Category

Earnings Alerts

Barrick Gold’s Q1 Earnings Reveal Gold Sales Volume Lower Than Estimates Amid Projected Increase in 2024 Production

By | Earnings Alerts
  • Barrick Gold’s 1Q gold sales volume is 910,000 oz, a decrease of 4.6% from the previous year.
  • The number fell short of the estimated 968,641 oz.
  • In terms of gold production, the company produced 940,000 oz, which is also lower than the estimated 978,404 oz.
  • Barrick Gold anticipates that gold and copper production will increase progressively each quarter of 2024.
  • The company reaffirms that it remains on track to reach its full year gold and copper production guidance.
  • Lower gold production in Q1 compared to Q4 2023 is a result of planned maintenance at Nevada Gold Mines and mine sequencing at various other sites.
  • Current market sentiments on Barrick Gold stock include 15 buys, 7 holds and 1 sell.

A look at Barrick Gold Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE3.4

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

Based on Smartkarma’s Smart Scores, Barrick Gold is positioned well for long-term growth. With strong ratings in Value and Momentum, the company shows promise for investors seeking a company with solid fundamentals and positive market performance.

Barrick Gold, an international gold company with diverse operations, receives favorable Smart Scores in areas such as Value and Momentum, indicating a positive outlook for the company’s future performance. Investors looking for a company with a good mix of value and growth potential may find Barrick Gold an attractive option for their portfolio.


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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Bank of America (BAC) Outperforms in 1Q Earnings: Surpasses Revenue and Trading Estimates

By | Earnings Alerts
  • Bank of America’s 1Q trading revenue, excluding DVA, surpassed estimates at $5.18 billion against an estimated $5.02 billion.
  • The FICC trading revenue, excluding DVA, was slightly over the estimated value at $3.31 billion against $3.3 billion.
  • Equities trading revenue, also excluding DVA, outperforms estimates with $1.87 billion against the estimated $1.71 billion.
  • The net interest income FTE of the bank was higher than expected at $14.19 billion against an estimated $13.95 billion.
  • Wealth & investment management total revenue saw an increase with $5.59 billion, outperforming the estimation of $5.34 billion.
  • The revenue net of interest expense surpassed estimates at $25.82 billion against the expected $25.43 billion.
  • Provisions for credit losses were lower than expected at $1.32 billion against the estimate of $1.4 billion.
  • Return on average equity slightly exceeded expectations at 9.35% against the expected 9.31%.
  • Return on average assets met estimates at 0.83%.
  • Return on average tangible common equity was slightly lower than expected at 12.7%, against an estimated 13.1%.
  • Net interest yield was slightly above estimates at 1.99% against an expected 1.97%.
  • The Basel III common equity Tier 1 ratio was slightly under the estimate at 13.4%, against an expected 13.5%.
  • The Standardized CET1 ratio was in line with estimates at 11.8%.
  • Compensation expenses were higher than anticipated at $10.20 billion, against the estimated $9.99 billion.
  • Net charge-offs exceeded estimates at $1.50 billion against an expected $1.26 billion.
  • Loan values were slightly under estimates at $1.05 trillion against an anticipated $1.06 trillion.
  • Total deposits exceeded the estimates at $1.95 trillion, against an expected $1.93 trillion.
  • The efficiency ratio was higher than estimates at 66.4%, against an expected 65%.
  • Non-interest expenses were $17.24 billion, which exceeded the estimated $16.66 billion.

Bank Of America on Smartkarma

Analyst coverage of Bank of America on Smartkarma has been insightful, with Ethan Aw providing a bullish perspective on Aequitas ASEAN IPOs + Placements Broker Performance 2023. In his research report, Aw delves into the performance of brokers for ASEAN IPOs and placements in 2023, covering 18 deals above US$100m. Investors can find valuable insights in this detailed analysis by Aw, who offers a positive outlook on the sector.

On the contrary, Fern Wang adopts a bearish stance in her report titled “Investors Have Been Buried Their Head in The Sand on Billions of Unrealized HTM Losses.” Wang highlights the ballooning of unrealized HTM losses, particularly focusing on Bank of America among other U.S. banks. Her deep dive into the impact of these losses sheds light on a concerning trend that investors may have overlooked. Wang’s analysis serves as a cautionary reminder of the risks associated with unrealized losses in the current market environment.


A look at Bank Of America Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth4
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

Analysts utilizing Smartkarma Smart Scores have assessed Bank Of America with a promising long-term outlook based on its scores across various key factors. The company scored high in value, growth, and momentum, indicating positive indicators in these areas. These scores suggest that Bank Of America may have strong fundamentals and potential for growth and profitability in the future.

Despite scoring lower in resilience and dividend factors, the overall outlook for Bank Of America appears positive. The company’s diverse range of financial services, including banking, investing, asset management, mortgage lending, and investment banking, positions it well for long-term success. By leveraging its strengths in value, growth, and momentum, Bank Of America is poised to navigate challenges and capitalize on opportunities in the financial sector.

Summary of the description of the company:
Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.


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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PNC Financial Services Group (PNC) Earnings Overview: 1Q Revenue Misses Estimates Amidst Varied Financial Outcomes

By | Earnings Alerts
  • PNC Financial 1Q Revenue was $5.15 billion, missing the estimated $5.2 billion.
  • The total loan amount was $319.78 billion, slightly below the estimated $320.29 billion.
  • Deposits at the end of the period were $425.62 billion, exceeding the estimated $421.84 billion.
  • The provision for credit loss was $155 million, lower than the estimated $230.6 million.
  • The efficiency ratio was 65%, higher than the estimated 62.9%.
  • Net interest income totaled $3.26 billion, below the estimated $3.3 billion.
  • The net interest margin was 2.57%, lower than the estimate of 2.61%.
  • Net charge-offs amounted to $243 million, exceeding the estimated $226.3 million.
  • Non-interest income reached $1.88 billion, below the estimated $1.96 billion.
  • Non-interest expenses were $3.33 billion, slightly lower than the estimated $3.36 billion.
  • Return on average assets was 0.97%, higher than the estimated 0.91%.
  • Return on average equity stood at 11.4%, more than the estimated 10.7%.
  • Tier 1 Basel III ratio was 10.1%, exceeding the estimated 9.97%.
  • The effective tax rate was 18.8%, slightly higher than the estimated 18.5%.
  • Diluted EPS was $3.10
  • There were 12 buys, 11 holds, and 2 sells.

A look at PNC Financial Services Group Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience2
Momentum3
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 Smartkarma Smart Scores, PNC Financial Services Group shows a positive long-term outlook. With strong scores in value and dividend factors, the company demonstrates potential for solid performance in these areas. Additionally, its growth and momentum scores indicate a steady upward trajectory, albeit at a slightly lower level. However, the resilience score for PNC Financial Services Group could be an area of concern, suggesting some vulnerability in navigating challenging market conditions.

PNC Financial Services Group, Inc., a diversified financial services organization, offers regional banking, wholesale banking, and asset management services on a national scale and in key regional markets. The company’s robust scores in value and dividend highlight its strength in these aspects, while its growth and momentum scores reflect positive momentum for future prospects. Despite some lower resilience, PNC Financial Services Group shows promise for long-term growth and stability in the financial services sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Bank of New York Mellon (BK) Records Rise in Earnings, AUM Meets Estimates at $2.02 Trillion

By | Earnings Alerts

• BNY Mellon’s assets under management hit $2.02 trillion, marking a 5.5% increase year-on-year, and aligning with the estimates.

• The bank recorded total deposits worth $309.02 billion, presenting an 8.9% quarter-on-quarter growth, well beyond the estimated value of $280.16 billion.

• The average total deposits also exceeded estimates at $279 billion.

• There was a 10% increase in net loans quarter-on-quarter, reaching $73.29 billion, higher than the $66.67 billion estimated.

• Despite the 4.7% year-on-year increase, assets under administration failed to meet estimates as they stood at $48.8 trillion.

• Both the adjusted and unadjusted EPS values beat expectations at $1.29 and $1.25 respectively.

• Net interest revenue was reported at $1.04 billion, a decrease of 7.8% year-on-year, however, it still surpassed the estimated $1.02 billion.

• Even though the net interest margin declined year-on-year to 1.19%, it was close to the predicted 1.21%.

• The provision for credit losses remained unchanged year-on-year at $27 million, significantly higher than the estimated $8.18 million.

• The common equity Tier 1 ratio was reported at 10.8%, falling short of the estimated 11.6%.

• The liquidity coverage ratio remained consistent quarter-on-quarter at 117%.

• Adjusted and unadjusted revenue both exceeded estimates at $4.53 billion.

• Total fee and other revenue surpassed estimates at $3.49 billion, driven by increased market values and client activity.

• Clearance and collateral management fees, issuer services fees, and treasury services fees all outperformed their respective estimates.

• Non-interest expenses displayed a slight increase of 2.5% year-on-year to reach $3.18 billion.

• The return on equity performed better than estimated at 10.7%.

• The provision for credit losses was driven up to $27 million, largely due to reserve increases related to commercial real estate exposure.


A look at Bank Of New York Mellon Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience5
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

Analysts at Smartkarma have provided a favorable long-term outlook for Bank of New York Mellon based on its impressive Smart Scores. The company has received high ratings in value, momentum, and resilience, indicating strong fundamentals and a solid financial position. With a focus on asset and wealth management, BNY Mellon is positioned to deliver sustainable growth over the long term.

Being rated highly in value and momentum signifies that BNY Mellon offers shareholders a compelling investment opportunity with growth potential. Moreover, the company’s resilience score underscores its ability to weather market fluctuations and economic downturns effectively. With a diverse range of financial services catering to various clients, BNY Mellon is well-positioned for long-term success in the ever-evolving financial 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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Zhejiang Supcon Technology (688777) Earnings: 1Q Net Income Hits 145.4M Yuan Amidst High Revenue and Solid Ratings

By | Earnings Alerts
  • SUPCON reported a net income of 145.4 million yuan in the first quarter.
  • The company’s revenue in the first quarter is 1.74 billion yuan.
  • There are 30 recommendations to buy SUPCON stocks, 1 to hold, and no sell recommendations.

A look at Zhejiang Supcon Technology Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth5
Resilience5
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, Zhejiang Supcon Technology shows a promising long-term outlook. With a strong emphasis on growth and resilience, scoring 5 on both factors, the company is positioned for future success in the industrial automation control sector. This indicates that Zhejiang Supcon Technology is well-equipped to continue expanding its product offerings and adapting to market challenges.

Zhejiang Supcon Technology also scores well in terms of momentum and dividend, with scores of 4 and 3 respectively. This suggests that the company is experiencing positive market momentum and may potentially offer stable dividend payouts to investors. While the value score is slightly lower at 2, the overall ratings indicate a positive trajectory for Zhejiang Supcon Technology’s future performance.

Summary: Zhejiang Supcon Technology Co., Ltd. is a global manufacturer and distributor of industrial automation control products, including distributed control systems and programmable logic controllers. With a strong focus on growth, resilience, and positive market momentum, the company is positioned for long-term success.


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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China Coal Energy Co H (1898) Earnings: Analyzing the Impact of -16.9% Decline in March Coal Sales Volume

By | Earnings Alerts
  • There was a decrease in China Coal’s sales volume in March 2024.
  • This drop was quantified as -16.9%, indicating a significant reduction.
  • The actual sales volume for coal stood at 23.97 million tons.
  • Investments trends for China Coal showed 7 buys and 4 holds.
  • Interestingly, there were 0 sell recommendations for China Coal stocks.

A look at China Coal Energy Co H Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth5
Resilience4
Momentum5
OVERALL SMART SCORE4.8

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

China Coal Energy Company Ltd, a major player in the coal industry, has garnered impressive ratings across various key factors according to Smartkarma Smart Scores. With top marks in Value, Dividend, Growth, and Momentum, the company showcases robust financial performance and growth potential. Its resilience score of 4 further underlines its ability to weather challenges and maintain stability.

Specializing in mining and marketing thermal and coking coal, China Coal Energy Co H also provides coal mining equipment and design services. These top-notch scores across critical metrics indicate a promising long-term outlook for the company, positioning it as a strong contender in the competitive coal 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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Las Vegas Sands (LVS) Earnings Soar as Macau’s 1Q VIP Gaming Revenue Hits Highest since 2020

By | Earnings Alerts
  • Macau’s VIP gaming revenue has risen to its highest level since the first quarter of 2020.
  • There’s a 13% increase in VIP revenue from the previous quarter.
  • Mass-market gaming revenue rose by 65% year-on-year to 42.9 billion patacas in the first quarter.
  • The total gaming revenue has also increased by 65% year-on-year to 57.3 billion patacas.
  • The share of VIP income to total revenue stand at 25%, consistent with the the same quarter last year.
  • For the first quarter of 2024, VIP baccarat revenue was 14,378 million patacas, and the mass gaming revenue was 42,948 million patacas, totalling up to 57,326 million patacas.
  • The figures represent an increase from the falling trend observed in the first quarter of 2023, where VIP baccarat revenue was at 8,565 million patacas and mass gaming revenue at 26,077 million patacas.
  • The same trend is observed when compared with the fourth quarter of 2023 where VIP baccarat revenue was at 12,700 million patacas and mass gaming revenue was at 41,411 million patacas.

Las Vegas Sands on Smartkarma

Analysts on Smartkarma, including Howard J Klein, are bullish on Las Vegas Sands despite its undervaluation. Klein argues in his report, “Las Vegas Sands: Our Case for This as a $70 Stock Is Strong but It Lingers in the 40s,” that the company’s current stock price of around $40 significantly underestimates its true value. The market has not fully recognized the potential Asian gaming recovery, with projections indicating a return to pre-pandemic levels by 2024. Klein highlights the company’s strong performance post-COVID and believes it has the scale and amenities to outperform its competitors.

In another report, “Las Vegas Sands: A Clear Cut Buy on the Dip Strategy as Asia Gaming Recovery Gains Strength,” Howard J Klein reiterates his bullish stance on Las Vegas Sands. He sees the company as a clear buying opportunity, especially as the Asian gaming recovery gains momentum. Despite lingering concerns, Klein remains confident in the company’s long-term prospects, pointing to a potential upside surprise in the upcoming earnings release. The analyst encourages investors to consider Las Vegas Sands as a strategic investment amidst the ongoing recovery in the gaming sector.


A look at Las Vegas Sands 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

Las Vegas Sands Corp. has been assigned Smart Scores that indicate a mixed long-term outlook. With a strong focus on growth and momentum, the company seems poised for expansion and market-driven success. The high scores in growth and momentum suggest potential for increasing market presence and profitability in the future. However, the scores in value, dividend, and resilience are more moderate, indicating some challenges in these areas that may require attention.

Las Vegas Sands Corp., a leading player in the casino resort industry with operations in the United States, Macau, and Singapore, shows promising signs of growth and momentum. While the company may need to address aspects related to value, dividend, and resilience, its core business of operating casino resorts and convention centers bodes well for its long-term potential in the entertainment and hospitality 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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TotalEnergies (TTE) Earnings: Stable Hydrocarbon Production and Increased Downstream Results in 1Q Amid Rising Brent Price per Barrel

By | Earnings Alerts

TotalEnergies reported its Brent price per barrel at $83.20 in 1Q of 2024.

• The average liquids price was slightly lower at $78.90 USD/bbl.

• Average gas price was recorded at 5.11 USD/mBtu and the average LNG price per MBtu was at $9.58.

• The European refining margin reached 71.7 USD/ton, showing signs of growth.

• Hydrocarbon production is expected to remain stable, coming in above 2.45 Mboe/d, notwithstanding the disposals of the Canadian oil sands assets during 4Q of 2023.

TotalEnergies’ Integrated Power results are projected to improve on a quarter-on-quarter basis.

• An increase in refining margins will reflect in the Downstream results while the utilization rate of refineries in 1Q24 remained relatively stable compared to 4Q23.

• Despite the low volatility in 1Q24, oil and LNG trading results are expected to stay consistent with their historical averages.

• The market verdict on TotalEnergies is currently favorable with 17 buy recommendations, 10 holds and 0 sells.


A look at TotalEnergies Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth5
Resilience4
Momentum5
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

Analysts at Smartkarma are optimistic about the long-term outlook for TotalEnergies, with high scores across key factors. The company has received strong ratings in Growth and Momentum categories, indicating positive prospects for future expansion and stock performance. Complemented by solid scores in Dividend and Resilience, TotalEnergies appears well-positioned to weather market uncertainties and provide consistent returns to investors.

TotalEnergies‘ diverse operations in oil and gas exploration, production, refining, and chemical manufacturing contribute to its overall robust performance. With a presence in multiple regions including Europe, the United States, and Africa through its gasoline filling stations, TotalEnergies enjoys a broad market reach and a stable foundation for sustainable growth 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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Wise PLC (WISE) Earnings: 4Q Revenue Misses Estimates with GBP277.2 Million Earnings

By | Earnings Alerts
  • Wise reported a 4Q Revenue of GBP277.2 million, which did not meet the estimated figure of GBP285.5 million.
  • The volume stood at GBP30.6 billion, lower than the predicted GBP32.12 billion.
  • There were 7.91 million customers, which was just below the estimate of 7.92 million.
  • The take rate remained on target at 0.91%, as per the estimate.
  • Amid these figures, there were 12 instances of buying, 6 instances of holding and 2 instances of selling.

A look at Wise PLC Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
Resilience5
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

Based on the Smartkarma Smart Scores, Wise PLC demonstrates a promising long-term outlook. With strong scores in Growth, Resilience, and Momentum, the company appears well-positioned for future success. Wise PLC, known for designing and developing software solutions for international money transfers, has received top marks in these key areas which bodes well for its continued expansion and market performance.

While the company may have lower scores in Value and Dividend compared to other factors, the high ratings in Growth, Resilience, and Momentum suggest that Wise PLC is focused on innovation, adaptability, and sustained performance. Investors looking for a tech company with a global reach and a track record of success may find Wise PLC to be a compelling choice for 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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Beiersdorf (BEI) Earnings Impress with FY Organic Sales Upsurge, Outperforming Estimate and Paving Way for Higher Margin Goals

By | Earnings Alerts
  • Beiersdorf forecasts a year-on-year increase in organic sales between 6% and 8%, edging past the estimate of 6.41%.
  • Organic consumer sales are also projected to rise between 6% and 8%, higher than the previous estimate of 7.28%.
  • Estimation of organic Tesa sales range between 2% and 5%, more than the estimate of 3.39%.
  • The company posted first-quarter results with sales reaching EU2.60 billion, a 5% increase year-on-year, surpassing estimates of EU2.59 billion.
  • Beiersdorf reported a 7.3% increase in organic sales, more than the estimate of 6.37%.
  • Consumer sales amounted to EU2.21 billion, denoting a 7.3% increase year-on-year, and surpassing estimates of EU2.17 billion.
  • The organic consumer sales increased by 10%, above the estimate of 7.15%.
  • Consumer sales in Europe rose by 11% year-on-year to EU972 million, while sales in America increased by 7.5% to EU615 million, and in Africa, Asia, and Australia by 2.3% to EU620 million.
  • However, Tesa sales decreased by 6.4% year-on-year to EU397 million, with organic Tesa sales declining by 5.4%.
  • Tesa sales fluctuated across regions with Europe seeing a marginal increase of 0.5% to EU204 million, Americas experiencing a dip of 5.4% to EU70 million, and Africa, Asia, Australia witnessing a 16% decline to EU123 million.
  • Despite a somewhat volatile market, Beiersdorf is positive and sees FY adjusted Ebit margin slightly above last year’s level.
  • Beiersdorf uplifts the FY sales guidance for the group and consumer segment.
  • The company is working towards exceeding previous year’s adjusted Ebit margin for Consumer segment by 50bps.
  • Beiersdorf anticipates FY adjusted Ebit margin for Tesa to remain at the previous year level.
  • Tesa, despite facing a challenging market, remains optimistic that all business divisions and their markets will experience a significant pick up, especially in the second half of the year.

A look at Beiersdorf Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience5
Momentum4
OVERALL SMART SCORE3.4

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

Beiersdorf AG, a company specializing in personal care and medical products, is poised for a positive long-term outlook according to Smartkarma Smart Scores. With high scores in Growth, Resilience, and Momentum, Beiersdorf demonstrates strong potential for future expansion and stability in the market. The company’s commitment to innovation and diversified product offerings have contributed to its favorable score, emphasizing its ability to thrive in various economic conditions.

While Beiersdorf may have room for improvement in the areas of Value and Dividend according to the Smart Scores, its overall outlook remains promising. Investors looking for a company with solid growth prospects, resilience during market fluctuations, and strong momentum may find Beiersdorf to be a compelling investment opportunity. With a focus on developing high-quality personal care and medical products, Beiersdorf is positioned to continue its success in meeting consumer needs and driving shareholder value.


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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