Category

Earnings Alerts

Prestige Estates Projects (PEPL) Earnings: 1Q Net Income Surpasses Estimates Despite Revenue Shortfall

By | Earnings Alerts
  • Prestige Estates’ net income for the first quarter is 2.33 billion rupees, beating the estimate of 1.77 billion rupees.
  • Despite this, net income is down 13% compared to the same period last year.
  • Revenue increased by 11% year-over-year, reaching 18.6 billion rupees, though it missed the estimate of 23.95 billion rupees.
  • Total costs went up by 2.6% year-over-year, totaling 16 billion rupees.
  • Other income dropped significantly to 1.62 million rupees from 2.85 billion rupees year-over-year.
  • Investment analyst recommendations: 16 buys, 1 hold, and 2 sells.

A look at Prestige Estates Projects Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience2
Momentum5
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 utilizing the Smartkarma Smart Scores system have indicated a promising long-term outlook for Prestige Estates Projects. With a strong Momentum score of 5, the company shows robust performance potential in the foreseeable future. This is complemented by a Growth score of 3, suggesting growth opportunities ahead. While Value, Dividend, and Resilience scores are relatively moderate, the high Momentum score highlights Prestige Estates Projects‘ positive momentum in the market.

Prestige Estates Projects Ltd. is a real estate developer specializing in a wide range of projects, including residential developments, commercial properties, hotels, resorts, and retail buildings. With a solid foundation in various real estate sectors, the company’s overall Smart Scores indicate a favorable outlook, especially in terms of momentum and growth potential.


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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Intact Financial (IFC) Earnings: 2Q Undiscounted Combined Ratio Beats Estimates at 87.1%

By | Earnings Alerts
  • Undiscounted Combined Ratio: 87.1%, beating the estimate of 91%
  • Net Operating EPS: C$4.86
  • Book Value per Share: C$88.00
  • Operating Direct Premiums Written: C$6.66 billion
  • Operating Net Investment Income: C$387 million
  • Analyst Ratings: 10 buys, 4 holds, 1 sell

A look at Intact Financial Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.0

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

Intact Financial Corporation, a provider of property and casualty insurance in Canada, shows a promising long-term outlook based on the Smartkarma Smart Scores. With a solid momentum score of 4, Intact Financial demonstrates strong positive price trends, indicating potential future growth. Additionally, the company’s value, dividend, and growth scores all rank at 3, reflecting a balanced performance across these key factors. However, Intact Financial’s resilience score of 2 suggests a slightly lower level of stability, which investors should consider when evaluating the stock.

Intact Financial Corporation focuses on personal and commercial insurance products, including home, automobile, and business coverage. The company’s overall Smartkarma Smart Scores point towards a favorable outlook, especially with a notable momentum score of 4. Investors may find Intact Financial attractive for potential growth opportunities, although the resilience score of 2 indicates some level of risk that should be factored into investment decisions.


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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Hoa Phat Group Jsc (HPG) Earnings Surge: 2Q Profit Soars to 3.3T Dong, Up from 1.45T Dong YoY

By | Earnings Alerts
  • Hoa Phat’s second quarter profit after tax reached 3.3 trillion dong, significantly higher than last year’s 1.45 trillion dong.
  • The company’s revenue for the second quarter was 39.6 trillion dong, a 33% increase year-on-year.
  • For the first half of the year, Hoa Phat reported a profit after tax of 6.2 trillion dong, compared to 1.83 trillion dong in the same period last year.
  • Revenue in the first half of 2024 stood at 70.4 trillion dong, showing a 25% growth year-on-year.
  • Market analysts currently rate Hoa Phat with 14 buys, 1 hold, and no sell recommendations.
  • All comparisons to past results are based on the company’s original disclosures.

A look at Hoa Phat Group Jsc Smart Scores

FactorScoreMagnitude
Value3
Dividend1
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

Analyzing the Smartkarma Smart Scores for Hoa Phat Group Jsc, the company shows a promising long-term outlook. With a solid showing in momentum, scoring 4 out of 5, Hoa Phat Group Jsc demonstrates strong market traction and potential for sustained growth. Additionally, scoring 3 out of 5 in both value and growth, the company indicates a good balance between intrinsic worth and future expansion prospects. These factors position Hoa Phat Group Jsc favorably for investors seeking stability and growth in their portfolios.

Despite a lower score in dividends at 1 out of 5, Hoa Phat Group Jsc‘s resilience score of 3 indicates the company’s ability to weather uncertain economic conditions and maintain its operations effectively. Overall, with a diversified manufacturing portfolio that includes steel, furniture, and refrigeration equipment, Hoa Phat Group Jsc presents a compelling investment opportunity for those looking to capitalize on a company with a solid growth trajectory and market momentum.


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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Ivanhoe Mines (IVN) Earnings: 2Q EPS Misses Estimates, Increased Exploration Spending Noted

By | Earnings Alerts
  • Ivanhoe Mines reported an EPS of 6.0 cents for the second quarter.
  • This is below the same period last year, which had an EPS of 7.0 cents.
  • Analysts had estimated an EPS of 9.1 cents for the second quarter.
  • Exploration and project spending increased significantly, reaching $11 million.
  • This is a sharp rise compared to last year’s spending of $4.38 million.
  • Analyst recommendations include 13 buys, 1 hold, and 1 sell.

A look at Ivanhoe Mines Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
Resilience3
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

Based on the Smartkarma Smart Scores, Ivanhoe Mines seems to have a positive long-term outlook. With high scores in Growth and Momentum, the company appears to be in a strong position for future expansion and performance. The focus on advancing key mine projects in southern Africa indicates a strategic approach to developing valuable resources.

Although the company may not score as high in Value and Dividend, the impressive scores in Growth and Momentum suggest that Ivanhoe Mines is well-positioned to capitalize on opportunities for further development and success in the mining sector. The company’s strategic focus on key projects in South Africa and the DRC highlights its commitment to leveraging resources in potentially lucrative 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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Snam SpA (SRG) Earnings: 1H Adjusted EBITDA Matches Estimates at €1.42 Billion

By | Earnings Alerts
  • Adjusted EBITDA: Snam’s Adjusted EBITDA for the first half (1H) of 2024 came in at €1.42 billion, meeting analysts’ estimates of €1.41 billion.
  • Revenue: The company’s revenue was €1.80 billion, reflecting a 6.1% decrease year-over-year.
  • Analyst Ratings: Snam has received mixed ratings: 9 buys, 9 holds, and 2 sells from analysts.

A look at Snam SpA Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE3.2

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

Based on the Smartkarma Smart Scores, Snam SpA, the owner and operator of Italy’s natural-gas distribution network, presents a promising long-term outlook. With a high Dividend score of 5, the company is attractive for investors seeking steady income. Additionally, Snam SpA scores well in terms of Value and Growth with scores of 3, indicating favorable positioning in terms of potential growth opportunities and undervaluation. Despite a slightly lower Resilience score of 2, the company shows promising Momentum at 3, suggesting positive performance trends in the future.

Snam SpA‘s strategic position in owning and managing Italy’s gas distribution network positions it as a key player in the industry. The company’s strong emphasis on dividends appeals to income-focused investors, while its growth potential and overall value offer a diversified investment opportunity. Although facing challenges in resilience, Snam SpA‘s positive momentum indicates optimism for its future performance in the natural gas 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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Mastercard (MA) Earnings: 2Q Adjusted EPS of $3.59 Beats Estimates with Strong Cross-Border Volumes

By | Earnings Alerts
  • Adjusted EPS: $3.59, beating the estimate of $3.52
  • EPS: $3.50
  • Net Revenue: $6.96 billion, higher than the estimate of $6.86 billion
  • Operating Margin: 58%, slightly below the estimate of 58.5%
  • Cross-border Volumes: Increased by 17%, surpassing the estimate of 16.4%
  • Purchase Volume: $1.97 trillion, missing the estimate of $2.01 trillion
  • Purchase Volume Growth: 10%, just below the estimate of 10.3%
  • Gross Dollar Volume: $2.40 trillion, below the estimate of $2.46 trillion
  • Operating Expenses: $2.93 billion, slightly higher than the estimate of $2.91 billion
  • Analyst Recommendations: 43 buys, 5 holds, 0 sells

Mastercard on Smartkarma

Analyst coverage of Mastercard on Smartkarma reveals a positive sentiment towards the company’s performance and growth. Baptista Research highlights Mastercard Inc.’s strong position in the payments sector, driven by revenue and adjusted net income growth in Q1 2024, particularly emphasizing the rapid increase in cross-border volumes. The firm deems Mastercard attractive for investors due to various factors at play.

Meanwhile, MAGELLAN – IN THE KNOW‘s investment in Mastercard has yielded consistent annual returns, with over 20% for more than 14 years. The company is well poised to benefit from the global shift towards cashless payments, leveraging personalization, gig economy trends, and fraud prevention strategies. Alyssa DeMarco from MAGELLAN discusses Mastercard‘s evolution, diversification focus, and global expansion strategy, showcasing positive growth and innovation trends within the company.


A look at Mastercard Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience2
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

MasterCard, Inc. is positioned for promising long-term growth according to the Smartkarma Smart Scores analysis. With a strong score of 4 for Growth, the company is expected to excel in expanding its business operations and market presence. This signifies positive prospects for MasterCard in terms of increasing its revenue streams and developing innovative payment solutions to cater to evolving consumer needs.

While MasterCard scores fairly in other areas such as Value, Dividend, Resilience, and Momentum, it’s the notable Growth score that suggests a bright future for the company. As a global payment solutions provider, MasterCard’s strategic focus on driving growth through innovation and technology is likely to drive its success in the competitive financial services industry over 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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Clean Harbors (CLH) Earnings: Q2 Revenue Surges 11%, Beats Estimates at $1.55 Billion

By | Earnings Alerts
  • Clean Harbors‘ 2Q revenue reached $1.55 billion, marking an 11% increase year-over-year.
  • This exceeded the estimated revenue of $1.53 billion for the quarter.
  • Earnings per share (EPS) were $2.46, compared to $2.13 in the same period last year.
  • The Environmental Services (ES) segment benefited from strong organic growth and the late March acquisition of HEPACO.
  • Field Services saw a significant revenue growth of 64%, driven by the acquisition of HEPACO and strong organic growth in the legacy business.
  • The integration of HEPACO is progressing well, with successful collaboration on several large emergency response events.
  • Technical Services experienced a revenue growth of 14% compared to the second quarter of 2023, due to higher network volumes.
  • Analyst Ratings: 10 buys, 2 holds, and 0 sells.

Clean Harbors on Smartkarma

Analyst coverage of Clean Harbors on Smartkarma reveals positive sentiments and insights from Baptista Research. In their report titled “Clean Harbors Inc.: Enhancing Environmental Services Through Expanded Solutions & PFAS Regulation Response! – Major Drivers,” Baptista Research highlights a solid start to 2024 for Clean Harbors. The company’s Environmental Services division showed robust performance with a 10% revenue increase driven by organic growth and strategic mergers. Particularly, the technical services segment saw an 11% spike, indicating strength in operational volumes. Despite challenges in pricing environments affecting certain segments, Clean Harbors is positioned well for success with key drivers driving growth.

Baptista Research‘s analysis underscores the company’s ability to navigate challenges and capitalize on growth opportunities, positioning Clean Harbors favorably within the environmental services industry. The report provides valuable insights for investors looking to understand Clean Harbors‘ financial health and strategic direction. With a focus on expanded solutions and effective responses to regulatory changes like PFAS regulations, Clean Harbors is poised for continued success in the market. The research offers a comprehensive view of Clean Harbors‘ performance and prospects, serving as a valuable resource for investors seeking to make informed decisions in the ever-evolving market landscape.


A look at Clean Harbors Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
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, Clean Harbors has shown promising long-term potential with strong scores in Growth and Momentum. The company scored a 4 in Growth, indicating a positive outlook for expansion and development. Additionally, with a Momentum score of 4, Clean Harbors is demonstrating strong market performance and investor interest. However, the company scored lower in Value and Resilience with scores of 2, suggesting some room for improvement in terms of valuation and ability to withstand market challenges. The Dividend score of 1 indicates a relatively weaker performance in terms of dividend payouts.

Clean Harbors, Inc. provides a range of environmental remediation and waste management services in the U.S. and Puerto Rico. Their services include dealing with hazardous and non-hazardous waste, surface and groundwater remediation, waste packaging, analytical testing, and consulting. With a solid Growth and Momentum outlook, Clean Harbors is positioned for potential future growth and market performance, albeit with areas to strengthen in terms of Value and Resilience.


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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Lincoln Electric (LECO) Earnings: 2Q Adjusted EPS Surpasses Estimates Despite Sales Decline

By | Earnings Alerts
  • Lincoln Electric 2Q Adjusted EPS: $2.34 vs. $2.44 y/y, estimate: $2.29.
  • Net Sales: $1.02 billion, -3.7% y/y, estimate: $1.03 billion.
  • Americas welding sales: $686.7 million, -3% y/y, estimate: $659.5 million.
  • International welding sales: $247.6 million, -5.4% y/y, estimate: $235.8 million.
  • Harris Products Group sales: $137.3 million, +3.2% y/y, estimate: $129.1 million.
  • Return on invested capital: +22.3% vs. +22% y/y.
  • 6 analysts rate Lincoln Electric as “Buy”, 3 as “Hold”, and 3 as “Sell”.

A look at Lincoln Electric Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.0

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

Lincoln Electric Holdings, Inc. is a company that designs and manufactures welding and cutting products. Their range includes arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes, fluxes, and regulators and torches used in oxy-fuel welding and cutting. According to Smartkarma Smart Scores, Lincoln Electric has been rated with a Value score of 2, Dividend score of 3, Growth score of 4, Resilience score of 3, and Momentum score of 3. This indicates a positive long-term outlook for the company, especially in terms of growth and resilience.

With a solid Growth score of 4 and a Resilience score of 3, Lincoln Electric is positioned well for the future. The company’s focus on innovation and development in the welding and cutting products industry is likely to drive growth opportunities. Additionally, the company’s ability to withstand market disruptions and maintain stability, as reflected in the Resilience score, provides a sense of security for investors. While the Value score is moderate at 2, the overall positive outlook based on the Smartkarma Smart Scores suggests that Lincoln Electric is a company worth considering for 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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Humana Inc (HUM) Earnings: 2Q Adjusted EPS Surpasses Estimates, Revenue Hits $29.54 Billion

By | Earnings Alerts
  • Humana’s adjusted EPS for Q2 is $6.96, surpassing the estimate of $5.87.
  • Reported revenue is $29.54 billion, beating the estimate of $28.49 billion.
  • Insurance revenue totals $28.53 billion.
  • The operating cost ratio is 10.8%, matching the estimated 10.8%.
  • Centerwell revenue is $4.95 billion, ahead of the estimate of $4.76 billion.
  • The benefit expense ratio is 89%, compared to 86.3% year-over-year and an estimate of 88.9%.
  • 2024 EPS forecast revised to approximately $12.81, down from $13.93, with an estimate of $15.30.
  • Adjusted EPS forecast for 2024 remains at approximately $16, close to the estimate of $16.32.
  • Humana raises its 2024 individual Medicare Advantage annual membership growth by 75,000, projecting total growth of approximately 225,000, or 4.2%.
  • The revised GAAP EPS guidance for FY 2024 is approximately $12.81, down from $13.93.
  • 13 analysts recommend buying Humana’s stock, 14 recommend holding, and none recommend selling.

Humana Inc on Smartkarma

Analysts at Baptista Research on Smartkarma are closely monitoring Humana Inc, a significant player in the health insurance industry. According to their report titled “Humana Inc.: Enhanced Strategic Management of Benefit Costs and Member Acquisition Tactics! – Major Drivers,” Humana has shown a mixed performance in the first quarter of 2024. Despite this, the company has adjusted its expectations for the upcoming year, reaffirming its full-year adjusted EPS guidance at around $16. With an increase in membership growth outlook from 100,000 to 150,000 net additions, Humana is displaying operational resilience and strategic expansions. The report highlights positive medical cost trends and growth in their primary care business, indicating a strong performance.

In another report by Baptista Research, titled “Humana Inc.: Impacts on Pharmacy Benefit Managers (PBMs) Resulting From IRA Changes & Other Major Drivers,” Humana’s first quarter results for 2024 were analyzed. CEO Bruce Broussard and CFO Susan Diamond provided insights during a Q&A session following the earnings call. Broussard emphasized Humana’s solid start in 2024, confirming the company’s full-year adjusted earnings per share (EPS) guidance at approximately $16. The report sheds light on the company’s financial performance and future outlook, showing a positive sentiment towards Humana’s growth trajectory and strategic decisions in the industry.


A look at Humana Inc Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE3.0

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

According to Smartkarma Smart Scores, Humana Inc. is positioned with a promising long-term outlook. With a high momentum score of 4, the company is showing strong performance trends that may continue in the future. This indicates positive market sentiment and potential growth opportunities for investors.

Moreover, Humana Inc. received above-average scores in value, growth, and resilience, all at a level of 3. This suggests that the company is considered to have solid fundamentals and is well-positioned for sustainable growth. However, with a dividend score of 2, investors may not see significant returns in terms of dividends. Overall, based on these scores, Humana Inc. seems to be a company with growth potential and strong market momentum worth keeping an eye on for 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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Hess Corp (HES) Earnings: 2Q Adjusted EPS Surpasses Estimates with Strong Performance

By | Earnings Alerts
  • Adjusted EPS: $2.62, compared to last year’s $0.65, and surpassed the estimate of $2.53.
  • Reported EPS: $2.46, up from last year’s $0.39.
  • Realized price per barrel for NGLs: $20.07, a 12% increase year-over-year, though below the estimate of $21.97.
  • Realized natural gas price per thousand cubic feet: $4.22, a 10% rise year-over-year, beating the estimate of $3.62.
  • Adjusted cash flow from operations: $1.59 billion, up 63% year-over-year, and exceeding the estimate of $1.56 billion.
  • Exploration and Production capital expenditure (E&P capex): $1.15 billion, a 23% increase year-over-year, slightly below the estimate of $1.18 billion.
  • Average hedged realized oil price per barrel: $80.29, a 13% increase year-over-year, close to the estimate of $80.42.
  • Total revenues and non-operating income: $3.26 billion, up 40% year-over-year, and above the estimate of $3.2 billion.
  • Analyst recommendations include 6 buys, 13 holds, and 0 sells.

A look at Hess Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
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

Based on the Smartkarma Smart Scores, Hess Corp appears to have a promising long-term outlook. With a strong Growth score of 5, indicating the company’s potential for expansion and increasing earnings over time, Hess Corp seems well-positioned for future growth in the energy sector. Additionally, the Momentum score of 3 suggests positive market momentum that could support the company’s future performance. While the Value, Dividend, and Resilience scores are not as high, the focus on growth and positive market momentum bodes well for Hess Corp‘s prospects in the long run.

Hess Corporation, a global independent energy company specializing in the exploration and production of crude oil and natural gas, seems to have a bright future ahead. Despite moderate scores in areas such as Value, Dividend, and Resilience, the company excels in Growth, suggesting a strong potential for expansion and profitability in the long term. With a solid foundation in the energy sector, Hess Corp‘s emphasis on growth and positive market momentum could drive its success and resilience in the years to come.


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