Category

Earnings Alerts

Rollins Inc (ROL) Earnings: 2Q Revenue of $891.9M Meets Estimates, EPS Rises to 27Β’

By | Earnings Alerts
  • Rollins 2Q Revenue: $891.9 million, up 8.7% compared to the same period last year.
  • Revenue Estimate: Expected revenue was $897.1 million.
  • EPS (Earnings Per Share): 27 cents, compared to 22 cents in the previous year.
  • Cash and Cash Equivalents: $106.7 million, down 31% year-over-year.
  • Cash Estimate: Expected cash and cash equivalents were $177.2 million.
  • Adjusted EPS: 27 cents.
  • Analyst Ratings: 5 buys, 5 holds, and 1 sell.

A look at Rollins Inc 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

Rollins Inc, the pest control services provider, has a promising long-term outlook based on the Smartkarma Smart Scores analysis. With above-average scores in Growth and Momentum, the company shows strong potential for expansion and market performance. Its Resilience score also indicates a stable foundation amidst challenges, providing investors with confidence in its ability to navigate uncertainties. While the Value and Dividend scores are moderate, the higher ratings in other key factors bode well for Rollins Inc‘s future prospects.

Rollins, Inc., known for its essential pest control services through subsidiary Orkin Exterminating Company, Inc., operates in the United States, Canada, and Mexico. The company’s focus on protecting against termite damage, rodents, and insects highlights its commitment to maintaining healthy environments for its customers. The above-average scores in Growth and Momentum, coupled with a solid Resilience rating, position Rollins Inc as a promising player in the pest control industry for the long term.


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


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

Carlisle Cos (CSL) Earnings: 2Q Revenue Surpasses Estimates with Strong Growth in Construction Materials

By | Earnings Alerts
  • Second quarter revenue for Carlisle Companies is $1.45 billion, down 4.9% year-over-year.
  • Carlisle Construction Materials (CCM) reported revenue of $1.09 billion, a 15% increase year-over-year, surpassing the estimate of $1.07 billion.
  • Carlisle Weatherproofing Technologies reported revenue of $361.7 million, a slight increase of 0.6% year-over-year, but below the estimate of $369.6 million.
  • Operating income for Carlisle Construction Materials was $346.8 million, up 24% year-over-year, beating the estimate of $327.8 million.
  • Operating income for Carlisle Weatherproofing Technologies was $59.2 million, compared to the estimate of $63.1 million.
  • Adjusted EBITDA was $417.6 million, an 8.4% increase year-over-year, exceeding the estimate of $403.2 million.
  • Net income saw a significant rise to $712.4 million, compared to $194.6 million last year, and well above the estimate of $270.8 million.
  • Free cash flow from continuing operations was $155.8 million, a decrease of 6.2% year-over-year.
  • Capital expenditure dropped by 17% year-over-year to $24.9 million, much lower than the estimated $62 million.
  • Total operating income was $377.5 million, a 15% increase year-over-year, and surpassed the estimate of $363.4 million.
  • Adjusted EPS improved to $6.24 from $5.18 year-over-year, beating the estimate of $5.98.
  • The company raised its full-year 2024 outlook to revenue growth of approximately 12% and approximately 150 basis points of adjusted EBITDA margin expansion.
  • The strong quarter aligns with Carlisle’s Vision 2030 goal of delivering $40 of adjusted EPS.
  • Analysts’ ratings: 5 buys, 2 holds, and 1 sell.

A look at Carlisle Cos Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
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

Carlisle Companies Incorporated, a manufacturer and distributor of construction materials, transportation products, and general industry products, has garnered positive Smartkarma Smart Scores across key metrics. With a strong Growth score of 5, the company is poised for long-term expansion and development in various sectors such as roofing, construction, and trucking. Complemented by a solid Momentum score of 4, Carlisle Cos shows potential for sustained performance and market traction in the coming years.

Additionally, the company scores well in terms of Resilience with a rating of 3, indicating its ability to weather economic fluctuations and industry challenges. While Value and Dividend scores are moderate at 2, Carlisle Cos‘ overall outlook remains promising, supported by its diversified product portfolio and presence across multiple industries.


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.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

Newmont Mining (NEM) Earnings: Q2 Adjusted EPS Surpasses Estimates with Strong Financial Performance

By | Earnings Alerts
  • Newmont Corp’s adjusted EPS for Q2 is 72c, beating estimates of 61c.
  • Average realized gold price per ounce sold is $2,347, higher than the estimated $2,302.
  • Adjusted EBITDA stands at $1.97 billion, compared to the estimate of $1.77 billion.
  • Free cash flow is $594 million, outperforming the forecast of $433.4 million.
  • Gold all-in sustaining cost per ounce is $1,562, higher than the estimate of $1,491.
  • The company is on track to meet its 2024 guidance for production, costs, and capital expenditure.
  • An increase in production is expected in the second half of 2024, especially in the fourth quarter.
  • Full-year production for 2024 is anticipated to be weighted towards the second half, with a significant rise in the fourth quarter.
  • Analyst ratings include 13 buys, 8 holds, and 1 sell.

Newmont Mining on Smartkarma

Analyst coverage of Newmont Mining on Smartkarma by Baptista Research provides valuable insights into the company’s performance and strategic direction. In the report titled “Newmont Corporation: What Is Its Asset Divestments Strategy? – Major Drivers,” the first quarter 2024 earnings are analyzed, showcasing a balanced view of the company’s operations. Despite challenges such as on-site incidents resulting in the loss of three employees, Newmont remains on track to meet its 2024 guidance, demonstrating operational stability.

In another report by Baptista Research titled “Newmont Corporation: Will Its Balanced Capital Allocation Strategy Work? – Major Drivers,” the focus is on the company’s recent fourth-quarter 2023 earnings and 2024 guidance. Newmont’s operational performance in 2023, including the production of 5.5 million ounces of gold and strong financial results with adjusted EBITDA of $4.2 billion, highlights its ability to deliver value to shareholders. These insights offer investors a comprehensive view of Newmont Mining‘s performance and investment potential.


A look at Newmont Mining Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth2
Resilience3
Momentum5
OVERALL SMART SCORE3.2

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

Based on the Smartkarma Smart Scores, Newmont Mining is positioned to perform well in the long term. The company scores moderately in terms of value and dividend, indicating stability and potential for returns. With a slightly lower score in growth, Newmont may focus on maintaining its current operations rather than aggressive expansion. However, the company’s high momentum score suggests strong performance and potential for continued growth in the future.

Newmont Mining Corporation is a mineral properties company that predominantly produces gold from various operations worldwide. Operating in multiple countries such as the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand, and Mexico, Newmont also engages in copper mining activities in Indonesia. The company’s diversified operations help spread risk and ensure a steady revenue stream, contributing to its overall resilience in the 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

Las Vegas Sands (LVS) Earnings: 2Q Revenue Falls Short of Estimates at $2.76 Billion

By | Earnings Alerts
  • Net revenue was $2.76 billion, an 8.6% increase year-over-year, but fell short of the $2.82 billion estimate.
  • EPS (Earnings Per Share) rose to 48 cents from 41 cents the previous year.
  • Adjusted property EBITDA increased by 10% year-over-year to $1.07 billion, missing the estimate of $1.11 billion.
  • The Venetian Macao’s adjusted property EBITDA was $262 million, a 4% increase year-over-year, but below the $303 million estimate.
  • The Londoner Macao’s adjusted property EBITDA remained steady at $103 million year-over-year, not meeting the $147.1 million estimate.
  • Marina Bay Sands’ adjusted property EBITDA was $512 million, a 19% increase year-over-year, matching the estimate.
  • The Londoner Macao’s rolling chip volume increased by 18% year-over-year to $2.36 billion, exceeding the $1.77 billion estimate.
  • Marina Bay Sands’ rolling chip volume rose by 1% year-over-year to $6.08 billion, falling short of the $7.42 billion estimate.
  • The Londoner Macao’s non-rolling chip drop decreased by 14% quarter-over-quarter to $1.65 billion, just above the $1.64 billion estimate.
  • The Parisian Macao’s non-rolling chip drop was $1.09 billion, a 40% year-over-year increase, surpassing the $829.8 million estimate.
  • The Plaza Macao & Four Seasons’ non-rolling chip drop increased by 32% year-over-year to $748 million, outperforming the $617.4 million estimate.
  • Marina Bay Sands’ non-rolling chip drop was $2.04 billion, a 9% year-over-year increase, matching the estimate.
  • The Venetian Macao’s slot handle was $1.55 billion, up 16% year-over-year, slightly above the $1.52 billion estimate.
  • The Londoner Macao’s slot handle increased by 19% year-over-year to $1.55 billion, in line with the $1.54 billion estimate.
  • The Parisian Macao’s slot handle was $943 million, a 38% year-over-year increase, significantly exceeding the $662.2 million estimate.
  • Capital expenditure was $285 million, a 45% year-over-year increase, but well below the $406.5 million estimate.
  • Adjusted EPS was 55 cents, slightly below the estimated 56 cents.
  • Analyst recommendations: 18 buys, 2 holds, and 0 sells.

Las Vegas Sands on Smartkarma

Analyst coverage of Las Vegas Sands on Smartkarma by Baptista Research indicates a bullish sentiment towards the company’s performance. In one report titled “Las Vegas Sands Corp.: These Are The 6 Pivotal Drivers Propelling The Company Forward! – Financial Forecasts,” it is highlighted that Las Vegas Sands Corporation is displaying confidence in the Macao market’s growth, with continuous advancement in recent quarters. Despite disruptions from capital investment programs, solid results have been demonstrated. The company envisions Macao’s annual gaming revenue potentially reaching $40 billion in the future, emphasizing ongoing investments in product quality and market scale.

Another report by Baptista Research, “Las Vegas Sands Corp.: Intense Competition in the Premium Mass Segment & 3 Other Major Challenges In Its Path! – Key Drivers,” mentions that Las Vegas Sands Corp. reported an enhanced EBITDA of $654 million from Macao in the quarter, a significant improvement post the pandemic. Anticipated robust growth in gaming and non-gaming revenues is attributed to the company’s strong presence in non rolling table win, rolling table win, and slot ETG win, despite facing challenges such as intense competition in the premium mass segment.


A look at Las Vegas Sands Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth5
Resilience2
Momentum3
OVERALL SMART SCORE3.0

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

Las Vegas Sands Corp. owns and operates casino resorts and convention centers in the United States, Macau, and Singapore. The company’s casinos provide various gaming activities and entertainment, complemented by accommodations, while its expo centers host a variety of shows and events.

Based on the Smartkarma Smart Scores, Las Vegas Sands shows a promising long-term outlook. With a top score in Growth and solid scores in Dividend and Momentum, the company is poised for significant expansion and future profits. Although Value and Resilience scores are not as high, the overall positive sentiment in key areas bodes well for Las Vegas Sands‘ sustained success in the future.


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.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

Jeronimo Martins Sgps Sa (JMT) Earnings: 2Q Net Income Misses Estimates Amid Margin Pressures

By | Earnings Alerts
  • JerΓ³nimo Martins reported a net income of €156 million for Q2 2024, which is a 28% year-over-year decrease and fell short of the €166.9 million estimate.
  • Gross profit for the quarter was €1.67 billion, a 7.1% year-over-year increase, meeting the expected value.
  • EBITDA came in at €532 million, a 4.8% year-over-year drop, missing the €553.2 million estimate.
  • Net sales & services reached €8.23 billion, a 6.8% year-over-year rise, but missed the €8.42 billion estimate.
  • The company warned that pressure on the EBITDA margin might be higher in the second half of the year.
  • JerΓ³nimo Martins’ EBITDA margin for the first half of 2024 was 6.4%, compared to 6.9% in the first half of 2023.
  • The company is experiencing significant pressure on its margins due to a rapid decrease in food prices and a significant increase in costs.
  • Despite these challenges, JerΓ³nimo Martins plans to stay focused on sales performance and reinforce cost discipline.
  • The Polish food retail sector is losing volumes even with a substantial increase in the minimum wage.
  • Biedronka, one of the company’s main banners, aims to maintain its price leadership and prioritize sales growth in volume.
  • The strategy to counter basket deflation may continue to pressure the EBITDA margin, especially in the second half of the year.
  • JerΓ³nimo Martins reaffirms its 2024 capital expenditure program, which will be in line with that of 2023, totaling approximately €1.2 billion.
  • The company currently has 18 buy ratings, 7 hold ratings, and 1 sell rating from analysts.

A look at Jeronimo Martins Sgps Sa 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

Based on the Smartkarma Smart Scores, Jeronimo Martins Sgps Sa is positioned for a positive long-term outlook. With a strong score in Growth and Momentum, the company shows promise for future expansion and market performance. Additionally, its respectable scores in Dividend and Resilience indicate a level of stability and potential for steady returns for investors. However, there is some room for improvement in the Value score, which suggests the company may be slightly overvalued at present.

Jeronimo Martins, SGPS, S.A., a holding company known for its food distribution operations in Portugal, Poland, and Colombia, continues to demonstrate resilience and growth potential. With a foothold in supermarket and retail sectors across multiple countries, the company maintains a diverse business portfolio. By focusing on enhancing its value proposition, Jeronimo Martins Sgps Sa can further solidify its position in the market and attract more investors seeking long-term growth opportunities.


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.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

Deutsche Boerse (DB1) Earnings: FY EBITDA Forecast Boosts, Surpasses Estimates in Q2 Results

By | Earnings Alerts
  • Deutsche Boerse raises its full-year EBITDA forecast to above €3.3 billion from previously above €3.2 billion.
  • Full-year net revenue is now expected to be above €5.7 billion, up from above €5.6 billion.
  • For the second quarter:
    • EBITDA reached €848.1 million, a 16% increase year-over-year, beating the estimate of €837.5 million.
    • Investment Management Solutions EBITDA was €86.7 million, below the estimate of €101 million.
    • Trading & Clearing EBITDA stood at €377.8 million, up 16% year-over-year, surpassing the estimate of €368.1 million.
    • Fund Services EBITDA was €68.0 million, a 31% increase year-over-year, above the estimate of €66.4 million.
    • Securities Services EBITDA was €315.6 million, a 6% increase year-over-year, exceeding the estimate of €308.4 million.
  • Net income totaled €498.6 million, a 13% increase year-over-year, surpassing the estimate of €473 million.
  • Basic earnings per share (EPS) was €2.72, compared to €2.41 year-over-year, beating the estimate of €2.54.
  • Cash EPS reached €2.91 versus €2.52 year-over-year, above the estimate of €2.77.
  • EBIT was €719.9 million, a 12% increase year-over-year, but below the estimate of €742 million.
  • Pretax profit stood at €682.3 million, a 7.8% increase year-over-year, slightly below the estimate of €691.3 million.
  • Net revenue was €1.45 billion, up 19% year-over-year, exceeding the estimate of €1.44 billion.
  • Investment Management Solutions net revenue was €304.0 million, just below the estimate of €307.5 million.
  • Trading & Clearing net revenue reached €606.8 million, an 11% increase year-over-year, above the estimate of €595 million.
  • Financial Derivatives net revenue was €339.6 million, a 9.9% increase year-over-year, beating the estimate of €330.8 million.
  • Commodities net revenue stood at €152.0 million, slightly above the estimate of €151.8 million.
  • Cash Equities net revenue was €75.3 million, surpassing the estimate of €71.6 million.
  • Fund Services net revenue reached €121.3 million, a 9.7% increase year-over-year, above the estimate of €120 million.
  • Securities Services net revenue was €417.4 million, a 4.5% increase year-over-year, above the estimate of €407.2 million.
  • Consolidation of SimCorp and secular growth initiatives significantly contributed to organic net revenue growth.
  • Analyst Recommendations: 13 buys, 13 holds, and 0 sells.

A look at Deutsche Boerse Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience5
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

Deutsche Boerse AG, a company providing stock exchange services, receives varying ratings across different factors. With a moderate Value score of 2, the company may not be considered undervalued. However, it boasts a respectable Dividend score of 3, indicating a stable dividend payout. In terms of Growth, Deutsche Boerse is rated well at 4, suggesting potential for future expansion. The company’s highest score of 5 in Resilience highlights its ability to weather market volatility successfully. Additionally, a Momentum score of 4 indicates positive recent performance trends. Overall, Deutsche Boerse appears to have a promising long-term outlook based on these Smartkarma Smart Scores.

Deutsche Boerse AG’s diverse offerings include electronic trading systems and a range of indices like DAX and MDAX. With options and futures trading also part of its services, the company caters to both institutional and private investors in Europe. While specific numerical values are not provided, the combination of its moderate Value, solid Dividend, strong Growth, high Resilience, and positive Momentum scores paints a positive picture for Deutsche Boerse’s future prospects. Investors can potentially consider the company as a reliable player in the stock exchange industry, poised for continued growth and stability over 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

Renault SA (RNO) Earnings: 1H Operating Margin Surpasses Estimates with 8.1% Increase

By | Earnings Alerts
  • Renault’s operating margin for the first half of 2024 was 8.1%, ahead of the estimated 7.92% and up from last year’s 7.6%.
  • The company’s operating margin in monetary terms reached €2.18 billion, a 6.6% increase year over year, surpassing the estimated €2.12 billion.
  • Renault’s automotive operating margin value was €1.60 billion, a rise of 3.8% compared to last year, exceeding the forecasted €1.57 billion.
  • Sales financing operating margin stood at €593 million, a notable 14% jump from last year and above the projected €585.5 million.
  • Free cash flow dropped by 29% year over year to €1.26 billion, missing the estimated €1.49 billion.
  • Revenue for the first half was €26.96 billion, slightly up by 0.4% from last year, and matching the estimate of €26.9 billion.
  • Automotive revenue totaled €24.4 billion, just above the expected €24.33 billion.
  • Operating income fell by 9.4% to €1.90 billion, though still surpassing the estimate of €1.55 billion.
  • Net income decreased by 38% year over year to €1.29 billion, below expectations of €1.51 billion.
  • Renault forecasts an operating margin of at least 7.5%, with estimates suggesting 7.79%.
  • The company expects free cash flow of at least €2.5 billion, below the estimated €2.71 billion.
  • The first half net income included €1.38 billion, factoring in the capital loss from the disposal of Nissan shares.

A look at Renault SA Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth5
Resilience2
Momentum5
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

In assessing the long-term outlook for Renault SA, a leading automobile manufacturer, the Smartkarma Smart Scores reveal a mixed picture. While the company scores high in Value, Growth, and Momentum, indicating strong potential in these areas, its Resilience score lags behind. The high scores in Value suggest that Renault SA is currently undervalued relative to its fundamentals, presenting an opportunity for investors. Additionally, the strong Growth and Momentum scores hint at the company’s positive trajectory and market momentum, boding well for future performance.

However, the lower Resilience score raises some concerns about Renault SA‘s ability to withstand potential economic downturns or disruptions. Investors may need to carefully consider this aspect along with the promising Value, Growth, and Momentum factors. Overall, with its focus on designing, manufacturing, and marketing vehicles along with financing solutions, Renault SA appears poised for growth but may require a closer look at its resilience in the face of challenges.


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.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

Carrefour SA (CA) Earnings: Recurring Operating Income and Sales Fall Short of Estimates

By | Earnings Alerts
  • Recurring Operating Income: EU743 million, up by 6.1% year-over-year, but below the estimate of EU794.8 million.
  • Recurring Operating Margin: 1.8%, slightly up from 1.7% year-over-year, but below the estimate of 2.09%.
  • Net Sales: EU40.62 billion, down by 0.3% year-over-year, falling short of the estimate of EU42.11 billion.
  • Adjusted Net Income: EU313 million, up by 2.3% year-over-year, but below the estimate of EU353 million.
  • Capital Expenditure: EU659 million, down by 4.1% year-over-year, significantly below the estimate of EU853 million.
  • Negative Net Free Cash Flow: EU1.70 billion, up by 1.2% year-over-year.
  • Second Quarter Results:
    • LFL Sales (excluding fuel and calendar effect): +10.8%, above the estimate of +8.62%.
    • France LFL Sales:
      • Overall: -3.5%, below the estimate of -0.82%.
      • Hypermarkets: -5.5%, below the estimate of -1.6%.
      • Supermarkets: -2.4%, below the estimate of -0.5%.
      • Convenience/Other Formats: -0.9%, below the estimate of +1.73%.
    • Belgium LFL Sales: -3.8%, below the estimate of +0.1%.
    • Spain LFL Sales: -2.1%, below the estimate of +0.75%.
    • Italy LFL Sales: -5.4%, below the estimate of -0.7%.
    • LatAm LFL Sales: +44.5%, above the estimate of +32.8%.
  • Sales Including VAT: EU22.71 billion, below the estimate of EU23.23 billion.
  • France Sales Including VAT: EU10.11 billion, below the estimate of EU10.44 billion.
  • Comments: Company confirms FY targets.

A look at Carrefour SA Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience2
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

Carrefour SA, a multinational retail giant, appears to have a promising long-term outlook based on the Smartkarma Smart Scores. With a strong rating of 5 for Dividend, investors can expect consistent and attractive dividend payments from the company. Additionally, its solid Value score of 4 suggests that Carrefour is undervalued relative to its fundamentals, potentially offering a good investment opportunity.

While Carrefour scores well in Dividend and Value, its lower Resilience and Momentum scores may pose some challenges. A Resilience score of 2 indicates some vulnerabilities to economic downturns or industry-specific risks. Moreover, with a Momentum score of 3, Carrefour may face hurdles in maintaining a strong upward momentum in the market. Despite this, its Growth score of 4 hints at potential expansion opportunities in the future.

Summary: Carrefour SA operates chains of supermarkets, hypermarkets, discount, cash and carry, and frozen food stores across various continents, positioning itself as a significant player in the global retail 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

Universal Music Group NV (UMG) Earnings: 2Q EBITDA Misses Estimates While Revenue Surpasses Expectations

By | Earnings Alerts
  • 2Q EBITDA: Reported at €580 million, missing the estimate of €591.4 million.
  • Adjusted EBITDA: Came in at €649 million, surpassing the estimate of €641.4 million.
  • Adjusted EBITDA Margin: 22.1%, slightly below the estimated 22.3%.
  • Revenue: Totalled €2.93 billion, higher than the estimated €2.88 billion.
  • Recorded Music Revenue: Reported at €2.20 billion, falling short of the €2.22 billion estimate.
  • Music Publishing Revenue: Totalled €511 million, below the estimate of €519.9 million.
  • Merchandising & Other Revenue: Significantly outperformed estimates, reported at €227 million versus €165.4 million estimated.
  • Recorded Music Revenue (constant currency): Increased by 6.8%, compared to the 7.05% estimate.
  • Merchandising & Other Revenue (constant currency): Rose by a notable 43.7%, far exceeding the 6.24% estimate.
  • First Half Results:
    • EBITDA: €1.07 billion, just shy of the €1.08 billion estimate.
    • Recorded Music EBITDA: €959 million, above the estimate of €942 million.
    • Music Publishing EBITDA: €229 million, missing the €238.4 million estimate.
    • Merchandising & Other EBITDA: €18 million, below the estimates of €21.9 million.
  • Net Income: €914 million, significantly surpassing the estimate of €603.3 million.
  • Analyst Ratings: 15 buys, 7 holds, 1 sell.

A look at Universal Music Group NV Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth5
Resilience3
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

Universal Music Group NV, an entertainment company producing and distributing music content globally, demonstrates a promising long-term outlook based on its Smartkarma Smart Scores. With a high Growth score of 5, the company is positioned for significant expansion and development in the future. Additionally, a Momentum score of 4 suggests that Universal Music Group is gaining positive traction in the market, indicating potential for continued success and progress.

Although the Value score is moderate at 2, Universal Music Group NV shows resilience with a score of 3, highlighting its ability to navigate challenges and maintain stability. A respectable Dividend score of 3 also indicates a solid payout to investors. Overall, with a balanced set of Smart Scores, Universal Music Group NV presents a favorable long-term outlook, poised for growth and success in the entertainment 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

Kering (KER) Earnings: 2Q Revenue Misses Estimates, Gucci Down 20%

By | Earnings Alerts




Investment Analysis

  • Kering‘s total revenue for 2Q: EU4.51 billion, down 11% compared to last year
  • Gucci’s revenue for 2Q: EU2.01 billion, down 20% y/y
  • Yves Saint Laurent’s revenue for 2Q: EU701 million, down 9% y/y
  • Bottega Veneta’s revenue for 2Q: EU448 million, up 2.3% y/y
  • Other Houses’ revenue for 2Q: EU893 million, down 7.6% y/y
  • Eyewear & corporate division’s revenue for 2Q: EU531 million, up 22% y/y
  • Overall first-half revenue: EU9.02 billion, down 11% y/y
  • First-half recurring operating income: EU1.58 billion, down 42% y/y
  • First-half Gucci recurring operating income: EU1.01 billion, down 44% y/y
  • First-half Yves Saint Laurent recurring operating income: EU316 million, down 34% y/y
  • First-half Bottega Veneta recurring operating income: EU121 million, down 28% y/y
  • First-half Other Houses recurring operating income: EU44 million, down 80% y/y
  • Recurring operating margin for the first half: 17.5%
  • First-half recurring net income: EU888 million, down 50% y/y
  • First-half free cash flow from operations: EU1.1 billion
  • Expected 2H recurring operating income: Down ~30% versus 2H23



A look at Kering Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE2.8

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

According to Smartkarma Smart Scores, Kering, a company known for its luxury and lifestyle products including Gucci and Puma, has received varying ratings across different factors. While the company fares well in terms of dividends and growth potential, with scores of 4 and 3 respectively, its value and resilience scores are more moderate at 2. Momentum, indicating the stock’s short-term performance, stands at 3. Overall, Kering‘s long-term outlook seems positive, especially considering its solid dividend and growth scores.

Kering SA, the Paris-based luxury goods company behind renowned brands like Bottega Veneta and Alexander McQueen, seems well-positioned for continued success in the luxury market. With a diverse portfolio spanning luxury to sport and lifestyle segments, Kering‘s global presence offers it a competitive edge. While some areas like value and resilience could see improvements, the company’s strong dividend and growth outlook bode well for its long-term prospects in the 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars