Category

Earnings Alerts

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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Marsh & McLennan (MMC) Earnings: 2Q Adjusted EPS Surpasses Estimates with Strong Margin Expansion

By | Earnings Alerts
  • Adjusted EPS: $2.41, up from $2.20 year-over-year, beating the estimate of $2.39.
  • Revenue: $6.22 billion, a 5.9% increase year-over-year, but below the estimate of $6.31 billion.
  • Adjusted Operating Margin: 29%, up from 27.7% year-over-year, surpassing the estimate of 28.3%.
  • Risk & Insurance Services Adjusted Operating Margin: 35.3%, up from 34.2% year-over-year, slightly higher than the estimate of 34.6%.
  • Consulting Segment Adjusted Operating Margin: 19.8%, up from 19.2% year-over-year, but below the estimate of 20.2%.
  • Adjusted Operating Income: $1.72 billion, an 11% increase year-over-year, ahead of the estimate of $1.7 billion.
  • Risk & Insurance Services Segment Adjusted Operating Profit: $1.34 billion, a 12% increase year-over-year, surpassing the estimate of $1.31 billion.
  • Consulting Segment Adjusted Operating Profit: $426 million, a 5.7% increase year-over-year, but below the estimate of $460.1 million.
  • Underlying Revenue Growth: 6%, slightly below the estimate of 6.29%.
  • Consulting Underlying Revenue Growth: 4%, below the estimate of 5.59%.
  • Risk & Insurance Services Underlying Revenue Growth: 7%, above the estimate of 6.65%.
  • Compensation Expenses: $3.45 billion, a 3.5% increase year-over-year, below the estimate of $3.49 billion.
  • CEO Comments: John Doyle, President and CEO, stated the company achieved strong results with 6% underlying revenue growth, 10% adjusted EPS growth, and a 130 basis points margin expansion.
  • Analyst Recommendations: 6 buys, 14 holds, 3 sells.

Marsh & Mclennan on Smartkarma

Analysts on Smartkarma are providing insightful coverage on Marsh & McLennan Companies. Baptista Research highlights the company’s Q1 2024 financial results, showcasing a neutral perspective with positive aspects such as strong revenue growth and expanded operating margin. Value Investors Club notes Marsh & McLennan as the largest global insurance broker, with a fair valuation and potential 5-year returns of 12% IRR. Baptista Research also emphasizes the firm’s client-centric approach and recent acquisitions, showcasing strong organic and inorganic growth strategies.

Overall, analyst sentiment leans bullish on Marsh & McLennan, with focus on operational efficiency, growth drivers, and market opportunities. These reports provide investors with valuable insights into the company’s financial performance, strategic initiatives, and growth prospects in the insurance industry.


A look at Marsh & Mclennan Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience2
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

Marsh & McLennan Companies, Inc. is poised to see strong long-term growth and momentum according to Smartkarma Smart Scores. With a Growth score of 4 and Momentum score of 4, the company is positioned to capitalize on future opportunities and sustain its positive performance. This suggests that Marsh & McLennan is likely to continue expanding and attracting investors’ attention in the foreseeable future.

Despite facing challenges in terms of Value, Dividend, and Resilience with scores of 2 each, Marsh & McLennan’s overall outlook remains optimistic due to its robust growth and momentum metrics. The company, a professional services firm specializing in risk, strategy, and human capital solutions, continues to provide valuable advice and transactional capabilities to clients globally, reflecting its strong market presence and potential for sustained success.


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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L&T Technology Services Limited (LTTS) Earnings: 1Q Net Income Falls Short of Estimates

By | Earnings Alerts






  • Net income for L&T Technology was 3.14 billion rupees.
  • This was below the estimated net income of 3.24 billion rupees.
  • Revenue reported at 24.62 billion rupees.
  • Revenue estimate was 25.32 billion rupees.
  • Total costs for the quarter amounted to 20.91 billion rupees.
  • Other income came in at 622 million rupees.
  • Analysts’ ratings: 3 buys, 8 holds, and 19 sells.



A look at L&T Technology Services Limited Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth4
Resilience5
Momentum2
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

L&T Technology Services Limited, an engineering services company, is poised for a promising long-term outlook. With solid scores in Dividend, Growth, and Resilience, the company demonstrates strong financial stability, growth potential, and ability to withstand market challenges. Its emphasis on consistently delivering dividends to shareholders reflects a commitment to value creation. Furthermore, the high scores in Growth and Resilience indicate a robust business model capable of sustaining and expanding operations over time.

Operating across a wide range of industries, including industrial products, consumer electronics, medical devices, and more, L&T Technology Services Limited shows versatility and a broad market reach. With a strong focus on innovation and development solutions, the company is well-positioned to capitalize on future opportunities and maintain its competitive edge in the engineering services 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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Snap On Inc (SNA) Earnings: 2Q Net Sales Miss Estimates Despite EPS Growth

By | Earnings Alerts
  • Net sales for Snap-On in Q2 2024 were $1.18 billion, a 1% decrease year-over-year, missing the estimate of $1.2 billion.
  • Commercial & Industrial Group net sales were $372.0 million, a 2.1% increase year-over-year, close to the estimate of $372.4 million.
  • Snap-on Tools Group net sales were $482.0 million, a 7.9% decrease year-over-year, below the estimate of $501.7 million.
  • Repair Systems & Information Group net sales were $454.8 million, a 0.6% increase year-over-year, below the estimate of $471.1 million.
  • Financial Services revenue was $100.5 million, showing a solid 7.6% increase year-over-year, surpassing the estimate of $97.2 million.
  • Earnings per share (EPS) stood at $5.07, compared to $4.89 in the previous year.
  • Snap-On maintains its full-year capital expenditure forecast of $100 million to $110 million, in line with the $103 million estimate.
  • The company anticipates a full-year 2024 effective income tax rate in the range of 22% to 23%.
  • Analyst recommendations include 3 buys, 7 holds, and 4 sells.

A look at Snap On Inc Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.2

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

Based on the Smartkarma Smart Scores, Snap-on Inc seems to have a positive long-term outlook. With a solid score of 4 in Growth, the company is expected to expand and develop in the future. This is complemented by scores of 3 in Value, Dividend, Resilience, and Momentum, indicating a stable foundation and consistent performance across various factors. Snap-on Inc’s focus on developing, manufacturing, and distributing tool and equipment solutions for the automotive service industry positions it well for continued growth and resilience in the market.

With a diverse range of products catering to professional service technicians and motor service shop owners, Snap-on Inc is well-positioned to capitalize on the growing demand for quality tools and equipment in the automotive service sector. The combination of solid scores across key factors like Growth, Resilience, and Momentum suggests that the company is on a positive trajectory for the long term, making it an attractive prospect for investors seeking stability and potential growth in the tools and equipment 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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D.R. Horton Inc (DHI) Earnings: Q3 EPS Surges to $4.10, Strong Financial Position Leads to $4.0 Billion Share Repurchase Authorization

By | Earnings Alerts
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  • D.R. Horton narrows its forecast for homes closed in FY 2024 to 90,000-90,500 from the previous 89,000-91,000.
  • Third quarter earnings per share (EPS) reported at $4.10, up from $3.90 year-over-year, exceeding the estimate of $3.76.
  • Net sales orders for the quarter reached 23,001, a 0.5% increase year-over-year, but below the estimate of 24,718.
  • Net sales orders valued at $8.72 billion, a 0.2% increase year-over-year, falling short of the $9.4 billion estimate.
  • Homes closed during the quarter valued at $9.23 billion, marking a 6.1% increase year-over-year and exceeding the $8.97 billion estimate.
  • Backlog of homes decreased to 16,792, a 12% year-over-year decline, missing the estimate of 18,682.
  • Backlog value fell to $6.55 billion, down 12% year-over-year, below the $7.46 billion estimate.
  • Cancellation rate remains steady at 18%, unchanged from last year.
  • Total homes closed in the quarter were 24,155, a 5.1% increase year-over-year, beating the estimate of 23,819.
  • The company reiterated its fiscal 2024 cash flow guidance for homebuilding operations at approximately $3.0 billion.
  • Executive Chairman David Auld highlighted the strong quarterly performance, emphasizing the 5% increase in earnings per share.
  • Board of Directors recently approved a new $4.0 billion share repurchase authorization, reflecting confidence in future cash flows.
  • Analyst recommendations: 13 buys, 8 holds, and 2 sells.

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Dr Horton Inc on Smartkarma

Analyst coverage on Dr. Horton Inc. by independent research network Smartkarma showcases a positive outlook on the company’s performance and growth prospects. Baptista Research‘s report highlights D.R. Horton’s resilience in the face of challenges like inflation and mortgage rates, with a significant increase in earnings and revenue. The effective land resource utilization and critical growth drivers emphasized by the same analyst further bolster the company’s strong financial position and profitability.

Moreover, Value Investors Club underlines Dr. Horton’s position as a leading homebuilder with impressive returns on equity and a compelling valuation. The company’s strategic shift towards an asset-light model, along with its market share expansion and efficiency focus, positions it as a growth-oriented entity in a stable industry. The collective analyst sentiment indicates a bullish stance on Dr. Horton Inc.’s future performance and value proposition in the market.


A look at Dr Horton Inc Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth4
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

Dr Horton Inc, a company known for constructing and selling single-family homes in various regions across the United States, is positioned for long-term growth. According to the Smartkarma Smart Scores, the company has received a strong score of 4 for Growth, indicating positive prospects for expanding its business and market presence. While the Value and Resilience scores are average at 3, suggesting a stable financial standing and reasonable valuation, the Dividend and Momentum scores are slightly lower at 2 and 3 respectively.

With a focus on providing homes for the entry-level and move-up markets, Dr Horton Inc‘s growth potential is underscored by its strong performance in the Growth category. While the company may not be considered a top performer in terms of dividends or momentum, its overall outlook remains positive and promising for investors looking at long-term opportunities in the real estate 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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Textron Inc (TXT) Earnings: 2Q Revenue Meets Estimates at $3.53 Billion

By | Earnings Alerts
  • Textron’s total second-quarter revenue was $3.53 billion.
  • This revenue slightly missed the estimate of $3.54 billion.
  • The manufacturing segment generated $3.52 billion in revenue.
  • Manufacturing revenue was below the estimate of $3.56 billion.
  • Finance revenue came in at $12 million.
  • Finance revenue also fell short of the anticipated $14 million.
  • Analyst ratings for Textron include:

    • 11 buys
    • 6 holds
    • 1 sell

Textron Inc on Smartkarma

Analysts on Smartkarma have been closely covering Textron Inc, with Baptista Research providing valuable insights into the company’s performance. In a report titled “Textron Inc.: Increasing Demand for Aviation & Investments in eAviation! – Major Drivers,” Baptista Research highlighted Textron’s strong first quarter 2024 earnings, showcasing revenue growth and increased segment profits. Textron experienced a year-on-year revenue increase from $3.0 billion in Q1 2023 to $3.1 billion in Q1 2024, with segment profit also rising from $259 million to $290 million during the same period.

In another report by Baptista Research titled “Textron Inc: Improved Supply Chain and Labor Productivity Could Help Save The Day? – Major Drivers,” the analysts pointed out Textron’s robust performance in the fourth quarter of 2023. The company generated $3.9 billion in quarterly revenue, surpassing the previous year’s $3.6 billion figure. Textron also saw a significant increase in segment profit, reaching $384 million, a $78 million jump from the previous year. These positive trends indicate a promising outlook for Textron Inc as it continues to strengthen its position in the market.


A look at Textron Inc Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth4
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

Textron Inc. is a global, multi-industry company with operations in aircraft, defense, industrial products, and finance. The Company’s products include airplanes, helicopters, weapons, and automotive products. Textron’s finance division offers asset-based lending, aviation, distribution, golf, and resort finance, as well as structured capital.

Based on Smartkarma Smart Scores, Textron Inc. shows a positive long-term outlook. With strong scores in growth and resilience, the company is positioned well for future expansion and the ability to weather economic uncertainties. The value score indicates a solid foundation, while momentum suggests a steady trajectory. Although dividend scores slightly lower, the overall outlook for Textron Inc. appears promising for investors seeking a company with growth potential and stability across its diverse range of 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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KeyCorp (KEY) Earnings: Net Interest Income Meets Estimates in 2Q Report

By | Earnings Alerts
  • Net interest income FTE: $899 million (Estimate: $904.7 million)
  • Net Interest Margin (NIM) on taxable-equivalent basis: 2.04% (Estimate: 2.14%)
  • EPS: 25 cents (from continuing operations)
  • Total Revenue: $1.53 billion (Estimate: $1.53 billion)
  • Investment banking and debt placement fees: $126 million (Estimate: $133.5 million)
  • Non-interest income: $627 million (Estimate: $626.9 million)
  • Provision for credit losses: $100 million (Estimate: $97.4 million)
  • Non-interest expenses: $1.08 billion (Estimate: $1.08 billion)
  • Net charge-offs: $91 million (Estimate: $94.3 million)
  • Return on average tangible common equity: 10.4% (Estimate: 10.4%)
  • Efficiency ratio: 70.2% (Estimate: 70.3%)
  • Common equity Tier 1 ratio: 10.5% (Estimate: 10.4%)
  • Total deposits: $144.18 billion (Estimate: $143.61 billion)

Comments from the conference call:

“Sequentially, net interest income grew as we benefited from fixed asset repricing and continued to grow client deposits while the pace of deposit repricing slowed.”

Analyst ratings: 14 buys, 8 holds, 1 sell


A look at Keycorp Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth3
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

KeyCorp, a financial services holding company, is poised for a promising long-term outlook based on the Smartkarma Smart Scores. With high scores in Dividend and Value factors, KeyCorp demonstrates strong stability and potential for returns for investors. Although the Growth and Momentum scores are slightly lower, the company’s focus on providing a wide range of financial products and services to diverse clients positions it well for sustained growth over time.

KeyCorp’s resilience score, while not the highest, indicates the company’s ability to weather challenges and adapt to market conditions. Overall, with a solid foundation in place and a commitment to delivering value to its clients, KeyCorp’s long-term prospects appear favorable for investors seeking a reliable and dividend-friendly investment option in the financial 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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Blackstone (BX) Earnings: Assets Under Management Match Estimates Amid Strong Private Equity Performance

By | Earnings Alerts
  • Blackstone’s assets under management hit $1.08 trillion, a 7.5% increase year-over-year, matching estimates.
  • Real estate assets under management increased slightly by 0.9% to $336.10 billion, but fell short of the $344.67 billion estimate.
  • Private equity assets under management reached $330.59 billion, surpassing the $319.85 billion estimate.
  • Credit and insurance assets under management totaled $330.12 billion, below the $338.09 billion estimate.
  • Distributable income per share rose to 96 cents, up from 93 cents y/y, slightly below the 98-cent estimate.
  • Total segment revenue grew by 7% y/y to $2.52 billion, just shy of the $2.57 billion estimate.
  • Fee-related earnings fell by 2.9% y/y to $1.11 billion, missing the $1.12 billion estimate.
  • Fee-related earnings per share dropped to 91 cents from 94 cents y/y, below the 92-cent estimate.
  • Inflows amounted to $39.4 billion, surpassing the $37.43 billion estimate.
  • Outflows stood at $11.86 billion.
  • Total dry powder was reported at $181 billion.
  • Realizations were $23.5 billion.
  • Deployment surged to $33.7 billion, far above the $23.52 billion estimate.
  • Net realizations increased by 52% y/y to $308.4 million.
  • Blackstone announced a quarterly dividend of 82 cents per share, payable on August 5, 2024, to common stockholders recorded by July 29, 2024.

A look at Blackstone 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

Blackstone Inc., an investment company with a diverse range of focus areas such as real estate, hedge funds, and private equity, has received moderate to solid Smartkarma Smart Scores across the board. The company’s outlook is generally positive, with scores of 3 for Dividend, Growth, Resilience, and Momentum, indicating a balanced performance across various key metrics. While there is room for improvement in terms of the Value score at 2, Blackstone’s overall outlook appears steady.

Looking ahead, Blackstone seems well-positioned for long-term success, supported by its stable Dividend, Growth, Resilience, and Momentum scores. With a solid footing in various investment sectors and a global customer base, Blackstone is poised to navigate potential market challenges and capitalize on opportunities. Investors may view Blackstone as a reliable option for steady performance and potential growth in the foreseeable future, backed by its consistent 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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Persistent Systems (PSYS) Earnings: 1Q Net Income Surges 34% to Meet Estimates with Strong Revenue Growth

By | Earnings Alerts
  • Net Income: 3.06 billion rupees, increased by 34% year-over-year, meeting the estimate of 3.03 billion rupees.
  • Revenue: 27.4 billion rupees, increased by 18% year-over-year, surpassing the estimate of 27.12 billion rupees.
  • Total Costs: 23.7 billion rupees, increased by 16% year-over-year.
  • Other Income: 306.4 million rupees, increased by 42% year-over-year.
  • Analyst Ratings: 17 buys, 8 holds, 11 sells.
  • Comparisons to past results are based on the company’s original disclosures.

A look at Persistent Systems Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience5
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, Persistent Systems shows a promising long-term outlook. With strong scores in growth, resilience, and momentum, the company seems well-positioned for future success. Persistent Systems specializes in outsourced software product development, offering a range of services such as testing, support, and professional services.

The company’s high scores in resilience and momentum indicate that it is likely to weather market fluctuations well and continue to grow steadily. Additionally, with a respectable score in dividends, Persistent Systems may also be an attractive option for income-focused investors. While there is room for improvement in the value aspect, overall, the future looks bright for Persistent Systems in the software development 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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Atlas Copco (ATCOA) Earnings: 2Q Operating Profit Falls Short of Estimates

By | Earnings Alerts
  • Operating Profit Missed Estimates: Atlas Copco’s operating profit for Q2 was SEK9.47 billion, below the estimated SEK9.93 billion.
  • Compressor Technique Outperformed: Operating profit came in at SEK4.99 billion, surpassing the estimate of SEK4.9 billion.
  • Vacuum Technique Underperformed: Operating profit was SEK2.03 billion, lower than the estimated SEK2.33 billion.
  • Industrial Technique Fell Short: Operating profit reached SEK1.56 billion, missing the estimate of SEK1.68 billion.
  • Power Technique Met Expectations: Achieved an operating profit of SEK1.41 billion, matching the estimates.
  • Total Revenue Slightly Below Forecast: Revenue amounted to SEK44.80 billion, narrowly missing the estimate of SEK45.12 billion.
  • Compressor Technique Revenue Beat Estimates: Revenue was SEK20.14 billion, above the estimated SEK19.82 billion.
  • Industrial Technique Revenue Lower: Generated revenue of SEK7.47 billion, slightly under the estimate of SEK7.63 billion.
  • Power Technique Revenue Higher: Revenue of SEK7.39 billion, above the estimated SEK7.29 billion.
  • Analyst Ratings: 11 buy, 12 hold, 5 sell.

A look at Atlas Copco 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

Atlas Copco, an international industrial group, is poised for a promising long-term future based on its Smartkarma Smart Scores. With a strong score of 4 for Growth and Momentum, the company demonstrates solid potential for expansion and market performance. Additionally, its Resilience score of 3 indicates a stable foundation to withstand economic challenges. Although the company’s Value and Dividend scores are more moderate at 2, the overall outlook for Atlas Copco appears positive with a focus on growth and momentum in its operations.

Atlas Copco AB, a global industrial conglomerate, has a diversified portfolio that includes compressed air equipment, mining tools, generators, and various assembly systems. The company’s Smartkarma Smart Scores highlight its strengths in growth and momentum, positioning it well for future success. While there may be room for improvement in areas such as value and dividends, Atlas Copco’s resilience and focus on innovation are key factors that contribute to its overall positive outlook 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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