Category

Earnings Alerts

NIO (NIO) Earnings: June Deliveries Rise 3.2%, Quarterly Deliveries Up 143.9% YoY

By | Earnings Alerts
  • NIO Inc. delivered 21,209 vehicles in June, an increase of 3.2% compared to the previous month.
  • The number of premium smart electric SUVs delivered was 11,581, a decrease of 4.8% month-over-month.
  • The number of premium smart electric sedans delivered was 9,628, an increase of 15% month-over-month.
  • NIO delivered a total of 57,373 vehicles in the second quarter, representing a 143.9% increase year-over-year.
  • The company’s cumulative deliveries reached 537,020 vehicles as of June 30.
  • Analyst ratings for NIO: 20 buys, 12 holds, and 1 sell.

A look at NIO Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth3
Resilience5
Momentum4
OVERALL SMART SCORE3.0

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

Analysts utilizing the Smartkarma Smart Scores have given NIO a mixed outlook for the long term. While the company excels in resilience with a top score of 5, indicating its ability to weather challenging market conditions, it falls short in areas such as value and dividend with scores of 2 and 1, respectively. NIO’s growth potential has been rated at 3, showing moderate optimism, and its momentum ranks solidly at 4, suggesting a positive trend in stock performance. Overall, NIO’s profile as a manufacturer and seller of electric vehicles and related services garners a varied assessment across different factors, making it a stock to watch with cautious optimism.

NIO Inc., a global player in the automotive industry, specializes in the production and sale of electric vehicles and components. The company also offers battery charging services, catering to a diverse customer base around the world. Despite its mixed Smart Scores, NIO’s unique positioning in the growing electric vehicle market sets it apart in terms of innovation and technological advancement. Investors may be attracted to NIO’s resilience and momentum, while keeping a close eye on its valuation and dividend policies. As NIO continues to expand its offerings and reach, its long-term prospects remain intriguing, with both challenges and opportunities on the horizon.


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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Ashok Leyland (AL) Earnings: June Vehicle Sales Drop to 14,940 Units, a 1.8% Y/Y Decline

By | Earnings Alerts
  • Ashok Leyland sold 14,940 vehicles in June 2024.
  • Vehicle sales decreased by 1.8% compared to June 2023, which saw sales of 15,221 units.
  • Local sales accounted for 14,261 vehicles in June 2024.
  • Local sales slightly decreased by 0.7% year-over-year.
  • Sales overall declined by 2% compared to the previous year.
  • Current analyst recommendations for Ashok Leyland stock include 29 buys, 7 holds, and 8 sells.
  • All comparisons are based on values reported by the company’s original disclosures.

A look at Ashok Leyland Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth5
Resilience2
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

Based on the Smartkarma Smart Scores analysis, Ashok Leyland has a promising long-term outlook. With high scores in Dividend and Growth, the company is well-positioned to provide steady returns to its investors while also showing potential for expansion. The company’s strong focus on dividends indicates a commitment to rewarding its shareholders, while its high Growth score suggests opportunities for future development and profitability.

However, Ashok Leyland‘s lower scores in Value and Resilience indicate areas where the company may face challenges. The Value score suggests that the current market price may not fully reflect the company’s intrinsic value, potentially limiting immediate investment opportunities. Additionally, the Resilience score highlights concerns around the company’s ability to withstand economic downturns or industry challenges. Despite these issues, the company’s overall outlook remains positive, supported by its strong performance in Dividend and Growth.

Summary: Ashok Leyland Limited is a manufacturer of medium and heavy duty commercial vehicles, including a wide range of products such as buses, tractors, and defense sector vehicles. In addition to vehicles, the company also produces industrial & marine engines, ferrous castings, and spare parts for automobiles. Ashok Leyland operates in both the domestic market in India and internationally, providing a diverse revenue base.


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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XPeng (XPEV) Earnings: June Vehicle Deliveries Surge 24% YoY to 10,668 Units

By | Earnings Alerts
  • XPeng delivered 10,668 vehicles in June.
  • June deliveries represent a 24% increase year-over-year.
  • Deliveries grew 5% compared to the previous month.
  • The company delivered 52,028 Smart EVs in the first half of the year.
  • This is a 26% increase from the same period last year.
  • Analysts’ ratings: 19 buys, 10 holds, and 2 sells.

XPeng on Smartkarma

Analysts on Smartkarma, such as Ming Lu, are closely following the developments of companies like XPeng. In a recent research report titled “China Consumption Weekly (27 May 2024)”, Ming Lu highlighted the growth trends of Xpeng, Tongcheng, Kanzhun, and Gaotu in the first quarter of 2024. Xpeng saw a significant revenue increase of 62% year over year, showcasing strong performance in the market. Conversely, KE faced a revenue decline of 20% YoY due to challenges in the property sector. Bilibili also observed growth with its value-added services revenue up by 17% YoY and advertising revenue climbing 31% YoY.


A look at XPeng Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth3
Resilience5
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

XPeng Inc., a leading electric vehicle manufacturer, is positioned well for long-term success based on its Smartkarma Smart Scores. With a strong Value score of 4, XPeng is considered a promising investment option in terms of its current stock price compared to its intrinsic value. Additionally, the company’s high Resilience score of 5 indicates its ability to weather market uncertainties and economic downturns effectively.

While XPeng’s Dividend score of 1 may not appeal to income-seeking investors, its above-average Growth score of 3 highlights the company’s potential for expansion and future returns. The Momentum score of 4 further emphasizes XPeng’s positive market momentum, reflecting investor interest and confidence in the company’s growth prospects. Overall, XPeng’s well-rounded Smart Scores suggest a favorable outlook for the company in the electric vehicle 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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Coal India Ltd (COAL) Earnings: June Production Jumps 8.8% Y/Y to 63.1M Tons

By | Earnings Alerts
  • Coal India’s June production reached 63.1 million tons.
  • This represents an 8.8% increase compared to the previous year.
  • Sales in June were recorded at 64.1 million tons.
  • Sales increased by 5.4% year-over-year.
  • Current analyst ratings include 20 buys, 3 holds, and 3 sells.

A look at Coal India Ltd 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

Coal India Ltd, a major player in the coal industry, demonstrates a promising long-term outlook as per the Smartkarma Smart Scores analysis. With a strong score of 5 in the Dividend category, investors can expect consistent returns in the form of dividends. Moreover, the company has scored well in Resilience, indicating its ability to weather economic uncertainties and maintain stability. A Growth score of 4 suggests potential for expansion and development in the coming years. Additionally, a Momentum score of 4 hints at positive trends in the company’s stock performance. While the Value score of 3 indicates that the stock may not be deeply undervalued, the overall outlook for Coal India Ltd appears positive, especially for income-focused investors.

Coal India Ltd, known for its coal production and related services, seems to be a solid choice for investors seeking a reliable income stream and growth potential. The company’s robust performance in Dividend and Resilience underscores its ability to reward shareholders and navigate challenges. The promising Growth and Momentum scores further support the notion that Coal India Ltd is on a path towards expansion and favorable market trends. With a decent Value score, the stock may offer a fair valuation in line with its performance. Overall, based on the Smartkarma Smart Scores analysis, Coal India Ltd portrays a favorable long-term outlook for investors looking for stability and growth in the coal 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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Earnings Surge: Maruti Suzuki India (MSIL) Reports 12% Increase in June Total Sales, Bolstered by 57% Export Growth

By | Earnings Alerts
  • Total Sales: Maruti Suzuki sold 179,228 units in June 2024.
  • Year-over-Year Growth: This reflects a 12% increase compared to June 2023, when they sold 159,418 units.
  • Local Sales: The company sold 148,195 units within the local market, marking a 6.1% rise year-over-year.
  • Exports: Exports saw a significant surge of 57%, with 31,033 units sold overseas.
  • Analyst Recommendations: The current consensus includes 31 buy recommendations, 11 hold recommendations, and 4 sell recommendations.
  • Historical Comparisons: All comparisons are drawn from Maruti Suzuki’s original disclosures.

Maruti Suzuki India on Smartkarma

On Smartkarma, independent analysts have been covering Maruti Suzuki India, providing valuable insights for investors. Brian Freitas discusses potential free float changes and passive flows in May, highlighting how changes in shareholding patterns could impact stocks in local and global indices. Passive trackers may need to adjust their positions based on shareholding disclosures, with some companies experiencing significant float changes. This could lead to actions from passive trackers, with potential inflows for 14 stocks and outflows for 7 in May.

Meanwhile, Tina Banerjee‘s analysis focuses on Maruti Suzuki India‘s market leadership position in the UV segment, indicating a positive outlook. The company reported strong revenue growth in Q3FY24, driven by UV sales which grew substantially year-over-year. Maruti’s focus on UV leadership and expansion plans to double annual production capacity by 2030-31 suggest a competitive edge over peers in the medium to long term. With EBITDA margin expansion and strong growth trajectory, Maruti Suzuki India appears well-positioned for continued success.


A look at Maruti Suzuki India Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience4
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

Maruti Suzuki India Limited, a leading automobile manufacturer, has been assigned a mixed bag of Smart Scores reflecting its long-term outlook. With a Value score of 3, the company indicates moderate potential for investors seeking value opportunities. Simultaneously, Maruti Suzuki’s Dividend, Growth, and Resilience scores of 4 each portray a positive outlook in terms of stable dividend payments, growth prospects, and ability to weather economic challenges.

However, the company’s Momentum score of 2 suggests a relatively lower indication of short-term positive price trends. Despite this, Maruti Suzuki’s strong collaboration with Suzuki of Japan to pioneer affordable cars for the Indian market underscores its commitment to innovation and market adaptability, positioning it well for sustainable growth 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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Li Auto (LI) Earnings Boosted by 47% Increase in June Vehicle Deliveries

By | Earnings Alerts
  • Li Auto delivered 47,774 vehicles in June 2024.
  • This represents a 47% increase compared to June 2023.
  • The company now has a total of 497 stores, a 50% increase year-over-year.
  • In the second quarter of 2024, Li Auto’s deliveries totaled 108,581 units, marking a 25.5% increase from the previous year.
  • Cumulative vehicle deliveries reached 822,345 units as of June 30, 2024.
  • Li Auto’s shares rose by 2.8% in pre-market trading, reaching $18.38 with 10,219 shares traded.
  • Analysts’ ratings include 29 buys, 2 holds, and 1 sell.

Li Auto on Smartkarma

On Smartkarma, independent analysts Eric Wen and Ming Lu have provided insightful coverage of Li Auto. Wen’s bullish sentiment highlights Li Auto’s delayed BEV launch to 2025 in a competitive Chinese EV market, maintaining a buy rating due to its SUV niche, healthy margin, and ample cash. However, the target price has been adjusted from US$40 to US$25. On the other hand, Ming Lu‘s bearish view focuses on negative developments like operating profit turning negative, disappearance from the top-10 sales list, and slowing revenue growth to zero in April, suggesting a sell rating for the stock.

Additionally, Wen’s bullish perspective in another report emphasizes Li Auto’s strong performance in top-line, operating profit, and net income, with potential for increased exports. The report mentions possible challenges in gross margins if the sedan volume target is achieved, highlighting the complexities of the market. Meanwhile, Ming Lu‘s positive take on Li Auto’s high growth and profit in 4Q23 led to an upgrade to hold, citing a 136% revenue growth and outperforming operating profit compared to market consensus, positioning Li Auto as a winner in the market concentration shift.


A look at Li Auto Smart Scores

FactorScoreMagnitude
Value3
Dividend1
Growth5
Resilience5
Momentum2
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

Li Auto, a manufacturer of smart new energy electric SUVs in China, seems to have a promising long-term outlook based on its Smartkarma Smart Scores. With a high Growth and Resilience score of 5, the company demonstrates strong potential for expansion and the ability to weather market challenges. This indicates that Li Auto is well-positioned to capitalize on opportunities in the electric vehicle sector and maintain its operations efficiently.

While the Value score is moderate at 3, and the Dividend and Momentum scores are lower at 1 and 2 respectively, the overall positive assessment of Growth and Resilience suggests that Li Auto is a company with robust prospects for future development and sustainability in the competitive automotive industry. Investors may find Li Auto an appealing choice for long-term investment due to its high growth potential and resilience in the face of market 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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Mahindra & Mahindra (MM) Earnings: June Automotive Sales Surge to 69,397 Units, Reflecting 11% Growth

By | Earnings Alerts
  • Mahindra’s automotive sales for June 2024 reached 69,397 units.
  • Overall automotive sales showed an 11% growth compared to last year.
  • The company exported 2,597 automotive units in June 2024.
  • Passenger vehicle sales amounted to 40,022 units.
  • Commercial vehicle sales totaled 20,594 units.
  • Tractor sales for June 2024 reached 45,888 units.
  • Tractor exports in June 2024 stood at 1,431 units.
  • Analyst recommendations for Mahindra are: 35 buys, 4 holds, and 1 sell.

A look at Mahindra & Mahindra Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth5
Resilience2
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

In analyzing the long-term outlook for Mahindra & Mahindra, the Smartkarma Smart Scores paint a promising picture for the company. With a high score of 5 in Growth, Mahindra & Mahindra is positioned well for future expansion and development. This indicates that the company has strong potential for long-term growth opportunities in its core business areas.

Additionally, Mahindra & Mahindra received a solid score of 4 in Dividend, suggesting that the company has a good track record of rewarding its shareholders with stable dividend payments. However, there are areas to watch, such as the lower score of 2 in Resilience, indicating some potential vulnerabilities in terms of withstanding economic challenges. Overall, the combined scores reflect a predominantly positive outlook for Mahindra & Mahindra‘s future prospects.

**Summary of Mahindra & Mahindra Ltd.:** Mahindra & Mahindra Ltd. is a company that manufactures automobiles, farm equipment, and automotive components. Their product range includes commercial vehicles, passenger cars, agricultural tractors, and various types of engines.


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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Bajaj Auto Ltd (BJAUT) Earnings: June Vehicle Sales Surge by 5.1% Y/Y

By | Earnings Alerts
  • Bajaj Auto sold 358,477 vehicles in June 2024.
  • This marks a 5.1% increase compared to June 2023.
  • Motorcycle sales reached 303,646 units.
  • Motorcycle sales grew by 3.4% year over year.
  • Exports amounted to 142,026 units.
  • Export sales rose by 0.7% compared to last year.
  • Current analyst recommendations: 21 buys, 11 holds, 14 sells.

Bajaj Auto Ltd on Smartkarma

Analyst coverage of Bajaj Auto Ltd on Smartkarma is gaining attention. Pranav Bhavsar, in his recent report “Postcard from Agra | India’s 3W EV Adaptation On the Ground,” shares valuable insights into the rapid electrification of three-wheelers in Agra. This research delves into the on-ground dynamics, particularly in tier 2 and tier 3 locations, providing a unique perspective on the evolving landscape of electric vehicles. Bhavsar’s bullish sentiment underscores the significant progress witnessed in the electrification of three-wheelers, highlighting key developments in this space.


A look at Bajaj Auto Ltd Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth3
Resilience4
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

When looking at the long-term outlook for Bajaj Auto Ltd, the company seems to have a promising future ahead. With a strong dividend score of 5, investors can expect consistent and potentially high dividend payouts over time. This indicates a stable financial standing and a commitment to rewarding shareholders. In addition, the company scores well in resilience, with a score of 4, suggesting that Bajaj Auto Ltd has the ability to withstand market fluctuations and economic challenges.

Although the value and growth scores are moderate at 2 and 3 respectively, the company still shows potential for sustainable performance. With a momentum score of 3, Bajaj Auto Ltd is showing signs of positive market momentum, which could translate into future growth opportunities. Overall, the combination of strong dividend payouts, resilience to market changes, and a hint of momentum bodes well for Bajaj Auto Ltd‘s long-term prospects in the competitive automotive industry.

Summary: Bajaj Auto Limited is a manufacturer and distributor of motorized two-wheeled and three-wheeled scooters, motorcycles, and mopeds.


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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Geely Auto (175) Earnings Skyrocket: 1Q Net Income Soars to 1.56B Yuan, Revenue Up 56% Y/Y

By | Earnings Alerts
  • Geely Auto‘s net income for the first quarter of 2024 is 1.56 billion yuan, a significant increase from 714 million yuan in the same quarter last year.
  • The company’s revenue has surged to 52.32 billion yuan, marking a 56% year-over-year growth.
  • Geely Auto‘s gross profit for 1Q 2024 stands at 7.15 billion yuan, up by 51% compared to the previous year.
  • Market analysts have largely positive outlooks on Geely Auto: 38 buy recommendations, 1 hold, and no sell recommendations.
  • Comparisons of these financial results are based on the company’s original disclosures from past periods.

A look at Geely Auto Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.4

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

Geely Auto, a passenger vehicles manufacturing company, appears to have a promising long-term outlook as indicated by its Smartkarma Smart Scores. With a solid Growth score of 4, the company is positioned well for future expansion and development. Additionally, Geely Auto demonstrates Resilience and Momentum with scores of 4 each, suggesting that it has the ability to adapt to market changes and maintain strong performance over time.

While the Dividend score is moderate at 2, the Value score of 3 indicates a fair valuation for the company. Overall, Geely Auto‘s positive scores in Growth, Resilience, and Momentum suggest a bright future ahead, potentially making it a favorable choice for investors seeking long-term growth opportunities in the 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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Mirvac Group (MGR) Earnings: FY Operating EPS Forecast Maintained with A$1 Billion Asset Sales Program

By | Earnings Alerts
  • Mirvac Group maintains its forecast for the full-year operating earnings per share (EPS) at A$0.14 to A$0.143.
  • Distribution per share is still expected to be at least A$0.105.
  • Mirvac has successfully completed about A$1 billion in asset sales.
  • The company has sold a roughly 66% interest in 55 Pitt Street to Mitsui Fudosan.
  • The total office development at 55 Pitt Street has an estimated end value of approximately A$2 billion.
  • Analyst ratings: 5 buys, 4 holds, 1 sell.

A look at Mirvac Group Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth2
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

Based on Smartkarma Smart Scores, Mirvac Group has a positive long-term outlook overall. With a high value and dividend score of 4, the company shows strong fundamentals and a commitment to rewarding shareholders. However, lower scores in growth and resilience at 2 suggest some challenges in these areas, indicating potential room for improvement in future strategies. The momentum score of 3 illustrates a moderate level of market momentum for Mirvac Group, signaling ongoing interest and activity surrounding the company.

Mirvac Group, an integrated Australian property group, boasts a well-rounded profile in both investment and development sectors. The company’s investment portfolio, Mirvac Property Trust, focuses on office, retail, and industrial assets while its development business engages in residential and commercial projects. This diversified approach positions Mirvac Group favorably in the property market, offering a mix of stability and growth potential for investors.


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