Category

Earnings Alerts

Dr Ing hc F Porsche (P911) Earnings: Significant Rise with 2024 Operating ROS Expected Between 15%-17%

By | Earnings Alerts
  • Porsche AG anticipates its 2024 operating return on sales (ROS) to be between 15% and 17%, with an estimate of 17.4%.
  • The company’s expected 2024 revenue ranges from EU40 billion to EU42 billion, with an estimated EU40.91 billion.
  • In 2023, Porsche AG achieved an operating profit of EU7.28 billion, marking a 7.6% increase from the previous year and surpassing the estimated EU7.19 billion.
  • The automotive net cash flow for 2023 was EU3.97 billion, a 2.8% year-on-year increase and higher than the estimated EU3.74 billion.
  • Revenue for 2023 was EU40.53 billion, a 7.7% year-on-year increase and above the estimated EU40.32 billion.
  • The operating return on sales for 2023 remained steady at 18% from the previous year, slightly above the estimated 17.8%.
  • The dividend per preferred share for 2023 was EU2.31, slightly below the estimated EU2.38.
  • According to CFO Lutz Meschke, the company aims to maintain an operating return on sales of 17% to 19% in the medium term and more than 20% in the long run.
  • Porsche plans to distribute 50% of the Group’s net income after tax to shareholders in the medium term.

A look at Dr Ing hc F Porsche Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience3
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

Dr. Ing hc F Porsche, a leading manufacturer of luxury vehicles, has received a promising outlook for its long-term performance according to the Smartkarma Smart Scores. With a score of 4 for growth and 3 for both resilience and momentum, the company is expected to continue its upward trajectory in the future.

The company’s strong growth score reflects its potential for expanding its market share and increasing its revenue. Its solid resilience and momentum scores suggest that it is well-equipped to weather any potential challenges and maintain its positive momentum. While its value and dividend scores are not as high, they still indicate a stable and reliable company.

Overall, Dr. Ing hc F Porsche is in a strong position to continue delivering high-quality, innovative vehicles to its customers worldwide and maintain its position as a leader in the automotive 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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Assicurazioni Generali (G) Earnings Exceed Estimates: 4Q Operating Profit Surges Beyond Predictions

By | Earnings Alerts
  • Generali’s operating profit for the fourth quarter surpassed estimates, reaching EU1.78 billion against the estimated EU1.71 billion.
  • The life segment of Generali’s operating profit also beat estimates, coming in at EU948 million, higher than the estimated EU932.6 million.
  • Generali’s property and casualty operating profit was EU748 million, again beating the estimate of EU710 million.
  • The asset management operating profit for Generali was EU273 million.
  • However, the holding and other activities of Generali reported an operating loss of EU104 million.
  • Generali’s net income was EU925 million, significantly higher than the estimated EU733.5 million.
  • The adjusted net income for Generali was EU595 million.
  • Generali’s stock status currently stands at 8 buys, 13 holds, and 5 sells.

A look at Assicurazioni Generali Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE4.4

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

According to the Smartkarma Smart Scores, Assicurazioni Generali has a positive long-term outlook. The company received a score of 4 for Value, indicating that it is undervalued and has strong potential for growth. It also received a score of 5 for Dividend, meaning that it has a strong track record of paying dividends to its shareholders.

In addition, Assicurazioni Generali scored a 4 for both Growth and Resilience, indicating that it has a solid plan for future growth and is well-equipped to handle potential risks. This is further supported by its score of 5 for Momentum, suggesting that the company is currently performing well and has positive momentum.

Overall, Assicurazioni Generali is a global insurance and reinsurance company that offers a wide range of services including life, health, and general liability insurance. With a strong focus on value, dividends, growth, resilience, and momentum, the company is well-positioned for long-term success in the insurance 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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Inventec Corp (2356) Earnings Exceeds Estimates: FY Net Income and Revenue Details Revealed

By | Earnings Alerts
  • Inventec’s net income for the fiscal year exceeded estimates, reaching NT$6.13 billion compared to the estimated NT$5.76 billion.
  • The company’s operating profit stood at NT$7.46 billion.
  • Inventec’s revenue was NT$514.75 billion, surpassing the estimated NT$512.36 billion.
  • The EPS (Earnings Per Share) was NT$1.71, higher than the estimated NT$1.61.
  • Investment activity for the company was mixed, with 4 buys, 7 holds, and 2 sells.

A look at Inventec Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience3
Momentum4
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

Inventec Corporation, a company that specializes in manufacturing and selling computers and electronic word processing products, has received a positive long-term outlook according to the Smartkarma Smart Scores. These scores, which range from 1 to 5, indicate the overall outlook for the company based on different factors such as value, dividend, growth, resilience, and momentum. For Inventec Corp, the scores are 2 for value, 3 for dividend, 3 for growth, 3 for resilience, and 4 for momentum. This means that the company has shown strong performance in terms of growth and momentum, making it a promising investment option for the long run.

Inventec Corp‘s products, which include notebook computers, desktop computers, workstations, scientific graphic calculators, and electronic dictionaries, are marketed under the brand name “Besta”. With a focus on innovative technology and quality products, the company has established itself as a trusted brand in the market. The Smartkarma Smart Scores further reinforce this reputation, highlighting the company’s potential for long-term growth and resilience. Overall, Inventec Corp is a company with a positive outlook, making it a potential investment opportunity for those looking for a reliable and promising company in the 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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Miniso (MNSO) Earnings Report: Record High Gross Margin at 43.1% with 2Q Revenue of 3.84B Yuan

By | Earnings Alerts
  • MINISO has reported a 2Q revenue of 3.84 billion yuan.
  • The company’s gross margin stands at 43.1%.
  • Adjusted Ebitda margin and net margin are at 25.9% and 17.2% respectively.
  • The number of MINISO stores has increased by 4.9% quarter on quarter to a total of 6,413 stores.
  • MINISO’s adjusted Ebitda is 995.3 million yuan and its adjusted net income is 660.5 million yuan.
  • The company plans to open 900-1,100 net new stores each year from 2024-2028.
  • MINISO also aims to maintain a revenue compound annual growth rate of no less than 20%.
  • Overseas directly operated markets have seen an increase in revenue by more than 80% for three consecutive quarters.
  • In the December Quarter, overseas revenue contributed over 50% of total revenue for the first time.
  • The gross margin for the December quarter was a historical high at 43.1% due to a higher revenue contribution from overseas markets and TOP TOY.
  • Despite potential short-term uncertainties, MINISO remains optimistic about long-term prospects and is committed to diversifying operational risks in overseas markets.
  • The company currently has 16 buys, 0 holds, and 0 sells.

Miniso on Smartkarma

Independent investment research network Smartkarma has recently seen a surge in analyst coverage of Miniso Group (MNSO US), a Chinese retail company known for its affordable household and consumer goods. According to analyst Eric Wen, Miniso‘s domestic store sales have shown a 35% year-on-year increase during the 2024 Chinese New Year holiday, with overall revenue expected to rise by 26% in the first quarter of 2024. Wen maintains a BUY rating on the stock with a target price of US$33 per American Depositary Share (ADS).

In another report, Wen highlights Miniso‘s Investor Day, where management outlined their strategy for growth through connections with the Chinese supply chain. This is expected to result in higher revenue and non-GAAP net income for the company. Wen maintains a bullish stance on the stock and raises his target price to US$33 per ADS.

During a recent conference call, Miniso‘s management reassured investors and refuted claims made by a short seller, leading analysts to recommend buying the stock. Wen also notes that the company’s business model remains solid. He reiterates his BUY rating and target price of US$31 per ADS.

However, Wen also highlights concerns about Miniso‘s overseas distributor slowdowns and inventory issues, which have been exacerbated by US interest rates. He maintains a BUY rating but lowers his target price to US$31 per ADS.

Meanwhile, analyst Shawn Yang notes that Miniso‘s expansion into North America has shown promising results, leading to an increase in top line and operating profit estimates for 2024 and 2025. Yang maintains a BUY rating and raises his target price to US$30.5 per ADS. Overall, the analyst coverage on Smartkarma suggests a positive outlook for Miniso‘s future growth prospects.


A look at Miniso Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth5
Resilience5
Momentum2
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

The future looks bright for Miniso, the popular value retailer known for its aesthetically pleasing and affordable products. According to Smartkarma’s Smart Scores, the company has received high marks in key areas such as growth, resilience, and dividends. This indicates a positive long-term outlook for the company, as it continues to expand its presence globally and attract customers with its unique offerings.

With a score of 5 for both growth and resilience, Miniso is well-positioned to continue its upward trajectory in the retail market. The company’s commitment to providing good-quality products at affordable prices has resonated with consumers, resulting in strong momentum and a score of 2 in that category. This, coupled with a solid score of 4 for dividends, makes Miniso a promising investment for those looking for long-term returns. Overall, Smartkarma’s Smart Scores paint a promising picture for the future of Miniso Group Holding.


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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Wharf Holdings (4) Earnings Surpass Estimates with FY Revenue Reaching HK$18.95 Billion

By | Earnings Alerts
  • Wharf’s fiscal year (FY) revenue has exceeded estimates, reaching HK$18.95 billion.
  • The estimated revenue was initially set at HK$16.42 billion.
  • The company’s property development revenue accounted for nearly half of the total, reaching HK$8.56 billion.
  • Wharf declared a second interim dividend per share of 20 Hong Kong cents.
  • The company’s stock has a mixed review with 2 buys, 4 holds, and 4 sells.

Wharf Holdings on Smartkarma

Wharf Holdings (4 HK) has been in the spotlight lately due to improved liquidity and a recent stock price rally. According to independent analyst Brian Freitas, this could lead to a big impact from passive buying in the next 2 months. This could create a liquidity event and potentially drive the stock price even higher. In fact, Wharf Holdings (4 HK) is currently trading cheaper than its peers on key metrics such as EV/Sales, EV/EBITDA, and price to book value. With the stock already starting to move higher, there could be even more gains in the coming month.


A look at Wharf Holdings Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE3.2

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

The long-term outlook for Wharf Holdings, a real estate development and investment company, looks promising according to Smartkarma’s Smart Scores. The company has received a score of 3 for both value and growth, indicating a strong potential for future growth and a solid value proposition. Additionally, Wharf Holdings has a score of 3 for resilience, indicating a stable and secure business model.

However, the company’s dividend score is lower at 2, suggesting that investors may not see high returns in the form of dividends. On the other hand, Wharf Holdings has received a perfect score of 5 for momentum, indicating strong positive momentum and potential for future success. Overall, Wharf Holdings appears to be a solid investment option with positive long-term prospects, particularly in the areas of growth and resilience.

Based on the company’s description, Wharf Holdings operates a diverse portfolio of businesses including real estate, hotels, logistics, and telecommunications. This diversity may contribute to the company’s strong scores in value, growth, and resilience. With a perfect score for momentum, Wharf Holdings seems to be on a positive trajectory for the future. Investors may want to keep an eye on this company as it continues to expand and evolve its various business ventures.


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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Jollibee Foods (JFC) Earnings Soar in 4Q, Net Income Hits 1.94B Pesos: All-Time High Revenue Expected to Triple in 5 Years

By | Earnings Alerts
  • Jollibee’s 4Q net income was 1.94 billion pesos, a significant increase from 320 million pesos year on year.
  • The company’s revenue was 66.70 billion pesos, marking an 8.4% increase year on year.
  • Earnings per share (EPS) stood at 1.641 pesos, compared to 18.6 centavos year on year, beating the estimated 1.56 pesos.
  • Operating income rose by 33% year on year to 2.51 billion pesos.
  • Earnings before interest, taxes, depreciation, and amortization (EBITDA) was 9.35 billion pesos, up by 14% year on year.
  • For the year 2023, net income was 8.77 billion pesos, marking a 16% increase year on year. This was slightly below the estimated 8.96 billion pesos.
  • Revenue for 2023 was 244.11 billion pesos, a 15% increase year on year, slightly exceeding the estimated 243.14 billion pesos.
  • Operating income for 2023 rose by 45% year on year to 14.41 billion pesos.
  • Jollibee projects system-wide sales growth of 10%-14% in 2024.
  • The company also expects same-store sales growth of 5%-7% in 2024.
  • Operating profit is anticipated to rise by 10%-15% in 2024.
  • Capital expenditure (Capex) for 2024 is projected to be between 20B and 23B pesos.
  • Jollibee plans to open between 700 to 750 stores in 2024.
  • The company aims to ramp up franchising to support expansion, according to the CEO.
  • Jollibee’s CEO, Ernesto Tanmantiong, expresses confidence in tripling the company’s net income in the next five years.
  • The company reported that fiscal year revenue was at an all-time high.
  • There were 19 buys, 1 hold, and 1 sell in terms of stock recommendations.

A look at Jollibee Foods Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience2
Momentum5
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

Jollibee Foods Corporation, the popular fast food chain, has a positive long-term outlook according to Smartkarma’s Smart Scores. The company received a score of 4 for growth, indicating a strong potential for expansion and profitability in the future. This is supported by Jollibee’s consistent success in the fast food industry since its incorporation in 1978, making it a reliable and established brand.

In terms of resilience, Jollibee received a score of 2, indicating moderate stability in the face of economic challenges. However, the company received a perfect score of 5 for momentum, indicating a strong upward trend and positive market sentiment. This is a promising sign for investors and shareholders, as Jollibee continues to grow and gain momentum in the competitive fast food market.

While Jollibee’s value and dividend scores may not be as high as its growth and momentum scores, the overall outlook for the company remains positive. With its established brand, strong growth potential, and positive market momentum, Jollibee Foods Corporation is a company to watch 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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Localiza Rent A Car Sa (RENT3) Earnings: 4Q Net Income Meets Estimates with a 34% Revenue Increase

By | Earnings Alerts
  • Localiza’s net income for the 4th quarter was R$750.9 million, which is an 18% increase from the previous year.
  • This net income met the estimated R$751 million.
  • The company’s revenue was R$7.91 billion, up by 34% from the previous year.
  • However, this was slightly lower than the estimated revenue of R$8.08 billion.
  • The Ebitda was R$2.88 billion, falling short of the estimated R$2.95 billion.
  • The Ebit margin was 44.9%, down from 46.3% the previous year.
  • Ebit was R$1.83 billion, slightly lower than the estimated R$1.85 billion.
  • The net debt/Ebitda ratio was 2.78 times.
  • Looking at the full year results for 2023, the net income was R$2.48 billion, a decrease of 9.7% from the previous year.
  • On the investment front, there were 12 buys and 4 holds, with no sells.

A look at Localiza Rent A Car Sa Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth3
Resilience3
Momentum3
OVERALL SMART SCORE2.4

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

Localiza Rent A Car Sa, a company that rents automobiles, has a promising long-term outlook according to the Smartkarma Smart Scores. The company scored a 2 out of 5 for value, indicating that it may be undervalued in the market. Additionally, with a score of 3 for both growth and resilience, Localiza shows potential for future expansion and stability in the face of challenges. The company also scored a 3 for momentum, suggesting positive market sentiment and potential for continued growth. However, with a score of 1 for dividends, investors may not see significant returns in the form of dividends from Localiza. Overall, the Smart Scores indicate a positive outlook for Localiza Rent A Car Sa as it continues to operate and expand primarily through airport locations in Brazil and other parts of Latin America, while also offering additional services such as used car sales and fleet management.


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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Centene Corp (CNC) Earnings: Maintains FY Adjusted EPS Forecast, Set to Present at Barclays Healthcare Conference

By | Earnings Alerts
  • Centene is maintaining its Full Year Adjusted Earnings Per Share (EPS) forecast.
  • The company still sees an adjusted EPS above $6.70.
  • The estimated EPS is $6.72.
  • Centene will present at the Barclays 26th Annual Global Healthcare Conference.
  • The conference will take place on Tuesday, March 12, 2024, at 8:00 a.m. EDT.
  • The company’s stock has received 12 buy ratings, 8 hold ratings, and 0 sell ratings.
  • A conference call is scheduled for 8:30 a.m. New York time on April 26.

A look at Centene Corp Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth4
Resilience3
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

Centene Corporation, a multi-line managed care organization, has a promising long-term outlook according to the Smartkarma Smart Scores. With a score of 4 in both Value and Growth, the company is expected to perform well in terms of financial stability and potential for growth. This is supported by the fact that Centene provides Medicaid and Medicaid-related programs, which are in high demand and have a stable revenue stream. Additionally, the company offers specialty services such as behavioral health and nurse triage, which further diversify its business and contribute to its growth potential.

However, Centene scores lower in Dividend and Resilience with scores of 1 and 3 respectively. This means that the company may not be as strong in terms of dividend payouts and may face some challenges in the face of market volatility. Nevertheless, Centene still receives a high score of 4 in Momentum, indicating that it has strong momentum and is performing well in the current market. Overall, Centene Corporation is a well-established and diverse company with a positive outlook for the future.


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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Casey’s General Stores (CASY) 3Q Earnings Beat Estimates Amid Strong Grocery & Prepared Food Sales

By | Earnings Alerts
  • Casey’s 3Q EPS beat estimates with $2.33 versus last year’s $2.67, surpassing the estimate of $2.13.
  • Adjusted Ebitda was $218.7 million, a decrease of 1.9% from last year, but it exceeded the estimate of $209.6 million.
  • The revenue remained the same as last year at $3.33 billion, falling short of the estimated $3.54 billion.
  • Fuel revenue was at $2.05 billion, marking a 4.9% decrease from last year, lower than the estimated $2.27 billion.
  • Grocery & General Merchandise revenue increased by 8.8% from last year to $865.5 million, slightly below the estimate of $866.5 million.
  • Prepared Food & Dispensed Beverage revenue was $349.4 million, up by 11% from last year, almost meeting the estimate of $349.5 million.
  • Other revenue decreased by 5.3% from last year to $62.6 million, lower than the estimated $68.6 million.
  • Same-store gallons decreased by 0.4%, lower than the estimated increase of 0.18%.
  • Same-store grocery sales increased by 2.8%, slightly higher than the estimated 2.58%.
  • Same-store prepared food sales increased by 7.5%, surpassing the estimated 6.08%.
  • Fuel gross profit was $257.2 million, a decrease of 2% from last year, lower than the estimated $262.4 million.
  • Total operating expenses are expected to increase by 6% to 8%, but same-store operating expenses excluding credit card fees are expected to only increase by approximately 3% for the year.
  • Fiscal 2024 EBITDA growth is expected to align with the long-term strategic plan’s goal of 8% to 10%.
  • Depreciation and amortization are expected to be approximately $350 million for the year and the purchase of property and equipment is expected to be between $500 to $550 million.
  • The tax rate is expected to be approximately 23% to 25% for the year.
  • Inside same-store sales were driven by prepared food and dispensed beverage, with whole pies and hot sandwiches performing exceptionally well.

Casey’S General Stores on Smartkarma

According to a recent report by Baptista Research on Smartkarma, Casey’s General Stores is making bold moves in expanding into new territories, and it seems to be paying off. The report, titled “Casey’s General Stores: Initiation of Coverage – Exploding Across New Territories – How Their Bold Expansion is Winning the Market! – Major Drivers“, highlights the company’s strong performance in the previous quarter and provides a fundamental analysis of its historical financial statements.

The report, which is the first on Casey’s General Stores by Baptista Research, notes that the company delivered strong second-quarter results. This is a positive sign for investors, as it indicates the company’s ability to perform well even during challenging times. With top independent analysts like Baptista Research publishing research on companies like Casey’s General Stores on Smartkarma, investors can make informed decisions about their investments.


A look at Casey’S General Stores Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth4
Resilience3
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

According to the Smartkarma Smart Scores, Casey’s General Stores has a positive long-term outlook. The company has an overall score of 3 out of 5, indicating a good outlook for the future.

Casey’s General Stores, Inc. is a convenience store chain that operates in the Midwest. Their stores, known as Casey’s General Store, offer a variety of products including food, drinks, tobacco, beauty products, and automotive items. They also sell gasoline. With a score of 3 for value, 2 for dividend, and 4 for both growth and momentum, the company is showing promising signs of success 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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Oracle Corp (ORCL) Earnings: 3Q Adjusted Revenue Matches Estimates, Cloud Revenue Surges

By | Earnings Alerts
  • Oracle’s 3Q adjusted revenue matched estimates at $13.28 billion, showing a 7.1% increase year on year.
  • Adjusted earnings per share (EPS) were $1.41, up from $1.22 the previous year, and above the estimated $1.38.
  • Cloud revenue, which includes Infrastructure as a Service (IaaS) and Software as a Service (SaaS), was $5.1 billion. This is a 24% increase year on year and slightly above the estimated $5.06 billion.
  • When considering constant currency, the increase in cloud revenue (IaaS plus SaaS) also stands at 24%, which is slightly below the estimated 24.7%.
  • Cloud services and license support revenue was $9.96 billion, marking a 12% increase year on year, and above the estimated $9.85 billion.
  • Cloud license and on-premise license revenue were slightly down at $1.26 billion, a 2.5% decrease year on year, but still above the estimated $1.2 billion.
  • Hardware revenue was $754 million, down 7% year on year, and below the estimated $768.9 million.
  • Service revenue was also down at $1.31 billion, a 5% decrease year on year, and below the estimated $1.37 billion.
  • Adjusted operating income was $5.79 billion, a 12% increase year on year, and above the estimated $5.71 billion.
  • Adjusted operating margin stood at 44%, up from 42% the previous year, and above the estimated 42.9%.
  • Oracle received 18 buy ratings, 17 hold ratings, and 1 sell rating.

Oracle Corp on Smartkarma

Recently, Oracle Corporation’s performance has been closely examined by analysts on Smartkarma, an independent investment research network. According to research reports by Baptista Research, one of the top analysts on the platform, Oracle’s results for the previous quarter were mixed. While the company’s revenues fell below analyst expectations, they still managed to exceed earnings expectations. This was largely attributed to the strong growth of their cloud services and license support, which saw a significant increase of $1 billion this quarter.

Furthermore, Baptista Research also uncovered the strategies behind Oracle’s booming cloud services and other offerings in another report. The company’s total revenue for the quarter stood at $12.4 billion, an 8% increase from the previous year. This was driven by their strategic cloud applications, the Autonomous Database, and Gen2 Oracle Cloud Infrastructure. In particular, their Infrastructure Cloud services revenue saw a staggering growth of 64%, reaching $5.1 billion. With these positive developments, analysts on Smartkarma have a bullish outlook on Oracle’s future performance.


A look at Oracle Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE2.4

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

Oracle Corp, a leading provider of software for managing business information, has been given a Smart Score of 3 out of 5 for its long-term outlook. This score is a composite of several factors including value, dividend, growth, resilience, and momentum. While not the highest score possible, it indicates a positive outlook for the company.

According to the Smartkarma Smart Scores, Oracle Corp scores a 2 in both value and resilience, indicating that the company is reasonably priced and has a solid financial foundation. It also scores a 2 in dividends, meaning it pays out a stable dividend to shareholders. In terms of growth and momentum, Oracle Corp scores a 3, suggesting that the company has potential for future growth and is performing well in the market.

Overall, these scores paint a positive picture for Oracle Corp and its future prospects. With a strong focus on enterprise software and a wide range of products that can be used on various devices, the company is well-positioned for continued success 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars