Category

Earnings Alerts

Teva Pharmaceutical Industries (TEVA) Earnings: Q2 Revenue Surpasses Estimates at $4.16 Billion

By | Earnings Alerts
  • Teva’s 2Q revenue was $4.16 billion, higher than the estimated $4.05 billion.
  • Revenue from Austedo in North America reached $407 million.
  • Treanda & Bendeka generated $41 million in North America revenue.
  • Copaxone’s revenue breakdown:
    • North America: $81 million
    • Europe: $53 million
    • International: $14 million
  • Adjusted EPS was 61 cents.
  • Adjusted EBITDA stood at $1.17 billion, exceeding the estimated $1.14 billion.
  • Teva’s total debt is $18.64 billion.
  • Analyst ratings:
    • 8 buys
    • 2 holds
    • 1 sell

A look at Teva Pharmaceutical Industries Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
Resilience2
Momentum5
OVERALL SMART SCORE3.0

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

Based on Smartkarma Smart Scores, Teva Pharmaceutical Industries seems to have a promising long-term outlook. The company received high scores in Growth and Momentum, indicating strong potential for future expansion and positive market performance. These factors suggest that Teva Pharmaceutical Industries is well-positioned to capitalize on growth opportunities and maintain a positive trajectory in the pharmaceutical industry.

Although the company scored lower in Value, Dividend, and Resilience, the high scores in Growth and Momentum outweigh these lower scores. Teva Pharmaceutical Industries operates as a pharmaceutical company, developing, manufacturing, and marketing generic and branded human pharmaceuticals. With a global customer base, the company has the potential to build on its strengths in Growth and Momentum to drive long-term success and value creation.


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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Bank Of Baroda (BOB) Earnings: Q1 Net Income Falls Short of Estimates Amid Mixed Financial Performance

By | Earnings Alerts
  • Net Income: 44.6 billion rupees, a 9.6% year-on-year increase, but missed the estimate of 45.46 billion rupees.
  • Gross Non-Performing Assets: Improved to 2.88% from 2.92% quarter-on-quarter, but higher than the estimated 2.75%.
  • Amount of Gross Non-Performing Assets: Decreased by 3% quarter-on-quarter to 308.7 billion rupees, better than the estimated 312.67 billion rupees.
  • Provisions: Decreased by 22% quarter-on-quarter to 10.1 billion rupees, significantly lower than the estimated 17.87 billion rupees.
  • Operating Profit: 71.6 billion rupees, an 8.5% year-on-year decline, missing the estimate of 78.01 billion rupees.
  • Interest Income: 296.3 billion rupees, a 12% year-on-year increase, but below the estimated 308.66 billion rupees.
  • Interest Expense: Increased by 16% year-on-year to 180.3 billion rupees, slightly better than the estimate of 189.76 billion rupees.
  • Other Income: Declined by 25% year-on-year to 24.9 billion rupees.
  • Net Interest Income: 116 billion rupees, a 5.5% year-on-year increase, but missed the estimate of 119.21 billion rupees.
  • Coverage Ratio for Non-Performing Loans: Remained stable at 93.3% quarter-on-quarter.
  • Capital Adequacy Ratio: Improved to 16.8% from 16.3% quarter-on-quarter.
  • Analyst Recommendations: 27 buys, 8 holds, and 1 sell rating.

Bank Of Baroda on Smartkarma

Analyst Coverage on Bank of Baroda on Smartkarma

On Smartkarma, independent analyst Victor Galliano recently shared insights on Bank of Baroda in a research report titled “Indian Banks Screener: Bank of Baroda Remains the Value Pick, HDFC Bank Is the Quality Name.” Galliano remains bullish on Bank of Baroda, deeming it as the top pick due to its modest valuations, healthy Return on Equity (ROE), and improving returns. Additionally, he highlights HDFC Bank as a buy opportunity with potential for medium-term return gains.

Despite Bank of Baroda’s strong share performance, Galliano maintains its status as a value investment given its modest valuations, robust ROE, and positive trends in delinquency metrics. In contrast, State Bank of India receives a negative outlook due to delinquency risks, low core capital ratio, and limited progress on returns. The report provides valuable insights for investors looking to navigate the Indian banking sector and make informed investment decisions.


A look at Bank Of Baroda Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth5
Resilience2
Momentum2
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

Bank of Baroda has received impressive Smart Scores across the board, with top marks in Value, Dividend, and Growth. This indicates a positive long-term outlook for the company, reflecting strong intrinsic value, attractive dividend payouts, and promising growth potential. However, the scores for Resilience and Momentum are lower, suggesting some room for improvement in terms of stability and market momentum. Overall, the combination of high scores in key areas bodes well for Bank of Baroda’s future performance in the banking sector.

Bank of Baroda, a leading commercial bank in India, offers a wide range of traditional banking services such as CDs, credit cards, car loans, as well as innovative offerings like gold banking and insurance services. The group also has a presence in international markets through its subsidiary, IBU International Finance Limited in Hong Kong. With strong Smart Scores in Value, Dividend, and Growth, Bank of Baroda appears well-positioned to capitalize on its diverse portfolio and expand its market presence 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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Earnings Surpasses Estimates: Automatic Data Processing (ADP) Reports Strong 4Q Adjusted EPS

By | Earnings Alerts
  • Adjusted EPS for Q4 was $2.09, higher than the previous year’s $1.89 and above the estimate of $2.06.
  • Revenue reached $4.77 billion, representing a 6.5% year-over-year increase, surpassing the estimate of $4.74 billion.
  • Employer services revenue was $3.22 billion, up 6.5% year-over-year, just below the estimate of $3.23 billion.
  • PEO (Professional Employer Organization) services revenue amounted to $1.55 billion, a 6.4% year-over-year increase, exceeding the estimate of $1.52 billion.
  • Pretax profit stood at $1.09 billion, an 8.3% increase year-over-year, slightly below the estimate of $1.11 billion.
  • Employer services pretax earnings were $1.06 billion, marking a 14% year-over-year rise, compared to an estimate of $1.04 billion.
  • Employer services pretax margin improved to 33% from 30.8% year-over-year, beating the estimate of 32.3%.
  • Forecast for 2025 indicates adjusted EPS growth of 8% to 10%.
  • Revenue forecast for 2025 is expected to rise by 5% to 6%.
  • Employer services new bookings for 2025 are anticipated to increase by 4% to 7%.
  • Analyst ratings: 3 buys, 16 holds, and 2 sells.

Automatic Data Processing on Smartkarma



Analyst coverage on Smartkarma for Automatic Data Processing (ADP) by Baptista Research provides an optimistic outlook on the company’s financial performance and strategic investments. In the report titled “Automatic Data Processing (ADP): Investments in Gen AI for Improving Service and Sales Efficiency! – Major Drivers,” Baptista Research highlights ADP’s robust third-quarter fiscal performance for 2024. Key figures such as a 7% revenue growth and a 14% adjusted diluted EPS growth demonstrate solid financial performance amidst a competitive business landscape. ADP’s strong Employer Services (ES) new business bookings growth is also emphasized, setting the company on course to meet its full-year outlook.

In another report by Baptista Research titled “Automatic Data Processing (ADP): What Is The Potential of Its Gen AI Investment? – Major Drivers,” ADP’s Q2 2024 earnings are spotlighted. The company exhibited a strong quarter with 6% revenue growth and 9% adjusted EPS growth. Particularly notable was the significant growth in ADP’s small business portfolio and positive performance in the mid-market and international business segments. The report also mentions ADP’s steady 2% growth in Employer Services paid for control, indicating consistent client additions and moderate employee growth. Overall, these analyst insights underscore ADP’s positive trajectory and strategic investments in Gen AI for enhancing service and sales efficiency.




A look at Automatic Data Processing Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience3
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

Automatic Data Processing, Inc. is positioned for a bright future according to the Smartkarma Smart Scores analysis. With solid scores across the board, the company is rated highly for its growth potential and momentum in the market. Its services in human resource, payroll, tax, and benefits administration solutions are expected to drive sustained growth in the long term.

Furthermore, Automatic Data Processing demonstrates resilience and offers a decent dividend to investors. While the company may not be a top scorer in terms of value, its overall outlook remains positive. As a global leader in business outsourcing solutions, Automatic Data Processing, Inc. continues to adapt to market demands and deliver value to its clients, making it an attractive prospect 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.
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President Chain Store (2912) Earnings: 1H Net Income Reaches NT$6.30B and EPS at NT$6.06

By | Earnings Alerts
  • President Chain reported a net income of NT$6.30 billion for the first half of 2024.
  • Operating profit for the same period stood at NT$7.32 billion.
  • Total revenue reached NT$163.91 billion.
  • Earnings per share (EPS) was NT$6.06.
  • Analyst ratings: 11 buys, 4 holds, and 1 sell.

A look at President Chain Store 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

President Chain Store Corp., the operator of seven-eleven convenience stores in Taiwan, is positioned for a positive long-term outlook based on Smartkarma Smart Scores. With a strong Dividend score of 4 and Growth score of 4, the company demonstrates robust potential for both income generation and expansion. Additionally, a Momentum score of 4 indicates a favorable upward trend in market performance, suggesting a promising future for investors. While Value and Resilience scores are more moderate at 2, President Chain Store‘s diversified business areas in retail, logistics, and information systems provide a solid foundation for sustained growth.

In summary, President Chain Store Corp.’s Smartkarma Smart Scores highlight its solid footing in the market, particularly in terms of dividends, growth prospects, and market momentum. Operating a wide range of services beyond just convenience stores, the company’s strategic positioning within various business sectors enhances its resilience and potential for long-term 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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Cameco Corp (CCO) Earnings: 2Q Adjusted EPS Falls Short of Estimates

By | Earnings Alerts

Listicle

  • Cameco’s 2Q adjusted EPS came in at C$0.14, missing the estimate of C$0.26.
  • Revenue for the quarter was C$598 million, falling short of the estimated C$711.4 million.
  • Uranium production totaled 7.1 million pounds.
  • Results reflect normal quarterly variability and acquisition-related costs.
  • Westinghouse performance reaffirms expectations despite some impacts on overall results.
  • Cameco’s contract portfolio has commitments covering the next decade, averaging 29 million pounds per year from 2024-2028.
  • The portfolio aligns production rates with market demand and supports a tier-one cost structure.
  • Analyst ratings include 13 buys, 2 holds, and 0 sells.

A look at Cameco Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
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

Analysts using the Smartkarma Smart Scores have provided an overall positive outlook for Cameco Corp, a company that explores, mines, and refines uranium for use in nuclear power generation. The company has received a high score of 5 for Growth, indicating strong potential for expansion and development in the long term. This suggests that Cameco may experience significant growth opportunities in the coming years.

Additionally, Cameco Corp has scored a solid 4 for Momentum, reflecting positive market sentiment and upward trends in the company’s performance. These scores suggest that despite moderate scores in other areas such as Value and Resilience (2 each) and Dividend (2), Cameco Corp is well-positioned for growth and progress in the foreseeable future as it continues to operate on a global scale.


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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Indofood CBP Sukses (ICBP) Earnings Soar: 1H Net Sales Up 7.2% Y/Y, Core Profit Rises 20%

By | Earnings Alerts
  • Indofood CBP’s net sales for the first half of 2024 reached 36.96 trillion rupiah.
  • This marks a 7.2% increase compared to the same period last year, when net sales were 34.48 trillion rupiah.
  • Core profit saw a significant rise of 20%, reaching 5.62 trillion rupiah, up from 4.68 trillion rupiah in the first half of the previous year.
  • Market analysts are very positive about the company’s performance, with 34 buys, 0 holds, and 0 sells.
  • All comparisons are based on figures provided directly by Indofood CBP in their disclosures.

A look at Indofood CBP Sukses Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
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

According to the Smartkarma Smart Scores, Indofood CBP Sukses has an overall positive outlook for the long term. The company received decent scores across the board, indicating a promising future. With average scores in Value, Growth, Resilience, and Momentum, Indofood CBP Sukses seems to be on a steady path towards success.

PT Indofood CBP Sukses Makmur Tbk is a comprehensive food solutions company that offers a variety of food products. From sourcing raw materials to producing consumer goods for retail, the company covers every aspect of the food manufacturing process. With a balanced mix of scores highlighting its value, dividend, growth, resilience, and momentum, Indofood CBP Sukses appears to be a stable player in the food industry poised for continued 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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United Therapeutics (UTHR) Earnings: 2Q Revenue Beats Estimates, EPS Misses

By | Earnings Alerts
  • Revenue: $714.9 million, a 20% increase year-over-year (y/y); estimate was $692 million.
  • Net Tyvaso Sales: $398.2 million, a 25% increase y/y; estimate was $400.6 million.
  • Net Remodulin Sales: $147.3 million, a 16% increase y/y; estimate was $129.1 million.
  • Net Orenitram Sales: $107.1 million, a 13% increase y/y; estimate was $104.8 million.
  • Net Unituxin Sales: $51.7 million, a 17% increase y/y; estimate was $53.2 million.
  • Net Adcirca Sales: $5.7 million, a 24% decrease y/y; estimate was $6.06 million.
  • EPS (Earnings Per Share): $5.85 versus $5.24 y/y; estimate was $6.50.
  • R&D Expenses: $139.6 million, a 57% increase y/y; estimate was $114.3 million.
  • Analyst Ratings: 10 buys, 3 holds, 2 sells.

United Therapeutics on Smartkarma

Analyst coverage of United Therapeutics on Smartkarma has highlighted positive sentiments from Baptista Research. In their report titled “United Therapeutics Corporation: Xenotransplantation Initiatives; Expansion into Pulmonary Hypertension Treatment & Other Major Drivers,” Baptista Research lauds the company’s robust financial results for the first quarter of 2024, showcasing strong growth and development in its product lines and research endeavors. The analysis focuses on a comprehensive strategy balancing growth, capital allocation, and product development, aiming to evaluate factors influencing the company’s future price through an independent valuation using a Discounted Cash Flow methodology.

Baptista Research‘s other report, “United Therapeutics Corporation: Initiation Of Coverage – 6 Biggest Factors Driving Its Future Growth! – Financial Forecasts,” emphasizes UTC’s solid financial performance in the fourth quarter of 2023, with record revenue and income marking consistent growth trends. The report underscores the company’s over 20% growth in both quarterly and annual revenue, reflecting a positive outlook for United Therapeutics Corporation’s future prospects as a biotech major.


A look at United Therapeutics Smart Scores

FactorScoreMagnitude
Value3
Dividend1
Growth4
Resilience4
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

United Therapeutics Corporation, a pharmaceutical company focusing on vascular disease treatments like pulmonary hypertension, shows a promising long-term outlook based on Smartkarma Smart Scores. The company scores high in Growth, Resilience, and Momentum, indicating strong potential for expansion, stability in challenging conditions, and positive market momentum. With a solid track record in developing stable synthetic prostacyclin products for oral and subcutaneous delivery, United Therapeutics is positioned for continued success in the pharmaceutical industry.

Despite a lower score in Dividend, the company’s strengths in Value, Growth, Resilience, and Momentum overshadow this factor. Investors considering United Therapeutics can be optimistic about its future performance, driven by its innovative product portfolio and the positive market sentiment reflected in the Smart Scores. Overall, United Therapeutics‘ focus on vascular disease treatments and its strong performance across key metrics make it an attractive prospect for long-term investment.


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 Beats Estimates with Strong Revenue Growth

By | Earnings Alerts
  • Humana’s second quarter (2Q) Adjusted Earnings Per Share (EPS) exceeded estimates, coming in at $6.96 compared to the expected $5.87.
  • The company reported revenue of $29.54 billion, surpassing the estimated $28.49 billion.
  • Insurance revenue for the quarter was $28.53 billion.
  • The operating cost ratio matched estimates at 10.8%.
  • Centerwell, Humana’s healthcare services division, reported revenue of $4.95 billion, higher than the projected $4.76 billion.
  • Humana raised its 2024 individual Medicare Advantage annual membership growth forecast by 75,000, now expecting approximately 225,000 new members, a 4.2% increase.
  • The company revised its GAAP EPS guidance for the year ending December 31, 2024, from $13.93 to $12.81.
  • Humana reaffirmed its Adjusted EPS guidance of approximately $16.00 for FY 2024.
  • Analysts’ current ratings show 13 buy recommendations, 14 hold recommendations, and no sell recommendations for Humana stock.

Humana Inc on Smartkarma

On Smartkarma, independent analysts like Baptista Research have been providing in-depth coverage of Humana Inc. One report, titled “Humana Inc.: Enhanced Strategic Management of Benefit Costs and Member Acquisition Tactics! – Major Drivers,” highlights how Humana has shown a mixed set of results for the first quarter of 2024. Despite this, the company has adjusted its expectations for the upcoming year. With a reaffirmed full-year adjusted EPS guidance and increased membership growth outlook, Humana is demonstrating operational resilience and strategic expansions. Positive medical cost trends and growth in their primary care business further support this performance.

Another report by Baptista Research, titled “Humana Inc.: Impacts on Pharmacy Benefit Managers (PBMs) Resulting From IRA Changes & Other Major Drivers,” delves into Humana’s first quarter results for 2024. CEO Bruce Broussard and CFO Susan Diamond shared insights during a Q&A session post-earnings call. Broussard emphasized Humana’s strong start to 2024, reaffirming the company’s full-year adjusted earnings per share (EPS) guidance and increasing their individual MA membership growth outlook. These reports provide investors with valuable insights into Humana’s financial performance and future prospects.


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

Humana Inc. is positioned well for long-term growth with a promising outlook based on its Smartkarma Smart Scores. With a strong momentum score of 4, the company is showing positive market momentum which bodes well for its future performance. Additionally, Humana Inc. scores decently across other key factors such as value, growth, and resilience with scores of 3 in each category. This suggests that the company is competitively priced, has good growth potential, and demonstrates resilience in the face of challenges.

Overall, Humana Inc., a managed health care company catering to members in the United States and Puerto Rico, appears to be on a solid trajectory for sustained success. While the dividend score is lower at 2, the company’s overall scores indicate a robust foundation for continued growth and performance.


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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WEG (WEGE3) Earnings: 2Q Net Income Surpasses Estimates with Strong 16% EBITDA Growth

By | Earnings Alerts
  • Weg’s net income for Q2 2024 reached R$1.44 billion, marking a 5.4% year-over-year increase and surpassing the estimate of R$1.35 billion.
  • Net operating revenue hit R$9.27 billion, up by 14% year-over-year, aligning with estimates.
  • Domestic market net operating revenue was R$4.13 billion, a rise of 10% year-over-year.
  • External market net operating revenue increased by 16% year-over-year to R$5.14 billion.
  • EBITDA for the quarter was R$2.12 billion, showing a 16% increase year-over-year and beating the estimate of R$1.93 billion.
  • The EBITDA margin stood at 22.9%.
  • Return on invested capital was 37.4%, exceeding the 31% estimate.
  • Weg received 8 buy ratings, 5 hold ratings, and 2 sell ratings from analysts.

A look at WEG Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience5
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

Analysts assessing WEG’s long-term outlook using Smartkarma Smart Scores highlight positive prospects in various key areas. With a solid Growth score of 4 and top-notch Resilience and Momentum scores of 5 each, WEG is positioned well for future expansion and market stability. Moreover, the Value and Dividend scores of 2 suggest a balanced approach to financial performance and shareholder returns.

WEG S.A., known for manufacturing industrial machinery such as electric motors, transformers, generators, and control systems, stands out for its strong Resilience and Momentum according to the Smartkarma Smart Scores. These scores reflect the company’s ability to adapt to market challenges and maintain growth momentum, boding well for its long-term sustainability and success in the industrial machinery 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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Fortis /Canada (FTS) Earnings: 2Q Adjusted EPS Surpasses Estimates with Strong 9.6% Growth

By | Earnings Alerts
  • Fortis’ Adjusted Earnings Per Share (EPS) for Q2 2024 is C$0.67, higher than last year’s C$0.62 and above the estimate of C$0.65.
  • Adjusted net income for Fortis in Q2 is C$331 million, marking a 9.6% increase from the previous year. The estimate was C$321.4 million.
  • Fortis expects long-term growth in its rate base to drive earnings, supporting a dividend growth guidance of 4-6% annually through 2028.
  • The corporation has a $25 billion five-year capital plan aimed at increasing its midyear rate base from $37.0 billion in 2023 to $49.4 billion by 2028.
  • This capital plan translates into a five-year compound annual growth rate (CAGR) of 6.3%.
  • The investment community’s recommendations for Fortis include 4 buys, 6 holds, and 3 sells.

A look at Fortis /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

Fortis, Inc., a gas and electric distribution company operating in Canada, shows a positive long-term outlook based on Smartkarma Smart Scores. With a high Value score of 4 and a strong Dividend score of 4, the company presents as a solid investment option. While its Growth score is moderate at 3, Fortis demonstrates robust Momentum with a score of 4, indicating a favorable trajectory for the company. However, its Resilience score of 2 shows a slight weakness in this aspect. Overall, Fortis seems well-positioned for growth and value appreciation in the long run.

Fortis, Inc. operates regulated utilities in electric and gas sectors and is also involved in non-regulated hydroelectric activities. Serving customers across Canada, the United States, and the Caribbean, Fortis is a key player in the energy distribution industry. With predominantly high scores in Value, Dividend, and Momentum, Fortis showcases its financial stability and growth potential. Despite a lower Resilience score, the company’s overall outlook remains positive, making it an attractive investment opportunity for investors seeking steady returns 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

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