Category

Earnings Alerts

SGX (SGX) Earnings: FY Net Income Surpasses Estimates with a 4.7% Increase

By | Earnings Alerts






  • Net Income: S$597.9 million, up 4.7% year-on-year, beating the estimate of S$542.1 million.
  • Operating Profit: S$606.4 million, up 2.9% year-on-year, nearly matching the estimate of S$606.5 million.
  • Operating Revenue: S$1.23 billion, up 3.1% year-on-year, hitting the estimated figure.
  • FICC Revenue: S$322.5 million, up 22% year-on-year, but below the estimate of S$371.6 million.
  • Equities Cash Revenue: S$334.9 million, down 3.2% year-on-year, missing the estimate of S$339.7 million.
  • Equities Derivatives Revenue: S$334.0 million, down 8% year-on-year, below the estimate of S$339.5 million.
  • Final Dividend per Share: S$0.090, up from S$0.085 year-on-year.
  • Staff Costs: S$291.7 million, up 5.6% year-on-year.

2025 Year Forecast

  • Capital expenditure projected to be between S$70 million to S$75 million.
  • Expenses expected to increase by 2% to 4%.

Comments

  • Expecting a 2-4% increase in FY expenses.
  • FY capital expenditure forecasted at S$70-75 million.
  • Anticipates achieving positive operating leverage with low to mid-single digit percentage CAGR expense growth in the medium term.
  • Beyond FY2025, capital expenditure expected to rise due to ongoing investments in modernizing exchange trading, clearing platforms, and data centers.
  • Growth in group revenue over the past 3 years was below high-single digit percentage CAGR guidance, primarily due to a slowdown in cash equities and underperformance of Scientific Beta.
  • Aims to grow group revenue, excluding treasury income, by 6-8% CAGR in the medium term.

Market Recommendations

  • 5 analyst buys, 6 holds, and 2 sells.



A look at SGX Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.4

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

Based on the Smartkarma Smart Scores, Singapore Exchange Limited (SGX) shows a promising long-term outlook. With above-average ratings in Growth, Resilience, and Momentum, SGX indicates strong potential for future expansion and stability. The Company’s focus on growth opportunities, its ability to withstand market challenges, and its positive market momentum bode well for its future performance.

Furthermore, SGX‘s moderate scores in Value and Dividend also contribute positively to its overall outlook. These scores suggest that SGX may offer a good balance for investors seeking appreciation potential alongside steady dividend payouts. As the owner and operator of Singapore’s main securities and derivatives exchange, with additional offerings in clearing houses and financial services, SGX has a solid foundation to capitalize on market opportunities and drive long-term value.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Nutrien (NTR) Earnings: 2Q Adjusted EPS Surpasses Estimates Amid Strong Crop Input Demand

By | Earnings Alerts
  • Adjusted EPS for 2Q 2024 was $2.34, beating the estimate of $2.18.
  • Reported EPS for the quarter was 78 cents.
  • Sales for the quarter were $10.16 billion, below the estimate of $10.75 billion.
  • Phosphate net sales amounted to $394 million.
  • Adjusted Ebitda for the quarter was $2.24 billion, slightly above the estimate of $2.2 billion.
  • Phosphate Adjusted Ebitda was $88 million, missing the estimate of $134.8 million.
  • Ken Seitz, Nutrien’s President and CEO, stated the company benefited from better Retail margins, higher fertilizer sales volumes, and lower operating costs in the first half of 2024.
  • Crop input demand remains strong, prompting an increase in the full-year outlook for global potash demand.
  • Nutrien’s stock ratings include 16 buys, 5 holds, and 4 sells.

A look at Nutrien Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience2
Momentum3
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

According to Smartkarma Smart Scores, Nutrien is positioned well for the long term. With solid scores in Value, Dividend, and Growth factors, Nutrien is demonstrating strength in its financial fundamentals and potential for future expansion. These scores suggest that Nutrien is a company that offers good value to investors, provides attractive dividend returns, and shows promising growth prospects.

However, Nutrien’s lower scores in Resilience and Momentum indicate some areas of caution. The Resilience score suggests that the company may face challenges in adapting to unforeseen economic or market conditions, while the Momentum score indicates a moderate level of market performance compared to its peers. Overall, Nutrien’s diversified business model as a provider of crop inputs and services for various industries positions it well for sustainable growth 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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Banco do Brasil (BBAS3) Earnings: 2Q Adjusted Net Income Surpasses Estimates at R$ 9.50 Billion

By | Earnings Alerts
  • Banco do Brasil’s adjusted net income for Q2 reached R$9.50 billion, an 8.2% increase year-over-year, surpassing the estimate of R$9.25 billion.
  • Total assets grew by 12% year-over-year to R$2.36 trillion, exceeding the estimate of R$2.34 trillion.
  • Provision expenses rose by 8.8% year-over-year to R$7.81 billion.
  • Return on equity for the quarter stood at 21.6%, slightly higher than last year’s 21.3%, but just below the estimate of 21.7%.
  • Fee and commission income increased by 6.7% year-over-year to R$8.85 billion.
  • In the first half of the year, adjusted net income was R$18.80 billion, reflecting an 8.7% increase year-over-year.
  • Analysts’ recommendations: 13 buy, 3 hold, and 1 sell.

A look at Banco do Brasil Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.8

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

Investors looking at Banco do Brasil S.A. will be interested to know that the company has gained significant recognition in certain areas based on Smartkarma Smart Scores. With a high dividend score of 5, Banco do Brasil promises lucrative returns for investors seeking income. Additionally, scoring a solid 4 in both the Value and Growth categories, the bank showcases potential for future growth and is currently undervalued in the market. This suggests a promising long-term outlook for the company.

However, it’s important to note that Banco do Brasil received a lower score of 2 in Resilience, indicating some potential vulnerabilities. Despite this, its Momentum score of 4 reflects a positive market trend, pointing towards an optimistic upward trajectory for the bank. Overall, Banco do Brasil S.A., known for its diverse range of banking services, appears to offer an attractive investment opportunity for those interested in a company with strong dividend potential and growth 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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Wheaton Precious Metals (WPM) Earnings: 2Q Adjusted EPS Exceeds Expectations Amid Strong Silver Growth

By | Earnings Alerts
  • Attributable gold production: 84,993 oz, a slight decrease of 0.1% year-over-year (y/y); exceeded the estimate of 82,443 oz.
  • Silver production: 5,062 oz, showing a significant increase of 15% y/y; surpassed the estimate of 4.62 million oz.
  • Adjusted Earnings Per Share (EPS): 33.0 cents, up from 31.5 cents y/y; above the estimate of 29.7 cents.
  • Realized silver price per ounce: $29.11, a 21% increase y/y; higher than the estimate of $27.56.
  • Realized gold price per ounce: $2,412, a substantial 26% increase y/y; exceeded the estimate of $2,252.
  • Gold sales volume: 124,009 oz, a decline of 11% y/y.
  • Silver sales volume: 3,823 oz.
  • Revenue: $299 million, up by 13% y/y; slightly below the estimate of $301 million.
  • Year-to-date gold equivalent production is approximately 305,000 ounces, on track to achieve the 2024 production guidance of 550,000 to 620,000 gold equivalent ounces.
  • Analyst ratings: 10 buys, 4 holds, 0 sells.

A look at Wheaton Precious Metals 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

Wheaton Precious Metals Corp. operates as a precious metals streaming company, primarily focusing on gold and silver projects and serving customers globally. According to Smartkarma Smart Scores, the company shows a positive long-term outlook, with a high score in Momentum, indicating strong performance and potential for future growth. Additionally, Wheaton Precious Metals scores well in Value, Growth, and Resilience, highlighting its solid foundation and potential for long-term success.

Although the Dividend score is lower compared to other factors, the overall outlook for Wheaton Precious Metals remains promising. Investors may find this company appealing for its strong momentum and positive indicators across various factors, making it a potential candidate for long-term investment strategies in the precious metals 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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Engie SA (ENGI) Earnings: Engie Brasil 2Q Net Income Surpasses Estimates with 19% Growth

By | Earnings Alerts
  • Engie Brasil’s net income for the second quarter is R$871 million, up 19% year over year.
  • Net income surpasses the forecast of R$846.8 million.
  • Net operating revenue is R$2.80 billion, showing a 7.4% increase year over year.
  • Revenue estimate was R$2.59 billion, which the company exceeded.
  • EBITDA stands at R$1.96 billion, marking a 15% rise year over year.
  • EBITDA margin is reported at 70%.
  • Net debt totals R$17.34 billion, a 25% increase year over year.
  • Analyst recommendations include 0 buys, 12 holds, and 3 sells.

Engie SA on Smartkarma

Engie SA, a French energy company, is under significant analyst coverage on Smartkarma by Janaghan Jeyakumar, CFA. According to the research reports, Engie has the potential to gain substantial index inflow if it outperforms its competitors. If Engie manages to increase its value by 20% in comparison to other companies, it could be added to the ES50 Index in September 2024, triggering an index buying of US$1.1 billion. This could be a significant milestone for Engie as it competes for a place in one of the most highly-tracked indices in Europe.

The reports highlight the competition Engie faces, with Nokia currently positioned as the highest-ranked potential company for removal from the ES50 Index. If Nokia’s ranking falls by just one place, Engie could potentially replace it, leading to substantial index flows. The annual index review in September presents a crucial opportunity for Engie to secure its position in the index and attract substantial investment. Analysts are closely monitoring the performance of Engie and its competitors as they race for Europe’s big index flows and strategic opportunities in the market.


A look at Engie SA Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.4

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

Engie SA, a global provider of electricity, gas, and energy services, presents a mixed long-term outlook based on Smartkarma Smart Scores. With a strong emphasis on dividend performance, Engie scores high at 5, indicating a reliable payout to investors. Additionally, the company shows favorable momentum at 4, suggesting a positive trend in its market performance. However, areas such as resilience and growth score lower, indicating potential challenges in these aspects. Engie’s value score sits at a moderate 3, reflecting a balanced valuation. Overall, Engie’s strategic focus on dividends and promising market momentum could provide stability amidst other growth and resilience considerations.

Engie SA‘s diversified portfolio includes energy production, trading, and distribution services worldwide. The company’s offerings span natural gas operations, energy management, and environmental services. These operations give Engie a broad reach in the energy sector. While the company excels in providing consistent dividends and demonstrates positive market momentum, weaker scores in resilience and growth factors suggest areas that may require attention for long-term sustainability. By leveraging its strengths in dividend performance and market momentum, Engie can navigate challenges and capitalize on opportunities in the evolving energy 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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Manulife Financial (MFC) Earnings Impress: 2Q Core EPS C$0.91 and Strong 15.7% ROE

By | Earnings Alerts
  • Manulife Financial’s Core Earnings Per Share (EPS) for Q2 2024 stood at C$0.91.
  • The return on equity for the same period was 9%.
  • Book value per share for the quarter reached C$23.71.
  • Core Return on Equity (ROE) was 15.7%, indicating strong profitability despite challenges from GMT.
  • Analyst ratings include 11 buys, 3 holds, and 2 sells.

Manulife Financial on Smartkarma

Manulife Financial Corporation is receiving positive analyst coverage on Smartkarma, particularly from Baptista Research. In their report titled “Manulife Financial Corporation: Enhanced Asian Market Engagement and Growth Strategy & Other Major Drivers,” Baptista Research highlights the company’s strong performance in the first quarter of 2024. They praise Manulife’s strategic execution and financial results across its diverse operations.

The report points out a 16% growth in core earnings and a notable 20% increase in core EPS for Manulife Financial Corporation. Significant contributions from its Asian markets and Global Wealth and Asset Management segments are key drivers behind this success. Moreover, Manulife’s core return on equity (ROE) saw a substantial year-over-year improvement to 16.7%, surpassing the medium-term target of 15%. Overall, the analysts at Baptista Research lean bullish on Manulife’s enhanced market engagement and growth strategy.


A look at Manulife Financial Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE3.4

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

Manulife Financial Corporation, a company providing financial protection and investment management services globally, has garnered a positive outlook based on the Smartkarma Smart Scores evaluation. With above-average scores in Dividend and Momentum, indicating a strong dividend policy and positive stock price performance, Manulife demonstrates stability and growth potential. While Value and Growth scores are mid-range, with Resilience also scoring decently, pointing to steady financial health and room for expansion.

Manulife Financial’s diverse range of offerings, including annuities, life insurance, and mutual funds, positions it well in the financial services industry. The combination of solid dividend payouts, favorable market momentum, and resilience in the face of economic changes suggests a promising future for Manulife Financial as it continues to serve individuals, families, businesses, and groups in Canada, the United States, and Asia.


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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Amdocs Ltd (DOX) Earnings: 4Q Adjusted EPS Projected Between $1.67-$1.73, Forecast Positive Growth

By | Earnings Alerts
  • 4Q Adjusted EPS Forecast: Amdocs expects adjusted EPS to be between $1.67 and $1.73. The estimate was $1.71.
  • 4Q Revenue Projection: Amdocs anticipates revenue between $1.24 billion and $1.28 billion. The estimate was $1.27 billion.
  • Year Forecast – Adjusted EPS: Amdocs projects a yearly growth in adjusted EPS of 8.5% to 9.5%.
  • Year Forecast – Revenue: Amdocs expects annual revenue growth to range from 1.9% to 2.7%.
  • Analyst Ratings: Amdocs has received 5 buy ratings, 2 hold ratings, and 0 sell ratings from analysts.

A look at Amdocs Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth3
Resilience3
Momentum3
OVERALL SMART SCORE3.0

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

Analysts at Smartkarma have evaluated Amdocs Ltd using their Smart Scores, which rate various aspects of the company’s performance. Amdocs received a score of 3 in Value, Dividend, Growth, Resilience, and Momentum. This indicates a moderate outlook across these key factors. Amdocs Limited is known for providing product-driven information system solutions to major telecommunications companies globally, offering integrated customer care and billing systems for both wireless and wireline network operators.


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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Curtiss Wright (CW) Earnings: Q2 Beat, FY Adjusted EPS Forecast Raised Amid Strong Performance

By | Earnings Alerts





Investment Analyst Summary

  • Curtiss-Wright’s FY adjusted EPS forecast: Updated to $10.40 – $10.65 (previously $10.10 – $10.40). Analysts estimated $10.33.
  • Adjusted free cash flow: Now expected to be $425 million to $445 million (previously $415 million to $435 million). Analysts’ estimate was $431.1 million.
  • Second quarter results:
    • Net sales: $784.8 million, up 11% year over year (estimated $735.8 million).
    • Adjusted EPS: $2.67 (last year $2.15), exceeding the estimate of $2.29.
    • EPS: $2.58 (last year $2.10), again beating the estimate of $2.29.
  • Company comments: “Based on the strong first half results and our outlook for the remainder of 2024, we have increased our full-year Adjusted guidance for sales, operating income, diluted EPS and free cash flow.”
  • Analyst ratings: 5 buys, 1 hold, 0 sells.



A look at Curtiss Wright Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
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

According to Smartkarma Smart Scores, Curtiss Wright is looking positive in the long term. With a strong Growth score of 4 and Momentum score of 4, the company seems to be on a steady path of development and progress. This indicates that Curtiss Wright is likely to continue expanding and moving forward in the coming years.

Although the Value and Dividend scores are moderate at 2, the Resilience score of 3 suggests that Curtiss Wright is well-positioned to weather challenges and navigate uncertainties effectively. Overall, Curtiss Wright‘s profile appears supportive of its long-term prospects, with a focus on growth and momentum in its various industries.

### Curtiss-Wright Corporation designs, manufactures, and overhauls precision components and systems. The Company’s systems provide engineered services to the aerospace, automotive, shipbuilding, oil, petrochemical, agricultural equipment, power generation, metalworking, and fire and rescue industries. ###


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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Atmos Energy (ATO) Earnings 3Q: EPS Surpasses Estimates with Strong Growth Outlook

By | Earnings Alerts
  • Earnings Per Share (EPS): Atmos Energy‘s Q3 EPS was $1.08, higher than last year’s $0.94 and above the estimated $1.05.
  • Operating Income: The operating income for the quarter was $220.3 million, up by 30% year-over-year, though below the estimated $257 million.
  • Yearly Forecast: Atmos Energy maintains its fiscal 2024 EPS forecast at $6.70 to $6.80, with an estimate of $6.76.
  • Management Comments: The company believes that fiscal 2024 earnings will likely be at the upper end of the guidance range.
  • Capital Expenditure: Fiscal 2024 capital expenditure is projected to be approximately $3.1 billion.
  • Analyst Ratings: The stock has 4 buy ratings, 5 hold ratings, and 1 sell rating.

Atmos Energy on Smartkarma

Analysts at Baptista Research on Smartkarma have been closely covering Atmos Energy Corporation, a company showing robust fiscal performance and advancements in the second quarter of 2024. The company reported a year-to-date net income of $743 million, translating to earnings per share of $4.93. With an updated guidance range of $6.70 to $6.80 for the fiscal year, Atmos Energy is focusing on modernizing and expanding its services, reflecting positive efforts for growth.

In their research reports, Baptista Research analysts highlight Atmos Energy‘s sustained growth through strategic investments and regulatory support as key drivers. The company’s fiscal 2024 second quarter results, shared in their latest earnings call, show sound financial performance. The commitment and hard work of Atmos Energy‘s employees in enhancing their natural gas distribution, transmission, and storage systems have been instrumental in providing reliable service to their 3.4 million customers, showcasing a positive outlook for the company.


A look at Atmos Energy Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.4

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

Looking at the Smartkarma Smart Scores, Atmos Energy shows a promising long-term outlook. With strong scores in Growth and Momentum, the company seems to be on a path towards expansion and continued success. The company’s operations include distributing natural gas to utility customers in multiple states, along with providing natural gas marketing services and managing gas storage and pipeline assets. These aspects contribute to Atmos Energy‘s positive momentum in the market.

Furthermore, the company’s solid scores in Value, Dividend, and Resilience indicate a well-rounded performance across different key factors. This suggests that Atmos Energy is not only focused on growth but also maintains stability and investor-friendly practices. Overall, based on the Smartkarma Smart Scores, Atmos Energy appears to be a company with a bright future ahead in the natural gas distribution 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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Cf Industries Holdings (CF) Earnings: 2Q Net Sales Beat Estimates at $1.57 Billion Despite Y/Y Decline

By | Earnings Alerts
  • Net Sales
    • Total net sales: $1.57 billion, down 11% year-over-year (y/y), but above the estimate of $1.52 billion.
    • Other net sales: $133 million, down 3.6% y/y, below the estimate of $137.5 million.
  • Ammonia
    • Net sales: $409 million, down 22% y/y, in line with the estimate of $409.2 million.
    • Sales volume: 979,000 tons, down 7% y/y, close to the estimate of 978,472 tons.
    • Average selling price: $418 per ton, down 16% y/y, slightly below the estimate of $421.11 per ton.
  • Granular Urea
    • Net sales: $457 million, down 0.7% y/y, but above the estimate of $398.8 million.
    • Sales volume: 1.25 million tons, up 9.1% y/y, exceeding the estimate of 1.15 million tons.
    • Average selling price: $365 per ton, down 9% y/y, higher than the estimate of $346.88 per ton.
  • UAN (Urea Ammonium Nitrate)
    • Net sales: $475 million, down 13% y/y, above the estimate of $456.7 million.
    • Sales volume: 1.75 million tons, down 3.4% y/y, near the estimate of 1.76 million tons.
    • Average selling price: $272 per ton, down 10% y/y, above the estimate of $259.31 per ton.
  • AN (Ammonium Nitrate)
    • Net sales: $98 million, down 5.8% y/y, below the estimate of $109.8 million.
    • Sales volume: 340,000 tons, down 7.9% y/y, below the estimate of 378,766 tons.
    • Average selling price: $288 per ton, up 2.1% y/y, close to the estimate of $289.47 per ton.
  • Financial Metrics
    • Earnings per share (EPS): $2.30, down from $2.70 y/y, but above the estimate of $1.83.
    • Cash and cash equivalents: $1.82 billion, down 43% y/y, below the estimate of $1.91 billion.
  • Company Outlook
    • Expected gross ammonia production for full year 2024: approximately 9.8 million tons.
  • Analyst Recommendations
    • 6 buy ratings, 13 hold ratings, 2 sell ratings.

Cf Industries Holdings on Smartkarma

Independent analysts on Smartkarma, such as Baptista Research, have been providing insightful coverage of Cf Industries Holdings. In one research report titled “CF Industries: Impact of Clean Ammonia Market and Demand! – Major Drivers,” the analysts discussed operational disruptions and lower production results in the first quarter of 2024 for CF Industries Holdings. Factors such as unplanned downtime and severe weather conditions affected the company’s earnings, with an adjusted EBITDA of $460 million reported.

In another report by Baptista Research titled “CF Industries: Export Opportunities and Global Market Dynamics – Major Drivers,” the analysts highlighted the strong performance of CF Industries Holdings in the full year and fourth quarter of 2023. The company’s balanced nitrogen supply-demand situation and favorable energy spreads in North America contributed to impressive financial results, including approximately $2.8 billion in adjusted EBITDA and net cash from operations, as well as $1.8 billion in free cash flow.


A look at Cf Industries Holdings Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth5
Resilience3
Momentum3
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

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The long-term outlook for Cf Industries Holdings is promising, as indicated by its Smartkarma Smart Scores. With a strong score of 5 in Growth, the company is expected to experience steady expansion and development in the future. This factor signifies positive prospects for Cf Industries Holdings to increase its market presence and profitability over time. Additionally, the company also scores well in Value, Resilience, and Momentum, each with a score of 3, reflecting a solid foundation, stability, and consistent performance. These scores suggest a well-rounded approach towards sustainable growth.

Cf Industries Holdings, Inc. is a renowned manufacturer and distributor of nitrogen and phosphate fertilizer products on a global scale. The company’s diversified product portfolio includes essential offerings such as ammonia, urea, ammonium nitrate, and phosphate fertilizers like diammonium phosphate and monoammonium phosphate. With its strategic focus on growth and a resilient business model, Cf Industries Holdings stands poised to capitalize on opportunities in the agricultural industry and enhance its market position in the long run.

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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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