Category

Earnings Alerts

Beijing Oriental Yuhong A (002271) Earnings: FY Net Income Misses Estimates Despite Increased Revenue & R&D Expenses

By | Earnings Alerts
  • Oriental Yuhong’s net income stood at 2.27 billion yuan, showcasing a year-on-year growth of 7.2%, but missed the estimated 3.42 billion yuan.
  • The company’s revenue hit 32.82 billion yuan, indicating a year-on-year rise of 5.2%, however it fell short of the anticipated 35.21 billion yuan.
  • A final dividend for each share was announced to be 60 RMB cents.
  • The capital expenditure of the brand was 1.88 billion yuan, which was less than the estimated 2.2 billion yuan.
  • R&D expenses incurred by the company for the financial year came to 605.7 million yuan, revealing an 8.9% year-on-year growth, marginally lower than the expected 607.8 million yuan.
  • In terms of stock advice, it showcased 28 buys, 1 hold and 0 sells.
  • All comparisons to past data were calculated on company values sourced from the company’s original disclosures.

A look at Beijing Oriental Yuhong A Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience3
Momentum2
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

Beijing Oriental Yuhong Waterproof Technology Company Ltd. specializes in manufacturing asphalt waterproof membranes. These products play a crucial role in various infrastructure projects, such as roofing, roads, bridge decks, and railroad bridges and culverts.

When considering the long-term outlook for Beijing Oriental Yuhong A utilising the Smartkarma Smart Scores, the company’s overall performance is decent. With a strong Value score and reasonable scores in Dividend, Growth, Resilience, and Momentum, Beijing Oriental Yuhong A seems to be positioned well for sustained growth and stability in the market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Earnings Review: Shanxi Lu’An Environmental Energy Dev.Co (601699) Reports 1Q Net Income of 1.29B Yuan with 12 Buys, 0 Holds, 0 Sells

By | Earnings Alerts
  • We reported a hefty net income of 1.29 billion yuan for the first quarter at Shanxi Lu’an Env.
  • The generated revenue for the same period stood impressively at 8.66 billion yuan.
  • The company is currently highly favoured by investment analysts, with 12 of them advocating to buy its stocks while none suggest holding or selling.

A look at Shanxi Lu’An Environmental Energy Dev.Co Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth5
Resilience5
Momentum4
OVERALL SMART SCORE4.6

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

Shanxi Lu’An Environmental Energy Development Co. is positioned for a positive long-term outlook based on the Smartkarma Smart Scores. With high scores in Dividend, Growth, Resilience, and solid scores in Value and Momentum, the company appears well-rounded and financially robust. This suggests that Shanxi Lu’An Environmental Energy Dev.Co is not only providing value for investors but also demonstrating strong potential for growth and resilience in the market.

As a company that mines, processes, and markets low sulfur high-quality coal while also focusing on coal and environment protection technologies, Shanxi Lu’An Environmental Energy Dev.Co seems well-equipped to navigate challenges and capitalize on opportunities in the industry. The combination of strong financial metrics and a dedication to innovation positions the company favorably for sustainable growth and shareholder returns in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Earnings Update: Inner Mongolia Baotou Steel Union (600010) Posts FY Net Income of 515.3M Yuan

By | Earnings Alerts
  • BaoTou Steel’s financial year net income stands at 515.3 million yuan.
  • The company has reported revenue of 70.57 billion yuan.
  • In investments, there have been 2 buys related to the company, with no holds or sells.

A look at Inner Mongolia Baotou Steel Union Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth5
Resilience2
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

Inner Mongolia Baotou Steel Union is showing a positive long-term outlook based on the Smartkarma Smart Scores. With a high Growth score of 5, the company is positioned well for future expansion and development in the industry. Additionally, the Value score of 4 indicates that the company is considered to be fundamentally strong and undervalued in the market. Momentum, another key factor, is rated at 4, suggesting consistent positive market performance and investor interest. However, weaknesses in dividend and resilience scores may pose some challenges for the company in the long run.

Inner Mongolian Baotou Steel Union Co., Ltd. is primarily focused on smelting and processing ferrous metal products, including a diverse range of steel products such as plates, tubes, steel scraps, and more. The company’s strong emphasis on growth, supported by its high Growth and Momentum scores, paints a promising picture for its future prospects in the competitive steel 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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Huizhou Desay Sv Automotive (002920) Earnings: 1Q Revenue Misses Estimates, Falls Short of Predicted Earnings

By | Earnings Alerts
  • The company, Huizhou Desay Sv, reported its 1Q revenue, which was lesser than the estimated revenue.
  • The firm’s reported revenue stands at 5.65 billion yuan, which is below the expected 6.29 billion yuan.
  • The net income reported by Huizhou Desay Sv is 384.8 million yuan.
  • The company reported an Earnings Per Share (EPS) of 70 RMB cents.
  • The current market sentiment for Huizhou Desay Sv includes 30 buys, 3 holds, and 2 sells.

A look at Huizhou Desay Sv Automotive Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience3
Momentum5
OVERALL SMART SCORE3.4

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

Based on the Smartkarma Smart Scores, Huizhou Desay Sv Automotive is positioned for long-term growth and positive momentum in the automotive parts industry. With strong scores in Growth and Momentum, the company is showing promising signs of expansion and market interest. The high Growth score indicates potential for increased market share and product demand, while the Momentum score suggests a positive trend in stock performance.

Huizhou Desay Sv Automotive’s focus on innovation and technological advancements in manufacturing automotive parts aligns well with its Growth and Momentum scores. Furthermore, the company’s product range, including vehicle infotainment systems and driver assistance systems, caters to the evolving needs of the automotive market in China. This strategic positioning, coupled with a decent Resilience score, signifies resilience in the face of market challenges, making Huizhou Desay Sv Automotive a company to watch in the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Allstate Corp (ALL) Earnings Impacted by $328M in March Catastrophe Losses: A Detailed Analysis

By | Earnings Alerts

• Allstate reported a significant amount of catastrophe losses in March, amounting to $328 million.

• The estimated catastrophe losses in March, after-tax, was reported as $259 million.

• Allstate suffered from six significant events in March resulting in costs estimated at $343 million, equating to $271 million after-tax.

• The total catastrophe losses for the first quarter were reported as $731 million pre-tax.

• There’s been a rise in Allstate’s brand auto insurance rates leading to a premium impact of 0.9% for March and 2.4% year-to-date.

• Similarly, the rate increases for Allstate’s brand homeowners’ insurance have led to a premium impact of 0.7% for March and 3.4% year-to-date.

• Allstate’s current standing according to ratings is 15 buys, 4 holds, and 3 sells.


Allstate Corp on Smartkarma

Analyst coverage of Allstate Corp on Smartkarma highlights insights from Baptista Research. Their report, titled “The Allstate Corporation: Transforming Insurance – Key Moves in Their Growth Strategy! – Major Drivers,” leans bullish. The report notes that Allstate exceeded analyst expectations in revenue and earnings, with a 9.8% revenue increase in the third quarter, reaching $14.5 billion. The merger with National General also allowed for the consolidation of Allstate’s voluntary benefits business, offering growth opportunities in the health sector.


A look at Allstate Corp Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE3.4

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

Based on the Smartkarma Smart Scores for Allstate Corp, the company shows a balanced outlook across key factors. With a Value score of 3, Dividend score of 3, Growth score of 3, Resilience score of 3, and Momentum score of 5, Allstate Corp appears to be well-rounded in its performance. The solid Momentum score suggests strong positive market sentiment and potential for continued growth in the future.

Allstate Corporation, known for providing property-liability insurance and other insurance products in the US and Canada, seems to have a stable foundation with room for advancement. While the company’s Smart Scores reflect a mix of moderate outlooks in various aspects, the high Momentum score indicates a favorable market perception and potential for sustained positive momentum in the long term.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Ally Financial (ALLY) Surpasses Estimates: 1Q Earnings Highlight Rise in Consumer Auto Originations and Adjusted EPS

By | Earnings Alerts

β€’ Ally Financial‘s 1Q Adjusted EPS was reported at 45c, surpassing the estimated 33c

β€’ Total deposits were slightly lower than expected at $155.08 billion compared to the anticipated $155.66 billion

β€’ The Core return on tangible common equity was slightly above estimates at +6.5%, as against the estimate of +6.53%

β€’ There was a marginal dip in Net interest margin to 3.13% from the estimated 3.14%

β€’ Ally Financial reported a Net revenue of $1.99 billion, beating the estimate of $1.96 billion

β€’ The Provision for loan losses stood at $507.0 million, which is less than the forecasted $525.8 million

β€’ Net charge-offs were marginally lower than expected at $539.0 million against the estimated $539.4 million

β€’ Consumer auto originations exceeded estimates, amounting to $9.80 billion versus the estimated $9.65 billion

β€’ Net income attributable to common shareholders for the quarter was $129 million, a decrease from $291 million in the first quarter of 2023

β€’ The decrease in net income was attributed to lower net financing revenue, higher provision for credit losses, and higher noninterest expenses. However, this was partially offset by an increase in other revenue

β€’ The Provision for credit losses rose by $61 million Year on Year to $507 million, primarily due to increased net charge-offs, while there was some offset by a reserve release related to the deconsolidation of retail auto loans

β€’ Opinions on the stock were mixed with 10 buys, 8 holds, and 3 sells


A look at Ally Financial 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

Ally Financial Inc., an automotive financial services company with a direct banking franchise, is positioned in the market with strong scores in Value and Dividend at 4 each, showcasing solid fundamentals for investors. These high scores suggest that the company is potentially undervalued and offers attractive dividend payouts, making it an appealing choice for long-term investors seeking stability and income.

However, Ally Financial‘s scores in Growth, Resilience, and Momentum at 3, 2, and 4 respectively indicate a mixed outlook. While the company shows promising momentum in its market performance, there are areas such as growth potential and resilience where improvements could enhance its long-term prospects. Overall, Ally Financial‘s strategic position as a financial holding company with a focus on automotive services may offer a moderate to promising outlook for investors, balancing strengths and areas for development.


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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Marsh & McLennan (MMC) Surpasses Estimates with Stellar 1Q Earnings and Significant Revenue Boost

By | Earnings Alerts
  • Marsh & McLennan adjusted EPS stands at $2.89 surpassing last year’s $2.53 as well as the estimated $2.80.
  • Revenue has seen an increase of 9.3% to $6.47 billion from last year’s $6.38 billion.
  • Adjusted operating margin has registered a slight improvement to 32% versus 31.2% of last year.
  • Risk & Insurance Services adjusted operating margin slightly went up to 39.1% from last year’s 38.6%.
  • The adjusted operating margin for the Consulting segment increased from 20.3% to 20.7%.
  • Adjusted operating income observed an 11% growth to $1.97 billion in comparison to last year’s estimate of $1.95 billion.
  • Risk & Insurance Services segment adjusted operating profit has increased by 11% to $1.59 billion from the estimated $1.57 billion of previous year.
  • Consulting segment’s adjusted operating profit went up by 9.4% to $444 million.
  • Underlying revenue increased by 9% which is significantly higher than the estimated increase of 6.23%.
  • Capital expenditure observed a minor increase by 3.6% reaching $87 million.
  • There was an 8.2% increase in compensation expenses which resulted in a total of $3.47 billion, exceeding last year’s estimate of $3.35 billion.
  • Marsh & McLennan’s CEO, John Doyle, commented by stating that the year had a terrific start, indicating continued momentum in their business.
  • The stock currently has 5 buys, 14 holds, 3 sells.

Marsh & Mclennan on Smartkarma

Analyst Coverage of Marsh & McLennan on Smartkarma

Analyst coverage of Marsh & McLennan on Smartkarma showcases a positive sentiment towards the company. Value Investors Club‘s report highlights Marsh McLennan as the largest global insurance broker with strong organic growth potential. The current valuation at $198 is considered fair, offering potential 5-year returns of 12% IRR. Additionally, Baptista Research emphasizes Marsh & McLennan Companies’ robust financial performance, with total revenue of $22.7 billion marking a growth of 10% for the fiscal year.

Baptista Research further notes Marsh McLennan’s recent acquisitions and strategic initiatives contributing to its growth trajectory. These acquisitions include McDonald Zaring Insurance and Graham Company, enhancing the company’s market presence and revenue potential. Overall, the analyst coverage on Smartkarma underscores Marsh & McLennan’s positive market position and growth prospects within the insurance sector.


A look at Marsh & Mclennan Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE2.8

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

Marsh & McLennan Companies, Inc. is positioned for a promising long-term outlook based on the Smartkarma Smart Scores. With a solid Growth score of 4 and Momentum score of 4, the company demonstrates strong potential for expanding its operations and maintaining positive market performance. These scores indicate a positive trajectory for Marsh & McLennan in terms of both future growth opportunities and current market sentiment.

Although the Value, Dividend, and Resilience scores fall in the middle range at 2, Marsh & McLennan’s focus on providing professional services in risk, strategy, and human capital bodes well for its overall stability and sustainability. This suggests that the company is well-positioned to weather market fluctuations and continue offering valuable advice and solutions to its clients worldwide. Overall, Marsh & McLennan’s Smart Scores showcase a promising outlook for the company’s future prospects in the professional services sector.

###


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

By | Earnings Alerts
  • Genuine Parts has increased its full year adjusted EPS forecast to between $9.80 and $9.95, up from the previous estimate of $9.70 to $9.90.
  • The company’s expected EPS is projected at $9.05 to $9.20.
  • Sales are expected to see positive growth in the next fiscal year, growing between +3% to +5%.
  • In the first quarter, comparable sales saw a decrease of -0.9%.
  • Net sales for the first quarter totalled $5.78 billion, up +0.3% on a year-on-year basis, which was just below the estimated $5.85 billion.
  • On the market, there are 5 buys, 9 holds, and no sells on the company’s stock currently.

Genuine Parts Co on Smartkarma

Analyst coverage of Genuine Parts Co on Smartkarma reveals positive sentiment from Baptista Research. In the report titled “Genuine Parts Company: Why Are They Carrying Out The Expansion and Scaling of Company-owned Stores? – Major Drivers”, GPC’s strong performance in Q4 2023 is highlighted. The company’s total sales for the year exceeded $23 billion, showing nearly a $1 billion increase, in line with expectations. Additionally, GPC saw a significant improvement in total company segment profit margins, reaching nearly double digits. Shareholders were also pleased with $788 million returned and the 68th consecutive annual increase in dividends.


A look at Genuine Parts Co Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE3.2

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

Based on the Smartkarma Smart Scores, Genuine Parts Co shows a promising long-term outlook. With a strong Growth score of 5, the company is expected to experience significant expansion and development in the future. Additionally, the company has a solid Momentum score of 4, indicating positive market momentum that could drive future performance. Although the company’s Value and Resilience scores are moderate at 2, Genuine Parts Co seems well-positioned for sustainable growth and resilience in the market. Furthermore, the Dividend score of 3 suggests that investors may benefit from consistent dividend payments.

Genuine Parts Company, a distributor of automotive, industrial replacement parts, office products, and electrical materials, operates across the United States, Canada, and Mexico. The company’s Smartkarma Smart Scores highlight its strengths in growth potential and market momentum, indicating a positive outlook for long-term investors. While some areas like value and resilience have room for improvement, Genuine Parts Co‘s overall profile suggests it is poised for continued success and expansion in its key markets.


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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Bangkok Bank Public (BBL) Earnings: 1Q Net Income Misses Estimates, Unsettling Stakeholders

By | Earnings Alerts
  • Bank: Bangkok Bank
  • Date: 18th April, 2024
  • Net Income: The bank reported a net income of 10.52 billion Baht, missing the estimate which was 11.11 billion Baht.
  • Earnings per share (EPS): The EPS stood at 5.51 Baht, short of the estimate set at 5.88 Baht.
  • Market ratings: The bank has received 22 buys, 4 holds and 1 sell, indicating mixed market sentiment.

A look at Bangkok Bank Public Smart Scores

FactorScoreMagnitude
Value5
Dividend3
Growth5
Resilience4
Momentum3
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, Bangkok Bank Public is positioned well for long-term success. With strong scores in Value, Growth, Resilience, and a respectable score in Dividend, the company shows promise in various aspects. Bangkok Bank Public‘s focus on providing banking and financial services, including commercial and consumer lending, international trade financing, and investment banking, portrays a diversified business model that can withstand market challenges.

While the company demonstrates significant potential for value and growth, maintaining momentum and enhancing dividend payouts could be areas for improvement. Overall, Bangkok Bank Public‘s robust performance across key factors signals a positive outlook for the company’s long-term stability and success in the banking and financial services sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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KeyCorp (KEY) 1Q Earnings: Net Interest Income and Investment Banking Fees Surge Despite Meeting Estimates

By | Earnings Alerts
  • KeyCorp 1Q net interest income FTE was $886 million, matching the estimates.
  • The NIM on taxable-equivalent basis stood at 2.02%, slightly lower than the estimated 2.1%.
  • EPS from continuing operations was 20c, which was 1c lower than the estimated 21c.
  • Total revenue amounted to $1.53 billion, surpassing the estimate of $1.52 billion.
  • Total deposits were reported at $142.88 billion against the estimated $143.5 billion.
  • Total loans reported were $111.03 billion, just short of the estimated $111.24 billion.
  • Investment banking and debt placement fees exceeded expectations at $170 million, with estimates at $148.2 million.
  • Non-interest income was $647 million, beating the estimate of $628.9 million.
  • Provision for credit losses was $101 million, higher than the initial estimate of $97.1 million.
  • Non-interest expenses were slightly higher than expected at $1.14 billion, against the estimated $1.11 billion.
  • Net charge-offs came in lower than expected at $81 million, compared to the estimated $86.8 million.
  • The return on average tangible common equity was reported at 7.87%, lower than the estimated 10.1%.
  • The efficiency ratio for the period was 74%, slightly above the estimate of 73.8%.
  • Common equity Tier 1 ratio was reported at 10.3%, slightly higher than the estimated 10.2%.
  • Out of the 24 analyst ratings, 15 rated it as ‘buy’, 8 rated it ‘hold’ and 1 advised to ‘sell’.

A look at Keycorp Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.6

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

KeyCorp, a financial services holding company, is positioned favorably for long-term success based on the Smartkarma Smart Scores. With a strong Dividend score of 5, KeyCorp is expected to provide excellent returns to its shareholders through consistent dividend payments. Combined with a Value score of 4, investors can find KeyCorp’s stock to be attractively priced relative to its earnings and potential growth prospects. While the Growth score of 3 signals moderate growth potential, the company’s Momentum score of 4 indicates a positive trend in its stock performance over time. However, KeyCorp will need to focus on building resilience, which currently scores a 2, to withstand market challenges and economic uncertainties.

KeyCorp’s diversified portfolio of retail and commercial banking services, commercial leasing, investment management, consumer finance, and investment banking products positions it well to serve a wide range of clients, including individuals, corporations, and institutions. By leveraging its strong Dividend and Value scores, KeyCorp can continue to attract investors seeking both income and value appreciation in the long run while working on enhancing its Growth, Resilience, and Momentum scores to further solidify its market position and navigate potential challenges effectively.


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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