and Momentum, reflecting its solid performance across various factors. While the Dividend score is lower, Akamai’s strengths in other areas suggest potential for growth and stability in the future.

Akamai Technologies, Inc. is positioned to capitalize on its expertise in enhancing content and application delivery over the Internet. With a focus on accelerating online transactions, content streaming, and customer interactions, Akamai is well-poised to navigate the digital landscape. Its balanced scores across Value, Growth, Resilience, and Momentum indicate a firm foundation and potential for sustained success in the coming years.


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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Expedia Group, Inc. (EXPE) Earnings: 2Q Adjusted EPS Beats Estimates with Strong Revenue Growth

By | Earnings Alerts
  • Adjusted EPS: $3.51 vs. $2.89 year-over-year (y/y), beating the estimate of $3.12.
  • Revenue: $3.56 billion, up 6% y/y, surpassing the estimate of $3.53 billion.
  • Retail Revenue: $2.43 billion, a marginal increase of 0.7% y/y, missing the estimate of $2.46 billion.
  • B2B Revenue: $1.05 billion, an increase of 22% y/y, exceeding the estimate of $993 million.
  • Trivago Revenue: $77 million, a decline of 6.1% y/y, below the estimate of $114 million.
  • Lodging Revenue: $2.86 billion, up 6.1% y/y, beating the estimate of $2.84 billion.
  • Air Revenue: $111 million, unchanged y/y, missing the estimate of $114.2 million.
  • Adjusted EBITDA: $786 million, up 5.2% y/y, above the estimate of $749.9 million.
  • Adjusted Net Income: $469 million, an increase of 9.6% y/y, surpassing the estimate of $431.6 million.
  • Free Cash Flow: $1.31 billion, a significant increase of 42% y/y, exceeding the estimate of $1.2 billion.
  • Gross Bookings: $28.84 billion, above the estimate of $28.64 billion.
  • Analyst Ratings: 13 buys, 22 holds, and 0 sells.

Expedia Group, Inc. on Smartkarma

Independent analysts on Smartkarma, like Baptista Research, have been closely covering Expedia Group, Inc. and providing valuable insights for investors. In their research report titled “Expedia Group: Advancements in GenAI and Personalized Travel Experiences! – Major Drivers,” Baptista Research highlights how Expedia’s Q1 2024 performance showcased a healthy market environment. However, they noted varying growth rates across different regions and product lines. Despite meeting revenue and EBITDA projections, Expedia faced challenges with weaker gross bookings than expected, especially in the Vrbo business segment.

In another report titled “Expedia Group: Boosting European Travel with New Partnerships! – Major Drivers,” Baptista Research delves into Expedia’s Q4 2023 financial results, emphasizing the company’s solid performance for the year. Despite significant changes and uncertainties, Expedia met its guidance, with strong revenue and EBITDA performance. The lodging business saw impressive growth in hotel gross bookings, although air gross bookings experienced some softness due to lower average ticket prices. Baptista Research also discusses factors influencing the company’s future stock price and conducts an independent valuation using a Discounted Cash Flow (DCF) methodology.


A look at Expedia Group, Inc. Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience4
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

Expedia Group, Inc. has received varying Smart Scores in different aspects of its business. With a high Growth score of 4 and Resilience score of 4, the company seems to have a promising long-term outlook. The Growth score signifies potential for expansion and development, while the Resilience score indicates its ability to withstand challenges. These scores suggest that Expedia Group, Inc. is well-positioned for sustainable growth and can navigate market fluctuations effectively, making it an attractive prospect for investors looking at the long-term horizon.

Despite the strong Growth and Resilience scores, Expedia Group, Inc. received lower scores in Value and Dividend factors. With a Value score of 2 and Dividend score of 1, the company may not be an ideal choice for investors seeking value or dividend income in the short term. However, the positive Momentum score of 3 highlights a certain level of investor interest and market sentiment towards the company. Overall, Expedia Group, Inc. seems poised for growth and resilience in the online travel services sector, making it a stock to watch for long-term investors.


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.


 

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  • βœ“ Unlimited Research Summaries
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