Category

Earnings Alerts

PTT PCL (PTT) Earnings: 2Q Net Income Surpasses Estimates with 35.47 Billion Baht

By | Earnings Alerts
  • PTT Public 2Q Net Income: 35.47 billion baht
  • Estimated Net Income: 31.13 billion baht
  • Earnings Per Share (EPS): 1.25 baht
  • Estimated EPS: 1.01 baht
  • Analyst Ratings: 14 buys, 10 holds, 3 sells

A look at PTT PCL Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience3
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

PTT Public Company Limited, an oil and gas company based in Thailand, has received promising Smart Scores indicating a robust long-term outlook. With solid scores of 4 in Value, Dividend, Growth, and Momentum, PTT PCL demonstrates strong fundamentals across various key factors. Although scoring slightly lower with a 3 in Resilience, the company’s overall outlook appears positive and well-rounded.

PTT PCL‘s operations focus on producing, transporting, and selling a range of energy products including natural gas, crude oil, lubricants, aviation, marine, and petrochemical products. Additionally, the company provides services such as fleet cards, storage, and electronic bill presentment. With its favorable Smart Scores, PTT PCL seems poised for continued growth and stability in the oil and gas 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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Foxconn Technology Corp (2354) Earnings: 1H Net Income Hits NT$1.71 Billion, EPS NT$1.21

By | Earnings Alerts
  • Net Income: Foxconn Technology reported a net income of NT$1.71 billion for the first half of 2024.
  • Operating Profit: The company’s operating profit stood at NT$483.3 million during this period.
  • Earnings Per Share (EPS): Foxconn Tech recorded an EPS of NT$1.21.
  • Revenue: Total revenue for the first half of the year was NT$22.36 billion.
  • Analyst Recommendations: There was 1 hold and 1 sell recommendation for Foxconn Technology, with no buy recommendations.

A look at Foxconn Technology Corp Smart Scores

FactorScoreMagnitude
Value5
Dividend3
Growth3
Resilience5
Momentum4
OVERALL SMART SCORE4.0

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 the Smartkarma Smart Scores, Foxconn Technology Corp has received high ratings for its value and resilience, both scoring a 5. This indicates that the company is considered to be undervalued and has solid financial health to weather economic uncertainties. However, its dividend and growth scores are moderate at 3, suggesting room for improvement in these areas. Additionally, with a momentum score of 4, Foxconn is showing steady performance in the market.

As a global engineering solutions partner specializing in lightweight, eco-friendly casing and mechanical parts, heat dissipation modules, and electronics components, Foxconn Technology Corp is positioned to leverage its strengths in the long term. With a strong emphasis on value and resilience, coupled with a decent momentum, the company appears to have a promising outlook for the future as it continues to innovate and adapt to changing market conditions.


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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Emera Inc (EMA) Earnings: 2Q Adjusted Basic EPS Falls Short of Expectations

By | Earnings Alerts
  • Emera’s adjusted basic EPS for Q2 is C$0.53, missing the estimate of C$0.58 and down from C$0.60 year-over-year.
  • The company’s adjusted net income for Q2 is C$151 million, which is a 6.8% decrease year-over-year and below the estimated C$170.8 million.
  • Florida Electric Utilities reported an adjusted net income of C$187 million, reflecting a 5.6% increase year-over-year, close to the estimate of C$187.8 million.
  • Canadian Electric Utilities reported an adjusted net income of C$42 million, down 14% year-over-year, with an estimate of C$47.5 million.
  • Gas Utilities & Infrastructure reported an adjusted net income of C$44 million, up 16% year-over-year, slightly missing the estimate of C$45.1 million.
  • Other Electric Utilities reported an adjusted net income of C$8 million, down 20% year-over-year.
  • Other adjusted segments reported a net loss of C$130 million, which is a 16% improvement year-over-year but higher than the estimated loss of C$117.5 million.
  • Analyst ratings for Emera are comprised of 5 buys, 5 holds, and 2 sells.

A look at Emera Inc 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

Emera Inc. has shown strong performance in key areas according to Smartkarma Smart Scores. With high scores in Value and Dividend, the company is positioned well for long-term stability and returns. The momentum score also indicates positive investor sentiment, reflecting confidence in Emera’s future prospects. However, there are areas for potential improvement, such as Growth and Resilience scores being slightly lower. Overall, Emera Inc. appears to be a solid investment choice with a positive outlook based on these scores.

Emera Inc. is a company that provides diversified energy and services, mainly operating in Nova Scotia, Canada. Its offerings range from electric generation, transmission, and distribution to the provision of bunker oil, diesel fuel, and light fuel. Moreover, Emera plays a key role in delivering Sable Island natural gas to markets in Maritime Canada and the northeastern United States. With its strategic positioning and strong performance in several key areas indicated by the Smartkarma Smart Scores, Emera Inc. shows promise for long-term growth and stability 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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Guangzhou Automobile Group (2238) Earnings: July NEV Sales Plunge by 32% Y/Y

By | Earnings Alerts
  • In July 2024, Guangzhou Auto sold 33,880 New Energy Vehicles (NEVs).
  • This represents a 32% decrease compared to NEV sales in July 2023.
  • Total vehicle sales for Guangzhou Auto in July 2024 were 141,196 units.
  • This marks a 25% decrease in total vehicle sales year-over-year.
  • Investor recommendations are currently:
    • 15 analysts suggest buying the stock.
    • 8 analysts suggest holding the stock.
    • 1 analyst recommends selling the stock.

Guangzhou Automobile Group on Smartkarma

Analyst coverage of Guangzhou Automobile Group on Smartkarma has been positive recently, with top independent analysts like Ming Lu and Travis Lundy offering bullish insights. Ming Lu‘s report on China Consumption Weekly highlights key events in the consumer sector, mentioning positive developments for companies like GAC Honda Automobile Ltd. Despite challenges such as planned employee dismissals at GAC, the overall sentiment remains optimistic, particularly regarding GMV growth for companies like Kuaishou and Bilibili during special sales events.

Additionally, Travis Lundy‘s analysis in the A/H Premium Tracker report indicates a rebound in favorable trades, especially related to A/H premia. The report details the significant performance gains in the Quiddity Portfolio and suggests a potential correction in A/H premia levels. With a focus on tracking premium positioning and buying trends, the research provides valuable insights for investors interested in the dynamics of the A/H market and its impact on companies like Guangzhou Automobile Group.


A look at Guangzhou Automobile Group Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE4.4

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

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Based on the Smartkarma Smart Scores, Guangzhou Automobile Group Company has received high ratings across key factors including Value and Dividend, both scoring the maximum of 5. This indicates that the company is considered to be of excellent value with strong dividend potential, making it an attractive investment option for long-term investors seeking stable returns.

Moreover, with above-average scores in Growth, Resilience, and Momentum, Guangzhou Automobile Group shows promise for future expansion and sustainability in the market. These scores suggest that the company is well-positioned to capitalize on growth opportunities while maintaining its resilience and building positive momentum within the industry. Overall, Guangzhou Automobile Group‘s strong performance across these factors bodes well for its long-term outlook in the automotive market.

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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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Berger Paints India (BRGR) Earnings: 1Q Net Income Surpasses Estimates Despite Revenue Miss

By | Earnings Alerts
  • Berger Paints reported a net income of 3.54 billion rupees for 1Q 2024.
  • This net income is the same as 1Q 2023 and beat the estimate of 3.44 billion rupees.
  • The company’s revenue for the quarter was 30.9 billion rupees, showing a 2% year-over-year increase.
  • This revenue figure fell short of the estimated 31.32 billion rupees.
  • Total costs for the quarter rose by 3.9% year-over-year, reaching 26.7 billion rupees.
  • EBITDA was reported at 5.22 billion rupees, marking a 6.3% decrease from the previous year and below the estimate of 5.49 billion rupees.
  • CEO Abhijit Roy mentioned double-digit volume growth and the highest market share gain in a single quarter.
  • Analyst recommendations include 3 buys, 5 holds, and 15 sells.

Berger Paints India on Smartkarma



Analyst coverage of Berger Paints India on Smartkarma is leaning towards a bearish sentiment, as highlighted by Brian Freitas in his report titled “NIFTY100 Low Volatility 30 Index Rebalance Preview: Four Changes in September.” The report discusses potential constituent changes, volatility adjustments, and capping modifications that could lead to a significant turnover and trade volume. Freitas points out that the review period for the Nifty 100 Low Volatility 30 Index concludes in August, with announcements expected in mid-September and implementation by the end of September. Notably, three out of the four potential deletions are attributed to changes in the index universe, triggering selling pressure from other passive trackers as well.



A look at Berger Paints India Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience4
Momentum2
OVERALL SMART SCORE2.8

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

Based on the Smartkarma Smart Scores, Berger Paints India shows a promising long-term outlook. With a score of 4 for Resilience, the company demonstrates a strong ability to withstand economic challenges and maintain stability over time. This indicates a solid foundation that can help Berger Paints India navigate fluctuations in the market.

Additionally, its scores of 3 for Dividend and Growth reflect a balanced approach to rewarding shareholders and investing in expansion opportunities. While there is room for improvement in the Value and Momentum categories with scores of 2, the overall outlook for Berger Paints India appears optimistic, positioning the company well for sustained growth in the paint manufacturing 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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Eva Airways (2618) Earnings: 1H Net Income Surges to NT$12.50 Billion

By | Earnings Alerts
  • Net Income: Eva Air reported a net income of NT$12.50 billion in the first half of 2024.
  • Operating Profit: The operating profit for the same period was NT$16.72 billion.
  • Revenue: The company’s revenue reached NT$107.29 billion.
  • Earnings Per Share (EPS): Earnings per share stood at NT$2.31.
  • Analyst Recommendations: There are 7 buy recommendations, 5 hold recommendations, and 0 sell recommendations for Eva Air.

A look at Eva Airways Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth5
Resilience4
Momentum4
OVERALL SMART SCORE4.4

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, Eva Airways is positioned for a promising long-term outlook. With a strong score of 5 in both Dividend and Growth categories, the company shows robust potential for generating returns for investors over time. Additionally, it excels in Resilience and Momentum with scores of 4, indicating steady performance and positive market sentiment towards the company.

EVA Airways Corp., a Taiwan-based air carrier with a global reach, stands out for its solid performance across key financial metrics. Serving routes across North America, Asia, Europe, and Australasia, the company has established itself as a reliable player in the aviation industry. With high scores in Value, Dividend, Growth, Resilience, and Momentum, Eva Airways showcases strength and competitiveness in the market 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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Mediatek Inc (2454) Earnings July: Sales Surge by 43.6% to NT$45.61 Billion

By | Earnings Alerts
  • Impressive Monthly Sales: MediaTek reported sales of NT$45.61 billion for July 2024.
  • Significant Growth: Sales increased by 43.6% compared to the previous period.
  • Analyst Ratings: The company has 20 buy ratings and 9 hold ratings, with no sell ratings.

Mediatek Inc on Smartkarma

Analyst coverage on Smartkarma for Mediatek Inc offers diverse perspectives. Patrick Liao‘s analysis on Mediatek (2454.TT) suggests a lack of optimism in the short term, with a projected 3Q24 sales range of NT$123.5-132.4bn but hints at future potential through partnerships and technological advancements with NVDA for auto chips in 2025.

Contrastingly, Vincent Fernando, CFA, adopts a more bullish stance in his report on Mediatek, highlighting the company’s success in surpassing earnings expectations in 2Q24 and maintaining strong revenue guidance for the mid-term, indicating a positive outlook for 2025E and 2026E. These varied insights provide investors with a comprehensive view of the company’s performance and future prospects.


A look at Mediatek Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth4
Resilience4
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

MediaTek Inc., a fabless semiconductor company specializing in wireless communications and digital multimedia solutions, holds promising long-term potential according to Smartkarma Smart Scores. With a strong emphasis on delivering dividends to its investors, it has garnered a top score in this category, indicating a solid commitment to rewarding shareholders. Additionally, scoring well in growth, resilience, and momentum, MediaTek Inc. showcases robust capabilities for expansion, adaptability to challenges, and a favorable market performance, respectively. These scores collectively position MediaTek Inc. as a company with a positive outlook for the future.

Specializing in SOC system solutions for a range of tech products including wireless communications, high-definition TV, optical storage, DVD, and Blu-ray, MediaTek Inc. offers a diverse portfolio within the semiconductor industry. With top ratings for dividend payouts and strong scores in growth, resilience, and momentum, MediaTek Inc. demonstrates a well-rounded approach that suggests stability and potential growth in the coming years. Investors looking for a company with a solid financial track record and growth prospects may find MediaTek Inc. a compelling choice based on its Smartkarma Smart Scores.


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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Sunny Optical Technology Group (2382) Earnings: July Handset Lens Set Shipments Reach 115.47M

By | Earnings Alerts
  • Handset lens set shipments reached 115.47 million units in July.
  • Vehicle lens set shipments stood at 8.81 million units for the same period.
  • Shipments of handset camera modules totaled 43.90 million units in July.
  • Investor sentiment remains strong with 37 buys, 6 holds, and 0 sells.

Sunny Optical Technology Group on Smartkarma

Analysts on Smartkarma are closely monitoring Sunny Optical Technology Group‘s performance and providing valuable insights for investors. David Mudd, in his report “BUY/SELL/HOLD: Hong Kong Stock Updates (July 22)“, highlights Sunny Optical’s positive profit alert and growth in the auto lens business, rating the company as a BUY. He also mentions that analysts view Sunny Optical as undervalued, trading about 30% below their estimated target price.

Trung Nguyen‘s report, “Sunny Optical – Earnings Flash – FY 2023 Results – Lucror Analytics“, while acknowledging a decline in revenue and profit for FY 2023, is optimistic about the company’s future. Despite challenges in handset-related product shipments, Sunny Optical maintained a healthy financial position with positive free cash flow. Nguyen projects a rebound in revenue and earnings growth for FY 2024, supported by a recovering smartphone market and continuous shipment volume growth. The overall sentiment leans towards a positive outlook for Sunny Optical Technology Group.


A look at Sunny Optical Technology Group Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth2
Resilience4
Momentum2
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

Smartkarma’s Smart Scores for Sunny Optical Technology Group indicate a mixed long-term outlook. With a Value score of 3, the company is assessed as moderately valued, suggesting potential opportunities for growth but not necessarily undervalued. In terms of Dividend and Growth, Sunny Optical received scores of 2, indicating that its dividend yield and growth prospects are not the strongest factors driving investment decisions.

On the positive side, the company scored a solid 4 for Resilience, implying that Sunny Optical Technology Group is well-equipped to weather market fluctuations and economic uncertainties. However, with a Momentum score of 2, the company may not be experiencing strong market momentum compared to its peers. Overall, despite some areas of strength, investors may need to carefully weigh the different factors before making investment decisions in Sunny Optical Technology Group.


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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Pal Holdings (PAL) Earnings: Philippine Airlines Reports 2Q Net Income of $41M Amid Growth Strategy

By | Earnings Alerts
  • Philippine Airlines posted a net income of $41 million for the second quarter of 2024.
  • For the first half of 2024, the airline’s net income totaled $122 million.
  • First-half operating income was reported at $182 million.
  • Total revenue for the first half of 2024 reached $1.6 billion.
  • During the first half, Philippine Airlines carried a total of 7.9 million passengers.
  • Capital expenditures for the first half amounted to $157 million, mostly allocated for aircraft purchases.
  • Second-quarter revenue was down 4% year over year, amounting to $787 million, affected by yield pressures due to increased market capacity.
  • Capital expenditures rose to $157 million, primarily for aircraft acquisitions, maintenance, and cabin upgrades.
  • Philippine Airlines is continuing its transformative growth strategy, as highlighted by PAL Holdings President and COO, Lucio Tan III.
  • Facing industry-wide challenges such as demand-capacity re-balancing and supply chain issues, Philippine Airlines is focused on disciplined investments to upgrade its fleet, according to President and COO Stanley Ng.
  • Second-quarter operating income was $64 million, but higher costs due to increased flying and maintenance activities negatively impacted it.
  • Passenger volume for the first half of 2024 increased by 13%, totaling 7.9 million passengers.
  • PAL’s debt-to-equity ratio improved to 2.06x; total debt declined to $1.6 billion, while equity increased to $763 million.

A look at Pal Holdings Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience2
Momentum5
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

Pal Holdings, Inc., a company specializing in air transportation services both locally and internationally, exhibits a mixed bag of Smart Scores. With a strong Growth score of 4 and Momentum at a high 5, the company shows promising signs of expansion and market performance. However, its Value and Resilience scores, standing at 2 each, suggest a need for a closer look at its financial stability and investment potential. The Dividend score of 1 indicates a lower focus on dividend payouts, appealing more to growth-oriented investors.

Despite the varied Smart Scores, Pal Holdings, Inc. appears to have substantial growth potential in the long term, supported by its robust growth and momentum indicators. Investors seeking capital appreciation might find the company attractive based on these scores. However, considerations around its value and resilience should be factored in for a more holistic investment decision. Pal Holdings‘ extensive route network and international presence offer strategic advantages, positioning it for further growth opportunities in the air transportation 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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Info Edge India (INFOE) Earnings Meet Estimates with 16% YoY Net Income Growth in 1Q

By | Earnings Alerts





Listicle

  • Info Edge India reported a net income of 2.32 billion rupees in 1Q 2024, a 16% increase year-over-year, meeting estimates of 2.3 billion rupees.
  • Revenue for the quarter was 6.39 billion rupees, up 9.4% year-over-year, slightly above the estimate of 6.37 billion rupees.
  • Recruitment solutions revenue came in at 4.72 billion rupees, a 5.8% increase year-over-year but just under the estimate of 4.74 billion rupees.
  • The 99acres segment experienced robust growth with revenue of 987.9 million rupees, a 20% year-over-year increase, though just below the estimate of 1 billion rupees.
  • Revenue from other segments surged by 24% year-over-year to 685.9 million rupees, surpassing the estimate of 627.9 million rupees.
  • Other income jumped 33% year-over-year, reaching 769.7 million rupees.
  • Total costs for the quarter were 4.12 billion rupees, up 9.9% compared to the same period last year.
  • Analyst recommendations: 15 buys, 3 holds, and 3 sells.



A look at Info Edge India Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth2
Resilience4
Momentum4
OVERALL SMART SCORE3.2

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

Info Edge India, operating online job posting and matrimonial websites, has a mixed long-term outlook based on Smartkarma Smart Scores. With an average Value and Dividend score of 3, the company shows stability in its financials and shareholder returns. However, its Growth score of 2 reflects some challenges in expanding its business. On the bright side, Info Edge India scores high on Resilience and Momentum with scores of 4, indicating a strong ability to weather market uncertainties and maintain positive stock performance. Overall, the company seems well-positioned to withstand economic fluctuations and capitalize on market opportunities.

In summary, Info Edge India Limited, with its focus on online job postings and matrimonial services, shows a moderate-to-positive outlook according to the Smartkarma Smart Scores. While facing some growth challenges, the company demonstrates resilience and momentum in navigating the market environment. Investors may find Info Edge India an attractive option considering its balanced performance across different factors evaluated by the Smart Scores.


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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