Category

Earnings Alerts

Steel Authority of India (SAIL) Earnings Fail to Meet Estimates as Net Income Plunges 93%

By | Earnings Alerts
  • 1Q Net Income: 106.8 million rupees, down 93% year-over-year; estimated at 7.7 billion rupees.
  • Revenue: 240 billion rupees, down 1.5% year-over-year; estimated at 247.05 billion rupees.
  • Total Costs: 238.7 billion rupees, down 3% year-over-year.
  • Raw Material Costs: 136.7 billion rupees, down 10% year-over-year; estimated at 121.51 billion rupees.
  • Finance Cost: 6.91 billion rupees, up 13% year-over-year; estimated at 6.4 billion rupees.
  • Other Expenses: 69.4 billion rupees, up 1.9% year-over-year; estimated at 71.24 billion rupees.
  • Other Income: 2 billion rupees, down 55% year-over-year.
  • EBITDA: 24.2 billion rupees, up 16% year-over-year; estimated at 24.48 billion rupees.
  • Exceptional Loss: 3.12 billion rupees due to employee allowances payment.
  • Stock Recommendations: 1 buy, 6 holds, 19 sells.

A look at Steel Authority of India Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE3.8

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

Steel Authority of India Limited, an integrated steel manufacturing company with a diverse product range including pig iron, steel ingots, and stainless steel, presents a solid long-term outlook according to Smartkarma Smart Scores. With a top score in Value indicating strong fundamentals, coupled with above-average scores in Dividend and Momentum, the company is positioned well for growth and income potential. Although Growth and Resilience scores are slightly lower, the overall outlook remains positive for Steel Authority of India.

The Government of India’s majority ownership in the company adds a layer of stability and support, further enhancing investor confidence in its long-term prospects. With a robust Value score of 5 reflecting strong fundamentals, a respectable Dividend score of 4, and promising Momentum at 4, Steel Authority of India‘s overall outlook remains bright, making it an attractive option for those eyeing long-term investments in the steel industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Biocon Ltd (BIOS) Earnings: 1Q Net Income Surges to 6.6 Billion Rupees, Beating Estimates

By | Earnings Alerts
  • Net Income: Biocon’s net income for Q1 is 6.6 billion rupees, a significant increase compared to 1.01 billion rupees last year, and well above the estimated 1.69 billion rupees.
  • Revenue: The company reported revenues of 34.3 billion rupees, a slight increase of 0.3% year-over-year but below the estimated 39.5 billion rupees.
  • Generics Revenue: Revenue from generics decreased by 5.9% year-over-year to 6.59 billion rupees, falling short of the estimated 7.24 billion rupees.
  • Biosimilars Revenue: Biosimilars revenue increased by 3.5% year-over-year to 20.8 billion rupees, although it missed the estimates of 21.75 billion rupees.
  • Research Services Revenue: The research services segment saw a 2.2% decrease in revenue, totaling 7.9 billion rupees, lower than the estimated 8.92 billion rupees.
  • Total Costs: Total costs for the company rose by 4.5% year-over-year to 34.5 billion rupees.
  • Finance Costs: Finance costs were 2.36 billion rupees, a 1.3% increase year-over-year, slightly above the estimate of 2.25 billion rupees.
  • Other Income: The company reported other income of 11.3 billion rupees for Q1, primarily from Bicara, compared to 935 million rupees last year.
  • Analyst Ratings: The stock has received 7 buy ratings, 3 hold ratings, and 7 sell ratings.

A look at Biocon Ltd Smart Scores

FactorScoreMagnitude
Value4
Dividend2
Growth3
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

With a high Value score of 4 and strong Momentum score of 4, the long-term outlook for Biocon Ltd appears promising. As an integrated biotechnology company, Biocon is well-positioned to deliver solid returns to investors due to its attractive valuation and positive market momentum. Additionally, the company’s focus on innovation and growth, reflected in its Growth score of 3, provides further upside potential.

While Biocon’s Dividend score of 2 indicates a lower dividend yield compared to some other companies, its Resilience score of 3 suggests the company has a stable operating environment. Overall, Biocon Ltd‘s diversified portfolio of pharmaceutical products, specialty enzymes, and research services underscores its position as a versatile player in the biotechnology sector with a favorable long-term outlook.


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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Life Insurance of India (LICI) Earnings Soar: 1Q Net Income Rises 9.6% to 104.6B Rupees

By | Earnings Alerts
  • Net Income Growth: LIC’s net income reached 104.6 billion rupees in 1Q, showing a 9.6% increase year-over-year (YoY) compared to 95.4 billion rupees last year.
  • Premium Income Surge: Net premium income grew by 16% YoY, amounting to 1.14 trillion rupees.
  • Investment Income Rise: The company’s net investment income increased by 6.5% YoY, totaling 961.8 billion rupees.
  • Improved Asset Quality: Gross non-performing assets (NPAs) decreased slightly to 1.95%, compared to 2.01% in the previous quarter.
  • Stronger Solvency: Solvency ratio improved to 199%, up from 189% in the previous year.
  • Significant Other Income Growth: Other income rose by 92% YoY, reaching 1.45 billion rupees.
  • Analyst Recommendations: There are 13 buy ratings, 4 hold ratings, and 3 sell ratings for LIC.

A look at Life Insurance of India Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth3
Resilience4
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, Life Insurance of India is positioned favorably for long-term growth and stability. With top scores in Value and strong ratings in Dividend, Resilience, and Momentum, the company demonstrates a robust overall outlook. While Growth scored slightly lower, the company’s strong fundamentals and dividend payouts indicate a solid foundation for potential expansion.

Life Insurance of India, operated by the Life Insurance Corporation of India, offers a range of insurance products including life, pension, health, and micro insurance services to customers in India. The company’s high Value score reflects its attractive investment opportunity, supported by steady dividends, resilience in challenging market conditions, and positive momentum. These factors collectively suggest a promising long-term outlook for Life Insurance of India in the insurance 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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Oil India Ltd (OINL) Earnings: 1Q Net Income Falls Short of Estimates Despite Revenue Growth

By | Earnings Alerts
  • Oil India’s net income for the first quarter is 14.7 billion rupees, which is 8.7% lower than a year ago and below the estimated 16.82 billion rupees.
  • The company’s revenue stands at 58.4 billion rupees, up 26% year-over-year, surpassing the estimated 56.03 billion rupees.
  • Total costs have surged to 40.3 billion rupees, marking a 40% increase from the previous year.
  • Other income is reported at 1.62 billion rupees, a significant 51% drop compared to the previous year.
  • Analysts’ ratings for Oil India include 15 buys, 2 holds, and 2 sells.

A look at Oil India Ltd Smart Scores

FactorScoreMagnitude
Value4
Dividend5
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

Oil India Ltd, a company engaged in the exploration and production of crude oil and natural gas, presents a promising long-term outlook. With strong scores in Dividend and Growth, it indicates a solid track record of sustainable payouts to investors and potential for future expansion. Additionally, its high Value score suggests that the company is currently priced attractively in relation to its fundamentals. This, coupled with a respectable Momentum score, signifies that Oil India Ltd is positioned for potential growth in the near future.

Despite a slightly lower score in Resilience, which may indicate some level of vulnerability to external factors, the overall assessment of Oil India Ltd appears positive. Investors looking for a company with a focus on dividends, growth opportunities, and value may find Oil India Ltd to be a promising addition to their portfolio, given its strong Smart Scores across key factors.


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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PTT Oil & Retail Business (OR) Earnings: 2Q Net Income Hits 2.54 Billion Baht with EPS of 0.21 Baht

By | Earnings Alerts
  • PTT Oil & Retail 2Q Net Income: 2.54 billion baht
  • Earnings Per Share (EPS): 0.21 baht
  • Analyst Recommendations:
    • 13 buys
    • 11 holds
    • 2 sells

A look at PTT Oil & Retail Business Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience4
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

Analysts using the Smartkarma Smart Scores have assessed the long-term outlook for PTT Oil & Retail Business. With scores indicating moderate to strong performance across key factors, the company appears positioned for steady growth. PTT Oil & Retail Business, a distributor of petroleum products in Thailand, scored well in Growth and Resilience, highlighting its potential for expansion and ability to withstand market challenges.

While Value and Momentum scores were more conservative, the company’s solid performance in Dividend underscores its commitment to shareholder returns. Overall, PTT Oil & Retail Business seems well-positioned to navigate market fluctuations and capitalize on growth opportunities in the oil and retail sector, reflecting a positive outlook for the company’s future prospects.


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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Eicher Motors (EIM) Earnings: 1Q Net Income Surges 20%, Beating Estimates by 8%

By | Earnings Alerts
  • Eicher’s net income for the first quarter reached 11 billion rupees, a 20% increase year-over-year (y/y).
  • The net income surpassed the estimated 10.16 billion rupees.
  • Revenue for the first quarter was 43.9 billion rupees, up by 10% y/y.
  • The revenue also exceeded the expected 43.07 billion rupees.
  • Other income amounted to 2.82 billion rupees, showing a 16% y/y growth.
  • Total costs for the quarter stood at 34.1 billion rupees, an increase of 9.3% y/y.
  • Analyst recommendations: 17 buys, 11 holds, and 14 sells.

A look at Eicher Motors Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.6

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

Based on the Smartkarma Smart Scores, Eicher Motors has a positive long-term outlook. With solid ratings in Dividend, Growth, Resilience, and Momentum, the company appears to be in a strong position for future growth and stability. Eicher Motors‘ high scores in these key areas indicate a company that is well-rounded and performing well across various factors that are crucial for long-term success in the market.

Eicher Motors Ltd., known for manufacturing light commercial vehicles, two-wheelers, and automotive gears, is positioned for a promising future based on its Smartkarma Smart Scores. Investors may find Eicher Motors attractive due to its strong performance in important areas like Dividend, Growth, Resilience, and Momentum. These scores suggest that Eicher Motors is a company with good prospects for sustained growth and resilience 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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Petronet LNG (PLNG) Earnings: Gujarat Petronet 1Q Net Income Surpasses Estimates Despite Revenue Drop

By | Earnings Alerts
  • Gujarat Petronet’s net income for Q1 is 2.12 billion rupees, surpassing estimates of 1.94 billion rupees.
  • Year-over-year net income decreased by 7.4%.
  • The company reported revenue of 3.54 billion rupees, which is a 20% drop year-over-year and below the estimated 4.21 billion rupees.
  • Total costs for the quarter were 1.04 billion rupees, down 32% year-over-year.
  • Finance costs increased by 30% year-over-year to 12.8 million rupees, but were lower than the estimated 16.4 million rupees.
  • Other income significantly increased by 82% year-over-year to 328 million rupees.
  • Currently, there are 11 buy recommendations, 8 hold recommendations, and 6 sell recommendations for Gujarat Petronet.

Petronet LNG on Smartkarma

Analyst coverage of Petronet LNG on Smartkarma highlights a bullish outlook on the company’s prospects in India’s natural gas sector. Sudarshan Bhandari‘s research report “The Beat Ideas- Petronet LNG: Driving Growth in India’s Natural Gas Sector” emphasizes Petronet LNG as a key player in the country’s natural gas market. The report mentions the company’s strategic position in a market where energy demand is on the rise. With planned investments in expanding the Dahej Plant, as well as the upcoming Petchem project, Petronet LNG is poised to capitalize on the increasing share of natural gas in India’s energy mix, targeting 15% by 2030. Management anticipates a 20% volume growth, underlining the company’s potential for expansion.


A look at Petronet LNG Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth3
Resilience5
Momentum0
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, Petronet LNG appears to have a positive long-term outlook. With strong scores in Dividend and Resilience, the company demonstrates stability and a commitment to rewarding its investors. Additionally, its association with major players in the industry such as GAIL, ONGC, IOC, BPCL, and GAZ de France adds to its credibility and strategic positioning within the market.

While Petronet LNG shows potential in terms of dividend payouts and resilience, areas such as Momentum seem to be lacking. However, with a focus on value, growth, and the ability to withstand market challenges, the company’s overall outlook suggests a solid foundation for continued success in the LNG 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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Thai Beverage (THBEV) Earnings: 9M Revenue Hits 217.06B Baht with Strong Performance Across Segments

By | Earnings Alerts
  • ThaiBev reported a 9-month revenue of 217.06 billion baht.
  • The company’s EBITDA for this period was 38.60 billion baht.
  • Revenue from spirits amounted to 92.79 billion baht.
  • Beer revenue was slightly higher, at 93.79 billion baht.
  • Revenue from non-alcoholic beverages totaled 15.55 billion baht.
  • Analysts’ recommendations include 10 buys, 4 holds, and 0 sells.

Thai Beverage on Smartkarma

Analysts on Smartkarma have provided mixed coverage on Thai Beverage. David Blennerhassett‘s bullish insight titled “Charoen Rearranges ThaiBev and TCC’s Deckchairs” suggests buying on significant dips due to a stake swap with TCC Assets. On the other hand, Devi Subhakesan‘s bearish view in “Thai Bev to Get F&N Stake from Promoters At Book Value than Fair Market Value” highlights concerns over the stake acquisition’s limited shareholder value.

Angus Mackintosh‘s optimistic report “Thai Beverage (THBEV SP) – Increasingly Streamlined SEA F&B Play” praises Thai Bev’s streamlined focus post-restructurings, deserving a higher valuation. Still, Devi Subhakesan‘s bearish standpoint in “Thai Bev (THBEV SP): Exits Property, Boosts F&N Stake. Deal Valuation Seem Excessive” questions the deal’s valuation and its impact on Thai Beverage shareholders. Analyst sentiment remains divided on the company’s strategic moves and valuation implications.


A look at Thai Beverage Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE3.4

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

Thai Beverage Public Company Limited, a leading producer of branded beer and spirits in Thailand, is positioned for a promising long-term outlook based on Smartkarma Smart Scores. With a solid Dividend score of 4, investors can expect attractive returns through regular dividend payments. Additionally, the company’s strong Momentum score of 5 indicates positive market sentiment and potential for sustained growth in the future. Although the Value score is moderate at 2, the Growth and Resilience scores of 3 each suggest a stable performance and opportunities for expansion. Overall, Thai Beverage‘s favorable Smart Scores reflect a well-rounded outlook for the company’s future prospects.


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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Parker Hannifin (PH) Earnings: Q4 Adjusted EPS Exceeds Expectations at $6.77

By | Earnings Alerts
  • Parker-Hannifin reported adjusted earnings per share (EPS) of $6.77 for the fourth quarter, higher than both last year’s $6.08 and the estimated $6.20.
  • The company’s net sales rose to $5.19 billion, marking a 1.8% increase from the previous year; this also surpassed the estimated $5.08 billion.
  • Net sales for Aerospace Systems Diversified Industrial reached $1.53 billion, a significant 19% increase year-over-year, exceeding the $1.44 billion estimate.
  • The stock market analysts’ ratings include 17 buys, 2 holds, and 1 sell.

Parker Hannifin on Smartkarma

Analysts at Smartkarma, including Baptista Research, have provided positive coverage of Parker Hannifin Corporation’s recent performance and prospects. In their report titled “Evolution of Win Strategy 3.0 and Margin Expansion! – Major Drivers,” the analysts highlighted the company’s strong third-quarter performance in Fiscal Year 2024, with record sales of $5.1 billion and a 150 basis point improvement in margins. The CFO attributed the success to impressive operating performance, particularly in the aerospace segment.

In another report by Baptista Research, titled “Increased Global Frontline Performance & Improved Margins Saving The Day? – Major Drivers,” Parker Hannifin‘s latest earnings were discussed. The company reported record sales of $4.8 billion in Q2, with a 3% year-on-year progression. Analysts expressed confidence in sustaining growth and expanding segment operating margins, primarily driven by the Aerospace Systems segment. Overall, the coverage on Smartkarma reflects a bullish sentiment towards Parker Hannifin Corporation’s performance and future prospects.


A look at Parker Hannifin 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

Based on the Smartkarma Smart Scores, Parker Hannifin Corporation shows a mixed outlook for the long term. While the company boasts a strong Growth score of 4, indicating promising potential in expanding its operations, other factors such as Value, Dividend, Resilience, and Momentum received more moderate scores ranging between 2 and 3. This suggests that Parker Hannifin may face challenges in terms of its investment value, dividend payments, ability to withstand economic shocks, and maintaining consistent stock performance.

Parker Hannifin Corporation is a manufacturing giant that specializes in motion control products and various related components. With a diverse product portfolio encompassing fluid power systems, electromechanical controls, fluid purification, and more, the company plays a vital role in industries such as air conditioning, refrigeration, and process instrumentation. Considering the Smartkarma Smart Scores, investors looking at Parker Hannifin should take note of its strong Growth score but also be mindful of the more moderate scores in other key areas that could impact its overall long-term 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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Nova Measuring Instruments (NVMI) Earnings: Q3 Adjusted EPS Forecast Surpasses Estimates

By | Earnings Alerts
  • Nova’s third-quarter adjusted EPS forecast is $1.60 to $1.73, beating the estimate of $1.36.
  • Revenue for the third quarter is projected to be between $168 million and $176 million.
  • Regular EPS for the third quarter is expected to be between $1.39 and $1.52.
  • In the second quarter, Nova reported adjusted EPS of $1.61, significantly higher than last year’s $1.06 and beating the estimate of $1.32.
  • Total revenue for the second quarter was $156.9 million, marking a 28% increase year-over-year and surpassing the $148 million estimate.
  • Products revenue for the second quarter reached $124.6 million, a 30% year-over-year increase, beating the $117.5 million estimate.
  • Services revenue for the second quarter was $32.3 million, a 19% year-over-year increase, exceeding the $30.6 million estimate.
  • Adjusted net income for the second quarter was $52.0 million, a 54% year-over-year increase, surpassing the $43.9 million estimate.
  • The adjusted gross margin for the second quarter was 61%, higher than last year’s 59% and beating the 58.6% estimate.
  • Nova’s shares rose by 2.1% in pre-market trading to $184.71 with 4,020 shares traded.
  • Analyst ratings for Nova include 7 buys, 1 hold, and 0 sells.

A look at Nova Measuring Instruments Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience4
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

Nova Measuring Instruments Ltd., a company that develops monitoring and measurement systems for the semiconductor industry, has been assigned Smartkarma Smart Scores across different factors. With promising scores in Growth, Resilience, and Momentum, Nova Measuring Instruments seems poised for long-term success in the market. The company’s strong growth potential, resilience in challenging times, and positive momentum signify a favorable outlook for investors looking to capitalize on the semiconductor sector’s growth.

While Nova Measuring Instruments may have scored lower in the Value and Dividend categories, its impressive ratings in Growth, Resilience, and Momentum suggest a company with a forward-looking approach and a competitive edge in the semiconductor industry. Investors seeking exposure to a company with strong growth prospects and operational stability might find Nova Measuring Instruments an attractive long-term investment option based on its overall Smartkarma Smart Scores.


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