Category

Smartkarma Newswire

Synnex Corp (SNX) Earnings: 2Q Adjusted EPS Falls Short of Estimates

By | Earnings Alerts
“`html

  • Adjusted EPS Miss: TD SYNNEX reported adjusted earnings per share (EPS) of $2.73, missing estimates of $2.82. However, this is an increase from $2.43 year-over-year (y/y).
  • Revenue Slight Decline: Revenue stood at $13.95 billion, a 0.8% decrease y/y. This fell short of the $14.1 billion estimate.
  • Adjusted EBITDA: Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 3.6% y/y to $416.5 million, beating the $413.5 million estimate.
  • Adjusted Operating Margin: The adjusted operating margin was 2.78%, up from 2.67% y/y and slightly above the estimate of 2.77%.
  • Third Quarter Forecast: For the next quarter, TD SYNNEX forecasts:
    • Adjusted EPS between $2.55 to $3.05 (estimate $2.88)
    • Revenue between $13.3 billion to $14.9 billion (estimate $14.5 billion)
  • Positive Comments: CEO Rich Hume stated that the company saw an improving IT spending environment, with growth in their core business in both Endpoint and Advanced Solutions, as well as mid-teens growth in Strategic Technologies.
  • Analyst Ratings: The company currently has 8 buy ratings, 4 hold ratings, and 0 sell ratings.

“`


A look at Synnex Corp Smart Scores

FactorScoreMagnitude
Value4
Dividend2
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE3.4

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

SYNNEX Corp, a leading provider of information technology supply chain services, is poised for a promising long-term outlook based on its Smartkarma Smart Scores. With a solid Value score of 4, the company demonstrates attractive fundamentals and potential for growth. While its Dividend score of 2 may not be the strongest indicator, Synnex Corp shines in Momentum with a top-notch score of 5, showcasing strong upward trends. Additionally, a Growth score of 3 underscores the company’s potential for expansion, supported by a Resilience score of 3, indicating stability amidst market fluctuations.

In summary, SYNNEX Corporation’s overall outlook appears positive, buoyed by its competitive positioning in the IT supply chain sector. Combining robust value metrics, strong momentum, and growth potential, Synnex Corp‘s strategic focus on providing services to OEMs and software publishers globally positions it well for long-term success in a dynamic market environment.


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

Want Want (151) Earnings: FY Net Income Surpasses Estimates Despite Revenue Miss

By | Earnings Alerts
  • Net Income: Want Want China reported a net income of 3.99 billion yuan, surpassing the estimate of 3.89 billion yuan.
  • Revenue: Total revenue came in at 23.59 billion yuan, slightly below the estimated 23.98 billion yuan.
  • Rice Crackers Revenue: Revenue from rice crackers was 5.98 billion yuan, lower than the expected 6.17 billion yuan.
  • Dairy Products and Beverage Revenue: This segment generated 11.96 billion yuan, exceeding the estimate of 11.9 billion yuan.
  • Snack Foods Revenue: Snack foods revenue was 5.50 billion yuan, missing the estimate of 5.84 billion yuan.
  • Other Products Revenue: Revenue from other products reached 152.0 million yuan, higher than the expected 134.1 million yuan.
  • Gross Margin: Reported at 46.6%, slightly above the estimate of 46%.
  • Final Dividend per Share: Declared at 3.30 cents.
  • Analyst Ratings: The stock has 11 buy ratings, 6 hold ratings, and 3 sell ratings.

A look at Want Want Smart Scores

FactorScoreMagnitude
Value2
Dividend4
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

Want Want China Holdings Limited, a company primarily involved in the manufacturing and trading of rice crackers, snack food, beverages, and packing materials, is positioned for a positively mixed long-term outlook according to the Smartkarma Smart Scores. With a solid score of 4 in Dividend and equally decent scores of 3 in Growth, Resilience, and Momentum, the company shows promise in terms of stability, potential for growth, and sustained performance. Despite a moderate score of 2 in Value, Want Want‘s overall outlook remains optimistic, indicating a potential for steady dividends and a resilient performance in the market.

With manufacturing facilities predominantly based in China and Taiwan, Want Want‘s diversified product portfolio and market presence contribute to its overall favorable Smartkarma Smart Scores. The company’s focus on producing a variety of snack foods and beverages, alongside its emphasis on packaging materials, positions it well for long-term growth and stability in the industry. Investors looking for a company with a balanced approach to dividends, growth potential, resilience, and market momentum may find Want Want an appealing investment opportunity in the long run.

### Want Want China Holdings Limited manufactures and trades rice crackers, snack food, beverages, and packing materials. The Company also manufactures wheat, flour, and raw materials for the manufacture of snack foods. Most of the company’s production facilities are located in China and Taiwan. ###


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

Pool Corp (POOL) Earnings: FY EPS Guidance Slashed Amid Lower Demand and Cautious Consumer Spending

By | Earnings Alerts
  • Pool Corporation Cuts FY EPS Guidance: The company has lowered its full-year earnings per share (EPS) guidance to $11.04 to $11.44, down from the previous range of $13.19 to $14.19. The analyst estimate was $13.11.
  • 2Q EPS Expectation: For the second quarter, the company expects its EPS to range between $4.85 and $4.95 per share.
  • Tax Benefit in Q1 2024: The revised full-year EPS guidance includes a $19 million tax benefit recorded in the first quarter of 2024.
  • New Pool Units Decline: The company anticipates a decrease in new pool units by 15% to 20% for the year.
  • Net Sales Down: For the full year, net sales are expected to decline by approximately 6.5%.
  • Remodeling Activity Drop: Remodeling activities are projected to fall by as much as 15% for the year.
  • Challenges Due to Cautious Consumer Spending: Discretionary components of the business, especially big-ticket items like swimming pools and outdoor living projects, have faced challenges due to cautious consumer spending, resulting in an 11% decline in sales of building materials compared to the same period in 2023.
  • Focus on Recurring Revenues and Cost Management: With over 60% of its business derived from recurring revenues that are generally not affected by macroeconomic conditions, the company is concentrating on managing controllable expenses and generating free cash flow while providing top-notch customer service.
  • Stock Trading Halted: Trading of the company’s shares has been halted.
  • Analyst Recommendations: Current analyst recommendations include 5 buys, 7 holds, and 1 sell.

Pool Corp on Smartkarma

On Smartkarma, independent investment analysts like Baptista Research provide insightful coverage on Pool Corporation. Baptista Research recently published reports analyzing Pool Corporation’s performance and future prospects. In one report titled “Pool Corporation: What Are The Major Competitive Pressures That It Is Facing? – Major Drivers,” Pool Corporation reported $1.1 billion in net sales for the latest Q1 earnings. Although this figure showed a 7% dip from the previous year, it represented a 6% increase compared to the same period in 2021. The report highlighted that despite the seasonal challenges, Pool Corporation has consistently met or exceeded the $1 billion threshold in recent years.

In another report, “Pool Corporation: Initiation Of Coverage – 5 Major Drivers & 5 Major Challenges For The Future! – Financial Forecasts,” Baptista Research delved into the financial performance of Pool Corporation, the world’s largest wholesale distributor of swimming pool supplies. The report noted a 10% decline in total sales for 2023 to $5.5 billion, attributed to adverse weather conditions and high industry inventory levels. Despite these challenges, the analysts maintain a bullish sentiment on Pool Corporation’s future potential, highlighting both the drivers and challenges the company faces as it navigates the market landscape.


A look at Pool Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE2.4

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

Pool Corporation, a wholesale distributor of swimming pool supplies, equipment, and leisure products, has a mixed outlook based on Smartkarma Smart Scores. While the company scores moderately on Growth and Momentum factors, indicating potential for expansion and market performance, it lags behind on Value, Dividend, and Resilience scores. This suggests that investors may need to assess the company’s long-term prospects carefully.

Investors considering Pool Corp should note its diverse range of products, including construction materials, replacement parts, pool care products, and spas. With an overall mixed outlook, the company’s performance in the coming years may be influenced by factors such as its ability to drive growth and maintain market momentum, despite scoring lower on value, dividend, and resilience metrics.


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

Airbus Group SE (AIR) Earnings: FY Adjusted EBIT Forecast Misses Estimates, Delivery Guidance Cut for 2024

By | Earnings Alerts
“`html

  • Airbus has revised its fiscal year 2024 adjusted EBIT forecast down to €5.5 billion from the previous range of €6.5 billion to €7.0 billion.
  • Analysts had estimated an adjusted EBIT of €6.79 billion.
  • The company now expects adjusted free cash flow to be around €3.5 billion, down from the previous forecast of €4.0 billion.
  • Analyst estimates for adjusted free cash flow were around €4.13 billion.
  • Commercial aircraft deliveries are now forecasted to be about 770 planes in 2024, down from the previous expectation of 800 planes.
  • Analysts had estimated deliveries to be around 804.37 planes.
  • The company has cut its delivery guidance for the fiscal year, now seeing 770 deliveries versus the previous forecast of 800 planes.
  • Airbus is facing charges of around €0.9 billion in its H1 2024 accounts, related to telecommunications, navigation, and observation space programs.
  • The ramp-up of the A320 family production to 75 units per month has been pushed back by one year, now expected to be reached in 2027.
  • Specific supply chain issues are mainly in engines, aerostructures, and cabin equipment.
  • The company continues to ramp up towards a production rate of 75 A320 family aircraft per month.
  • Airbus’ half-year results will be disclosed on 30 July 2024.
  • Latest analyst ratings: 20 buys, 5 holds, and 1 sell.

“`


A look at Airbus Group SE Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience4
Momentum3
OVERALL SMART SCORE3.2

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

According to the Smartkarma Smart Scores, Airbus Group SE appears to have a solid long-term outlook. The company scores high in Growth and Resilience, indicating strong potential for expansion and the ability to withstand challenges. With a Growth score of 5, Airbus Group SE is positioned well for future development and innovation within the aerospace industry. Additionally, a Resilience score of 4 suggests that the company has robust mechanisms in place to navigate economic fluctuations and external pressures.

While the Value and Dividend scores are moderate at 2, Airbus Group SE‘s overall momentum in the market is rated at 3. This indicates a steady trajectory in terms of market performance. With its diversified product range spanning from commercial aircraft to defense systems, Airbus Group SE is positioned as a key player in the aviation and military equipment sectors, potentially offering investors growth opportunities amidst market fluctuations.


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

China Gas Holdings (384) Earnings Fall Short: FY Net Income at HK$3.18 Billion vs. Estimate of HK$4.27 Billion

By | Earnings Alerts
  • Net income: HK$3.18 billion (Estimated: HK$4.27 billion)
  • Revenue: HK$81.41 billion (Estimated: HK$88.33 billion)
  • Gross profit margin: 13.9% (Estimated: 14.4%)
  • Natural gas sales: 41.70 billion cubic meters (Estimated: 41.11 billion cubic meters)
  • Final dividend per share: 35 HK cents
  • Analyst recommendations:
    • 16 buys
    • 9 holds
    • 1 sell

A look at China Gas Holdings 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

China Gas Holdings Ltd., a company that invests in, operates, and manages natural gas distribution pipelines, shows a promising long-term outlook based on its Smartkarma Smart Scores. With a solid score in dividends and momentum, along with decent scores in value and growth, China Gas Holdings is positioned well for the future. Its focus on distributing natural gas to different sectors and operating gas stations provides a stable base for growth.

Despite a slightly lower score in resilience, China Gas Holdings‘ overall outlook remains positive, supported by its strength in dividends and momentum. The company’s strategic investments in natural gas distribution and sales, catering to various user segments, indicate a strong foundation for continued growth and sustainability in the market.

Summary: China Gas Holdings Ltd. invests in, operates and manages natural gas distribution pipelines. The Company distributes and sells natural gas to residential, commercial and industrial users, and bottles and sells compressed natural gas. China Gas also constructs and operates gas stations.


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

Panasonic Corp (6752) Earnings: FY Net Income Forecast Maintained Despite Missing Estimates

By | Earnings Alerts
  • Panasonic maintains its forecast for the fiscal year net income at 310.00 billion yen.
  • Analysts had estimated a higher net income of 335.59 billion yen.
  • Panasonic expects net sales to be 8.60 trillion yen.
  • This net sales forecast fell slightly short of the estimated 8.63 trillion yen.
  • The company projects operating income to be 380.00 billion yen.
  • This operating income forecast is significantly below the estimate of 454.13 billion yen.
  • Analyst ratings include 10 buys, 6 holds, and 1 sell for Panasonic.

A look at Panasonic Corp Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth5
Resilience3
Momentum3
OVERALL SMART SCORE4.0

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

Analysts at Smartkarma have given Panasonic Corp glowing ratings across various key factors. With top scores in Value, Growth, and a strong Dividend score, the company looks promising for long-term investors. The high Value rating suggests that Panasonic’s stock may be undervalued relative to its intrinsic worth. Additionally, the impressive Growth score indicates the company’s potential for expansion and increasing market share. Investors seeking steady income could find Panasonic attractive with its solid Dividend score, offering them potential returns.

While Panasonic scored lower in Resilience and Momentum, the overall outlook remains positive. The Resilience score, though not the highest, indicates the company’s ability to weather economic downturns and challenges in the industry. Similarly, the Momentum score, while not the strongest, suggests a steady pace of growth for Panasonic. Considering its wide range of products and global presence, Panasonic Corporation appears to be a robust player in the electric and electronic products 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.
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

Top 10 Highlights from the APAC PE, VC and Startup Ecosystem this Week – 23 Jun 2024

By | Private Markets, Smartkarma Newswire

Top ten highlights from the APAC PE, VC, and startup ecosystem this week:

  1. Hamilton Lane’s Record-Breaking Secondary Fund Raise: Hamilton Lane raised $5.6 billion for its latest secondary fund, surpassing its initial target with support from new and existing investors.
  2. General Catalyst Acquires Venture Highway: US venture capital firm General Catalyst acquired Indian peer Venture Highway, solidifying its presence in the early-stage tech investment landscape.
  3. Chinese Wealthy Families Turn to Hong Kong: Wealthy families in China are opting for Hong Kong as a wealth management hub amid regulatory challenges in Singapore following a high-profile money laundering case.
  4. Shift in Asia Pacific Family Office Strategies: Family offices in the Asia Pacific region are increasing allocations to private equity, drawn by diverse investment opportunities and industry maturation.
  5. Decheng Capital’s Fundraising Plans: Healthcare and life-science investment firm Decheng Capital aims to raise $700 million for its fifth fund, potentially its largest vehicle to date.
  6. WSIB’s Climate-Focused Impact Fund Investment: Washington State Investment Board committed $400 million to TPG Rise Climate II, a fund focusing on climate solutions and carbon reduction through buyout and growth investments.
  7. Maybank Asset Management’s New Fund Launch: Kuala Lumpur-based Maybank Asset Management rolled out the MAMG Premium Brands Fund in collaboration with Swiss investment firm Pictet Asset Management.
  8. Lok Capital Announces Fund Close: New energy asset management platform Lok Capital secured the first close of its inaugural fund, targeting a total of 2 billion yuan in raised funds.
  9. Arrowpoint Investment Partners’ Backing: Asia’s largest hedge fund launch, Arrowpoint Investment Partners, received investment from the Canada Pension Plan Investment Board and a unit of Singapore’s Temasek Holdings.
  10. Partners Group Expands to Hong Kong: Global private investment firm Partners Group established an office in Hong Kong to enhance its private wealth client base in Greater China.

APAC Private Markets Research

Explore latest Insights on APAC Private Markets on Smartkarma


Disclaimer:This article by is general in nature and based on publicly available information and 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

Also, check out the latest in ECM Research on Smartkarma