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Smartkarma Newswire

Costco Wholesale (COST) Earnings: 3Q EPS Beats Estimates with $3.78 vs $3.70 Expected

By | Earnings Alerts
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  • Costco’s Q3 earnings per share (EPS) were $3.78, surpassing last year’s $2.93 and the estimate of $3.70.
  • Total company comparable sales increased by 6.6%, exceeding the estimate of 6.27%.
  • US comparable sales rose by 6.2%, beating the estimate of 5.2%.
  • Canada’s comparable sales grew by 7.7%, higher than the estimate of 6.79%.
  • International comparable sales climbed by 7.7%, above the estimate of 7.43%.
  • Excluding fuel and currency effects, total company comparable sales rose by 6.5%, surpassing the estimate of 5.93%.
  • US comparable sales, excluding fuel and currencies, increased by 6%, which is better than the estimate of 5.51%.
  • Canada’s comparable sales, excluding gas and FX, were up 7.4%, higher than the 6.96% estimate.
  • International comparable sales, excluding fuel and currencies, jumped by 8.5%, beating the estimate of 7.46%.
  • Total revenue was $58.52 billion, a 9.1% increase year-over-year, above the estimate of $57.98 billion.
  • Net sales amounted to $57.39 billion, marking a 9.1% year-over-year growth, exceeding the $56.83 billion estimate.
  • Membership fees were $1.12 billion, a 7.6% rise year-over-year, matching expectations.
  • Costco operates 878 warehouses globally, including:
    • 605 in the United States and Puerto Rico
    • 108 in Canada
    • 40 in Mexico
    • 33 in Japan
    • 29 in the United Kingdom
    • 18 in Korea
    • 15 in Australia
    • 14 in Taiwan
    • 7 in China
    • 4 in Spain
    • 2 in France
    • 1 each in Iceland, New Zealand, and Sweden
  • Analyst ratings: 27 buys, 15 holds, 1 sell.

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Costco Wholesale on Smartkarma

Costco Wholesale has been receiving positive analyst coverage on Smartkarma, with a bullish sentiment from Baptista Research. In their recent report titled “Costco Wholesale Corporation: Are Its Efforts With Respect To E-commerce Penetration & Delivery Expansion Working Well? – Major Drivers,” Baptista Research delves into Costco’s second-quarter fiscal year 2024 earnings. CFO Richard Galanti expressed optimism for the company’s future, highlighting specific achievements and plans. With a net income of $1.743 billion for Q2 2024, up from $1.466 billion last year, Costco shows strong growth and strategic initiatives.


A look at Costco Wholesale Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE3.6

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

Costco Wholesale Corporation, known for its wide range of offerings in the wholesale membership warehouse sector, holds promising long-term potential based on its Smartkarma Smart Scores. With strong momentum and resilience scores of 5 and 4 respectively, Costco indicates a robust performance outlook. The company’s growth score of 4 signifies positive prospects for expansion, while its dividend score of 3 reflects a stable dividend policy. Although its value score is at 2, the overall outlook remains optimistic for Costco.

Costco Wholesale Corporation, a global operator of wholesale membership warehouses, boasts a diversified product portfolio spanning various categories such as food, electronics, apparel, and more. The company’s Smartkarma Smart Scores paint a favorable long-term outlook, particularly with high scores in momentum and resilience. With a focus on growth and a stable dividend policy, Costco demonstrates strength in navigating market conditions and sustaining performance in the competitive retail landscape.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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NetApp Inc (NTAP) Earnings: Q4 Adjusted EPS Surpasses Estimates with Strong Hybrid Cloud Revenue Growth

By | Earnings Alerts
  • Adjusted EPS: $1.80, up from $1.54 last year, and above the estimate of $1.78.
  • Hybrid Cloud Net Revenue: $1.52 billion, a 6% increase year-over-year, slightly above the estimate of $1.51 billion.
  • Product Revenue: $806 million, up 8.3% year-over-year, but below the estimate of $827.2 million.
  • Total Hardware Product Revenue: $360 million, up 17% year-over-year, yet below the estimate of $371.3 million.
  • Total Software Product Revenue: $446 million, up 2.1% year-over-year, significantly below the estimate of $642.9 million.
  • Support Revenue: $623 million, a 4.2% increase year-over-year, but below the estimate of $637 million.
  • Public Cloud Net Revenue: $152 million, a 0.7% increase year-over-year, and slightly above the estimate of $150.4 million.
  • Adjusted Gross Margin: 71.5%, up from 69% last year, and above the estimate of 71.1%.
  • EPS: $1.37, compared to $1.13 last year.
  • First Quarter Forecast – Net Revenue: Expected to be between $1.46 billion and $1.61 billion, compared to the estimate of $1.53 billion.
  • First Quarter Forecast – Adjusted EPS: Expected to be between $1.40 and $1.50, compared to the estimate of $1.43.
  • Analyst Ratings: 5 buy ratings, 13 hold ratings, and 2 sell ratings.

Netapp Inc on Smartkarma

Analyst coverage of NetApp Inc on Smartkarma reveals positive sentiments from top independent analysts. Baptista Research‘s report on “NetApp Inc.: Will Their Investment In AI Technology Pay Off? – Key Drivers” highlights the company’s strong performance in Q3 FY ’24, exceeding revenue guidance. The momentum of their expanded all-flash product portfolio drove revenue growth, signaling a promising outlook for NetApp’s AI investments.

Further, Baptista Research‘s analysis on “NetApp Inc.: Can Its New Hybrid Cloud Solution Help Catalyze Growth? – Major Drivers” showcases NetApp’s exceptional performance in the last quarter. The company achieved an all-around beat, attributed to strategic focuses on enhancing storage business performance and refining the Public Cloud business approach. Notably, the quarter reflected robust growth in the hybrid cloud segment, with a significant revenue increase, indicating potential growth catalysts for NetApp Inc.


A look at Netapp Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE3.6

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

NetApp Inc. has received a promising long-term outlook based on the Smartkarma Smart Scores, with high scores in Growth, Resilience, and Momentum. The company’s strong Growth and Resilience scores indicate its potential for expansion and ability to withstand market challenges effectively. Additionally, its Momentum score suggests positive market sentiment and performance trends. While the Value and Dividend scores are not as high, NetApp Inc.’s overall outlook appears solid, positioning it well for future growth and sustainability in the storage and data management sector.

NetApp, Inc. is a provider of storage and data management solutions, catering to enterprises, government agencies, and universities globally. With a focus on specialized hardware, software, and services for open network environments, the company plays a vital role in facilitating storage management for a wide range of organizations. The combination of its diversified services and global reach enhances NetApp Inc.’s positioning in the market, supporting its strong outlook as reflected in the Smartkarma Smart Scores across various key factors.


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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Apollo Hospitals Enterprise (APHS) Earnings: Q4 Net Income Below Estimates Despite 75% Increase

By | Earnings Alerts
  • Net income: 2.54 billion rupees, a 75% increase year over year, but below the estimated 2.65 billion rupees.
  • Revenue: 49.4 billion rupees, up 15% year over year, slightly missing the estimate of 49.45 billion rupees.
  • Healthcare Services Revenue: 25.8 billion rupees, marking a 16% increase year over year.
  • Diagnostics & Retail Health Revenue: 3.54 billion rupees, up 15% year over year but just under the estimated 3.57 billion rupees.
  • Digital Health & Pharmacy Distribution Revenue: 20.3 billion rupees, a 13% year over year increase, though lower than the estimated 20.66 billion rupees.
  • Total costs: 46.1 billion rupees, which is a 13% increase year over year.
  • Other income: 281 million rupees, rising 72% year over year.
  • EBITDA: 6.41 billion rupees, up 31% year over year, surpassing the estimate of 6.37 billion rupees.
  • Dividend per share: 10 rupees.
  • Stock ratings: 24 buys, 1 hold, 2 sells.

A look at Apollo Hospitals Enterprise Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
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

According to Smartkarma Smart Scores, Apollo Hospitals Enterprise demonstrates a promising long-term outlook. With a Growth score of 4, the company is positioned for significant expansion and development in the future. This indicates a positive trajectory in terms of market growth and potential profitability.

Additionally, Apollo Hospitals Enterprise scores well in Resilience and Momentum, with scores of 3 for both factors. This suggests that the company has the ability to weather challenges and adapt to market conditions, while also showing strong performance trends. Although the Value and Dividend scores are at 2, the overall outlook for Apollo Hospitals Enterprise appears to be optimistic based on its robust Growth, Resilience, and Momentum scores.

Summary of Apollo Hospitals Enterprise: The company owns and operates hospitals in India, along with a 24-hour pharmacy network spanning over 120 outlets across the country. Apollo Hospitals also offers clinics, managed care, and family health plans. With locations in major cities like Chennai, Hyderabad, and Delhi, as well as international presence in Dubai, Apollo Hospitals Enterprise is a key player in the healthcare 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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SEO Optimised Headline: Best Buy Co Inc (BBY) Earnings Disappoint as 1Q Sales Miss Estimates

By | Earnings Alerts
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  • Best Buy’s enterprise comparable sales fell by 6.1% in Q1, missing the estimated decline of 4.99%.
  • International comparable sales dropped by 3.3%, slightly below the estimate of 3%.
  • US comparable sales decreased by 6.3%, underperforming the estimated 5.02% drop.
  • US entertainment comparable sales plummeted by 11.3%, missing the +3.8% in the previous year and the estimate of -2%.
  • US appliances comparable sales fell sharply by 18.5%, significantly missing the estimated 9.92% decline.
  • US computing and mobile phone comparable sales declined by 2.2%, outperforming the estimated 4.17% drop and a significant improvement from last year’s 13.3% decline.
  • US consumer electronics comparable sales fell by 8.3%, which was better than last year’s 9.8% but missed the estimated decline of 6%.
  • US online comparable sales fell by 6.1%, better than last year’s 12.1% decline.
  • Adjusted EPS stood at $1.20, exceeding the estimated $1.08 and last year’s $1.15.
  • Revenue was $8.85 billion, missing the $8.97 billion estimate and down 6.5% year-over-year.
  • US revenue was $8.20 billion, below the $8.35 billion estimate and down 6.8% year-over-year.
  • International revenue was $644 million, slightly below the $647.6 million estimate and down 3.3% year-over-year.
  • Gross margin improved to 23.3%, exceeding the estimated 23% and last year’s 22.7%.
  • For Q2 FY25, Best Buy anticipates a comparable sales decline of approximately 3% and a non-GAAP operating income rate of around 3.5%.
  • Best Buy noted progress on FY25 priorities, growth in paid memberships, and improvements in customer experiences.
  • The midpoint of comparable sales guidance still expects profitability at the high end of the non-GAAP operating income rate due to higher gross profit rates in membership and services offerings.
  • Analyst ratings: 9 buys, 15 holds, 4 sells.

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Best Buy Co Inc on Smartkarma

Analyst coverage of Best Buy Co Inc on the independent investment research network Smartkarma has provided insights into the company’s recent performance. Baptista Research, a prominent analyst on Smartkarma, published two research reports on Best Buy Co Inc. The first report, titled “Best Buy Co.: Online Sales Growth & 5 Factors Driving Its Performance! – Financial Forecasts,” highlighted the mixed sentiments in Best Buy’s fourth-quarter fiscal 2024 results. CEO Corie Barry praised the company’s ability to navigate a challenging Consumer Electronics sales environment, achieving annual profitability at the high end of their original guidance despite falling revenues.

In another report titled “Best Buy Co. Inc.: The Strategy Driving Their Membership Program Success! – Major Drivers,” Baptista Research discussed Best Buy Co Inc‘s performance in the previous quarter. While revenues fell below analyst expectations, the company managed to beat earnings estimates. The report noted a 6.9% decline in comparable sales due to softened consumer demand but highlighted growth in the paid membership base and improved customer satisfaction across various service offerings. These insights offer investors valuable information for understanding Best Buy Co Inc‘s current position and future prospects.


A look at Best Buy Co Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth3
Resilience2
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

Best Buy Co Inc has been rated across key factors by Smartkarma Smart Scores, providing insights into its long-term outlook. While the company shows strength in areas such as Dividend and Growth, with scores of 4 and 3 respectively, it lags behind in Value and Resilience, scoring 2 in each. Momentum stands at 3, indicating a moderate performance. With a varied performance across different factors, Best Buy Co Inc appears to have a mixed outlook for the future.

Best Buy Co Inc, a renowned retailer of consumer electronics, home office products, and entertainment software, faces a diverse landscape of opportunities and challenges. Despite scoring well in Dividend and showing potential for Growth, factors like Value and Resilience may present obstacles to sustained success. As the company continues to navigate the competitive retail market, maintaining its Momentum will be crucial for long-term viability and growth.


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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Dollar General (DG) Earnings: 1Q EPS Surpasses Estimates with Strong Sales Growth

By | Earnings Alerts
  • Earnings Per Share (EPS): Dollar General reported EPS of $1.65, beating estimates of $1.57 but down from $2.34 year over year (y/y).
  • Net Sales: The company achieved net sales of $9.91 billion, a 6.1% increase year over year, slightly above the $9.88 billion estimate.
  • Comparable Sales: Comparable sales grew by 2.4%, compared to 1.6% a year ago and the estimate of 1.66%.
  • Gross Margin: The gross margin was 30.2%, down from 31.6% y/y but met the estimate of 30.2%.
  • SG&A as Percentage of Revenue: Selling, General, and Administrative expenses were 24.7% of revenue, higher than 23.7% y/y and the estimate of 24.5%.
  • Operating Profit: Operating profit stood at $546.1 million, a decline of 26% y/y, though above the $528.3 million estimate.
  • Future Projections: For the quarter ending August 2, 2024, the company expects same-store sales growth in the low 2% range and diluted EPS between $1.70 and $1.85.
  • CEO Statement: Todd Vasos, CEO, expressed satisfaction with the initial 2024 results, highlighting strong customer traffic growth and market share gains.
  • Back to Basics Strategy: Dollar General continues to execute its “Back to Basics” strategy, focusing on value and convenience to resonate with customers.
  • Challenges: The company is facing shrink and sales mix challenges but is actively working to mitigate their impact.
  • Financial Guidance: The company is reiterating its full-year financial guidance, aiming for consistent, strong financial performance.
  • Ratings: The company’s stock has received 14 buys, 16 holds, and 1 sell rating from analysts.

Dollar General on Smartkarma

Analyst coverage of Dollar General on Smartkarma reveals varying sentiments and insights from top independent analysts. Baptista Research delves into Dollar General‘s performance, noting a decrease in sales in Q4 2023, partially offset by market share growth in consumable and nonconsumable products. The research evaluates factors influencing the company’s future price and conducts an independent valuation using a Discounted Cash Flow methodology.

On the other hand, MBI Deep Dives discusses Dollar General‘s stock reaction to recent earnings, highlighting a volatile day where the stock initially surged by ~6% pre-market but ended 5% down. Despite the erratic stock price movements, the analyst remains optimistic, suggesting that the worst days for Dollar General may be behind it.


A look at Dollar General Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
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

Based on the Smartkarma Smart Scores for Dollar General, the company shows a promising outlook for the long term. With a Momentum score of 4, Dollar General demonstrates strong positive price momentum which could indicate a potential for future growth. Additionally, the company scores well in Dividend and Growth with scores of 3, showcasing stability and room for expansion in its operations. Although Value and Resilience are rated lower at 2, Dollar General‘s overall performance across these key factors suggests a favorable position moving forward.

Dollar General Corporation, a discount retail chain operating in various regions of the United States, offers a wide range of products from consumables to seasonal items. With a balanced performance on the Smartkarma Smart Scores, particularly excelling in Momentum, Dividend, and Growth, Dollar General appears to be strategically positioned for sustainable growth and potential shareholder returns in the foreseeable future. Their extensive product offerings and established market presence contribute to a solid foundation for continued success in the retail 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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Telekom Malaysia (T) Earnings: 1Q EPS Exceeds Expectations, Surpassing Estimates at 11.07 Sen

By | Earnings Alerts
  • Telekom Malaysia‘s 1Q EPS: 11.07 sen, exceeding the estimate of 10.00 sen (based on 2 estimates).
  • Net income for the quarter: 424.8 million ringgit.
  • Total revenue: 2.84 billion ringgit.
  • Analyst recommendations: 15 buys, 4 holds, 1 sell.

A look at Telekom Malaysia Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth4
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, Telekom Malaysia shows a promising long-term outlook. With a strong score of 4 in both the Dividend and Growth categories, the company is positioned well to provide solid returns to its investors over time. A Momentum score of 4 indicates that the company is gaining traction and seeing positive market sentiment. However, lower scores in Value and Resilience, being 2 each, suggest that there may be areas that the company needs to focus on to enhance its overall performance.

Telekom Malaysia Berhad is a telecommunications company that offers a range of services from payphone networks to mobile telecommunication. With subsidiaries providing various communication and security services, the company plays a significant role in the industry. Looking ahead, investors may consider the company’s strong Dividend, Growth, and Momentum scores as positive indicators while keeping an eye on improving Value and Resilience aspects for long-term investment decisions.


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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Muthoot Finance (MUTH) Earnings: 4Q Net Income Surpasses Estimates with 17% Growth

By | Earnings Alerts
  • Net income for Muthoot Finance in Q4 reached 10.6 billion rupees, a 17% increase year-over-year, surpassing the estimate of 10.38 billion rupees.
  • Revenue rose to 34.1 billion rupees, a 20% increase year-over-year, significantly beating the estimate of 20.19 billion rupees.
  • Total costs amounted to 19.9 billion rupees, which is a 21% increase year-over-year.
  • The finance cost for the quarter was 12.2 billion rupees, up by 30% year-over-year, yet below the estimate of 13 billion rupees.
  • Other income decreased by 8.5% year-over-year to 94.9 million rupees.
  • Despite strong financials, Muthoot Finance shares dropped 3.7% to 1,674 rupees, with 449,890 shares traded.
  • Analyst recommendations currently include 16 buys, 2 holds, and 4 sells.

A look at Muthoot Finance Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.4

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

Muthoot Finance Ltd. is a gold financing company that offers personal and business loans secured by gold jewelry, catering primarily to individuals in need of financial assistance but lacking access to formal credit channels. The company has received strong Smart Scores across various categories, with a perfect score of 5 for Dividend, indicating a solid track record of distributing profits to its shareholders. Its Momentum score of 4 suggests a positive trend in its stock performance, while Value and Growth scores of 3 each highlight decent potential in terms of valuation and expansion. However, the company scored a 2 in Resilience, indicating some vulnerability to market fluctuations.

Looking ahead, the long-term outlook for Muthoot Finance appears promising, especially in terms of dividend payouts and stock momentum. With a strong focus on providing gold loans to underserved individuals, the company’s growth potential remains steady, albeit with certain risks based on its resilience score. Investors may find Muthoot Finance an attractive option for income generation through dividends and potential stock price appreciation, leveraging the company’s expertise in the specialized field of gold financing.


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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Hormel Foods (HRL) Earnings: 2Q Adjusted EPS Surpasses Estimates, Margin Declines

By | Earnings Alerts
  • Hormel’s adjusted EPS for Q2 is 38 cents, which beat the estimate of 36 cents.
  • EPS stands at 34 cents, down from 40 cents year-over-year (y/y).
  • Net sales reported at $2.89 billion, a 3% decrease y/y, and below the estimate of $2.97 billion.
  • Segment profit is $304.9 million, a decline of 2.3% y/y.
  • Retail profit is $132.4 million, higher than the estimate of $119.6 million.
  • Foodservice profit is $149.3 million, surpassing the estimate of $146.5 million.
  • International profit is $23.2 million, significantly above the estimate of $14.3 million.
  • Operating margin is 8.7%, down from 9.9% y/y, but slightly higher than the 8.4% estimate.
  • Cash flow from operations is $236.1 million, slightly above the estimate of $233 million.
  • Analyst ratings: 0 buys, 8 holds, 4 sells.

Hormel Foods on Smartkarma

Analysts on Smartkarma are closely monitoring Hormel Foods Corporation, a company that has recently shown a strong start for the first quarter of 2024. Baptista Research, one of the top independent analysts on the platform, highlights the company’s better-than-expected performance across all segments. With a 1% growth in topline and a significant 4% increase in volumes, particularly in foodservice, Hormel Foods is executing its strategic priorities effectively. Baptista Research is delving into the factors that could impact the company’s stock price in the near future and is conducting an independent valuation using a Discounted Cash Flow methodology.

Despite facing challenges in meeting Wall Street’s revenue and earnings expectations, Hormel Foods Corporation continues its global expansion efforts. Baptista Research notes that the company achieved $3.2 billion in net sales for the fourth quarter, indicating resilience amid market pressures, especially in the retail segment’s whole turkey market. While there are hurdles in fiscal 2023, management foresees net earnings growth in the foodservice and international segments, underscoring a balanced trajectory amidst sector-specific challenges. Smartkarma’s analysts are closely monitoring Hormel Foods to provide valuable insights and guidance to investors navigating the market.


A look at Hormel Foods Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE3.6

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

Hormel Foods Corporation, a global manufacturer of consumer-branded meat and food products, has been rated with a favorable overall outlook according to the Smartkarma Smart Scores. With a strong momentum score of 5, the company shows positive potential for continued growth and performance in the market. Additionally, Hormel Foods received solid scores in the Dividend and Resilience categories, indicating stability and investor returns over the long term.

Despite not scoring the highest in all categories, such as Value and Growth with scores of 3, Hormel Foods‘ overall outlook remains positive. The company’s diverse product offerings marketed under various branded names showcase its resilience in adapting to market changes. Investors may find Hormel Foods to be a promising investment option based on its favorable scores in key areas for long-term success.

Hormel Foods Corporation manufactures and markets consumer-branded meat and food products. The Company processes meat and poultry products and produces a variety of prepared foods. Hormel markets its products around the world under a variety of branded names.

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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Royal Bank Of Canada (RY) Earnings: RBC’s 2Q Beats Estimates with Adjusted EPS of C$2.92

By | Earnings Alerts
  • RBC’s Adjusted EPS for Q2 2024 is C$2.92, surpassing the estimate of C$2.76.
  • Reported EPS stands at C$2.74.
  • Provision for credit losses is C$920 million, slightly below the estimate of C$928.9 million.
  • Basel III common equity Tier 1 ratio is 12.8%, matching the estimate.
  • Adjusted Return on Equity (ROE) is 15.5%, outperforming the estimate of 14.4%.
  • Actual ROE is 14.5%.
  • Net income is reported at C$3.95 billion.
  • Personal & Commercial Banking net income totals C$2.05 billion.
  • Capital Markets net income records at C$1.26 billion.
  • Total revenue amounts to C$14.15 billion, exceeding the estimate of C$13.6 billion.
  • Non-interest expenses are C$8.31 billion, higher than the estimated C$7.95 billion.
  • This quarter signifies a key moment for RBC with the completion of the HSBC Bank Canada acquisition, enhancing its workforce and client base.
  • RBC’s strong results are attributed to its robust balance sheet, effective expense management, and growth across its premium franchises.
  • Market sentiment includes 13 buy ratings, 4 hold ratings, and 2 sell ratings.

A look at Royal Bank Of Canada Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
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, the long-term outlook for Royal Bank of Canada appears positive. With a Growth score of 4 and Momentum score of 4, the company seems to be in a strong position for future expansion and market performance. These high scores indicate that Royal Bank of Canada is poised for growth and has positive momentum in the market.

Although the company received lower scores in Value (3) and Resilience (2), the overall outlook remains favorable. With its diversified financial services offerings including personal and commercial banking, wealth management, insurance, corporate and investment banking, and transaction processing services, Royal Bank of Canada serves a wide range of clients globally. This diversification could help mitigate risks and support long-term stability for the company.


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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Canadian Imperial Bank of Comm (CM) Earnings: 2Q Adjusted EPS Surpasses Estimates at C$1.75

By | Earnings Alerts
  • Adjusted EPS: C$1.75, beating the estimate of C$1.65
  • Provision for Credit Losses: C$514 million, lower than the estimated C$567.4 million
  • Basel III Common Equity Tier 1 Ratio: 13.1%, matching the estimate
  • Adjusted Return on Equity (ROE): 13.4%, exceeding the estimate of 12.7%
  • Return on Equity: 13.7%
  • Net Income: C$1.75 billion
  • Canadian Commercial Banking and Wealth Management Net Income: C$456 million
  • US Commercial Banking and Wealth Management Net Income: C$93 million
  • Capital Markets Net Income: C$560 million
  • Net Interest Margin (NIM) on Average Interest-Earning Assets: 1.46%, matching estimates
  • Analyst Ratings: 6 buys, 8 holds, 4 sells

A look at Canadian Imperial Bank of Comm Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience2
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

Canadian Imperial Bank of Commerce (CIBC) is positioned well for long-term success, according to Smartkarma Smart Scores. With strong scores across Value, Dividend, Growth, and Momentum factors, CIBC demonstrates robust fundamentals and a positive growth outlook. The company’s consistent performance in areas such as value and dividend highlights its stability and attractiveness to investors seeking reliable returns. Although there is room for improvement in the Resilience factor, CIBC’s overall Smart Scores suggest a favorable long-term outlook for the bank.

CIBC, a leading provider of banking and financial services in Canada and globally, stands out for its solid performance across key metrics. The company’s emphasis on value, dividend payments, growth opportunities, and momentum in the market underlines its competitive position and potential for sustained success in the future. While facing some challenges in resilience, CIBC’s overall Smart Scores indicate a positive trajectory, positioning the bank as a strong contender for investors seeking stability and growth in the long run.


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