Category

Earnings Alerts

TTMT Earnings: Tata Motors Ltd Q1 Revenue Soars Past Estimates Across Commercial and Passenger Vehicles Segments

By | Earnings Alerts
  • Tata commercial vehicles revenue: 178 billion rupees (Estimated: 165.89 billion rupees)
  • Tata passenger vehicles revenue: 118 billion rupees (Estimated: 103.16 billion rupees)
  • Jaguar Land Rover revenue: GBP 7.3 billion
  • Finance cost: 20.88 billion rupees (Estimated: 23.41 billion rupees)
  • Jaguar Land Rover EBITDA margin: 15.8%
  • Analyst ratings: 24 buys, 6 holds, 5 sells

Tata Motors Ltd on Smartkarma

Analyst Coverage of Tata Motors Ltd on Smartkarma

On Smartkarma, a platform for independent investment research, several analysts have provided valuable insights into Tata Motors Ltd. Trung Nguyen from Lucror Analytics expressed a bearish sentiment in the report titled “Tata Motors – Earnings Flash – FY 2023-24 Results.” Nguyen highlighted the company’s excellent Q4 and FY 2023-24 results, noting record high revenue and earnings, along with a significant decrease in net debt, positioning the Indian division as net cash positive.

Leonard Law, CFA, also shared a bullish outlook in his report “Morning Views Asia: Tata Motors ADR, Xiaomi Corp.” The report by Lucror Analytics includes fundamental credit analysis and trade recommendations for high yield issuers in the region, discussing key company-specific developments. Additionally, Nimish Maheshwari provided a positive perspective in the report “Decoding Tata Motors Demerger: The Way Ahead,” analyzing the company’s restructuring to unlock value in electric vehicles and Jaguar Land Rover units, enhancing shareholder value through streamlined operations and focused growth strategies.


A look at Tata Motors Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
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

Based on the Smartkarma Smart Scores, Tata Motors Ltd has a positive long-term outlook. With a strong score of 5 for Growth, the company is expected to see significant expansion and development in the future. Additionally, Tata Motors scored well in Momentum with a score of 4, indicating a positive trend in stock performance. This suggests that Tata Motors is gaining traction and moving in the right direction.

While the Value score of 3 suggests that the stock may not be undervalued, the overall outlook for Tata Motors Ltd remains promising. The company’s ability to adapt and grow, as well as its current momentum in the market, positions it well for long-term success. Investors may find Tata Motors Ltd to be a compelling opportunity based on the Smartkarma Smart Scores.

Summary: Tata Motors Limited manufactures cars and commercial automotive vehicles. The company designs, manufactures, and sells a variety of commercial vehicles including trucks, vans, buses, and small cars.


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


 

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

Sign Up for Free

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

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

Teleflex Inc (TFX) Earnings: 2Q Net Revenue Falls Short of Estimates but Adjusted EPS Surpasses Expectations

By | Earnings Alerts
  • Teleflex reported second-quarter net revenue of $749.7 million, which is an increase of 0.9% year-over-year.
  • This revenue figure was below the market estimate of $762.9 million.
  • Adjusted earnings per share (EPS) from continuing operations came in at $3.42, slightly above the estimate of $3.33.
  • Excluding the impact from the Italian payback measure pertaining to prior years, the company raised its full-year 2024 revenue growth outlook.
  • The new revenue growth outlook is now expected to be between 4.25% and 5.25% year-over-year, up from the previous range of 3.75% to 4.75%.
  • The company has 7 buy ratings, 9 hold ratings, and no sell ratings from analysts.

Teleflex Inc on Smartkarma

Analyst coverage of Teleflex Inc on Smartkarma highlights positive sentiments from Baptista Research analysts. In the report titled “Teleflex Incorporated: Driving Durable Growth through Organic Growth Opportunities and Innovation! – Major Drivers” by Liam Kelly and Thomas Powell, Q1 2024 Earnings showcased promising results with a 3.8% YoY revenue increase to $737.8 million. The utilization of Teleflex’s products met expectations, indicating a positive trend in the market.

Furthermore, in another report titled “Teleflex Incorporated: M&A Focus & 5 Other Strategies Driving Growth! – Financial Forecasts” by Baptista Research, the analysis applauds Teleflex’s fourth quarter 2023 earnings, noting a 2.1% year-over-year revenue growth. The report also highlights Teleflex’s resilience in the face of material inflation and supply chain challenges, with prospects for continued improvements throughout 2024. The overall outlook on Teleflex Inc is optimistic based on these research insights.


A look at Teleflex Inc Smart Scores

FactorScoreMagnitude
Value3
Dividend2
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

Teleflex Inc, the global provider of medical technology products, is positioned for a stable long-term outlook based on the Smartkarma Smart Scores. With above-average scores in Value, Growth, Resilience, and Momentum, the company demonstrates a well-rounded profile that bodes well for its future performance. While the Dividend score lags slightly behind, the overall positive outlook indicates a company with solid fundamentals and growth potential in the medical technology sector.

Teleflex Incorporated, specializing in single-use medical devices for critical care and surgical applications, has garnered favorable ratings across key factors. This suggests that the company is likely to maintain its competitive edge and continue innovating within its niche market. Investors looking for a balanced investment with growth prospects may find Teleflex Inc an attractive option given its strong Smartkarma Smart Scores across multiple categories.


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


 

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

Sign Up for Free

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

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

Thomson Reuters (TRI) Earnings: 2Q Adjusted EPS Surpasses Expectations, Raises 2024 Outlook

By | Earnings Alerts
  • Adjusted EPS of 85 cents, beating estimates of 82 cents.
  • Revenue of $1.74 billion, slightly below the estimate of $1.75 billion.
  • Legal Professionals Revenue was $727 million, below the estimate of $739.9 million.
  • Corporates Revenue came in at $442 million, exceeding the estimate of $434.3 million.
  • Tax & Accounting Professionals Revenue was $250 million, over the estimate of $249.2 million.
  • Reuters News Revenue amounted to $205 million, slightly above the estimate of $204.9 million.
  • Global Print Revenue was $123 million, just under the estimate of $123.9 million.
  • Adjusted EBITDA was $646 million, marginally below the estimate of $650.7 million.
  • Legal Professionals Adjusted EBITDA was $327 million, underperforming the estimate of $337.2 million.
  • Corporates Adjusted EBITDA matched expectations at $163 million.
  • Tax & Accounting Professionals Adjusted EBITDA was $91 million, below the estimate of $94 million.
  • Reuters News Adjusted EBITDA was $51 million, surpassing the estimate of $44.2 million.
  • Global Print Adjusted EBITDA was $43 million, slightly below the estimate of $43.6 million.
  • Adjusted EBITDA margin stood at 37.1%, in line with estimates.
  • Based on Q2 performance, the company raised its full-year 2024 outlook for total and organic revenue growth to the high end of prior ranges.
  • The company expects third-quarter 2024 organic revenue growth to be approximately 6% and an adjusted EBITDA margin of roughly 34%.
  • Analyst ratings: 4 buys, 11 holds, and 3 sells.

A look at Thomson Reuters Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE2.6

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

Thomson Reuters Corporation, a provider of business information services, is anticipated to have a positive long-term outlook based on the Smartkarma Smart Scores. With a solid momentum score of 4, the company is showing strong performance in the market, indicating favorable growth potential in the future. Additionally, Thomson Reuters scored a 3 in Growth, showcasing a promising trajectory for expansion and development within its sector.

While the company received average scores of 2 in Value, Dividend, and Resilience, suggesting room for improvement in these areas, the overall outlook remains optimistic. Thomson Reuters’ diverse offerings of information-enabled software and tools cater to legal, tax, accounting, and compliance professionals, positioning it well for continued success in providing essential services worldwide.


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


 

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

Sign Up for Free

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

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

Becton Dickinson and Co (BDX) Earnings: 3Q Adjusted EPS Beats Estimates, Updated 2024 Guidance

By | Earnings Alerts
  • Adjusted EPS: Becton Dickinson reported an adjusted EPS of $3.50, surpassing the estimate of $3.31.
  • Revenue: The company generated revenue of $4.99 billion, slightly below the estimated $5.08 billion.
  • Segment Performance:
    • Medical revenue: $2.56 billion (estimate: $2.53 billion)
    • Medication Delivery Solutions revenue: $1.12 billion (estimate: $1.1 billion)
    • Medication Management Solutions revenue: $840 million (estimate: $832.1 million)
    • Pharmaceutical Systems revenue: $594 million (estimate: $597.5 million)
    • Life sciences revenue: $1.26 billion (estimate: $1.27 billion)
    • Integrated Diagnostic Solutions revenue: $896 million (estimate: $888.9 million)
    • Biosciences revenue: $363 million (estimate: $384.2 million)
    • Interventional revenue: $1.24 billion (estimate: $1.26 billion)
    • Surgery revenue: $376 million (estimate: $380.7 million)
    • Peripheral Intervention revenue: $488 million (estimate: $503.4 million)
    • Urology and Critical Care revenue: $375 million (estimate: $376 million)
  • Fiscal 2024 Guidance Update:
    • The company updated its GAAP revenue growth guidance to approximately 3.7%.
    • Organic revenue growth guidance is now between 5.0% to 5.25%.
    • Adjusted diluted EPS guidance was increased by $0.05 at the midpoint to a range of $13.05 to $13.15, driven by margin performance and outlook.
  • Analyst Ratings: 15 buys, 3 holds, 0 sells.

A look at Becton Dickinson and Co 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 have provided a comprehensive outlook for Becton Dickinson and Co using the Smartkarma Smart Scores. With a balanced score of 3 across multiple factors including Value, Dividend, Growth, Resilience, and Momentum, the company seems to be positioned for stable long-term growth. Becton Dickinson and Co is a global medical technology company focused on the development, manufacturing, and sale of medical devices and instrument systems used across various sectors, including healthcare institutions, research labs, clinical laboratories, pharmaceutical industry, and the general public.

Despite facing average scores across the board, Becton Dickinson and Co‘s consistent performance in key areas like Value, Dividend, Growth, Resilience, and Momentum indicates a solid base for future prospects. The company’s broad reach in the medical technology sector and its role in providing essential products to various industries position it well for sustained growth and stability in the long term.


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


 

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

Sign Up for Free

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

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

Moderna (MRNA) Earnings: FY Revenue Forecast Misses Estimates, 2Q Loss Per Share at $3.33

By | Earnings Alerts
  • Moderna’s full-year revenue forecast is between $3 billion and $3.5 billion, down from a previous forecast of about $4 billion. The market estimate was $4.14 billion.
  • Capital expenditure for the year remains steady at approximately $900 million.
  • In the second quarter, Moderna reported a loss per share of $3.33.
  • Second quarter revenue was $241 million, a 30% decline year-over-year, but above the market estimate of $131 million.
  • Revenue from COVID-19 vaccines was $184 million, exceeding the estimate of $106 million.
  • Total operating expenses in Q2 were $1.60 billion, down 27% year-over-year, and slightly below the estimate of $1.63 billion.
  • Cost of goods sold totaled $115 million, a significant 84% drop year-over-year, compared to the estimate of $72.2 million.
  • Research and Development (R&D) expenses amounted to $1.22 billion, higher than the estimate of $1.1 billion.
  • Sales, General & Administrative (SG&A) expenses were $268 million, a 19% decrease year-over-year, and under the estimate of $307.7 million.
  • Moderna expects very low sales in the European Union for 2024 based on recent tender framework agreement negotiations.
  • Second quarter net product sales were $184 million, a 37% decrease year-over-year, reflecting the expected seasonal shift in COVID-19 vaccine demand.
  • As of June 30, cash, cash equivalents, and investments stood at $10.8 billion, down from $12.2 billion as of March 31, 2024.
  • For the second half of the year, a sales split of 40-50% is expected in the third quarter, with the remaining balance in the fourth quarter, depending on regulatory approvals.
  • The update in product sales is driven by very low EU sales, potential revenue deferrals for certain international sales into 2025, and a more competitive U.S. respiratory vaccine market.
  • The projected year-end cash and investments for 2024 are approximately $9 billion.

Moderna on Smartkarma

Analysts at Baptista Research have provided insightful coverage on Moderna Inc. on Smartkarma. In a report titled “Moderna Inc.: Progress in Personalized Cancer Vaccine (PCV) Manufacturing & Other Major Developments,” they highlight the company’s positive momentum in the first quarter of 2024. Moderna’s advancements in personalized cancer vaccine manufacturing and ongoing Phase III studies for COVID vaccines show promising outcomes. The company’s clinical progress on various viruses like EBV, VZV, and Norovirus further demonstrate its commitment to innovation.

In another report, “Moderna Inc: Initiation Of Coverage – Product Pipeline,” Baptista Research introduces Moderna Inc. as a leading biotechnology firm specializing in mRNA technology for therapeutics. Despite facing challenges in 2023, Moderna remained optimistic entering 2024. The company’s financial performance in 2023 revealed a revenue of $6.1 billion, with a net loss of $4.7 billion, reflecting its focus on long-term growth and innovation in the biotech sector.


A look at Moderna Smart Scores

FactorScoreMagnitude
Value3
Dividend1
Growth2
Resilience5
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

Based on the Smartkarma Smart Scores, Moderna has a mixed long-term outlook. With a Value score of 3, the company seems moderately priced relative to its intrinsic value. However, Moderna lags in terms of Dividend and Growth scores, indicating a lower emphasis on these factors. Despite this, the company excels in Resilience and Momentum, with scores of 5 and 4 respectively, suggesting a strong ability to weather market fluctuations and maintain positive upward momentum.

Moderna, Inc. is a biotechnology company specializing in the development of messenger RNA therapeutics and vaccines. Their focus includes creating mRNA medicines for infectious diseases, immuno-oncology, and cardiovascular conditions. With a mix of scores across various categories, Moderna’s long-term performance may be impacted by its resilience and momentum more than its value, dividend, 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

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

Sign Up for Free

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

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

ITT (ITT) Earnings: 2Q Revenue of $905.9M Meets Estimates, Adjusted EPS Surpasses Expectations

By | Earnings Alerts
  • ITT Inc reported second-quarter revenue of $905.9 million, marking an 8.6% increase year-over-year.
  • The revenue slightly missed the estimate of $907.7 million.
  • Adjusted Earnings Per Share (EPS) for the quarter was $1.49, up from $1.33 year-over-year.
  • The reported EPS beat the estimated EPS of $1.46.
  • Analysts’ recommendations include 11 buys, 2 holds, and 0 sells.

ITT on Smartkarma

Analysts on Smartkarma are closely monitoring ITT Corporation, with Baptista Research recently initiating coverage on the company. In their report titled “ITT Inc.: Initiation of Coverage – Will Its Outstanding Performance In The China Market Last? – Major Drivers,” Baptista Research highlighted ITT’s strong first-quarter results in 2024, exceeding revenue, margin, and EPS expectations. The company’s impressive performance carried over from 2023, with organic order growth reaching around 7% or 13% in total, resulting in nearly $1 billion in order bookings.


A look at ITT Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE3.2

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

Analysts have a positive long-term outlook on ITT Inc., a company that manufactures engineered components and technology solutions for various industries. Based on Smartkarma Smart Scores, ITT received a high score of 5 for Growth, indicating strong potential for expanding its business and increasing its market share in the future.

While the company scored moderately in other areas such as Value, Dividend, Resilience, and Momentum, its exceptional Growth score highlights ITT’s capacity to innovate and develop new products for sectors including energy infrastructure, electronics, aerospace, and transportation. Investors may view ITT as a promising option for long-term investment due to its strong growth prospects and diversified product offerings.


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


 

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

Sign Up for Free

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

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

Cenovus Energy Inc (CVE) Earnings: 2Q EPS Misses Estimates Despite Strong Production Growth

By | Earnings Alerts
  • Cenovus Energy reported EPS of C$0.53 for Q2 2024, compared to C$0.44 the same quarter last year, missing the estimate of C$0.71.
  • Oil sands production increased by 6.6% year-over-year to 611,500 barrels of oil equivalent per day (BOE/D), surpassing the estimate of 591,269 BOE/D.
  • Upstream production grew by 9.7% year-over-year to 800,800 barrels of oil equivalent per day (boe/d), exceeding the estimate of 780,271 boe/d.
  • Capital investments reached C$1.16 billion in Q2 2024, up 15% from the previous year, but slightly below the estimate of C$1.19 billion.
  • Adjusted funds flow per share was C$1.26, compared to C$0.98 the same quarter last year.
  • Cenovus Energy maintains its forecast for capital investments in the range of C$4.5 billion to C$5.0 billion for the year, in line with the estimate of C$4.75 billion.
  • The company has strong market confidence, with 20 buys, 0 holds, and 0 sells from analysts.

A look at Cenovus Energy Inc Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth5
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

Based on the Smartkarma Smart Scores, Cenovus Energy Inc shows a promising long-term outlook. With a solid growth score of 5, the company is positioned for significant development and expansion opportunities. This indicates that Cenovus Energy has the potential to grow its business operations and increase its market presence in the future.

Although the company ranks lower in resilience with a score of 2, Cenovus Energy demonstrates strength in value, dividend, and momentum, with scores of 3, 3, and 4 respectively. This suggests that the company’s stock may present a good value opportunity, potentially offering dividends to shareholders, and showing positive momentum in the market. Overall, Cenovus Energy Inc, as an integrated oil company with operations in natural gas, crude oil, and natural gas liquids reserves, appears to have a favorable long-term outlook for investors.

Summary: Cenovus Energy Inc. is an integrated oil company with natural gas, crude oil, and natural gas liquids reserves. The company has established production in Alberta and Saskatchewan, along with refineries in Illinois and Texas.


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


 

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

Sign Up for Free

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

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

Targa Resources (TRGP) Earnings: 2Q Revenue Misses Estimates but Adjusted EBITDA Surpasses Forecast

By | Earnings Alerts
  • Revenue: Targa Resources reported $3.56 billion, missing the estimate of $4.93 billion.
  • Adjusted EBITDA: The company achieved $984.3 million, surpassing the estimate of $931.8 million.
  • Net Maintenance Capital Expenditures: Actual spending was $52.8 million, lower than the estimated $56 million.
  • Analyst Ratings: The company’s stock has 21 buys, 1 hold, and 1 sell recommendation.

Targa Resources on Smartkarma

Analyst Coverage of Targa Resources on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have initiated coverage on Targa Resources Corp. Their insightful report titled “Targa Resources Corp: Initiation of Coverage – A Story Of Continued Organic Growth in Core Businesses! – Major Drivers” highlights the company’s resilience in financial performance and operational execution. Targa Resources Corp. achieved record adjusted EBITDA, Permian volumes, and LPG export volumes in Q1 2021, showing strong performance. This has led to mixed effects on its investment outlook, with significant dividend increases and common share repurchases contributing to its positive sentiment.


A look at Targa Resources Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth5
Resilience2
Momentum5
OVERALL SMART SCORE3.4

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

Based on the Smartkarma Smart Scores, Targa Resources shows a promising long-term outlook. With a high Growth score of 5, the company is positioned for potential expansion and development in the future. This indicates that Targa Resources may experience significant growth opportunities in the midstream natural gas and natural gas liquid services sector. Additionally, the Momentum score of 5 suggests that the company has strong positive price momentum, which could attract investors looking for a stock with upward potential.

While Targa Resources scores lower in terms of Value and Resilience, with scores of 2, its Dividend score of 3 implies a moderate dividend yield for investors. Overall, Targa Resources Corp. appears to have a positive outlook for long-term growth and momentum in the midstream energy sector, despite some lower scores in areas such as value and resilience.

Summary: Targa Resources Corp. is involved in midstream natural gas and natural gas liquid services, including gathering, compressing, treating, processing, and selling natural gas. The company also handles storage, fractionation, treatment, transportation, and sale of natural gas liquids and related products.


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


 

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

Sign Up for Free

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

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

Xcel Energy Inc (XEL) Earnings: 2Q EPS Misses Estimates Amid Modest Revenue Growth

By | Earnings Alerts
  • Second Quarter Ongoing EPS: 54 cents, lower than estimated 57 cents but higher than last year’s 52 cents.
  • Operating Revenue: $3.03 billion, a slight increase of 0.2% year-over-year, missing the estimate of $3.32 billion.
  • Electric Operating Revenue: $2.66 billion, up by 2.2% compared to last year.
  • Natural Gas Operating Revenue: $355 million, down by 9.7% year-over-year.
  • Other Operating Revenue: $14 million, a significant drop of 50% compared to last year.
  • Year Forecast: EPS still expected to be between $3.50 and $3.60, in line with the estimate of $3.56.
  • Analyst Recommendations: 9 buy ratings, 7 hold ratings, and 1 sell rating.

Xcel Energy Inc on Smartkarma

On Smartkarma, a renowned independent investment research network, analysts like Baptista Research delve into Xcel Energy Inc. Their report titled “Xcel Energy Inc.: Initiation of Coverage – Will Its Investments In Clean Energy & Grid Modernization Pay Off? – Major Drivers” explores the company’s recent first-quarter earnings discussions. Xcel Energy highlighted an improved earnings per share compared to the previous year amidst operational challenges and opportunities. The firm’s focus remains on bolstering system resiliency against wildfire risks and advancing clean energy projects.


A look at Xcel Energy Inc Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.2

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

Based on the Smartkarma Smart Scores, Xcel Energy Inc shows a solid long-term outlook. The company receives a high score in Dividend and Momentum, indicating a strong performance in these areas. Additionally, with moderate scores in Value and Growth, Xcel Energy Inc is positioned well for potential growth opportunities in the future. However, the company’s Resilience score is lower, suggesting possible areas for improvement in terms of risk management and stability.

Xcel Energy, Inc. provides electric and natural gas services across several states in the United States. Their services include electricity and natural gas generation, transmission, and distribution. With a generally positive outlook based on the Smartkarma Smart Scores, Xcel Energy Inc appears to be a promising investment option for those looking for stable dividends and strong momentum in the energy 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

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

Sign Up for Free

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

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

Ball (BALL) Earnings: 2Q Comparable EPS Surpasses Estimates at 74c

By | Earnings Alerts
  • Comparable EPS: 74 cents, beating the estimate of 70 cents.
  • Net Sales: $2.96 billion, below the estimate of $3.1 billion.
  • Beverage Packaging Net Sales:
    • North & Central America: $1.47 billion, below the estimate of $1.53 billion.
    • EMEA: $880 million, below the estimate of $936.4 million.
    • South America: $422 million, slightly below the estimate of $425 million.
  • Beverage Packaging Comparable Operating Earnings:
    • North & Central America: $210 million, beating the estimate of $199.2 million.
    • EMEA: $113 million, beating the estimate of $104.1 million.
    • South America: $37 million, below the estimate of $49.8 million.
  • Shareholder Returns: Company aims to return over $1.6 billion to shareholders in 2024.
  • Analyst Recommendations: 9 buys, 10 holds, 1 sell.

Ball on Smartkarma

Analysts on Smartkarma, such as Baptista Research, are closely covering Ball Corporation’s latest developments. In their report “Ball Corporation: A Story Of Market Dominance & Adaptive Approach! – Major Drivers,” Baptista Research points out the company’s strong operating results in the fourth quarter and throughout 2023. They highlight the company’s strategic decisions, including the sale of its aerospace business and adjustments in its manufacturing footprint, which have contributed to a free cash flow of $818 million. This positive sentiment indicates a bullish outlook on Ball Corporation’s performance and future prospects.


A look at Ball Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth2
Resilience3
Momentum3
OVERALL SMART SCORE2.6

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

Based on Smartkarma Smart Scores, Ball Corporation shows a moderate outlook for Value, with a score of 3, indicating stable performance in this area. However, the company’s scores for Dividend and Growth are rated as 2, suggesting room for improvement in these aspects. In terms of Resilience and Momentum, Ball scores a 3, reflecting a decent level of resilience and momentum.

Ball Corporation is a global provider of metal packaging solutions for various industries, including beverages, foods, and household products. Additionally, the company offers aerospace technologies and services to both commercial and governmental clients. With a mixed rating across different factors, Ball’s long-term prospects may be influenced by its ability to enhance dividend payouts and drive growth in the future.


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


 

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

Sign Up for Free

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

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