Category

Earnings Alerts

Mercedes-Benz Group (MBG) Earnings: Misses Adjusted EBIT Estimates Amid China Market Weakness

By | Earnings Alerts
  • Daimler Truck’s preliminary adjusted EBIT for Q2 is €1.17 billion, slightly below the estimate of €1.22 billion.
  • Trucks North America outperformed expectations with adjusted EBIT of €875 million, against an estimate of €761.6 million.
  • Mercedes-Benz fell short of predictions with adjusted EBIT of €299 million, compared to the expected €397 million.
  • Trucks Asia reported a substantial EBIT loss of €82 million, while a profit of €49.3 million was anticipated.
  • Daimler Truck faced a €120 million impairment due to weak market development in China, which affected their joint venture there.
  • Daimler Truck’s year guidance is under review owing to ongoing challenges in the Chinese market.
  • If excluding one-time impacts, the Q2 Industrial Business adjusted return on sales (ROS) would have been 10.2%; however, it stands at 9.3%.
  • Strong performance was observed in Trucks North America and Daimler Buses, exceeding market forecasts.
  • Segments like Mercedes-Benz and Financial Services did not meet market expectations for the quarter.
  • The Q2 preliminary adjusted free cash flow for the Industrial Business is -€285 million.
  • Analyst ratings include 18 buys, 2 holds, and 0 sells.

A look at Mercedes-Benz Group Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience2
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

Mercedes-Benz Group AG, a leading automobile company, has garnered impressive Smart Scores across various key factors. With a top score of 5 in both Value and Dividend, the company demonstrates strong financial health and investor-friendly policies. Furthermore, its Growth score of 4 reflects promising potential for expansion and development in the long run. However, Mercedes-Benz Group scores lower in Resilience and Momentum, with scores of 2 and 3 respectively, indicating some areas of vulnerability and slower market traction.

Overall, based on the Smart Scores provided, Mercedes-Benz Group presents a solid outlook for long-term investors, particularly in terms of value and dividend attractiveness. While there are areas for improvement in terms of resilience and momentum, the company’s strong foundation and growth prospects position it favorably in the competitive automotive 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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William Demant Holding A/S (DEMANT) Earnings: FY Ebit Forecast Cut, Q1 Misses Estimates

By | Earnings Alerts

  • Demant revised its full-year EBIT forecast to DKK4.30 billion to DKK4.60 billion, down from a previous forecast of DKK4.6 billion to DKK5 billion.
  • Analysts estimated an EBIT of DKK4.81 billion.
  • The company expects share buybacks to exceed DKK2 billion, the same as previously forecasted.
  • Organic revenue growth is now seen at 2% to 4%, down from the previous estimate of 4% to 8%.
  • For the first half of the year, the group reported organic growth of 3%.
  • EBIT before special items for the first half of 2024 stood at DKK 2,068 million.
  • Analyst recommendations include 9 buys, 7 holds, and 7 sells.



A look at William Demant Holding A/S Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth3
Resilience2
Momentum4
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

William Demant Holding A/S, a company specializing in developing and selling products for individuals with hearing impairments, has received a mixed outlook based on the Smartkarma Smart Scores analysis. While the company shows promising momentum with a score of 4, indicating strong performance in the market, it lags in terms of its dividend score, which stands at 1. However, with a moderate score of 3 for growth potential, there is optimism for future expansion opportunities. Additionally, the company demonstrates resilience with a score of 2, showcasing its ability to withstand market fluctuations. Overall, William Demant Holding A/S presents a varied outlook across different factors, suggesting a combination of strengths and areas for improvement.

Demant A/S, known for its focus on developing hearing devices, implants, diagnostic instruments, and personal communication tools, serves a global customer base. The company’s Smartkarma Smart Scores profile indicates a moderate overall outlook. While the company exhibits strong momentum and potential for growth, there are areas such as dividend performance where improvements could be made. With a mission to help individuals with hearing loss connect and communicate effectively, William Demant Holding A/S remains committed to innovation and serving the needs of its diverse clientele around the world.


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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Adidas (ADS) Earnings: FY Operating Profit Forecast Boosted Amid Currency Impact

By | Earnings Alerts
  • Profit Forecast Boost: Adidas has revised its forecast for the fiscal year operating profit to about €1.0 billion, up from a previous estimate of about €700 million.
  • Second Quarter Performance: Preliminary results show:
    • Gross margin at 50.8%, slightly below the estimate of 51.4%.
    • Revenue at €5.82 billion, higher than the estimate of €5.56 billion.
  • Yeezy Inventory: The company plans to sell the remaining Yeezy inventory at cost, which will add approximately €150 million in sales for the year but will not contribute to profit.
  • Currency Impact: Unfavorable currency effects are significantly affecting Adidas’ profitability, impacting both reported revenues and gross margin development, especially in the first half of 2024.
  • Revenue Expectations: Adidas now expects currency-neutral revenues to increase at a high single-digit rate in 2024, up from a previous expectation of a mid- to high-single-digit rate increase.
  • Analyst Ratings: The company has received 15 buy recommendations, 14 hold recommendations, and 6 sell recommendations.

A look at adidas Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth2
Resilience2
Momentum4
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

Analysts using the Smartkarma Smart Scores have evaluated adidas and provided insights into its long-term outlook. With a rating of 4 in Momentum, adidas shows strong potential for growth and positive market performance in the foreseeable future. This high momentum score indicates that adidas has been gaining traction in the market, which could lead to increased profitability and shareholder value over time.

While adidas received a rating of 2 in Value, Dividend, Growth, and Resilience, it indicates a neutral stance across these factors. With a balanced assessment in these areas, adidas may need to focus on improving its performance in various aspects to secure a more positive outlook in the long term.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Aeroports De Paris (ADP) Earnings Boosted by 7.8% Increase in June Passenger Traffic

By | Earnings Alerts
  • Passenger traffic in June increased by 7.8%.
  • Paris airport saw a passenger growth of 3.5%.
  • TAV airports experienced a passenger surge of 11.6%.
  • Total passenger volume reached 33.33 million.
  • Analyst ratings: 7 buy recommendations, 15 hold recommendations, and 1 sell recommendation.

A look at Aeroports De Paris Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth5
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

Based on the Smartkarma Smart Scores, Aeroports De Paris shows a promising long-term outlook. With high scores in Growth and Dividend, the company is poised for expansion and has the potential to provide attractive returns to investors through dividends. Furthermore, its strong Momentum score indicates positive market sentiment and suggests that the company is performing well relative to its peers. However, the lower scores in Value and Resilience may be areas of concern, suggesting that the company may be slightly overvalued and could face challenges in adverse market conditions.

Aeroports De Paris, which manages all civil airports in the Paris area, is also involved in developing and operating light aircraft aerodromes. Alongside air transport services, the company offers business services like office rental. This diversified business model provides Aeroports De Paris with multiple revenue streams and opportunities for growth, aligning with its high Growth score and positive long-term prospects in the aviation 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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Vinci SA (DG) Earnings: June Passenger Traffic Surges by 7.9% – Q2 Results Analysis

By | Earnings Alerts
  • Vinci reported a 7.9% increase in passenger traffic for June 2024.
  • For the entire second quarter of 2024, passenger traffic increased by 8.2%.
  • In terms of stock recommendations:
    • 22 buy ratings
    • 3 hold ratings
    • 2 sell ratings

A look at Vinci SA Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth5
Resilience3
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

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Analysts using Smartkarma Smart Scores see Vinci SA as positioned for long-term success. With strong scores in Growth and Dividend, the company is forecasted to experience continued expansion and provide attractive returns to investors. Vinci SA‘s expertise in concessions and construction, combined with its focus on building, civil, hydraulic, and electrical engineering, sets a solid foundation for sustained growth.

While Vinci SA scores moderately in Value, Resilience, and Momentum, the company’s core strengths lie in its ability to deliver growth and dividends. The Company’s diverse portfolio of construction-related specialities and infrastructure projects, including motorways, airports, and road and rail infrastructures, positions it well to capitalize on global infrastructure development trends. Investors looking for a company with a proven track record in the construction and concessions sectors may find Vinci SA a promising long-term investment.

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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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Qatar Islamic Bank SAQ (QIBK) Earnings: 1H Net Income Climbs to 2.07 Billion Riyals, EPS Improves to 0.87 Riyals

By | Earnings Alerts
  • Qatar Islamic Bank QPSC reported a net income of 2.07 billion riyals for the first half of 2024, marking a 5.6% increase year over year.
  • Earnings per share (EPS) rose to 0.87 riyals from 0.83 riyals a year ago.
  • Total income for the period reached 5.66 billion riyals, which is a 12% increase from the prior year.
  • Total assets of the bank now stand at 192.3 billion riyals, up by 4.9% year over year.
  • Customer deposits increased to 122.7 billion riyals, also a 4.9% rise year over year.
  • Operating expenses for the first half of the year totaled 571 million riyals.
  • The cost to income ratio is currently at 17.7%.
  • The non-performing loans ratio is at 1.7%.
  • Total impairments amounted to 565 million riyals.
  • The bank has a non-performing loans coverage ratio of 95%.
  • The capital adequacy ratio stands at a strong 20.7%.
  • Qatar Islamic Bank will pay an interim dividend of 0.25 riyals per share.
  • Analyst ratings consist of 2 buys and 3 holds, with no sell recommendations.

A look at Qatar Islamic Bank SAQ Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE2.8

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

Qatar Islamic Bank SAQ, a prominent player in the banking sector, has been assessed utilizing the Smartkarma Smart Scores to determine its long-term outlook. With a solid score in growth and momentum, Qatar Islamic Bank SAQ showcases promising potential for expansion and sustained performance in the market. The bank’s focus on Islamic banking services aligns with its Sharia principles, attracting deposits and offering various financial solutions to individuals and businesses.

Despite moderate scores in value, dividend, and resilience, Qatar Islamic Bank SAQ‘s emphasis on growth and momentum positions it favorably for future developments. With a strong foundation in providing financing for local and international projects, leasing assets, and supporting local businesses, the bank is poised for continued growth and market presence in the evolving financial 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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National Bank of Kuwait SAKP (NBK) Earnings: Q2 Net Income Meets Estimates at 145.8 Million Dinars

By | Earnings Alerts
  • Net income for Q2: 145.8 million dinars, a 3.3% increase year-over-year (YoY), close to the estimate of 146 million dinars.
  • Operating revenue: 303.4 million dinars, up by 5.4% YoY, slightly below the estimate of 310 million dinars.
  • Operating profit: 188.3 million dinars, witnessing a 3% rise YoY.
  • Earnings per share (EPS): 0.0170 dinars, compared to 0.0160 dinars YoY.
  • Net interest income: 193.4 million dinars, showing a 10% growth YoY.
  • Non-interest income: 59.2 million dinars, marking a 13% decline YoY.
  • Operating expenses: 115.1 million dinars, up by 9.4% YoY.
  • Impairments: 17.2 million dinars, down by 14% YoY.
  • Analyst ratings: 2 buys, 4 holds, 4 sells.

A look at National Bank of Kuwait SAKP Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
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

Analysis of the Smartkarma Smart Scores for National Bank of Kuwait SAKP reveals a mixed long-term outlook. With a Growth score of 4, the bank appears well-positioned for expansion and development in the future. This indicates a positive trajectory in terms of increasing market share and profitability. Additionally, the Momentum score of 3 suggests that the bank is experiencing stable and consistent performance that may continue in the long run. However, concerns arise from the Value and Resilience scores, both at 2, indicating weaker performance in these areas. Investors may wish to carefully consider these factors when evaluating the overall investment potential of National Bank of Kuwait SAKP.

National Bank of Kuwait S.A.K. is a commercial banking entity that operates through a network of local and international branches and subsidiaries. The combination of a moderate Dividend score of 3, coupled with the aforementioned scores, paints a picture of a bank with growth potential but facing challenges in terms of value and resilience. Investors looking at National Bank of Kuwait SAKP should weigh these factors against the backdrop of its expansion and stability prospects 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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Progressive Corp (PGR) Earnings: 2Q Net Premiums Earned Meet Estimates with 19% Growth

By | Earnings Alerts
  • Progressive’s net premiums earned in Q2 2024 were $17.21 billion, increasing by 19% year-over-year (y/y) and meeting the estimate of $17.07 billion.
  • The company’s earnings per share (EPS) for the quarter were $2.48, significantly up from 57 cents in the same period last year.
  • Net premiums written were $17.90 billion, a 22% rise y/y, surpassing the $17.58 billion estimate.
  • Progressive reported a combined ratio of 91.9%, improving from 100.4% y/y and better than the 94% estimate.
  • Analyst recommendations include 13 buys, 9 holds, and 1 sell for Progressive shares.

Progressive Corp on Smartkarma

Analysts at Baptista Research are bullish on Progressive Corporation, as indicated in their recent report titled “The Progressive Corporation: Leveraging Technology for Competitive Pricing! – Major Drivers.” The report highlights the company’s strong first-quarter results in 2024, showcasing robust growth and profitability. Progressive saw an 18% increase in net premiums written and achieved an impressive combined ratio of 86.1%. These figures demonstrate both growth and a strategic emphasis on rate revisions and risk management, in line with the company’s core values and business strategy.


A look at Progressive Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE2.8

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

Based on the Smartkarma Smart Scores for Progressive Corp, the company has a mixed long-term outlook. While it has strong momentum and growth potential, with both scoring above average, its value and dividend scores are more moderate. The company’s resilience score falls in line with its growth score, indicating a stable and steady performance expected in the long run. Overall, Progressive Corp is positioned reasonably well across the board, although there may be room for improvement in certain areas to enhance its attractiveness to investors.

The Progressive Corporation, an insurance holding company, offers various insurance services across the United States. Specializing in personal and commercial automobile insurance, as well as other specialty property-casualty insurance, the company delivers a range of related services to its customers. With a balanced mix of scores across key factors like growth, momentum, and resilience, Progressive Corp demonstrates a solid foundation for sustainable operations and potential future expansion in the insurance 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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State Street (STT) Earnings: 2Q Revenue Surpasses Estimates at $3.19 Billion

By | Earnings Alerts
  • State Street‘s Q2 revenue surpassed expectations at $3.19 billion, marking a 2.6% year-over-year increase, compared to the estimated $3.14 billion.
  • Fee revenue slightly increased by 1.5% year-over-year to $2.46 billion, which met the estimate of $2.45 billion.
  • Reported earnings per share (EPS) were $2.15, a slight decrease from $2.17 year-over-year.
  • Net interest income grew by 6.4% year-over-year to $735 million, exceeding the estimated $690.2 million.
  • The Fully Taxable Equivalent (FTE) net interest margin was 1.13%, slightly lower than last year’s 1.19%, but higher than the estimated 1.1%.
  • Provision for credit losses was $10 million this quarter, contrasting with a recovery of $18 million the previous year and an estimated $17.2 million.
  • Net flows showed a significant decline, registering -$6 billion compared to +$38 billion last year and an estimated +$30.94 billion.
  • Assets under management increased by 1.8% quarter-over-quarter to $4.42 trillion, beating the estimate of $4.37 trillion.
  • Assets under custody/administration marginally increased by 0.9% quarter-over-quarter to $44.31 trillion, slightly missing the estimate of $44.73 trillion.
  • The Common Equity Tier 1 ratio stood at 11.2%, compared to 11.8% last year and an estimated 11.1%.
  • Return on average equity was 11.9%, down from 13% year-over-year.
  • Analyst ratings were mixed with 7 buys, 7 holds, and 4 sells.

A look at State Street Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.4

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

Analyzing State Street Corporation’s long-term outlook using the Smartkarma Smart Scores reveals a positive sentiment towards the company. With strong scores in Value and Dividend categories, State Street is perceived favorably in terms of its financial health and ability to provide steady returns to investors. Additionally, the company’s Momentum score indicates a positive trend in its stock performance, suggesting growing confidence from the market.

However, State Street‘s scores in Growth and Resilience are relatively lower, highlighting areas where the company may need to focus on improving its competitiveness and ability to withstand economic challenges. Overall, State Street Corporation, a global financial asset management firm catering to institutional investors, shows promise for long-term investors, particularly those seeking value and stability in their investment portfolios.


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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Morgan Stanley (MS) Earnings: Q2 Net Revenue Surpasses Estimates at $15.02 Billion

By | Earnings Alerts
  • Morgan Stanley‘s net revenue for Q2 is $15.02 billion, surpassing the estimate of $14.27 billion.
  • Wealth management net revenue is $6.79 billion, slightly below the estimate of $6.86 billion.
  • Equities sales and trading revenue stands at $3.02 billion, beating the estimate of $2.68 billion.
  • FICC sales and trading revenue hits $2.00 billion, exceeding the forecast of $1.86 billion.
  • Institutional Investment Banking revenue reaches $1.62 billion, higher than the estimate of $1.37 billion.
  • Advisory revenue comes in at $592 million, above the estimate of $523.3 million.
  • Equity underwriting revenue is $352 million, slightly above the estimate of $346.8 million.
  • Fixed Income Underwriting revenue is $675 million, surpassing the estimate of $515.8 million.
  • Earnings per share (EPS) is reported at $1.82.
  • Non-interest expenses total $10.87 billion, higher than the estimate of $10.57 billion.
  • Compensation expenses are $6.46 billion, slightly above the estimate of $6.36 billion.
  • Non-compensation expenses amount to $4.41 billion, beating the estimate of $4.22 billion.
  • Net interest income is $2.07 billion, exceeding the estimate of $1.78 billion.
  • Book value per share is $56.80.
  • Tangible book value per share is $42.30.
  • Return on equity (ROE) is 13%, higher than the estimate of 11.7%.
  • Return on tangible equity is 17.5%, surpassing the estimate of 15.7%.
  • The standardized CET1 ratio is 15.2%, slightly higher than the estimate of 15.1%.
  • Provision for credit losses is $76 million, greater than the estimate of $54.3 million.
  • The effective tax rate is 23.5%, matching closely with the estimate of 23%.
  • Assets under management total $1.52 trillion, slightly under the estimate of $1.53 trillion.
  • Fee-based asset flows are $26.0 billion, beating the estimate of $25.26 billion.
  • Expense efficiency ratio is 72%, better than the estimate of 74.1%.

A look at Morgan Stanley Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience2
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

Looking at the Smartkarma Smart Scores for Morgan Stanley, the company seems to have a solid long-term outlook. With a high score of 5 in Momentum, indicating strong positive price trends, Morgan Stanley appears to be gaining traction in the market. Additionally, the company’s above-average scores in Dividend and Value suggest that it may offer good returns to investors while being reasonably priced. However, its lower score in Resilience could indicate potential vulnerabilities to market fluctuations. Overall, the diversified financial services offered by Morgan Stanley, coupled with its positive scores in key areas, position it well for potential growth and stability in the long run.

Morgan Stanley, a bank holding company with a global presence in securities, investment banking, and asset management, appears to be on a promising trajectory. The company’s strong performance in Momentum reflects increasing investor interest and positive market sentiment. Moreover, its solid scores in Dividend and Value hint at a company that could potentially reward investors with dividends and growth opportunities. Despite a lower score in Resilience, indicating some risk exposure, Morgan Stanley‘s overall profile suggests a favorable outlook for the future, reaffirming its status as a key player in the financial services 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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