Category

Earnings Alerts

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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Telefonaktiebolaget Lm Ericsso (ERICB) Earnings Underperform: 1Q Net Sales Miss Estimates Across Multiple Sectors

By | Earnings Alerts
  • Ericsson 1Q Net Sales missed the estimates, with sales reaching only SEK53.33 billion against the expected SEK54.83 billion.
  • Networks net sales were SEK33.72 billion, falling short of the mentioned SEK35.02 billion estimate.
  • Network (products) sales amounted to SEK25.40 billion, a little below the projected SEK26.59 billion.
  • Meanwhile, Network (services) net sales were SEK8.32 billion, slightly under the SEK8.5 billion estimate.
  • Cloud Software & Services net sales also missed target, achieving SEK13.05 billion compared to the predicted SEK13.19 billion.
  • However, Cloud Software & Services (Products) net sales surpassed expectations, reaching SEK4.53 billion against the estimated SEK4.12 billion.
  • Cloud Software & Services (Services) net sales were SEK8.52 billion, under the SEK8.85 billion estimate.
  • Enterprise net sales amounted to SEK5.97 billion, marginally missing the SEK6.21 billion estimate.
  • The Networks adjusted gross margin was better than expected at 44.3%, against the estimated 41%.
  • Income after financial items was surprisingly high, amounting to SEK3.63 billion, considerably more than the SEK1.18 billion estimate.
  • Current recommendations include 11 buys, 9 holds, and 8 sells.

A look at Telefonaktiebolaget Lm Ericsso Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth2
Resilience3
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

Telefonaktiebolaget Lm Ericsson, a company specializing in network equipment and software, as well as services for network and business operations, shows promise for long-term growth and stability. With a strong emphasis on dividend payout, scoring a perfect 5 in this category, Ericsson demonstrates a commitment to sharing profits with its shareholders. Additionally, the company scores well in resilience and momentum, indicating its ability to weather market fluctuations and maintain positive stock performance in the future. While growth is an area for improvement, the company’s overall outlook remains optimistic due to its robust performance in other key areas.

Despite facing some challenges in terms of growth potential, Telefonaktiebolaget Lm Ericsson showcases strength in important areas such as dividend payout, resilience, and momentum. With a diverse portfolio covering enterprise, cable, mobile platform, and power module markets, Ericsson’s strategic positioning and commitment to rewarding shareholders bode well for its long-term prospects. Investors may find this telecommunications company attractive for its consistent dividend payments and overall resilience in navigating market uncertainties.


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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Sika (SIKA) Exceeds Expectations with Stellar 1Q Earnings: A Detailed Review and Future Outlook for 2024

By | Earnings Alerts
  • Sika’s 1Q sales in local currencies outperformed estimates, registering a 20.1% increase as opposed to the projected 17.8%.
  • EMEA sales showed a similar trend, with a growth of 22.4% in local currencies, beating the 20.4% estimate.
  • Americas region also demonstrated robust performance, as sales in local currencies went up by 21.1%, against an estimate of 16.6%.
  • In the Asia Pacific region, the local currency sales saw a 14.1% rise, although it was slightly below the estimated 17.8%.
  • Sika has a positive outlook for 2024, underlining its confidence to sustain the growth-oriented strategy in a gradually recovering economic landscape.
  • The company expects the sales growth in local currencies to be between 6–9% in 2024, and anticipates an over-proportional increase in EBITDA.
  • The overall market sentiment towards Sika remains strong, as evidenced by the 15 buy ratings, 10 holds and zero sell ratings.

A look at Sika Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience2
Momentum3
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

According to Smartkarma Smart Scores, Sika, a company that manufactures construction materials, presents a mixed outlook for long-term investors. With a growth score of 4, Sika is positioned well for future expansion and development within the construction industry. This suggests potential opportunities for the company to increase its market presence and profitability over time.

However, Sika’s overall outlook is tempered by its value, dividend, resilience, and momentum scores, which range from 2 to 3. While the company may face some challenges in terms of valuation, dividend payouts, and market momentum, its solid growth score indicates a bright spot in its long-term prospects. Investors may want to closely monitor how Sika navigates these various factors to make informed decisions about investing in the company.


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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B3SA3 Earnings Analysis: B3 – Brasil Bolsa Balcao Reports Decrease in March Stock Trading Value and Active Equity Investors

By | Earnings Alerts
  • The average daily stock trading value has decreased by 7.2% in B3 in March.
  • The average daily derivatives trading volume has experienced a 5.1% increase.
  • There has been a 3.3% decrease in the number of active equity investors.
  • B3 had 8 buys and 9 holds in March with 0 sells noted.

A look at B3 – Brasil Bolsa Balcao Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience5
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

Analysts at Smartkarma have evaluated B3 – Brasil Bolsa Balcao using their Smart Scores system which rates companies on various factors. B3 received a score of 2 for Value, indicating moderate value potential. The Dividend score stands at 3, suggesting a decent dividend outlook for investors. In terms of Growth and Momentum, B3 scored a 3 and 2 respectively. However, the company’s standout score comes in Resilience, with a strong 5, indicating a high level of stability and ability to weather market fluctuations.

B3 S.A. – Brasil, Bolsa, Balcao operates as a regional exchange, providing a wide range of financial services to customers globally. With its balanced scores across different factors, B3 seems to offer a mix of value, stability, and growth potential to investors. While the company may not excel in any single category, its aggregate scores point towards a steady long-term outlook 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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Auckland Intl Airport (AIA) Earnings Report: March Total Passengers Y/Y Soars by 12%, Prompting Market Response

By | Earnings Alerts
  • Total passenger count in Auckland Airport increased by 12% year on year in March.
  • The number of international passengers saw a dramatic rise of 22% from the previous year during the same month.
  • Domestic passenger numbers experienced a modest growth of 2% on a year on year basis for the month of March.
  • Regarding stock ratings, Auckland Airport has received 3 buy ratings, 6 hold ratings, and 4 sell ratings.

A look at Auckland Intl Airport Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth2
Resilience4
Momentum3
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, Auckland International Airport appears to have a positive long-term outlook. The company scores well on resilience, indicating its ability to weather economic uncertainties and challenges. This suggests that Auckland Airport is well-equipped to navigate through market fluctuations and maintain its stability over time.

While the scores for value, dividend, growth, and momentum are not as high as resilience, they still indicate a reasonably solid position for the company. With a diverse range of commercial facilities and a strategic location, Auckland International Airport is poised to continue serving as a key transportation hub in New Zealand.

### Auckland International Airport Limited owns and operates the Auckland International Airport. The Airport includes a single runway, an international terminal and two domestic terminals. The Airport also has commercial facilities which includes airfreight operations, car rental services, commercial banking center and office buildings. ###


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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Gd Power Development Co A (600795) Earnings: FY Revenue Misses Estimates with Diverging Analyst Views

By | Earnings Alerts
  • GD Power Development reported fiscal year revenue of 181.00 billion yuan, falling short of estimated 191.08 billion yuan.
  • The company’s net income stood at 5.61 billion yuan for the fiscal year.
  • From the investment perspective, GD Power Development received 15 ‘buy’ ratings, with no ‘hold’ or ‘sell’ ratings.

A look at Gd Power Development Co A Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth5
Resilience2
Momentum5
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

Looking ahead, Gd Power Development Co A seems to be positioned for solid long-term growth. With a strong focus on growth and momentum, the company is well-aligned to capture future opportunities in the energy sector. Additionally, its commitment to dividends reflects stability and potential returns for investors. While the value score is moderate, the high scores in growth and momentum indicate a positive outlook for Gd Power Development Co A.

GD Power Development Co., Ltd., a company based in China, primarily engages in the generation and distribution of electric power and heat. In addition, the company is involved in investments in new energy development and projects related to environmental protection. With a strong emphasis on growth, dividends, and momentum, Gd Power Development Co A appears to be well-positioned for the future within the energy 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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Schwab (Charles) (SCHW) Earnings: 1Q Bank Deposits and Total Assets Meet Estimates Despite Active Brokerage Accounts Surge

By | Earnings Alerts

• Schwab Bank’s first quarter deposits equal expected amounts at $269.5 billion, close to the estimated figure of $270.52 billion.

• Total net new assets came in at $88.2 billion, slightly lower than the anticipated sum of $91.18 billion.

• Exceeding expectations, total client assets stood at $9.12 trillion, surpassing the $9.02 trillion estimate.

• The bank’s adjusted Earnings Per Share (EPS) met expectations perfectly at 74c.

• Net revenue for Schwab performed well at $4.74 billion, slightly beating expectations of $4.71 billion.

• The daily average trades was higher than estimated, at 5.96 million compared to the 5.80 million assumption.

• Revenue per trade was slightly lower than expected at $2.25, compared to the predicted $2.32.

• Schwab’s net interest revenue matched expectations at $2.23 billion.

• Bank deposit account fees were lower than the projected figures, coming in at $183 million instead of the expected $194.9 million.

• Trading revenue also fell short of predictions at $817 million, compared to the estimated figure of $827.9 million.

• In contrast, asset management and administration fees exceeded expectations, registering $1.35 billion against the anticipated $1.32 billion.

• New brokerage accounts for the quarter were higher than anticipated at 1.09 million, well above the 977,393 forecasted.

• Total active brokerage accounts reached 35.30 million, surpassing the estimated 35.14 million.

• The bank had 18 buys, 6 holds, and only 2 sells for the reported quarter.


A look at Schwab (Charles) Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
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

Based on the Smartkarma Smart Scores, Charles Schwab (Schwab) shows a promising long-term outlook. With solid scores in Value, Growth, Resilience, and Momentum, the company appears to be well-positioned for future success. A Value score of 3 indicates a balance between stock price and the company’s intrinsic value, while a Growth score of 3 suggests potential for future expansion. Additionally, a Resilience score of 4 highlights the company’s ability to weather economic uncertainties, and a Momentum score of 4 reflects positive market momentum.

As a provider of financial services to a diverse range of clients, including individual investors and institutions, Schwab’s overall outlook seems favorable. While the Dividend score of 2 may indicate room for improvement in terms of payout to shareholders, the strong scores in other key areas paint a positive picture for the company’s future prospects in the financial services 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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BBAS3 Earnings Analysis: Banco do Brasil’s BB Seguridade Reports 10% Decline in February Written Premiums

By | Earnings Alerts
  • BB Seguridade’s written premiums in February were R$1.36B, showing a decrease in comparison to the previous month.
  • The number represents a -10% m/m change in written premiums, indicating a downtrend.
  • Despite the monthly decrease, written premiums saw an overall increase of +21.4%.
  • The company’s current market position includes 5 ‘buy’ ratings, 8 ‘hold’ ratings, and 1 ‘sell’ rating.

A look at Banco do Brasil Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.8

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

Based on the Smartkarma Smart Scores for Banco do Brasil, the overall outlook for the company appears promising. With strong scores in Dividend (5), Value (4), Growth (4), and Momentum (4), the bank demonstrates robust performance across these key factors. Banco do Brasil S.A. is well-positioned to deliver value to investors through its dividend payouts, solid growth prospects, and positive momentum in the market.

However, there are areas of concern, particularly in terms of Resilience, where Banco do Brasil received a score of 2. This suggests some vulnerability to economic shocks or market fluctuations. Despite this, the overall outlook remains positive, indicating a potentially stable and profitable future for Banco do Brasil.


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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Contemporary Amperex Technology (CATL) (300750) Earnings: 1Q Net Income Exceeds Expectations with 10.51 Billion Yuan

By | Earnings Alerts
  • CATL’s net income for the first quarter was 10.51 billion yuan, surpassing the estimate of 10.01 billion yuan.
  • Revenue for the same period was 79.77 billion yuan, falling a little short of the estimated 81.17 billion yuan.
  • The Earnings Per Share (EPS) reached a value of 2.3890 yuan.
  • The company experienced strong investor sentiment, with 45 buy ratings, 2 hold ratings and no sell ratings.

Contemporary Amperex Technology (CATL) on Smartkarma

Analyst coverage of Contemporary Amperex Technology (CATL) on Smartkarma shows a mix of bullish sentiments from top independent analysts. Travis Lundy‘s reports highlight significant market movements related to CATL. In one report, CATL was identified as a big buy amidst fluctuations in net flows, indicating a strong interest in the company’s battery and EV products. Another report pointed out a period of substantial net buying, with foreigners heavily investing, especially in CATL, showcasing a positive market outlook for the company.

Caixin Global‘s analysis focused on CATL’s strategic partnership with Didi, a ride-hailing company, to establish a battery swapping joint venture. This move demonstrates CATL’s efforts to diversify into downstream businesses and stay competitive in the EV battery market. The collaboration with Didi aligns with CATL’s goal to expand its offerings beyond production, particularly in response to increasing competition from other industry players like BYD Co. Ltd. These insights shed light on CATL’s proactive strategies in the evolving EV market landscape.


A look at Contemporary Amperex Technology (CATL) Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience4
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

Contemporary Amperex Technology (CATL) is positioned well for long-term success according to the Smartkarma Smart Scores. With a high score in Growth and Momentum, the company shows strong potential for expansion and market performance. Additionally, CATL demonstrates resilience in the face of challenges, which bodes well for its ability to weather uncertainties. Although the Value and Dividend scores are more moderate, the overall outlook for CATL remains positive given its strengths in growth and momentum.

Contemporary Amperex Technology Co., Limited is a battery products manufacturing company that specializes in power battery materials, energy storage battery cells, and systems. With a focus on innovation and growth, CATL is well-positioned to capitalize on the increasing demand for energy storage solutions. In addition to its core products, the company also offers batteries recycling services, showcasing a commitment to sustainability. With strong scores in Growth and Momentum, CATL appears to be on a path towards long-term success in the battery technology 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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M&T Bank Corp (MTB) Earnings Update: 1Q Operating EPS Misses Estimates Amid Elevated Credit Loss Provisions

By | Earnings Alerts
  • M&T Bank’s Operating EPS for 1Q was $3.09, slightly below the estimated $3.10.
  • The provision for credit losses was higher than anticipated at $200 million, with the estimate at $161 million.
  • End-period deposits were $167.20 billion, beating the prediction of $162.75 billion.
  • Loans and leases at end-period stood at $134.97 billion, slightly above the estimated $134.45 billion.
  • Cash and dues from banks were a bit lower than estimated at $1.70 billion, compared to the projected $1.73 billion.
  • Net interest income met the estimate at $1.68 billion.
  • Net interest margin was slightly below the estimated 3.56% at 3.52%.
  • Tier 1 ratio came in slightly lower at 11.1%, compared to the predicted 11.2%.
  • The return on average common equity was 8.14%, slightly below the expected 8.22%.
  • Net charge-offs were higher than predicted at $138 million against the estimated $134.2 million.
  • Non-interest income was higher than the forecasted $578.9 million at $580 million.
  • Efficiency ratio was higher than forecasted at 60.8%, compared to estimated 59.8%.
  • Average growth in commercial and industrial and consumer loans was offset by a decline in average commercial real estate loans.
  • M&T Bank has seen elevated levels of criticized commercial and industrial loans and loan growth.
  • Decrease in nonaccrual loans predominantly due to lower levels of commercial real estate nonaccrual loans, and residential real estate nonaccrual loans, partially offset by a rise in commercial and industrial nonaccrual loans.
  • M&T’s liquidity and capital position strengthened, reflecting a stable deposit base, higher levels of borrowings and solid earnings after considering seasonal employee compensation expenses and an incremental FDIC special assessment.
  • The bank has 11 buys, 12 holds, and 0 sells.

M & T Bank Corp on Smartkarma

Analyst coverage of M & T Bank Corp on Smartkarma has been positive, with Baptista Research publishing a research report titled “M&T Bank Corporation: What Is Their Biggest Growth Catalysts? – Major Drivers“. In this report, it was highlighted that M&T Bank Corporation delivered an all-around beat in the previous quarter, with revenues growing by 4% compared to the previous year. Furthermore, net charge-offs decreased, and GAAP net income increased by 7%. Despite ongoing economic uncertainty, the report emphasizes M&T Bank’s historical outperformance during uncertain times, highlighting its resilience and potential for creating shareholder value.


A look at M & T Bank Corp Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth4
Resilience3
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, M & T Bank Corp shows a promising long-term outlook in key areas. With a solid Value score of 5, the company is considered to offer good value for investors. Its Dividend and Growth scores of 4 each indicate a healthy balance between rewarding shareholders and potential for future expansion. While the Resilience score of 3 suggests some vulnerability, the Momentum score of 4 reflects positive market trends that may drive the company forward.

M & T Bank Corporation, a bank holding company known for its commercial banking, trust, and investment services, operates in multiple states along the East Coast. With a strong emphasis on value and growth, coupled with a solid dividend policy, the company appears well-positioned to capitalize on opportunities in its operational regions. Investors may find M & T Bank Corp a compelling choice for long-term investment based on its overall Smart Scores performance.


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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