Category

Earnings Alerts

Unum Group (UNM) Earnings: Strong 2Q Book Value per Share Surpasses Estimates, Full-Year Outlook Upgraded

By | Earnings Alerts
  • Unum’s book value per share for Q2 was $55.63, a significant increase from $47.06 year-over-year, and above the estimated $55.08.
  • Total revenue stood at $3.23 billion, marking a 3.9% increase year-over-year, meeting the estimates.
  • Premium income rose by 4.7% year-over-year to $2.63 billion, in line with expectations.
  • Net investment income increased by 2.6% year-over-year to $545.1 million, surpassing the estimate of $523.9 million.
  • Adjusted operating earnings per share (EPS) improved to $2.16 from $2.06 year-over-year, beating the estimate of $2.02.
  • The full-year 2024 outlook for after-tax adjusted operating EPS has been raised to between 10% and 15% growth.
  • President and CEO Richard P. McKenney highlighted strong performance in the Group Life business and ongoing investments in growth.
  • Unum is committed to being the preferred choice for customers while returning capital to shareholders.
  • Analyst ratings: 7 buys, 5 holds, and 1 sell.

Unum Group on Smartkarma

Analysts on Smartkarma are bullish on Unum Group, as highlighted in Baptista Research‘s report titled “Unum Group: Initiation of Coverage – Expansion Of Service Capabilities & 3 Critical Growth Drivers.” The report acknowledges Unum Group‘s commendable performance in the first quarter of 2024, with a notable 13.6% increase in earnings per share, reaching a record $2.12 per share. The company’s emphasis on achieving this growth through a significant $350 million in statutory earnings and a 6.6% rise in core operations premium growth has impressed analysts.


A look at Unum Group Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth4
Resilience3
Momentum3
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

Unum Group, a company specializing in group disability and special risk insurance, is positioned favorably for long-term growth. With strong scores in Value, Growth, and Resilience, Unum Group demonstrates a solid foundation for continued success in the insurance industry. A high Value score indicates that the company is considered undervalued relative to its fundamentals, offering potential for investors. Additionally, a solid Growth score reflects positive expectations for the company’s future expansion and profitability.

Although Unum Group‘s Dividend, Momentum, and Resilience scores are not as high as some other factors, the company’s overall outlook remains positive. The company’s resilience score suggests a capacity to weather economic uncertainties and market fluctuations, providing stability to investors. With a diverse portfolio of offerings including disability insurance, group life insurance, and voluntary benefits, Unum Group is well-positioned to capitalize on emerging opportunities and deliver value to its shareholders 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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Advanced Micro Devices (AMD) Earnings: 2Q EPS Beats Estimates with Strong Data Center and Client Growth

By | Earnings Alerts

Listicle

  • Adjusted EPS: 69 cents, beating estimates of 68 cents and last year’s 58 cents.
  • Revenue: $5.84 billion, an 8.9% increase year-over-year (y/y), exceeding the $5.73 billion estimate.
  • Data Center Revenue: $2.83 billion, a substantial rise from $1.32 billion y/y, and surpassing the $2.75 billion estimate.
  • Gaming Revenue: $648 million, down 59% y/y, slightly above the estimate of $646.8 million.
  • Client Revenue: $1.49 billion, up 49% y/y, exceeding the $1.45 billion estimate.
  • Embedded Revenue: $861 million, down 41% y/y, above the $850 million estimate.
  • Adjusted Gross Margin: 53%, up from 50% y/y, and matching estimates.
  • Capital Expenditure: $154 million, a 23% increase y/y, higher than the $127.1 million estimate.
  • Adjusted Operating Income: $1.26 billion, an 18% increase y/y, slightly above the $1.25 billion estimate.
  • Adjusted Operating Margin: 22%, up from 20% y/y, and slightly higher than the 21.8% estimate.
  • Free Cash Flow: $439 million, a 73% increase y/y, below the $1.33 billion estimate.
  • R&D Expenses: $1.58 billion, a 9.7% increase y/y, matching estimates.
  • Third Quarter Revenue Expectation: Approximately $6.7 billion, plus or minus $300 million.
  • Big Drivers for Second Half: Strong demand for AI products like Instinct, EPYC, and Ryzen processors.
  • Positive Execution in 2Q24: Driven by strong growth in Data Center and Client segments, says AMD EVP, CFO, and Treasurer Jean Hu.
  • Analyst Ratings: 51 buys, 12 holds, and 0 sells.

Advanced Micro Devices on Smartkarma

On Smartkarma, top independent analysts like Baptista Research and William Keating have been providing insightful coverage on Advanced Micro Devices (AMD). Baptista Research‘s report titled “Advanced Micro Devices Inc. (AMD): Growth Opportunities in Data Center CPU & Artificial Intelligence (AI) – Major Drivers” emphasizes AMD’s impressive first-quarter 2024 performance under CEO Dr. Lisa Su, with revenue reaching $5.5 billion and strong growth in Data Center and Client segment sales.

Meanwhile, William Keating‘s report, “AMD. It’s A Marathon, Not A Sprint,” highlights Q124 revenues of $5.5 billion, with a forecast of $5.7 billion for Q224. Despite some share price fluctuations, the report mentions possible further growth opportunities for AMD in the coming months. Overall, the analyst sentiment leans bullish, foreseeing positive prospects for AMD’s competitive roadmap, innovation, and growth catalysts.


A look at Advanced Micro Devices Smart Scores

FactorScoreMagnitude
Value3
Dividend1
Growth2
Resilience4
Momentum2
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

Based on the Smartkarma Smart Scores, Advanced Micro Devices Inc. (AMD) has a mixed long-term outlook. While the company scores well in resilience with a score of 4, indicating its ability to withstand market fluctuations, its scores in value and growth factors are moderate at 3 and 2 respectively. However, AMD lags behind in terms of dividend and momentum with scores of 1 and 2. This suggests that while the company may have a stable footing, there may be challenges in terms of dividend payouts and growth acceleration in the long run.

Advanced Micro Devices Inc. (AMD) operates in the semiconductor industry, providing a range of products including microprocessors, chipsets, and graphics solutions. With a global customer base, AMD also offers assembly, testing, and packaging services. Despite its varied product offerings, AMD’s overall Smart Scores indicate a nuanced outlook, with strengths in resilience but weaknesses in terms of dividends and momentum. Investors may need to consider these factors carefully when evaluating the company’s long-term prospects.


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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Houlihan Lokey (HLI) Earnings: 1Q Adjusted EPS Surpasses Estimates with Strong Revenue Growth

By | Earnings Alerts
  • Adjusted EPS: $1.22, up from 89c year-over-year (y/y), beating estimate of $1.21
  • Revenue: $513.6 million, increased by 24% y/y, beating estimate of $508.6 million
  • Corporate Finance Revenue: $328.4 million, up 45% y/y, surpassing estimate of $315.7 million
  • Financial Restructuring Revenue: $117.4 million, down 4.8% y/y, close to estimate of $117.2 million
  • Financial and Valuation Advisory Revenue: $67.8 million, up 3.6% y/y, but below estimate of $75.1 million
  • Adjusted Operating Income: $117.4 million, increased by 39% y/y, beating estimate of $113.2 million
  • Total Operating Expenses: $418.0 million, up 22% y/y, higher than estimate of $394.5 million
  • CEO’s Comment: Scott Adelson, CEO, is optimistic about the fiscal year despite macro uncertainties, citing improvements in M&A and capital markets activity
  • Analysts’ Recommendations: 2 buys, 5 holds, 1 sell

A look at Houlihan Lokey Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
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

Investment analysts have assessed Houlihan Lokey‘s overall outlook using Smartkarma’s Smart Scores. With a strong momentum score of 5, the company is showing positive growth trajectories in the long term. Additionally, the resilience score of 4 suggests that the company is well-equipped to withstand market fluctuations and economic challenges. While the value score of 2 indicates potential for growth and improvement, the dividend and growth scores of 3 each reflect stable performance and moderate expansion. Overall, Houlihan Lokey‘s scores point towards a promising long-term outlook, especially in terms of momentum and resilience.

Houlihan Lokey, Inc. operates as an investment bank, providing a range of services such as mergers and acquisitions, financial restructuring, capital markets, strategic consulting, and financial advisory. With a global customer base, the company’s Smart Scores underscore its potential for sustained growth and stability in the future. Investors may find Houlihan Lokey appealing due to its strong momentum and resilience scores, indicating a solid foundation for long-term success in the competitive financial services industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Live Nation Entertainment, Inc (LYV) Earnings: Q2 Adjusted Operating Income Surges 21%, Exceeding Estimates

By | Earnings Alerts
  • Adjusted operating income for Q2 was $716.2 million, up 21% year-over-year (y/y), exceeding the estimate of $660.7 million.
  • Earnings per share (EPS) were $1.03, marginally above last year’s $1.02.
  • Total revenue was $6.02 billion, up 7% y/y, meeting the estimate of $6.02 billion.
  • Concerts revenue reached $4.99 billion, an increase of 7.6% y/y, surpassing the estimate of $4.92 billion.
  • Ticketing revenue was $730.7 million, up 3% y/y, but below the estimate of $742.2 million.
  • Sponsorship and advertising revenue totaled $312.2 million, up 3.1% y/y, but short of the $335.3 million estimate.
  • The estimated number of fee-bearing tickets was 78.47 million, a slight decrease of 0.5% y/y, below the estimate of 81.69 million.
  • Adjusted free cash flow for the quarter was $456 million, up 12% y/y.
  • The CEO mentioned that while one-time accruals will negatively impact operating income, the company expects double-digit adjusted operating income (AOI) growth for the year and anticipates a very busy 2025.
  • Revenue from onsite spending at festivals and amphitheaters has increased by double digits year-to-date.
  • Capital expenditures for 2024 are projected to be $650 million, indicating adjustments due to accelerated activity and new venue opportunities, with major openings increasing from 12 to 14 venues over 2024/25.
  • An additional $94 million in accruals related to the Astroworld litigation was recognized in Q2, bringing the total to $280 million for the year.

Live Nation Entertainment, Inc on Smartkarma

Analyst coverage of Live Nation Entertainment, Inc on Smartkarma reveals positive sentiments from Baptista Research. In their report “Live Nation Entertainment: 4 Pivotal Drivers Impacting Its Growth! – Financial Forecasts,” analysts highlight the company’s solid performance in the first quarter of 2024. This was driven by a 20% increase in concerts attendance in North America and international business expansion. Baptista Research assesses factors influencing the company’s future price and conducts an independent valuation using a Discounted Cash Flow (DCF) methodology.

In another report, “Live Nation Entertainment Inc.: Initiation Of Coverage – Major Drivers,” Baptista Research acknowledges Live Nation Entertainment’s upward performance trend in the final quarter and full year of 2023. The company’s growth is attributed to strategic initiatives such as deferred revenue, early planning, and transitioning to outdoor amphitheaters. This positive outlook from analysts underscores the potential for Live Nation Entertainment’s continued success and market influence.


A look at Live Nation Entertainment, Inc Smart Scores

FactorScoreMagnitude
Value0
Dividend1
Growth4
Resilience2
Momentum3
OVERALL SMART SCORE2.0

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

Live Nation Entertainment, Inc. is positioned for strong long-term growth, as indicated by its Smartkarma Smart Scores. With a high Growth score of 4, the company is expected to expand its presence in the live entertainment industry significantly. This growth potential is further supported by a Momentum score of 3, suggesting that Live Nation is gaining traction in the market.

While the company may not be considered a value stock based on its Value score of 0, Live Nation Entertainment, Inc. demonstrates resilience with a score of 2. This resilience indicates that the company has the ability to weather uncertainties and challenges in the industry. Additionally, Live Nation’s Dividend score of 1 suggests a focus on reinvesting in the business rather than distributing profits to shareholders.


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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Essex Property Trust (ESS) Earnings: Q2 Core FFO per Share Surpasses Estimates

By | Earnings Alerts
  • Core FFO per Share: Essex Property reported a Core FFO (Funds From Operations) per share of $3.94 for Q2.
  • Exceeded Estimates: The reported Core FFO per share of $3.94 beat the year-over-year figure of $3.77 and the estimate of $3.85.
  • NOI Change: The Same Property NOI (Net Operating Income) changed by +3%, beating the estimated +2.16%.
  • Analyst Ratings: The stock has garnered 7 buy ratings, 17 hold ratings, and 1 sell rating from analysts.
  • Conference Call: A conference call is scheduled for 1 p.m. New York time on July 31.

A look at Essex Property Trust Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience2
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

Essex Property Trust, Inc., a company specializing in residential and commercial properties in California and Washington, holds promising long-term prospects based on its Smartkarma Smart Scores. With a strong momentum score of 5, Essex Property Trust exemplifies a company that is trending positively in the market. Its high scores in both dividend and growth further indicate a solid outlook for investors seeking stable returns and potential for expansion. While its value score is moderate at 3, the overall favorable scores suggest that Essex Property Trust is well-positioned for sustained growth and income generation in the real estate sector.

Despite a resilience score of 2, Essex Property Trust‘s overall Smartkarma Smart Scores paint a positive picture for its future performance. Investors looking for a company with strong dividends, growth potential, and market momentum may find Essex Property Trust an appealing investment opportunity. With a focus on multifamily residential properties, Essex Property Trust‘s strategic approach to property acquisition and management aligns with the favorable scores it has received, indicating a company poised 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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Microsoft Corp (MSFT) Earnings: Revenue Meets Estimates, Shares Fall Post-Market

By | Earnings Alerts
  • Microsoft’s Q4 revenue met estimates at $64.73 billion, slightly above the estimated $64.52 billion.
  • Intelligent Cloud revenue was slightly below estimates at $28.52 billion, compared to the expected $28.72 billion.
  • Productivity and Business Processes revenue exceeded expectations, coming in at $20.32 billion versus the $20.21 billion estimate.
  • More Personal Computing revenue was higher than expected at $15.90 billion, surpassing the $15.54 billion estimate.
  • Earnings per share (EPS) were reported at $2.95.
  • Operating income reached $27.93 billion, above the estimated $27.63 billion.
  • Capital expenditure was $13.87 billion, higher than the estimated $13.27 billion.
  • Revenue at constant currency grew by 16%, beating the estimated 14.7% growth.
  • Shares fell 3.5% in post-market trading to $408.29 after 15,370 shares were traded.
  • Out of the analysts covering the stock, there are 65 buys, 5 holds, and no sells.

Microsoft Corp on Smartkarma

Analysts covering Microsoft Corp on Smartkarma have shared bullish sentiments on the company’s recent performance and future outlook. Uttkarsh Kohli‘s research highlights Microsoft’s strong Q2 results, with a 21% YoY increase in Azure revenue, 37% growth in gaming, and a 9% rise in EPS. The company’s revenue is anticipated to grow by 14.5% YoY, driven by advancements in AI and cloud technologies.

Baptista Research also points to Microsoft’s success in leveraging AI and cloud infrastructure, with third-quarter earnings showing continued growth in these areas. Satya Nadella, Microsoft’s CEO, emphasized the company’s strategic focus on AI and cloud, which has led to significant revenue milestones. The analysts assess factors influencing Microsoft’s stock price, highlighting the company’s strong financial performance and future growth potential.


A look at Microsoft Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
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

Microsoft Corporation’s long-term outlook points towards a promising future, as indicated by the Smartkarma Smart Scores. With a strong focus on growth and momentum, the tech giant seems well-positioned to capitalize on market trends and innovation. The company’s robust growth score of 4 reflects its potential for expansion and development in the coming years. Additionally, a momentum score of 4 suggests that Microsoft is on a path of steady progress and market performance.

While Microsoft scores moderately in terms of value and dividend, with scores of 2 on both factors, its resilience score of 3 indicates a certain level of stability and adaptability within the industry. Overall, Microsoft Corporation, known for its software solutions and global customer base, stands out as a player to watch in the evolving technology landscape.


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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Skyworks Solutions (SWKS) Earnings: Adjusted EPS Misses Estimates in 3Q, Revenue Beats Expectations

By | Earnings Alerts
  • Adjusted EPS Miss: Skyworks reported an adjusted EPS of $1.21, missing the estimate of $1.22 and down from $1.73 year-over-year.
  • Revenue: The company generated revenue of $905.5 million, a 15% drop year-over-year, but slightly above the estimate of $900 million.
  • Gross Margin: Adjusted gross margin stood at 46%, down from 47.5% year-over-year, meeting the market estimate of 46%.
  • Increased R&D Spending: Research and development expenses were $160.7 million, up 8.6% year-over-year, and higher than the estimated $154.5 million.
  • Operating Income: Adjusted operating income fell 22% quarter-over-quarter to $219.0 million, slightly exceeding the estimate of $218.8 million.
  • Growth Outlook: The company expects modest improvement in broad markets, marking three consecutive quarters of sequential growth.
  • Dividend Increase: Skyworks announced another increase to its quarterly dividend, backed by a solid capital structure and strong year-to-date cash flow generation.
  • Analyst Ratings: The stock has received 9 buy ratings, 19 hold ratings, and 2 sell ratings.

Skyworks Solutions on Smartkarma

Analyst coverage of Skyworks Solutions on Smartkarma showcases positive sentiments from Baptista Research analysts. In their report, “Skyworks Solutions Inc.: Continued Investment in Technology and Product Roadmaps! – Major Drivers,” Skyworks demonstrated strong financial performance in the second fiscal quarter of 2024. With revenue reaching $1.046 billion and notable earnings per share of $1.55, the company also generated $300 million in operating cash flow. An optimistic outlook on the edge IoT market, with significant design wins for WiFi 6E and WiFi 7, hints at a potential multi-year upgrade cycle.

Similarly, in another report titled “Skyworks Solutions: Is The Strategic Expansion in Mobile and Broad Markets Fuelling Growth? – Major Drivers,” Baptista Research praised Skyworks for delivering solid financial results in Q1 2024 despite challenging macroeconomic conditions. The company’s revenue for the quarter stood at $1.202 billion, with an impressive earnings per share of $1.97 and $775 million in operating cash flow. Skyworks achieved a record free cash flow margin of 63%, reflecting efficient working capital management and reduced capital expenditure intensity.


A look at Skyworks Solutions Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth3
Resilience4
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

Investors looking at Skyworks Solutions for the long term can take comfort in the Smartkarma Smart Scores, which provide a snapshot of the company’s overall outlook across different key factors. With solid scores of 3 in Value, Dividend, and Growth, Skyworks Solutions appears to offer stable financials and potential for future growth. Additionally, scoring a 4 in both Resilience and Momentum, the company seems well-positioned to weather market uncertainties and capitalize on positive market trends.

Skyworks Solutions, Inc., a wireless semiconductor company, is focused on designing and manufacturing radio frequency and semiconductor system solutions for mobile communications applications. The company’s offerings include front-end modules, radio frequency subsystems, and system solutions for wireless handset and infrastructure customers globally. With its balanced Smart Scores across various factors, Skyworks Solutions may present a promising long-term investment opportunity in the dynamic tech 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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Electronic Arts (EA) Earnings: 2Q Net Bookings Forecast $1.95B-$2.05B Amid Mixed 1Q Results

By | Earnings Alerts
  • 2Q Net Bookings: Expected between $1.95 billion and $2.05 billion. Estimate is $1.95 billion.
  • 2025 Year Forecast:
    • Net bookings still expected between $7.3 billion and $7.7 billion. Estimate is $7.49 billion.
    • Operating cash flow still expected between $2.05 billion and $2.25 billion. Estimate is $2.08 billion.
  • 1Q Results:
    • Net bookings: $1.26 billion, a decrease of 20% year-over-year. Estimate was $1.21 billion.
    • Total net revenue: $1.66 billion, down 14% year-over-year. Estimate was $1.63 billion.
    • Live Services & Other revenue: $1.41 billion, down 4.8% year-over-year. Estimate was $1.33 billion.
    • Full game revenue: $250 million, a drop of 44% year-over-year. Estimate was $294.8 million.
    • R&D expenses: $629 million, an increase of 5.5% year-over-year. Estimate was $590.3 million.
    • Operating cash flow: $120 million, a significant decline of 67% year-over-year.
  • Comments: 1Q EPS was $1.04 compared to $1.47 year-over-year.

Electronic Arts on Smartkarma

Analyst coverage of Electronic Arts on Smartkarma by Baptista Research highlights positive sentiments towards the company’s recent performance and growth strategies. In the report “Electronic Arts Inc.: Are The AI Investments Speeding Up Their Game Creation? – Major Drivers,” it is noted that EA experienced unexpected growth in the past fiscal year, primarily driven by live services which enhanced consumer loyalty and spending. The successful launch of EA SPORTS FC further strengthened player engagement globally.

In another report by Baptista Research titled “Electronic Arts: A Tale Of Diversification and Expansion of Gaming Communities! – Major Drivers,” the company’s strong Q3 performance is emphasized, with notable success in EA Sports FC and EA Sports Madden NFL. The launch of EA Sports FC ’24 exceeded expectations, showcasing the company’s ability to capture global enthusiasm for football and drive long-term growth through deep engagement with millions of players worldwide.


A look at Electronic Arts Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.2

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

Electronic Arts Inc., a leading interactive entertainment software company, has been assigned Smartkarma Smart Scores that indicate a positive long-term outlook. With strong ratings in Growth, Resilience, and Momentum at 4 out of 5 each, Electronic Arts is poised for continued success in the video game industry. The Growth score highlights promising expansion opportunities, while the Resilience score suggests the company’s ability to withstand market challenges. Additionally, the Momentum score signifies a strong upward trend in the company’s performance.

While Electronic Arts received more moderate scores in Value and Dividend at 2 out of 5 each, the overall outlook remains optimistic. Investors looking for a company with robust growth potential and a strong market position may find Electronic Arts an attractive investment opportunity in the evolving gaming 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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Starbucks Corp (SBUX) Earnings: 3Q Comparable Sales Miss Estimates Across Regions

By | Earnings Alerts
  • Starbucks’ global comparable sales declined by 3%, missing the estimate of -2.71%.
  • North America sales dropped by 2%, short of the -1.62% estimate.
  • Sales in the US fell by 2%, close to the -2.06% estimate.
  • International sales decreased by 7%, below the -5.11% estimate.
  • China saw a significant drop in sales by 14%, compared to the -10.6% estimate.
  • Adjusted earnings per share came in at 93 cents, just above the 92 cents estimate.
  • Net revenue was $9.11 billion, down 0.6% year-over-year, missing the $9.2 billion estimate.
  • Operating income fell to $1.52 billion, a 4.2% decrease year-over-year, falling short of the $1.53 billion estimate.
  • Adjusted operating margin was slightly higher at 16.7%, exceeding the 16.3% estimate.
  • Operating margin was 16.7%, just above the 16.6% estimate.
  • North America’s operating margin was 21%, barely missing the 21.1% estimate.
  • International operating margin stood at 15.6%, below the 17.4% estimate.
  • Channel development operating margin was 53.7%, higher than the 49.9% estimate.
  • Average ticket prices increased by 2%, meeting the 1.98% estimate.
  • North American average ticket price rose by 3%, slightly below the 3.24% estimate.
  • International average ticket price dropped by 4%, significantly below the -0.63% estimate.
  • North America added 133 net new stores, less than the 165.8 expected.
  • Internationally, 393 new stores were opened, falling short of the 433.32 estimate.
  • Comparable transactions decreased by 5%, missing the -4.27% estimate.
  • North American comparable transactions dropped by 6%, below the -4.91% estimate.
  • International comparable transactions fell by 3%, narrowly missing the -3.71% estimate.
  • CEO Laxman Narasimhan noted that Starbucks’ three-part action plan is starting to show operational improvements.

Starbucks Corp on Smartkarma

Analyst coverage of Starbucks Corp on Smartkarma reveals contrasting sentiments. Baptista Research‘s report titled “Starbucks Corporation: A Major Disappointment But These 6 Factors That Can Help Them Recover! – Major Drivers” highlights the challenges faced by Starbucks in the second quarter fiscal year 2024. Global comparable store sales declined by 4% year-over-year, with a 1% dip in total revenue to $8.6 billion. Factors such as declining foot traffic in North America and an 11% drop in China, compounded by adverse weather conditions impacting comp sales, contributed to the challenges.

On a more optimistic note, Baptista Research‘s report “Starbucks Corporation: Substantial Growth Through New Store Openings & Innovation! – Major Drivers” praises Starbucks’ growth strategy despite short-term hurdles. In the first quarter fiscal year 2024, Starbucks saw a promising 8% year-over-year increase in total company revenue to $9.4 billion. The company’s global comparable store sales also showed resilience, with a 5% year-over-year growth driven by strong performances in North America and China. The reports offer insights into both the struggles and growth prospects for Starbucks Corp.


A look at Starbucks Corp Smart Scores

FactorScoreMagnitude
Value0
Dividend4
Growth5
Resilience5
Momentum3
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

Starbucks Corporation, a global coffee giant, is positioned for strong long-term growth according to Smartkarma Smart Scores. With top marks in Growth and Resilience, Starbucks is poised to expand its market presence and weather economic challenges. This indicates a positive outlook for the company’s future prospects, backed by a strong ability to adapt and innovate in the face of changing market dynamics.

Additionally, Starbucks Corp earns high scores in Dividend payouts, showcasing its commitment to rewarding shareholders. While the Momentum score is slightly lower, the overall Smart Scores paint a promising picture for investors considering the beverage retailer. With a diverse product portfolio and a robust global presence, Starbucks continues to be a force to reckon with in the specialty coffee market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Wp Carey Inc (WPC) Earnings: 2Q AFFO/Share at $1.17, Revenue Hits $389.7 Million, 2024 AFFO Guidance Revised

By | Earnings Alerts
  • WP Carey reported an AFFO (Adjusted Funds From Operations) per share of $1.17 for the second quarter of 2024.
  • Total revenue for the period was $389.7 million.
  • WP Carey has revised its 2024 AFFO guidance to a range of $4.63 to $4.73 per diluted share.
  • The revision is based on an anticipated full-year investment volume between $1.25 billion and $1.75 billion.
  • Analyst recommendations include: 2 buys, 10 holds, and 2 sells.

A look at Wp Carey Inc Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth3
Resilience2
Momentum4
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

WP Carey Inc., a global net-lease REIT specializing in sale-leaseback and build-to-suit financing solutions, is positioned favorably for the long-term based on a comprehensive analysis using Smartkarma Smart Scores. With a high score in Dividend and Value, the company is esteemed for its stable dividend payouts and attractive valuation relative to its peers. This indicates a positive outlook for income-seeking investors looking for consistent returns.

Although WP Carey Inc. shows strength in Dividend and Value, the scores for Growth, Resilience, and Momentum are relatively lower. While the company may not exhibit strong growth potential or resilience against economic downturns, its solid fundamentals in dividend and value aspects suggest a steady and reliable performance in the long run. Investors seeking income and value stability may find WP Carey Inc. to be a promising addition to their portfolios.

### WP Carey Inc. is a global net-lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions for companies worldwide. In addition to its owned portfolio of diversified global real estate, W. P. Carey manages a series of non-traded REITs. ###


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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