Category

Earnings Alerts

Netflix Inc (NFLX) Earnings: 2Q Streaming Subscriptions Surge Past Estimates

By | Earnings Alerts
  • Netflix second quarter results:
    • Streaming paid net change: +8.05 million (+37% y/y), beating the estimate of +4.87 million.
    • UCAN region: +1.45 million (+24% y/y), beating the estimate of +1.19 million.
    • EMEA region: +2.24 million (-7.8% y/y), beating the estimate of +1.56 million.
    • LATAM region: +1.53 million (+25% y/y), beating the estimate of +955,125.
    • APAC region: +2.83 million, beating the estimate of +1.25 million.
  • Financial highlights:
    • Revenue: $9.56 billion (+17% y/y), beating the estimate of $9.53 billion.
    • Streaming paid memberships: 277.65 million (+16% y/y), beating the estimate of 273.78 million.
    • EPS: $4.88 vs. $3.29 y/y, beating the estimate of $4.74.
    • Operating margin: 27.2% vs. 22.3% y/y, beating the estimate of 26.5%.
    • Operating income: $2.60 billion (+42% y/y), beating the estimate of $2.54 billion.
    • Free cash flow: $1.21 billion (-9.4% y/y), missing the estimate of $1.61 billion.
  • Third quarter forecast:
    • Revenue: $9.73 billion, below the estimate of $9.83 billion.
    • EPS: $5.10, above the estimate of $4.74.
    • Operating margin: 28.1%, above the estimate of 25.7%.
  • Year forecast:
    • Sees operating margin: 26%, previously 25%, matching the estimate of 25%.
    • Free cash flow: about $6 billion, below the estimate of $6.59 billion.
  • Other key points:
    • Year reported revenue growth now expected at 14%-15%, previously 13%-15%.
    • 3Q net adds expected to be lower vs. last year’s first full quarter impact from paid sharing.
    • Ad revenue growing nicely but not expected to be a primary growth driver in 2024 or 2025.
    • Plans to refinance $1.8 billion of maturing debt in the next 12 months.

Netflix Inc on Smartkarma






Analyst Coverage of <a href="https://smartkarma.com/entities/netflix-inc">Netflix Inc</a> on Smartkarma

Analysts on Smartkarma have been actively covering Netflix Inc, providing valuable insights for investors. Analyse Asia with Bernard Leong‘s report, “How Netflix bring Asian Content to the Global Audience with Minyoung Kim,” showcases VP of Content Asia Pacific at Netflix, Min Yong Kim, discussing the importance of understanding audiences and building relationships in the digital media landscape. This bullish sentiment emphasizes the shift towards content creation on digital platforms.

Additionally, Baptista Research delves into Netflix Inc‘s future prospects in reports such as “Netflix Inc.: A Shift In Reporting Focus from Subscriptions to Revenue and Engagement” and “Netflix Inc: Will Its Foray Into Live Entertainment Result In Phenomenal Subscriber Growth?” These reports analyze key developments from Netflix’s earnings calls, strategic shifts in reporting focus, and forays into live entertainment, providing investors with a comprehensive view of the company’s performance and potential drivers of growth.



A look at Netflix Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE2.8

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

Smartkarma Smart Scores provide insight into the overall outlook for Netflix Inc. The company’s high scores in Growth and Momentum indicate strong potential for long-term expansion and market performance. With a focus on constantly evolving its content offerings and technological capabilities, Netflix is positioned to continue its growth trajectory in the competitive streaming industry.

Although Netflix scores lower in Value and Dividend factors, its Resilience score suggests a level of stability during market fluctuations. This, coupled with its robust Growth and Momentum scores, paints a positive picture for Netflix’s long-term outlook as it continues to innovate and adapt to changing consumer preferences in the entertainment 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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Sartorius Stedim Biotech (DIM) Earnings: 1H Revenue Meets Estimates, Adjusts FY 2024 Guidance

By | Earnings Alerts

Listicle Summary

  • 1H Revenue reported at €1.37 billion, slightly below the estimate of €1.38 billion (based on 2 estimates).
  • Underlying EBITDA for 1H stands at €387 million.
  • Company adjusts its guidance for FY 2024.
  • Now expects FY 2024 sales to be at the prior-year level.
  • Forecasted FY 2024 underlying EBITDA margin has been reduced to a range of 27%-29% from over 30%.
  • Medium-term targets up to 2028 remain unchanged.
  • 1H underlying net profit is reported at €165 million.
  • Analyst recommendations include 11 buys, 4 holds, and 1 sell.

A look at Sartorius Stedim Biotech Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience2
Momentum2
OVERALL SMART SCORE2.2

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

Smartkarma Smart Scores provide a snapshot of Sartorius Stedim Biotech‘s long-term outlook across key factors. With moderate scores across Value, Dividend, Resilience, and Momentum, the company shows stability and consistency in its performance. Although not the highest, the Growth score of 3 suggests potential for expansion and development in the future. Sartorius Stedim Biotech‘s focus on developing and manufacturing laboratory technologies for various industries positions it as a reliable player in the pharma and food sectors.

Sartorius Stedim Biotech‘s Smart Scores indicate a balanced position in the market, with room for growth and a solid base across key factors. While the company may not lead in any single aspect, its overall outlook appears steady and promising. As a developer and manufacturer of laboratory equipment for a range of sectors, including pharma and food industries, Sartorius Stedim Biotech‘s strategic positioning underscores its importance in supporting research institutes and laboratories.


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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Sartorius AG (SRT) Earnings: Adjusted EBITDA Margin Decline and FY24 Outlook Revealed

By | Earnings Alerts
  • Adjusted EBITDA margin for the full year 2024 is projected to be between 27% and 29%, down from the previous expectations of over 30%.
  • The company’s adjusted EBITDA margin estimate stands at 29.8%.
  • First half results show sales of €1.68 billion, slightly above the estimated €1.67 billion.
  • Due to high volatility and limited predictability, the company has issued a more cautious outlook for the second half of 2024.
  • In Asia/Pacific, notably in China, market weakness resulted in a 4.7% revenue decrease in constant currencies.
  • The group’s underlying EBITDA declined by 8.8% to €471 million in the first six months, primarily due to volume and product mix effects.
  • Demand normalization has progressed for some products, but customers continue to reduce inventories or are reluctant to invest in other product groups.
  • Sales revenue for 2024 is expected to remain at the prior-year level, with potential for low single-digit negative to low single-digit positive sales development. Previously, sales growth was anticipated in the mid to high single-digit percentage range.
  • The company expects increasingly positive effects from its cost-cutting program, aiming to save over €100 million as the year progresses.
  • Current analyst recommendations include 4 Buys, 3 Holds, and 1 Sell.

A look at Sartorius AG Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience2
Momentum2
OVERALL SMART SCORE2.2

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 reviewing the Smartkarma Smart Scores for Sartorius AG have provided an overall outlook for the company’s long-term prospects. With a mixed bag of scores across various factors, Sartorius AG has scored averagely in Value, Dividend, Resilience, and Momentum, indicating room for improvement. However, the company has shown promise in terms of Growth with a score of 3, suggesting potential for expansion and development in the future. Sartorius AG, known for its precision electronic equipment and components, has a diverse product line catering to laboratory, industrial, and scientific needs worldwide.

Although facing some challenges in areas like Value and Resilience, the company’s growth prospects stand out as a positive indicator. Investors may want to keep an eye on how Sartorius AG leverages its strengths in Growth to enhance its overall performance and market position over the long term. With a strategic focus on precision scales, biomolecular equipment, and purification technologies, Sartorius AG continues to position itself as a key player in the global market for specialized electronic instruments and solutions.


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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Sartorius AG (SRT) Earnings: FY Adjusted EBITDA Margin Forecast Revised to 27%-29%, Slightly Below Estimates

By | Earnings Alerts
  • Profit Margin Outlook: Expected adjusted EBITDA margin is projected to be between 27% to 29%, a decrease from the previously seen over 30%, and slightly lower than the 29.8% estimate.
  • First Half Sales: Reported sales reached €1.68 billion, matching the estimate of €1.67 billion.
  • Market Volatility: Due to high volatility and limited predictability, the company has adopted a more cautious outlook for the second half of the fiscal year 2024.
  • Performance in Asia/Pacific: Continued market weakness in China resulted in a revenue decrease of 4.7% in constant currencies.
  • EBITDA Decline: The group’s underlying EBITDA dropped by 8.8% to €471 million in the first half, mainly due to volume and product mix effects.
  • Customer Behavior: While demand for some products has normalized, customers are still reducing inventories or are hesitant to invest in other product groups.
  • 2024 Sales Revenue Projection: Sales revenue for 2024 is expected to remain at the prior-year level, with slight fluctuations ranging from low single-digit negative to low single-digit positive sales development, compared to mid to high single-digit percentage growth previously observed.
  • Cost-Cutting Benefits: The company anticipates increasingly positive impacts from its cost-cutting program, which aims to save over €100 million, as the year progresses.
  • Analyst Recommendations: The stock has received 4 buy ratings, 3 hold ratings, and 1 sell rating.

A look at Sartorius AG Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience2
Momentum2
OVERALL SMART SCORE2.2

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

Investors eyeing Sartorius AG for the long term are met with a mixed bag of Smartkarma Smart Scores, indicating various aspects of the company’s performance. With a moderate overall growth score of 3, Sartorius AG shows potential for expansion and development in the coming years. However, the Value, Dividend, Resilience, and Momentum scores all hover around the 2 mark, suggesting a more cautious approach may be warranted.

Sartorius AG, a manufacturer of precision electronic equipment and components, stands at a crossroads with its Smartkarma Smart Scores reflecting different facets of its financial health. Despite a promising growth outlook, the company’s overall performance in areas such as value, dividend, resilience, and momentum may give investors pause for thought as they assess the long-term prospects of this global player in precision scales and biomolecular equipment.


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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Sartorius Stedim Biotech (DIM) Earnings: 1H Revenue Meets Estimates, Guidance Adjusted for FY 2024

By | Earnings Alerts

Listicle

  • Sartorius Stedim’s first half revenue for 2024: EU1.37 billion.
  • Revenue estimate by analysts: EU1.38 billion.
  • Underlying EBITDA for the first half: EU387 million.
  • Company adjusted its full-year 2024 guidance.
  • Now expects full-year sales to be at the prior-year level.
  • Forecasts full-year underlying EBITDA margin to be between 27% and 29%.
  • Previous forecast for full-year underlying EBITDA margin was over 30%.
  • No changes to medium-term targets up to 2028.
  • First half underlying net profit: EU165 million.
  • Analyst recommendations: 11 buys, 4 holds, 1 sell.

A look at Sartorius Stedim Biotech Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience2
Momentum2
OVERALL SMART SCORE2.2

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, Sartorius Stedim Biotech shows a mixed long-term outlook. With a Growth score of 3, the company is positioned well for expansion and development. This suggests that Sartorius Stedim Biotech may have potential for increasing its market presence and revenue over time. However, other factors such as Value, Dividend, Resilience, and Momentum all received scores of 2, indicating a more moderate outlook in these areas. This means that while the company may have growth potential, it may face challenges in terms of value, dividends, resilience to market changes, and momentum in the near future.

Sartorius Stedim Biotech develops and manufactures laboratory technologies and equipment for the pharma and food industries, as well as for public research institutes and laboratories. With a focus on serving these sectors, the company plays a crucial role in advancing scientific research and production processes. The mixed Smartkarma Smart Scores for Sartorius Stedim Biotech suggest a nuanced outlook, with opportunities for growth but also areas that may require attention to fully capitalize on its potential 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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Cintas Corp (CTAS) Earnings: Q4 Revenue Matches Estimates with EPS Surging to $3.99

By | Earnings Alerts



Key Points From Cintas 4Q Report

  • Revenue: $2.47 billion, up 8.2% year-over-year (YoY), meeting estimates.
  • EPS (Earnings Per Share): $3.99 compared to $3.33 YoY.
  • Uniform Rental and Facility Services Revenue: $1.91 billion, up 7.8% YoY, meeting estimates.
  • Gross Margin: 49.2% compared to 47.7% YoY, beating the estimate of 48.8%.
  • Fiscal 2025 Revenue Projection: Expected to range between $10.16 billion and $10.31 billion.
  • Fiscal 2025 EPS Projection: Expected to range between $16.25 and $16.75.
  • Effective Tax Rate: Expected to remain at 20.4% in fiscal 2025, consistent with fiscal 2024.
  • Interest Expenses: Projected to be approximately $106.0 million in fiscal 2025, up from $95.0 million in fiscal 2024 due to higher variable rate debt.
  • Analyst Ratings: 9 buys, 7 holds, and 3 sells.



A look at Cintas Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
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

Based on the Smartkarma Smart Scores, Cintas Corp seems to have a promising long-term outlook. With a high growth score of 4 and a strong momentum score of 5, the company appears to be on a solid path for future expansion and market performance. Combined with a resilience score of 3, Cintas Corp demonstrates a level of stability that could contribute to its sustained success.

Cintas Corporation, specializing in corporate identity uniform programs and various services, seems to be positioned favorably for growth and market momentum. While the value and dividend scores are more moderate at 2, the company’s emphasis on growth and resilience, along with its strong momentum, sets a positive tone for its future prospects in the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Chaozhou Three-Circle Group (300408) Earnings Surge: 1H Net Income Up 30%-50%

By | Earnings Alerts
  • Chaozhou CCTC reported a preliminary net income increase of 30% to 50%.
  • The preliminary net income is projected to range between 950.5 million yuan and 1.1 billion yuan.
  • Current analyst ratings for Chaozhou CCTC include 16 buy recommendations.
  • There is 1 hold recommendation and no sell recommendations for the company.

A look at Chaozhou Three-Circle Group Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
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

Chaozhou Three-Circle Group, a manufacturer of advanced ceramics, is positioned for solid long-term growth based on its Smartkarma Smart Scores. With a Growth score of 4 and a Resilience score of 4, the company shows promising potential for future expansion and the ability to withstand market challenges. Additionally, its Momentum score of 5 indicates strong upward momentum in the market, suggesting positive investor sentiment and potential for continued stock price appreciation.

While Chaozhou Three-Circle Group’s Value score of 2 may indicate that the stock is not currently undervalued, its Dividend score of 3 signals a moderate dividend outlook for investors. Overall, the company’s scores suggest a favorable outlook for investors seeking growth opportunities in the advanced ceramics sector.

Summary of the company: Chaozhou Three-Circle Group Co. Ltd. is a leading manufacturer of advanced ceramics, specializing in products such as ceramic ferrules, substrates, and capacitors. Their focus on optic telecommunication, machinery, environmental protection, and new energy industries positions them as a key player in the evolving technological landscape.


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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Vinhomes (VHM) Earnings: 2Q Net Income Rises 11% Y/Y to 10.8T Dong Despite Revenue Decline

By | Earnings Alerts
  • Vinhomes reported a net income of 10.8 trillion dong for the second quarter of 2024, an increase of 11% year-over-year (y/y).
  • Second quarter revenue was 28.2 trillion dong, which is a decrease of 13% y/y.
  • For the first half of 2024, Vinhomes’ revenue was 36.4 trillion dong, showing a decline of 41% y/y.
  • The net income for the first half of 2024 stood at 11.7 trillion dong, down by 46% y/y.
  • Earnings per share (EPS) for the second quarter were 2,477 dong, compared to 2,225 dong during the same period last year.
  • Analyst ratings for Vinhomes include 16 buys, 1 hold, and 0 sells.

Vinhomes on Smartkarma

Analyst coverage of Vinhomes on Smartkarma reveals insights from Brian Freitas, a prominent analyst. In his recent report titled “MarketVector Vietnam Local Index Rebalance: Two Adds and Other Changes,” Freitas mentions the addition of Viettel Construction and EVN Finance to the index on 21 June. This move is expected to result in a substantial one-way trade of US$27m, with Vinhomes being one of the stocks identified for potential investment along with Bank for Foreign Trade of Vietnam and Vingroup Jsc.

Freitas, known for his bullish lean on market trends, highlights the attractive opportunities in Vinhomes and other selected stocks for passive investors. With significant buying potential identified in Vinhomes, this analysis provides valuable insights for investors looking to capitalize on the evolving market dynamics in Vietnam’s real estate sector and beyond.


A look at Vinhomes Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth3
Resilience4
Momentum2
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, Vinhomes shows a promising long-term outlook. With strong scores in Value, Resilience, and Growth, the company is positioned well for the future. The high Value score suggests that Vinhomes is currently undervalued in the market, potentially offering investors a good opportunity. Its Resilience score indicates that the company has shown stability and adaptability in challenging market conditions. Additionally, the Growth score hints at potential expansion and profitability in the coming years. While the Dividend and Momentum scores are lower, the overall positive outlook indicates that Vinhomes may be a solid investment for those seeking long-term growth.

Vinhomes Joint Stock Company, a real estate services provider in Vietnam, has garnered favorable Smartkarma Smart Scores across different categories. Specializing in the sale and leasing of residential complexes and apartments, Vinhomes also offers personalized services, community-building activities, and various facilities to its customers. With a strong emphasis on Value, Resilience, and Growth according to the scores, Vinhomes appears to be a company with solid fundamentals and growth potential in the real estate market. Despite lower scores in Dividend and Momentum, Vinhomes’ overall outlook remains positive, making it an interesting prospect for investors eyeing long-term gains.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Allstate Corp (ALL) Earnings: June Catastrophe Losses Total $230M

By | Earnings Alerts


  • Allstate experienced $230 million in catastrophe losses for June.
  • After-tax losses for June are estimated to be $182 million.
  • The losses for June include 18 events, amounting to $274 million, primarily due to widespread wind and hail.
  • Total catastrophe losses for the second quarter reached $2.12 billion, pre-tax, or $1.67 billion, after-tax.
  • Year-to-date catastrophe losses for June stand at $2.85 billion, pre-tax, or $2.25 billion, after-tax.
  • Analyst ratings include 17 buys, 3 holds, and 3 sells.



Allstate Corp on Smartkarma

Smartkarma, an independent investment research network, features analyst coverage of Allstate Corp by Baptista Research. In their report titled “The Allstate Corporation: A Story Of Expansion through National General Integration! – Major Drivers,” Baptista Research presents a bullish outlook on Allstate Corporation. The report highlights a strong financial performance in the first quarter of 2023, with a significant improvement in net income reaching $1.2 billion. This positive result is attributed to effective execution of the auto insurance profit improvement plan, maintaining attractive margins in homeowners’ insurance, and lower catastrophe losses. Additionally, a notable increase of almost 33% in net investment income is noted, driven by repositioning into longer duration, higher fixed income yields, and improved performance-based valuations.


A look at Allstate Corp Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth2
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

Analysts reviewing the Smartkarma Smart Scores for Allstate Corp indicate a moderate to positive long-term outlook for the company. Allstate Corp scores a 3 in both the Value and Dividend categories, suggesting a solid performance in terms of the company’s value and dividend payout. However, the Growth score of 2 implies a slightly lower growth potential compared to other factors. On the bright side, the Resilience and Momentum scores are both at 3, indicating a stable and steady performance along with positive momentum in the market.

The Allstate Corporation, known for providing property-liability insurance and other types of insurance in the US and Canada, operates primarily through independent brokers. Despite the mixed scores in different categories, the overall outlook for Allstate Corp seems promising with a balance of value, dividend stability, resilience, and market momentum shaping its long-term prospects 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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Abbott Laboratories (ABT) Earnings: Boosts FY Adjusted EPS Forecast and Reports Strong Q2 Results

By | Earnings Alerts
  • Increased Full-Year EPS Forecast: Abbott now expects adjusted EPS for 2024 to be between $4.61 and $4.71, up from the previous forecast of $4.55 to $4.70.
  • Higher Organic Sales Growth: Organic sales growth (excluding COVID-19 testing-related sales) is now projected to be between 9.5% and 10%, up from the previous forecast of 8.5% to 10%.
  • Third Quarter Forecast: Projected adjusted EPS for the third quarter of 2024 is pegged between $1.18 and $1.22, with an estimate of $1.21.
  • Second Quarter Results:
    • Adjusted EPS was $1.14, up from $1.08 year-over-year (y/y) and exceeding the estimate of $1.10.
    • Organic sales (excluding COVID-19 testing-related sales) rose by 9.3%, though down from 11.5% y/y, and met an estimate of 9%.
    • Net sales were $10.38 billion, up 4% y/y and meeting the estimate of $10.38 billion.
    • Nutrition sales stood at $2.15 billion, a 3.6% increase y/y, matching the estimate of $2.15 billion.
    • Diagnostics sales were $2.20 billion, a 5.3% decline y/y and slightly below the estimate of $2.21 billion.
    • Covid-19 testing-related sales were $102 million, down 50% quarter-over-quarter (q/q), yet exceeding the estimate of $66.6 million.
    • Established Pharmaceuticals sales were $1.29 billion, a 0.5% increase y/y but below the estimate of $1.32 billion.
    • Medical Devices sales hit $4.73 billion, a 10% increase y/y, surpassing the estimate of $4.67 billion.
    • Diabetes Care sales were $1.65 billion, a 16% rise y/y, meeting the estimate of $1.65 billion.
  • Comments: Excluding specified items, projected adjusted diluted earnings per share for the third quarter of 2024 are expected to be between $1.18 and $1.22.
  • Narrowed Full-Year Organic Sales Growth Guidance: Full-year 2024 organic sales growth guidance range, excluding COVID-19 testing-related sales, is now 9.5% to 10%, an increase at the midpoint of the range.
  • Stock Ratings: Abbott has 19 buy ratings, 7 hold ratings, and 0 sell ratings.

Abbott Laboratories on Smartkarma

Analyst coverage of Abbott Laboratories on Smartkarma by Baptista Research highlights the focus on organic growth through a robust product portfolio. In their report titled “Abbott Laboratories: Focus On Organic Growth Through Robust Product Portfolio! – Key Drivers,” Baptista Research leans bullish on Abbott Laboratories. The analysis points out Abbott’s impressive performance during the Q4 2023 earnings call, revealing a 11% growth in 2023 with a notable 14% increase in organic sales.

Robert Ford, the Chairman and CEO of Abbott Laboratories, emphasized the company’s resilience and strong position amidst challenging global conditions induced by the pandemic. The report also indicates that Abbott’s operating margin has returned to pre-pandemic levels, with the potential for margin expansion, particularly on the gross margin line. Baptista Research‘s insights provide valuable perspectives for investors considering Abbott Laboratories as an investment opportunity.


A look at Abbott Laboratories Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
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

Abbott Laboratories, a global healthcare company, presents a mixed outlook based on Smartkarma Smart Scores. With a Value score of 2, the company is deemed to have moderate value proposition. In terms of Dividend, Growth, Resilience, and Momentum, Abbott Laboratories scores a consistent 3, indicating decent performance across these factors. The company’s diversified line of health care products including pharmaceuticals, diagnostics, and vascular products, are distributed worldwide through affiliates and distributors.

Looking ahead, Abbott Laboratories seems positioned for stable growth and resilience in the long term, with a balanced approach towards dividends and momentum. While the value aspect might be an area for potential improvement, the company’s strong performance in growth, resilience, and momentum factors provides a solid foundation for continued success in the global healthcare 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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