Category

Earnings Alerts

Apr 24
0

Svenska Handelsbanken AB (SHBA) Earnings Update: 1Q Net Interest Income Falls Short of Expectations

By | Earnings Alerts
  • Handelsbanken’s 1Q net interest income missed estimates, closing at SEK11.59 billion instead of the estimated SEK11.98 billion.
  • Sweden’s net interest income came in at SEK7.39 billion, below the estimated SEK7.8 billion.
  • The UK reported a net interest income of SEK2.63 billion, falling short of the estimated SEK2.72 billion.
  • Norway’s net interest income was SEK1.20 billion, slightly under the estimated SEK1.22 billion.
  • The bank’s net fee and commission income also fell short, closing at SEK2.75 billion against the estimated SEK2.84 billion.
  • Net income was SEK6.60 billion, just beneath the estimated SEK6.75 billion.
  • Total expenses overshoot the estimated SEK 6.09 billion to settle at SEK6.47 billion.
  • Common equity Tier 1 ratio movement was minimal, realised at 18.8% instead of the estimated 18.9%.
  • The Cost to Income Ratio is recorded at 42.2%.
  • Operating profit was SEK8.27 billion, below the estimated SEK9.32 billion.
  • Sweden’s operating profit after profit allocation was SEK6.50 billion, almost matching the estimate of SEK6.51 billion.
  • The UK’s operating profit after profit allocation was SEK1.41 billion, missing the estimated SEK1.59 billion.
  • Norway’s operating profit after profit allocation was SEK537 million.
  • Total income was SEK15.32 billion, just under the estimated SEK15.41 billion.
  • Sweden reported a total income of SEK9.96 billion, short of the estimated SEK10.15 billion.
  • The UK’s total income was slightly off the estimated SEK3 billion at SEK2.89 billion.
  • Norway reported a total income of SEK1.38 billion, not reaching the estimated SEK1.41 billion.
  • Historically, the bank’s stocks display a balanced mix of recommendations with 8 buys, 8 holds and 8 sells.

A look at Svenska Handelsbanken AB Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience2
Momentum4
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

Based on the Smartkarma Smart Scores, Svenska Handelsbanken AB seems to have a promising long-term outlook. With solid scores in Value, Growth, and Momentum, the company is positioned well for future growth and profitability. Its high Dividend score indicates a strong commitment to rewarding investors, while the lower Resilience score suggests some vulnerability to market fluctuations. Overall, Svenska Handelsbanken AB appears to be a competitive player in the banking sector.

Svenska Handelsbanken AB attracts deposits and offers a wide range of commercial banking services, including corporate finance, securities brokerage, and asset management. Operating in Europe, Asia, and the United States, the bank has established a significant presence in key markets. With a focus on value, growth, and momentum, Svenska Handelsbanken AB is positioned to continue its growth trajectory and deliver value to both customers and 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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Apr 24
0

Surpassing Expectations: HKEX (388) Earnings Report Shows 1Q Net Income Beat Estimates

By | Earnings Alerts
  • HKEX has posted a higher than expected net income in its first quarter earnings. The net income stands at HK$2.97 billion, surpassing the estimated HK$2.81 billion.
  • Revenue and other income for the quarter also exceeded predictions. HKEX reported a total of HK$5.20 billion, over the estimated HK$4.97 billion.
  • The Ebitda for the first quarter came in at HK$3.71 billion, outstripping the estimated HK$3.6 billion, based on two estimates.
  • On a day-to-day basis, HKEX processed an average of 8.55 million derivative contracts traded.
  • The analysis of HKEX‘s performance resulted in 26 buy recommendations, 3 hold recommendations and 2 sell recommendations.

HKEX on Smartkarma

Analysis by Daniel Tabbush on Smartkarma indicates a bearish sentiment towards Hong Kong Exchanges (HKEX). Tabbush highlights that a significant portion of HKEX‘s profit came from rising rates on cash deposits, which may reverse. Additionally, lower taxation has artificially inflated profit, with geopolitical risks and economic challenges in Hong Kong and China potentially dampening market interest. Tabbush questions the validity of HKEX‘s 6x price-to-book ratio in light of these concerns.

In a separate report, Brian Freitas also expresses a bearish view on HKEX, suggesting that worsening property transactions in Hong Kong reflect broader issues in the financial center. Freitas points out that Singapore Exchange (SGX) may present a more stable alternative to HKEX, with a stronger earnings outlook and higher return on equity. The analysis compares key financial metrics between the two exchanges, indicating a more favorable stance towards SGX over HKEX.

A look at HKEX Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience5
Momentum3
OVERALL SMART SCORE3.4

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

Based on the Smartkarma Smart Scores, Hong Kong Exchanges & Clearing Limited (HKEX) shows a promising long-term outlook. With a high Resilience score, indicating its ability to weather economic uncertainties and market fluctuations, HKEX is well-positioned to navigate challenging times. Additionally, the Growth score highlights the company’s potential for expansion and development in the future, showcasing a positive trajectory for investors.

Furthermore, HKEX‘s respectable Dividend score signifies a solid track record of distributing dividends to shareholders, enhancing its attractiveness for income-focused investors. Combined with a moderate Momentum score, suggesting a steady performance trend, HKEX presents itself as a compelling investment opportunity in the stock market. Overall, HKEX‘s unique position as the owner and operator of key exchanges in Hong Kong reinforces its significance in the 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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Apr 24
0

Aker BP ASA (AKRBP) Earnings Surpass Expectations with First Quarter Revenue and Ebitda Hit Estimates

By | Earnings Alerts
  • Aker BP 1Q revenue stands at $3.08 billion, matching the estimated value of $3.05 billion.
  • The Ebitda reported is at $2.79 billion, surpassing the estimated value of $2.68 billion.
  • The Ebit is at $2.19 billion.
  • The pre-tax income generated is at $2.09 billion, slightly higher than the estimated $2.07 billion.
  • A dividend per share of 60 cents has been declared.
  • The production cost per boe is $6.10, which is less than the estimated cost of $6.85.
  • Exploration expenses incurred are $68.2 million, lesser than the estimated $82.7 million.
  • The EPS is at 84 cents, higher than the estimated EPS of 73 cents.
  • The company’s net debt stands at $3.23 billion.
  • Average production calculated is 448,000 boe/d, higher than the estimated production of 438,143 boe/d.
  • There have been 13 buys, 10 holds, and 1 sell of Aker BP’s stock.

A look at Aker BP ASA Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth5
Resilience4
Momentum3
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

Aker BP ASA, an oil and gas exploration and production company operating mainly on the Norwegian Shelf, is poised for a favorable long-term outlook according to the Smartkarma Smart Scores. With top scores in Dividend and Growth, the company demonstrates strong potential for investor returns and expansion. Additionally, its high marks in Value and Resilience highlight a solid foundation and ability to weather market fluctuations. While Momentum scores slightly lower, the overall outlook for Aker BP ASA appears promising, making it a company to watch in the energy sector.

Aker BP ASA‘s impressive performance in the Smartkarma Smart Scores underscores its position as a robust player in the oil and gas industry. Emphasizing exploration and production, the company’s focus on petroleum resources on the Norwegian Shelf aligns with its strategic growth initiatives. With strong ratings across key factors such as Dividend, Growth, Value, and Resilience, Aker BP ASA stands out as a company with sound fundamentals and potential for sustained success in the long term, positioning it as an attractive option for investors seeking opportunities in the energy 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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Apr 24
0

China Overseas Land & Investment (688) Reports 14% Increase in 1Q Earnings; Industry-Low Net Gearing and Borrowing Costs Maintained

By | Earnings Alerts
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  • China Overseas Land reported a Q1 revenue of 36.5 billion yuan, marking a 14% increase from the same time period last year.
  • The operating profit of the company stood at 6.65 billion yuan, increasing slightly by 0.2% from the previous year.
  • Together with its associates and joint ventures, the group realized contracted property sales of 60.21 billion yuan.
  • The sales area corresponding to this revenue was 2.02 million square meters in Q1 2024.
  • The Group’s net gearing and borrowing costs have been maintained at an industry-low level.
  • 35 investment analysts recommended buying the company’s stocks, while none recommended holding or selling.
  • The comparisons to past results are based on values reported by the company from its original disclosures.

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A look at China Overseas Land & Investment Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience3
Momentum3
OVERALL SMART SCORE3.4

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

China Overseas Land & Investment Limited, a company that provides real estate services with a global customer base, is forecasted to have a positive long-term outlook based on Smartkarma Smart Scores. With a strong Value and Dividend score of 4 each, China Overseas Land & Investment demonstrates solid financial health and attractive return potential for investors. Although the Growth, Resilience, and Momentum scores are slightly lower at 3, indicating room for improvement in terms of growth opportunities and market performance, the overall outlook remains favorable for the company’s future prospects.

In summary, China Overseas Land & Investment Limited is positioned well within the real estate sector, with a reputable track record in developing, managing, and investing in commercial properties. The company’s high scores in Value and Dividend highlight its stability and income potential, while areas like Growth, Resilience, and Momentum suggest potential for enhancements that could further strengthen its position in the market over the long term.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Apr 24
0

Atlas Arteria (ALX) Earnings Report: Quarter 1 Shows Increased Toll Revenue Despite Traffic Decline

By | Earnings Alerts

  • Atlas Arteria reports 1Q Weighted Average Toll Revenue Year/Year increase of 2.9%.
  • The company experienced a slight decrease in Weighted Average Traffic Year/Year by 0.7%.
  • The fluctuation in year-on-year measurements is primarily due to weaker traffic performance at APRR following farmers’ strikes in France. These protests led to both road closures and motorway blockades for two weeks.
  • Despite lower traffic numbers than the previous year, the Chicago Skyway toll revenue saw an increase due to higher toll rates being implemented.
  • Based on the performance data, the consensus analyst rating for Atlas Arteria is mixed: 1 buy, 8 holds, and 2 sells.

A look at Atlas Arteria Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
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

Atlas Arteria Limited, an infrastructure developer and operator, has garnered positive feedback from the Smartkarma Smart Scores system, with high ratings in dividend, value, and growth. The company’s robust dividend score of 5 reflects its strong performance in rewarding its shareholders. With a value score of 4, Atlas Arteria showcases promising investment potential based on its current market position. Additionally, a growth score of 4 indicates a positive outlook for the company’s expansion and development projects.

Despite lower scores in resilience and momentum, with ratings of 3 each, Atlas Arteria remains well-positioned for long-term success in the infrastructure sector. The company’s global outreach and focus on constructing highways, roads, bridges, and tunnels contribute to its overall stability. Investors may find Atlas Arteria an attractive prospect for consistent dividends, growth opportunities, and solid value in the infrastructure market.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Apr 24
0

ASM Pacific Technology (522) Earnings Outperform Estimates with 1Q Net Income Triumph

By | Earnings Alerts
  • ASMPT Ltd’s net income for the first quarter stands at HK$179.9 million, which is a drop of 43% from last year. Despite this, it surpasses the estimate of HK$159.8 million.
  • Total revenue for the first quarter came out to HK$3.14 billion, a 20% decrease year on year (y/y), slightly below the estimate of HK$3.17 billion.
  • Semiconductor solutions contributed to the revenue with HK$1.38 billion, though this is an 11% y/y decrease. This is also lower than the estimated HK$1.45 billion.
  • Surface mount technology solutions generated revenue of HK$1.76 billion, down by 26% y/y, which beats the estimate of HK$1.69 billion.
  • The expenses for Research and Development (R&D) were recorded at HK$458.7 million, a decrease of 5.6% y/y, which is lower than the estimate of HK$466.1 million.
  • The gross margin for ASMPT Ltd improved to 41.9% from last year’s 40.4%. It is also higher than the estimated figure of 40.1%.
  • For the second quarter, ASMPT Ltd expects a revenue of between $380 million to $440 million, which is below the estimated $470.8 million.
  • Analysts’ ratings for ASMPT Ltd shares included 19 buys, 4 holds, and 1 sell.

A look at ASM Pacific Technology Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience4
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

ASM Pacific Technology Limited, a leading manufacturer of semiconductor back end equipment, is poised for a promising long-term outlook based on the Smartkarma Smart Scores. With a strong momentum score of 5, the company demonstrates excellent potential for growth and performance in the future. Additionally, ASM Pacific Technology‘s high resilience score of 4 indicates its ability to withstand market fluctuations, providing stability to investors. While the value and dividend scores are moderate at 2, the growth score of 3 reflects opportunities for expansion and development within the industry.

Specializing in the production of assembly equipment, packaging equipment, and surface mount technology equipment, ASM Pacific Technology caters to various sectors including microelectronics, semiconductor, and optoelectronics. The company’s diversified product range positions it well for continued success in the evolving semiconductor market. By scoring favorably in key areas such as momentum and resilience, ASM Pacific Technology stands out as a reliable and forward-looking investment option for those eyeing long-term growth potential.

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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Apr 24
0

Fortescue Metals (FMG) Earnings Highlight: 3Q Iron Ore Shipments at 43.3M tons Amid Solid Financial Performance

By | Earnings Alerts
  • Fortescue reported iron ore shipments totaling 43.3 million tons in the 3rd Quarter.
  • The average revenue per dry metric ton (dmt) of Pilbara Hematite stands at $104.48.
  • Ore mining for the company totaled 46.6 million tons.
  • The company holds a cash balance of $4.1 billion.
  • Net debt was recorded to be $1.2 billion.
  • The C1 cost per wet metric ton (wmt) of Pilbara Hematite was $18.93.
  • Currently, Fortescue has 0 buys, 5 holds, and 10 sells.

Fortescue Metals on Smartkarma

Analyst coverage of Fortescue Metals on Smartkarma by Sameer Taneja highlights a cautious stance with a bearish lean. In the report titled “Fortescue Metals (FMG AU): 8% Yield At Spot Price With Risks, Wait For Better Entry Point,” Taneja points out that Fortescue is trading at 9.6x PE on the current spot price of 130 USD/ton with a 7% dividend yield. The analyst suggests waiting for a better entry point due to potential risks related to iron ore corrections, share price fluctuations, and challenges in green energy initiatives to achieve zero emissions. Despite Fortescue’s attractive dividend yield in the 8-10% range for commodities, Taneja advises a cautious approach.

A look at Fortescue Metals Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth3
Resilience3
Momentum3
OVERALL SMART SCORE3.4

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

According to Smartkarma Smart Scores, Fortescue Metals Group Ltd. is rated highly for its dividend with a score of 5. This indicates a positive outlook for investors looking for steady income from their investments. Additionally, the company scores well in areas of resilience, growth, and momentum, all receiving scores of 3. This suggests that Fortescue Metals is positioned to weather market fluctuations and has potential for growth and positive momentum.

While Fortescue Metals Group Ltd. may not score as high in terms of value compared to other factors, with a score of 3, its strong performance in dividend, along with decent scores in growth, resilience, and momentum, paint a favorable long-term outlook for the company. With its primary focus on exploring and producing iron ore globally, Fortescue Metals shows promise for investors seeking stable returns and potential growth opportunities in the mining 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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Apr 24
0

Analysis of Mineral Resources (MIN) Earnings: 3Q Total Iron Ore Shipments Highlight Improved Performance

By | Earnings Alerts
  • Total iron ore shipments for Mineral Resources in its 3rd quarter totalled 4.53 million wmt.
  • Mining services volumes reached 69 million tons.
  • Investment ratings for the company show 8 buy recommendations, 7 hold recommendations and 3 sell recommendations.

A look at Mineral Resources Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE2.6

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

Analysts at Smartkarma believe that the long-term outlook for Mineral Resources Ltd. is positive, based on their comprehensive Smart Scores assessment. With a strong Momentum score of 4, indicating a high level of market performance, the company is expected to continue its upward trajectory. Additionally, the Growth score of 3 suggests that Mineral Resources has promising prospects for expansion and development in the foreseeable future. While the Value, Dividend, and Resilience scores are not as high, the overall outlook remains optimistic for the company offering contract crushing services to the mining industry in Australia.

Mineral Resources Ltd. is well-positioned in the market, serving various sectors including gold, iron ore, tantalum, and coal companies. Its diverse portfolio and expertise in contract crushing services contribute to its overall positive outlook, especially with a solid Momentum score of 4 indicating strong market performance. With a Growth score of 3, the company is expected to continue expanding and exploring new opportunities. While there may be room for improvement in Value, Dividend, and Resilience scores, Mineral Resources shows promise for long-term growth and sustainability in the Australian mining 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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Apr 24
0

Carrefour SA (CA) Earnings: A Profound Analysis of 1Q Gross Sales Including Petrol and Ex-Petrol

By | Earnings Alerts
  • Carrefour Brasil has reported 1Q Gross Sales including petrol, amounting to R$27.79 billion.
  • The gross sales excluding petrol comes around at a substantial R$26.97 billion.
  • The company showed a noteworthy increase in Total Gross Merchandise Value, which rose by 52%.
  • Carrefour Brasil currently operates 1,074 total stores nationwide.
  • The firm has received positive reception from market analysts, with 8 buys and 8 holds, and notably, 0 sells.

A look at Carrefour SA Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
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

Carrefour SA, a leading retail giant with operations across Europe, the Americas, and Asia, is projected to have a promising long-term outlook based on the Smartkarma Smart Scores. The company has received strong scores across key factors, including Value, Dividend, and Growth, reflecting its solid performance in these areas. This suggests a positive stance on Carrefour’s financial health, shareholder returns through dividends, and potential for future growth.

While Carrefour demonstrates strength in several aspects, its Resilience and Momentum scores indicate areas for potential improvement. Despite these lower scores, the overall outlook remains optimistic, with the company positioned well for long-term success in the competitive retail industry. Investors may find Carrefour SA to be a valuable asset in their portfolio, given its strong fundamentals and growth potential in the global market.

### Carrefour SA operates chains of supermarkets, hypermarkets, discount, cash and carry, and frozen food stores in Europe, the Americas, and Asia. ###

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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Apr 24
0

Steel Dynamics (STLD) Earnings Reveal 1Q Adjusted Ebitda Beats Estimates: Comprehensive Overview

By | Earnings Alerts
  • Steel Dynamics‘ first quarter Adjusted Ebitda surpassed estimates, reaching $878.6 million against the estimate of $861.6 million.
  • The reported Earnings Per Share (EPS) is $3.67.
  • Net sales amounted to $4.69 billion, slightly below the estimated $4.74 billion.
  • Steel net sales were $3.37 billion, not too far off from the estimated $3.39 billion.
  • Steel fabrication net sales, which sat at $447.2 million, fell short of the projected $462 million.
  • Metals recycling net sales exceeded expectations, totalling $569.5 million against the estimate of $539.7 million.
  • Other products net sales were at $311.1 million, just slightly below the estimated $312.5 million.
  • Ferrous shipments reached 1.45 million tons, greatly beating the estimate of 529,780 tons.
  • Nonferrous shipments also exceeded expectations at 289.44 million pounds, against an estimate of 278.82 million pounds.
  • Steel fabrication shipments came to 143,842 tons, near the estimated 145,252 tons.
  • The cash flow from operations was lower than expected, at $355.2 million instead of the estimated $426.2 million.
  • An increase in earnings over the previous quarter is attributed to the steel and metals recycling businesses, alongside continued strong results from the steel fabrication operations.
  • Analysts have presented mixed opinions, with 3 buys, 6 holds, and 4 sells.

Steel Dynamics on Smartkarma

Analyst coverage of Steel Dynamics on Smartkarma has been quite bullish, as highlighted by reports from Baptista Research. In their report titled “Steel Dynamics: Can The Robust Demand and Favorable Market Conditions Catalyze Growth in 2024? – Major Drivers,” the investment thesis revolves around the company’s strong operational performance and strategic advantages over competitors. Steel Dynamics boasted record safety achievements and impressive steel shipments, reaching 12.8 million tons in the Q4 and FY2023 earnings call. The company also reported its second-best year for revenues at $18.8 billion and cash flow from operations at $3.5 billion.

Another report from Baptista Research, titled “Steel Dynamics Inc.: Transformative Growth Initiatives Unveiled! – Major Drivers,” provides insights on the company’s performance. Despite mixed results in the quarter, with revenues surpassing expectations but earnings falling short, Steel Dynamics, Inc. showed resilience. The third quarter saw revenues of $4.6 billion and operating income of $734 million, slightly lower than the previous quarter due to pricing challenges in steel and steel fabrication. The company’s steel operations remained robust, generating an operating income of $474 million in the third quarter.

A look at Steel Dynamics Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
Resilience3
Momentum5
OVERALL SMART SCORE3.6

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

Steel Dynamics, Inc. is positioned for strong long-term growth, according to Smartkarma Smart Scores. With top marks in Growth and Momentum, the company is showing robust potential for expansion and market performance. Utilizing a diversified approach as a carbon-steel producer and metals recycler in the U.S., Steel Dynamics is well-positioned to capitalize on increasing demand in the steel industry. Additionally, the company’s high scores in Resilience indicate a solid ability to weather economic fluctuations, providing a stable foundation for future growth.

While Steel Dynamics scores lower in Value and Dividend factors, the company’s strengths in Growth and Momentum overshadow these aspects, highlighting a positive long-term outlook. As a leading player in the industry with a wide range of products including flat rolled steel sheet and structural beams, Steel Dynamics is set to maintain its upward trajectory and deliver value to investors in the coming years.

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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