Category

Earnings Alerts

Wharf Real Estate Investment C (1997) Earnings: Preliminary 1H Net Loss of At Least HK$900M

By | Earnings Alerts
  • Wharf Real Estate reports a preliminary net loss of at least HK$900 million for the first half of 2024.
  • This is a significant decline compared to the net income of HK$1.81 billion in the same period of 2023.
  • The company’s financial position remains healthy despite the reported loss.
  • The reported loss includes non-cash and unrealised revaluation deficits.
  • Retail sales recovery in Hong Kong stalled soon after the border reopening in the first quarter of 2023.
  • Market sentiment includes 12 buy ratings, 3 hold ratings, and 1 sell rating for Wharf Real Estate.

A look at Wharf Real Estate Investment C Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience3
Momentum2
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

Wharf Real Estate Investment C is seen to have a positive long-term outlook based on its Smartkarma Smart Scores. With high scores in Value, Dividend, and Growth at 4 each, the company demonstrates strength in these key areas. Additionally, its operations in residential and commercial properties in Hong Kong showcase a diversified portfolio, adding to its resilience score of 3. However, with a lower score in Momentum at 2, there may be some challenges in maintaining market traction in the near future.

Wharf Real Estate Investment C, a company providing real estate investment services, is well-positioned for the future with solid ratings in Value, Dividend, and Growth. Operating in Hong Kong, the company develops, invests, and manages a mix of residential and commercial properties, indicating a broad scope of business activities. Despite a slightly lower score in Momentum, the overall outlook for Wharf Real Estate Investment C appears promising, leveraging its established presence in the real estate 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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BDO Unibank Inc (BDO) Earnings Soar: 1H Net Income Hits 39.4B Pesos, Boosted by Core and Fee-Based Businesses

By | Earnings Alerts
  • BDO Unibank’s net income for the first half of 2024 reached 39.4 billion pesos.
  • This marks a 12% year-on-year increase in net income.
  • The growth was primarily driven by the bank’s core and fee-based businesses.
  • The non-performing loan (NPL) ratio stands at 2.06%, with NPL coverage at 169%.
  • Return on common equity increased to 15.8% in Q2, compared to 14.3% in Q1.
  • Non-interest income saw a 13% rise in the same period.
  • BDO Unibank states it is in a “suitable position” to capitalize on emerging opportunities.
  • Market analysts have given 19 buys, 3 holds, and 0 sells for BDO Unibank.

A look at BDO Unibank Inc Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience5
Momentum3
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

Based on Smartkarma Smart Scores, BDO Unibank Inc shows a promising long-term outlook. With a Growth score of 4 and a Resilience score of 5, the company is positioned well for future expansion and can navigate through economic challenges effectively. Additionally, a Value score of 3 indicates that the company is reasonably priced, offering potential for investors looking for a balanced opportunity. The Dividend and Momentum scores are both at 3, suggesting steady dividend payouts and stable market performance.

BDO Unibank Inc provides a range of banking services in the Philippines, including savings accounts, investments, loans, credit cards, remittance, insurance, and trade financing services. With strong Growth and Resilience scores, the company is expected to continue growing steadily while remaining robust in the face of market fluctuations. Investors looking for a reliable banking investment with growth potential may find BDO Unibank Inc to be a favorable option.


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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Saudi Arabian Fertilizer Co (SAFCO) Earnings: 2Q Profit Misses Estimates Despite Increased Revenue

By | Earnings Alerts
  • Profit: 705 million riyals, an increase of 8.3% year-over-year (y/y). However, this was below the estimate of 801 million riyals.
  • Revenue: 2.68 billion riyals, up by 1.8% y/y, surpassing the estimate of 2.27 billion riyals.
  • Operating Profit: 678 million riyals, unchanged compared to the previous year, but below the estimated 745 million riyals.
  • Earnings Per Share (EPS): 1.48 riyals, compared to 1.37 riyals y/y, matching the estimate of 1.47 riyals.
  • EBITDA: 920 million riyals, an increase of 2% y/y.
  • EBITDA Margin: 34%, consistent with the previous year’s margin of 34%.
  • Free Cash Flow: 159 million riyals, a significant decrease of 71% y/y.
  • The decrease in average prices and an increase in sales volume were noted as key factors.
  • Demand was largely driven by seasonal preparation needs in the US, EU, and APAC regions.
  • Strong demand is expected due to seasonal transitions in South America and the Indian subcontinent.
  • Analyst Ratings: 6 buys, 9 holds, and 0 sells.

A look at Saudi Arabian Fertilizer Co Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth4
Resilience5
Momentum4
OVERALL SMART SCORE4.2

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, Saudi Arabian Fertilizer Co (Safco) shows a promising long-term outlook. With strong scores in categories like Dividend and Resilience, the company appears well-positioned to weather market fluctuations and provide consistent returns to investors. Safco’s high Dividend score signifies a robust dividend payment history, making it an attractive choice for income-focused investors. Additionally, its top-notch Resilience score suggests that the company has the strength to withstand economic challenges and maintain stability over time.

Safco also demonstrates solid performance in Growth and Momentum, indicating potential for future expansion and positive market sentiment. While the Value score is not the highest, the overall Smart Scores paint a positive picture for Saudi Arabian Fertilizer Co‘s prospects. As a manufacturer of essential agricultural supplies, Safco plays a key role in the fertilizers industry, producing a range of products like ammonia, urea, sulfuric acid, and melamine. This wide product portfolio positions Safco well to benefit from the growing demand for agricultural inputs both locally and globally.


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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Dr. Reddy’s Laboratories (DRRD) Earnings: 1Q North America Sales Surge 20%, Gross Margin at 60.4%

By | Earnings Alerts
  • Dr Reddy’s Laboratories saw a 20% increase in North America sales for the first quarter of 2024.
  • The company’s gross margin for this period stood at 60.4%.
  • Analyst ratings for Dr Reddy’s are divided: 14 buy recommendations, 12 hold recommendations, and 14 sell recommendations.

Dr. Reddy’s Laboratories on Smartkarma

On Smartkarma, analyst Tina Banerjee provides insightful coverage of Dr. Reddy’s Laboratories, a pharmaceutical company making strategic moves to strengthen its consumer healthcare business. In the recent acquisition of Haleon’s global portfolio of consumer healthcare brands in nicotine replacement therapy outside the US for Β£500M ($633M), Dr. Reddy’s aims to fortify its position in the market. With the acquisition expected to complete in the fourth quarter of 2024 and supported by a healthy cash balance of $990M, this strategic move demonstrates Dr. Reddy’s proactive approach to expanding its offerings.

Furthermore, Tina Banerjee also highlighted Dr. Reddy’s Laboratories‘ performance in the fourth quarter, indicating both revenue and profit growth, particularly driven by the North American market. Despite the sequential weakness in the quarter, the company reported double-digit growth figures in revenue and profits. With a focus on research, marketing expenditures, and a solid performance in North America, Dr. Reddy’s Laboratories continues to navigate market challenges while maintaining a strong financial position for sustainable growth.


A look at Dr. Reddy’s Laboratories Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience5
Momentum3
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

Dr. Reddy’s Laboratories Limited, a pharmaceutical company, offers a wide array of pharmaceutical services globally. Specializing in the manufacturing of bulk drugs and formulations like verapamil and cephalexin, Dr. Reddy’s also produces and exports molecules such as norfloxacin, ciprofloxacin, and semi-synthetic penicillin varieties. The company distributes its products both in India and internationally, making a significant impact on the pharmaceutical industry.

According to Smartkarma Smart Scores, Dr. Reddy’s Laboratories showcases promising long-term prospects. With a solid 4 out of 5 score in both Dividend and Growth categories, indicating strong performance in these areas. Moreover, the company boasts a top-notch Resilience score of 5, signifying its ability to withstand market fluctuations effectively. Though slightly lower in Value and Momentum scores at 3, the overall outlook remains positive, showcasing Dr. Reddy’s potential for sustainable growth and stability in the pharmaceutical 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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Punjab National Bank (PNB) Earnings: Q1 Net Income Surges Past Estimates with Robust Performance

By | Earnings Alerts
  • Net Income: Punjab National’s net income soared to 32.5 billion rupees in Q1 2024, substantially higher than the previous year’s 12.6 billion rupees and beating the estimate of 29.55 billion rupees.
  • Non-Performing Assets: Gross non-performing assets improved to 4.98%, down from 5.73% in the previous quarter and ahead of the estimated 5.31%.
  • Provisions: The total provisions were 13.1 billion rupees, marking an 18% decrease quarter-over-quarter.
  • Loan Loss Provisions: Provision for loan losses was significantly reduced by 60% compared to the previous quarter, standing at 7.9 billion rupees.
  • Interest Income: Interest income rose by 14% year-over-year to reach 285.6 billion rupees, slightly above the estimate of 285.2 billion rupees.
  • Interest Expense: Interest expenses increased by 16% year-over-year to 180.8 billion rupees, exceeding the estimate of 179.5 billion rupees.
  • Operating Profit: Operating profit saw a 10% year-over-year rise, totaling 65.8 billion rupees, though slightly below the estimated 66.05 billion rupees.
  • Other Income: Other income amounted to 36.1 billion rupees, up by 5.2% year-over-year, outperforming the estimate of 33.43 billion rupees.
  • Analyst Ratings: Current analyst ratings include 5 buys, 5 holds, and 8 sells.

A look at Punjab National Bank Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience2
Momentum2
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

Based on the Smartkarma Smart Scores for Punjab National Bank, the outlook for the company appears positive in the long term. With high scores in Value and Dividend, investors may find Punjab National Bank to be a promising investment option. A solid score in Growth also suggests potential for the company to expand and increase its market presence over time. However, lower scores in Resilience and Momentum indicate areas where the company may face challenges that could impact its performance.

Punjab National Bank, a leading provider of financial services offering a wide range of banking solutions including corporate, personal, industrial, agricultural, trade financing, and international banking. The Company caters to a diverse client base ranging from domestic conglomerates to small industrial units, exporters, non-resident Indians, and multinational corporations. With strong Value and Dividend scores, Punjab National Bank showcases stability and profitability, yet its lower scores in Resilience and Momentum suggest potential vulnerabilities and slower market momentum that investors should consider 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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ICICI Bank Ltd (ICICIBC) Earnings Beat Estimates with Strong 1Q Net Income Performance

By | Earnings Alerts
  • Net Income Exceeds Estimates: ICICI Bank reported a net income of 110.59 billion rupees, surpassing the estimate of 105.17 billion rupees.
  • Improved Non-Performing Assets: Gross non-performing assets stood at 2.15%, better than the estimated 2.21%.
  • Provisions: The bank set aside 13.32 billion rupees for provisions.
  • Stable Net Interest Margin: The net interest margin was reported at 4.36%, matching the estimate.
  • Net Interest Income: The net interest income came in slightly lower at 195.53 billion rupees, compared to the estimate of 198.1 billion rupees.
  • Loan Portfolio: Total loans were valued at 12.23 trillion rupees, short of the 12.4 trillion rupees estimate.
  • Total Deposits: The bank’s total deposits were 14.26 trillion rupees, below the expected 14.69 trillion rupees.
  • Gross NPA Additions: The bank added 59.16 billion rupees to Gross NPAs.
  • High Coverage Ratio: The coverage ratio for non-performing loans was 79.7%.
  • Analyst Ratings: Currently, there are 46 buy ratings, 4 hold ratings, and no sell ratings for the stock.

A look at ICICI Bank Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend4
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

ICICI Bank Ltd, a leading banking institution, is projected to have a positive long-term outlook based on Smartkarma’s Smart Scores. With strong ratings in Dividend and Growth at 4 out of 5, the bank demonstrates its commitment to rewarding shareholders and potential for expansion. Additionally, its Resilience score of 3 indicates a stable foundation amidst challenging market conditions, boosting investor confidence in its ability to weather uncertainties.

While ICICI Bank’s Value and Momentum scores stand at 3, signifying moderate performance in these areas, the overall outlook remains promising. The company’s diverse range of financial services, including savings accounts, loans, insurance, and online banking, underscores its comprehensive offerings catering to a global customer base. With a solid foundation and strong growth prospects, ICICI Bank Ltd is positioned to continue its positive trajectory in the banking 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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Rural Electrification (RECL) Earnings: 1Q Net Income Misses Estimates Despite Revenue Growth

By | Earnings Alerts
  • Net income for REC Ltd in 1Q 2024 is 34.4 billion rupees, marking a 16% increase year-over-year.
  • Net income falls short of analysts’ estimate, which was 35.91 billion rupees.
  • Company revenue stands at 130.2 billion rupees, showing a 19% growth year-over-year.
  • Total costs for the quarter have risen to 87.1 billion rupees, a 20% increase compared to the previous year’s figures.
  • Other income has significantly increased to 137.5 million rupees from 50.6 million rupees year-over-year.
  • The company declares a dividend of 3.50 rupees per share.
  • Shares of REC Ltd have risen by 2.9%, currently trading at 625.90 rupees with 11.4 million shares traded.
  • Analyst recommendations are positive with 6 buys, 1 hold, and no sell ratings.

A look at Rural Electrification 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

Based on Smartkarma’s Smart Scores, Rural Electrification Corporation Limited appears to have a positive long-term outlook. With a high score in Dividend and Value, the company seems to be well-positioned to provide good returns to investors while also offering stable dividends. The solid score in Momentum suggests that the company is making strategic moves to propel its growth further. However, the lower scores in Resilience and Growth indicate some areas that may need attention to ensure sustained success.

Rural Electrification Corporation Limited, an Indian company focused on financing and promoting power projects, seems to be a reliable choice for investors seeking exposure to the rural electrification sector. With a strong emphasis on value and dividends, the company’s financial stability and income generation potential are apparent. While there are areas for improvement in terms of growth and resilience, the overall outlook remains promising for Rural Electrification Corporation Limited in the long run.


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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Merck KGaA (MRK) Earnings: FY Net Sales Forecast Raised to EU22.1B Amid Strong Q2 Performance

By | Earnings Alerts
  • Merck KGaA projects full-year net sales between EUR 20.7 billion and EUR 22.1 billion. The previous forecast was in the same range, and the current estimate is EUR 21.3 billion.
  • The company expects adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) to be between EUR 5.8 billion and EUR 6.4 billion. The previous projection was EUR 5.7 billion to EUR 6.3 billion, with an estimate of EUR 6 billion.
  • Adjusted earnings per share (EPS) are anticipated to be between EUR 8.20 and EUR 9.30, compared to the previous range of EUR 8.05 to EUR 9.10, with an estimate of EUR 8.64.
  • Merck KGaA reported a strong second quarter and has raised its guidance.
  • Analyst recommendations: 18 buys, 3 holds, and 0 sells.

A look at Merck KGaA Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.2

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

According to Smartkarma Smart Scores, Merck KGaA, a global pharmaceutical and chemicals company, holds promising long-term prospects. With solid scores of 3 across Value, Dividend, Resilience, and Momentum, coupled with a Growth score of 4, the company seems well-positioned for growth and stability. Merck KGaA‘s focus on researching drugs in critical areas such as oncology, neurodegenerative, autoimmune, and inflammatory diseases, along with its diverse product portfolio spanning cardiovascular, fertility, and over-the-counter products, signals its robust presence in the market.

In light of its Smart Scores, Merck KGaA displays a balanced outlook, showcasing strength in growth potential, financial stability, and market momentum. As a company deeply rooted in pharmaceutical research and chemical innovation, Merck KGaA‘s strategic positioning and diversified product offerings bode well for its future performance. Investors may find Merck KGaA an attractive investment opportunity given its favorable scores across key factors essential 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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Power Grid Corporation Of India (PWGR) Earnings: 1Q Net Income Falls Short of Estimates

By | Earnings Alerts
  • Net Income: 34.1 billion rupees, down 3.7% year-over-year; missed the estimate of 37.99 billion rupees.
  • Revenue: 100.7 billion rupees, down 1.7% year-over-year; missed the estimate of 105.38 billion rupees.
  • Total Costs: 65.6 billion rupees, an increase of 0.9% year-over-year.
  • Other Income: 7.82 billion rupees, an increase of 22% year-over-year.
  • Analyst Ratings: 13 buys, 0 holds, 8 sells.

A look at Power Grid Corporation Of India Smart Scores

FactorScoreMagnitude
Value3
Dividend5
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

Power Grid Corporation of India Limited is positioned for a promising long-term outlook, as reflected in its Smart Scores provided by Smartkarma. With a strong emphasis on dividends, Power Grid scores a perfect 5 in this category, showcasing its commitment to rewarding investors. Additionally, the company receives high marks for momentum at 4, indicating a favorable trend in its stock performance. While value and growth scores are moderate at 3 each, Power Grid demonstrates stability with a resilience score of 2. Overall, the company’s scores suggest a solid foundation with potential for sustained growth.

Power Grid Corporation of India Limited, established by the Indian government, serves as the key transmission utility in the country. Focused on the development and operation of crucial transmission infrastructure nationwide, including high-voltage transmission lines, sub-stations, and communication facilities, Power Grid plays a vital role in ensuring reliable electricity supply. As per its Smart Scores, the company’s strong dividend policy, positive momentum, and emphasis on resilience contribute to its favorable outlook for the future, making it an attractive choice for investors seeking stability and 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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SBI Cards & Payment Services (SBICARD) Earnings: 1Q Net Income Falls Short of Estimates Despite Revenue Growth

By | Earnings Alerts
  • SBI Cards reported net income of 5.94 billion rupees for Q1, which is an increase of 0.2% year-over-year (y/y).
  • The reported net income fell short of the estimated 6.39 billion rupees.
  • Revenue for Q1 was 43.6 billion rupees, marking a 12% increase y/y and surpassing the estimated 40.13 billion rupees.
  • Impairment losses on assets were reported at 11 billion rupees, a 17% increase quarter-over-quarter (q/q) and higher than the estimated 10.3 billion rupees.
  • Other income decreased by 7.5% y/y to 1.24 billion rupees.
  • Total costs for Q1 were 36.83 billion rupees, which is a 13% increase y/y.
  • Analyst recommendations include 7 buys, 7 holds, and 13 sells.

SBI Cards & Payment Services on Smartkarma



Analysts on Smartkarma have provided mixed coverage on SBI Cards & Payment Services. Janaghan Jeyakumar, CFA, in their report “Quiddity Leaderboard NIFTY Sep 24,” has a bearish sentiment on SBI Cards. They mention that SBI Cards is expected to be deleted from NIFTY Next 50 in September 2024 and from BSE 100 in June 2024. On the other hand, Jio Financial is expected to be added to both BSE 100 and BSE 200 in June 2024, leading to a strong flow rationale for going long on Jio Financial and short on SBI Cards.

Another analyst, Pranav Bhavsar, in the report “Fundamental Shorts – SBI Cards | PVR Inox | Escorts Kubota,” also expresses a bearish lean on SBI Cards. They highlight fundamental shorts in their coverage universe, pinpointing SBI Cards & Payment Services as one of the stocks to watch. The report emphasizes that credit costs for SBI are expected to remain elevated, suggesting potential challenges ahead for the company amidst macro uncertainties. It appears that analysts are closely monitoring the performance and outlook for SBI Cards & Payment Services amidst the dynamic market landscape.




A look at SBI Cards & Payment Services Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience2
Momentum2
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, SBI Cards & Payment Services shows a mixed long-term outlook. The company scores well in growth factors with a rating of 4, indicating potential for expansion. However, it lags behind in resilience and momentum, scoring 2 on both aspects. This suggests some challenges in the company’s ability to withstand economic downturns and maintain market momentum. The value and dividend scores are both at a moderate level of 3, reflecting a balanced performance in these areas. Overall, the outlook for SBI Cards & Payment Services appears promising in terms of growth opportunities, but may face challenges in resilience and momentum.

SBI Cards & Payment Services is a provider of credit card services in India, offering a range of payment products including corporate and credit cards with incentive and rewards programs. The company’s Smartkarma Smart Scores highlight its strength in growth potential, yet indicate areas of improvement needed in resilience and momentum. With a balanced value and dividend score, SBI Cards & Payment Services is positioned to capitalize on growth opportunities in the credit card services sector, though it may need to address challenges in maintaining market momentum and enhancing its resilience to economic fluctuations.


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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