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Smartkarma Newswire

Sundaram Finance Reports Above-Estimate Earnings: A Comprehensive Analysis of SUF’s 4Q Net Income Beat

By | Earnings Alerts
  • Sundaram Finance reported net income of 5.06 billion rupees for the 4th quarter.
  • This net income signifies a year on year growth of 60%.
  • The net income greatly surpassed estimates which were placed at 3.39 billion rupees.
  • The company reported a remarkable revenue of 15.7 billion rupees, showing a 50% increase year on year.
  • The projected estimates for revenue were notably lower at 6.29 billion rupees.
  • Total costs for the quarter also increased, totaling 11 billion rupees – a rise of 57% year on year.
  • A dividend per share of 16 rupees was declared.
  • The company’s performance has been positively received with 6 buys, 2 holds and just one sell.
  • All comparisons to past results are based on values reported by the company in their original disclosure.

A look at Sundaram Finance Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
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, Sundaram Finance has a promising long-term outlook. With a strong score of 4 for Dividend and a top score of 5 for Momentum, the company shows potential for consistent payouts to investors and robust performance momentum.

However, it faces challenges in terms of Resilience with a score of 2. This indicates that the company may have some vulnerabilities in adapting to adverse market conditions. Despite this, the overall outlook for Sundaram Finance looks favorable given its solid foundation in growth and value, scoring 3 in both categories.

Sundaram Finance Ltd. is a financial services company based in Chennai, India. It offers a range of financial products including savings products, vehicle finance, insurance, home loans, and logistics services. With overall scores reflecting good value, dividend payouts, growth potential, and strong momentum, investors may find Sundaram Finance to be a promising investment option for 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.
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Hindalco Industries (HNDL) Earnings: 4Q Consolidated Net Surpasses Estimates, Boosted by 32% y/y Growth

By | Earnings Alerts

• Hindalco 4Q consolidated net exceeded market estimates, registering at 31.7 billion rupees. This is an impressive 32% jump compared to last year.

• The company’s sales figures also surpassed expectations, tallying up to 560 billion rupees versus the estimated 539.6 billion rupees.

• Additionally, Hindalco recorded other income worth 1.62 billion rupees in the same quarter.

• The performance of the company has received wide acclaim. Out of 27 ratings, there have been 24 buys, 1 hold, and just two sells. This exhibits broad confidence in the company’s future prospects.

• It’s important to note that these comparisons are made with the company’s previously reported results, This ensures accuracy and consistency in the analysis.


A look at Hindalco Industries Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE3.8

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

Based on the Smartkarma Smart Scores, Hindalco Industries is positioned well for long-term growth. With a strong score in Growth and Momentum, the company seems to be on a positive trajectory for the future. This indicates that Hindalco Industries may see continued expansion and upward movement in the industry.

While the company also scores high in Value and Resilience, showing stability and good fundamentals, its score in Dividend is slightly lower. However, overall, Hindalco Industries appears to be a solid choice for investors looking for a company with promising long-term prospects in the aluminum manufacturing sector.

Summary: Hindalco Industries Limited is an integrated aluminum manufacturer involved in mining bauxite, refining it into alumina, and smelting alumina into aluminum. The company also manufactures semi-fabricated rolled and extruded products, including aluminum ingots, steel rods, and rolled flat steel 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.
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Hindalco Industries (HNDL) Earnings Surpass Estimates: 4Q Consolidated Net Up by 32% Y/Y

By | Earnings Alerts
  • Hindalco’s 4Q consolidated net beats estimates at 31.7 billion rupees, representing a growth of +32% y/y.
  • Sales are reported at 560 billion rupees, showing a marginal increase of +0.3% y/y, above the estimated 539.6 billion rupees.
  • Total costs decreased by -2.2% y/y to 522.2 billion rupees.
  • Other income increased by +2.8% y/y, to a total of 3.62 billion rupees.
  • The company declared a dividend per share of 3.50 rupees.
  • The stock presently has 24 buys, 1 hold and 2 sells.
  • The comparisons to the past results are based on the values reported by the company’s original disclosures.

A look at Hindalco Industries Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE3.8

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

Based on the Smartkarma Smart Scores, Hindalco Industries is positioned well for long-term growth. With a strong score in Growth, the company shows promising potential for expansion and development in the future. This indicates that Hindalco Industries is likely to experience significant upward momentum.

Additionally, Hindalco Industries scores high in Value and Momentum, suggesting a solid foundation and positive market sentiment. While the scores for Dividend and Resilience are slightly lower, the overall outlook for the company remains positive, supported by its integrated aluminum manufacturing operations and diverse product range.

Summary of the company: Hindalco Industries Limited is an integrated aluminum manufacturer involved in mining bauxite, refining alumina, smelting aluminum, and manufacturing various aluminum products. With a focus on growth and resilience, the company is well-positioned to capitalize on future opportunities in the 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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Ashok Leyland Q4 Earnings: Surpasses Estimates with 20% Rise in Net Income

By | Earnings Alerts
  • Ashok Leyland‘s 4Q net income exceeds estimates with 9 billion rupees, which is a 20% increase year over year(y/y).
  • The estimates were aiming at a net income of 8.4 billion rupees.
  • The company’s revenue for the fourth quarter stands at 112.7 billion rupees, reflecting a 3.1% decrease y/y.
  • The projected revenue estimate was slightly higher at 112.96 billion rupees.
  • Total costs for Ashok Leyland this quarter were 99.1 billion rupees, this is a decrease of 6.5% y/y.
  • Breaking down the costs, raw material costs amounted to 74.9 billion rupees.
  • In terms of other income, the company reported 1.18 billion rupees, a significant increase from 389.2 million rupees y/y.
  • The current market recommendation consists of 26 buys, 7 holds, and 9 sells reflecting the market sentiment towards the stock.
  • All the comparisons made are based on values reported from the company’s original disclosures.

A look at Ashok Leyland Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth5
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

Based on the Smartkarma Smart Scores, Ashok Leyland‘s long-term outlook appears positive. The company received high scores in Dividend and Growth, indicating strong performance in these areas. This suggests that Ashok Leyland is likely to continue providing attractive dividend yields and show robust growth prospects in the future. Additionally, the solid Momentum score implies that the company has been demonstrating positive stock price trends recently.

However, Ashok Leyland has lower scores in Value and Resilience factors, which may indicate some room for improvement in terms of valuation and ability to withstand market volatility. Despite this, the overall outlook for Ashok Leyland seems promising based on its strong performance in Dividend, Growth, and Momentum according to the Smartkarma Smart Scores.

Ashok Leyland Limited manufactures medium and heavy duty commercial vehicles, including buses, tractors, dumpsters, haulage trucks, fire engines, and defense sector vehicles. The Company also manufactures industrial & marine engines, ferrous castings and spare parts for automobiles. Ashok Leyland sells its products in India and abroad.

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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Analyzing Nidec Corp (6594) Earnings: Prediction vs Reality – Updates on Operating Income, Net Sales and Dividends

By | Earnings Alerts

• Nidec still sees its FY operating income at 230.00 billion yen, falling short of the estimated 245.15 billion yen.

• The company is still predicting a net income of 165.00 billion yen, lower than the earlier estimation of 184.2 billion yen.

• Nidec is still expecting net sales to reach 2.40 trillion yen, which is lower than the estimate of 2.52 trillion yen.

• Despite the lower estimates, the company is still hoping to give a dividend of 80.00 yen, 4 yen less than the estimated 84.00 yen.

• In terms of first half forecast, Nidec anticipates an operating income of 100.00 billion yen.

• The company also expects a net income of 74.00 billion yen for the first half of FY.

• Nidec predicts net sales of 1.14 trillion yen for the initial half of FY.

• The company is rated with 15 buys, 5 holds, and 1 sell.

• These forecasts are compared to past results based on values from the company’s original disclosures.


Nidec Corp on Smartkarma

Analyst coverage of Nidec Corp on Smartkarma by Mark Chadwick has provided a range of insights on the company’s performance. In a report titled “More EV Losses,” Nidec showed growth in all segments except for significant losses in its EV business, making the stock seem attractively priced for future growth. Another report, “Liquid Cooling Overheats Stock,” highlighted Nidec’s stock surge after announcing CDU production expansion plans in Thailand, despite concerns over market impact. Additionally, the analysis in “Forget the EV Slump” discussed Nidec’s challenges in the global EV market but presented potential catalysts and strong positioning for investment.

In the latest report, “A Mixed Quarter,” Nidec’s net sales increased YoY, operating profit rose significantly, but there was a slight QoQ decrease and a revision in full-year profit guidance. Despite the mixed results, the long-term structural electrification thesis continues to support a bullish outlook on Nidec’s prospects, making it an intriguing investment opportunity in the evolving landscape of electrification, automation, and energy efficiency.


A look at Nidec Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience3
Momentum5
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, Nidec Corp seems to have a promising long-term outlook. The company receives a high score of 5 for Momentum, indicating strong positive market sentiment and an uptrend in performance. This suggests that Nidec Corp is on a good trajectory for growth and investment opportunities.

In addition, Nidec Corp shows decent scores in the areas of Growth and Resilience with scores of 3, highlighting its potential for expansion and ability to weather economic fluctuations. While the Value and Dividend scores are on the lower side with a score of 2 each, the overall outlook for Nidec Corp appears favorable, especially considering its diverse product offerings and active involvement in M&A activities.


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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CTBC Financial Holding (2891) Surpasses Earnings Expectations with Impressive 1Q Net Income

By | Earnings Alerts
  • CTBC Financial’s net income for the 1Q exceeded estimates, totalling NT$20.92 billion compared to the original estimate of NT$17.32 billion.
  • The Earnings Per Share (EPS) at CTBC Financial also beat estimates. The actual EPS was NT$1.07 whereas it was estimated to be at NT$0.85.
  • The performance of CTBC Financial has been positively received by the market, with 13 buys, and 1 hold reported. No sells were recorded.

A look at CTBC Financial Holding Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE3.8

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

CTBC Financial Holding Company Ltd. is well-positioned for long-term success based on its Smartkarma Smart Scores. With a strong momentum score of 5, the company shows promising growth potential and positive market sentiment. This indicates a favorable outlook for CTBC Financial Holding‘s future performance.

Additionally, the company scores highly in value and growth, with scores of 4 for both factors. This suggests that CTBC Financial Holding is attractively priced relative to its intrinsic value and has the potential for sustainable growth over the long term. Combined with a resilience score of 3, indicating a moderate ability to weather economic uncertainties, CTBC Financial Holding‘s overall performance outlook appears positive.


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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Maybank (MAY) Earnings: 1Q Net Income Meets Estimates with 2.49 Billion Ringgit

By | Earnings Alerts
  • Maybank‘s 1Q net income meets the estimated figures.
  • The net income stands at 2.49 billion ringgit, closely matching the original estimate of 2.47 billion ringgit.
  • The revenue for Maybank in this period soared to a stunning 18.35 billion ringgit.
  • Maybank‘s performance garnered varied responses from analysts with 8 recommending a buy, 10 suggesting to hold, and 1 advising to sell.

A look at Maybank 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

Malayan Banking Berhad, operating as Maybank, is set for a promising long-term future according to Smartkarma Smart Scores. With a solid Dividend score of 5 and Momentum score of 4, Maybank is displaying strong performance in rewarding its investors and maintaining positive market momentum. While the Value and Growth scores stand at 3, indicating fair valuations and moderate growth prospects respectively, Maybank demonstrates resiliency with a score of 2, showcasing its ability to withstand economic challenges. Overall, the combination of high Dividend and Momentum scores positions Maybank favorably for long-term success.

Malayan Banking Berhad, popularly known as Maybank, offers a range of financial services across South East Asia. From insurance to internet banking, the company caters to diverse financial needs including asset management, stock broking, venture capital, and leasing services. With Smartkarma Smart Scores reflecting a promising outlook for Maybank, particularly in terms of dividends and market momentum, the company’s strong presence in the region and comprehensive financial offerings bode well for its sustained growth and resilience 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.
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Analysis of KOC Holding AS (KCHOL) Earnings: 1Q Net Income Drops by 87% y/y Despite Sales Boost

By | Earnings Alerts
  • Koc Holding’s net income for the first quarter of 2024 was 1.35 billion Liras, representing a significant drop of 87% compared to the same period the previous year.
  • The sales, however, showed an increase. They were up by 3.8% year-on-year, reaching a total of 311.8 billion Liras.
  • From the investor side, the confidence seems to be on the rise for Koc Holding. There were twelve ‘buy’ directives, as opposed to just one ‘hold’, with no ‘sell’ instructions.

A look at KOC Holding AS Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE4.4

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, KOC Holding A.S. is well-positioned for long-term success. With top scores in Value, Dividend, and Momentum, the company shows strength in its financial performance, dividend payouts, and market momentum. Additionally, a strong Growth score indicates potential for future development and expansion. While the Resilience score is slightly lower, KOC Holding A.S. maintains a diverse portfolio across various industries, which could help mitigate risks and challenges.

As a holding company with interests in a wide range of sectors including automobiles, household appliances, consumer electronics, and financial services, KOC Holding A.S. demonstrates a robust and diversified business model. The high scores in Value, Dividend, and Momentum suggest a solid foundation for sustained growth and performance in the long run. Investors may find KOC Holding A.S. an attractive opportunity based on its strong Smartkarma Smart Scores and diverse business interests.


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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Ross Stores Inc (ROST) Earnings Surpass Expectations: 1Q EPS Exceeds Estimates Amid Macroeconomic Challenges

By | Earnings Alerts
  • Ross Stores’ 1Q earnings per share (EPS) beat estimates, coming in at $1.46 versus last year’s $1.09, and beating the estimate of $1.35.
  • The sales for the quarter reached $4.86 billion, which is an 8.1% increase from last year. The estimated sales were $4.82 billion.
  • The total location count for Ross Stores is now 2,127, which is a 0.9% increase from the last quarter and higher than the estimated 2,125 locations.
  • The merchandise inventories for Ross Stores are now valued at $2.46 billion, which is a 9.8% increase from last year, meeting the estimated value.
  • For the second quarter, earnings per share are predicted to be between $1.43 to $1.49, which is an increase from the previous year’s EPS of $1.32.
  • Ross Stores CEO Barbara Rentler stated that despite macroeconomic pressures affecting customer spending, the first quarter sales met expectations.
  • The earnings results for the quarter were better than expected, primarily because of lower expenses than planned.
  • The improvement in earnings was primarily due to lower distribution, incentive, and freight costs, offset by a planned decline in merchandise margin.
  • Rentler added that based on 1Q results and forward guidance, the comparable store sales for 52 weeks ending February 1, 2025, are expected to increase by 2% to 3%.
  • The EPS for the 2024 fiscal year is now projected to be between $5.79 to $5.98, up from $5.56 from the 53 weeks ended on February 3, 2024.
  • Current analyst ratings for Ross Stores are 17 buys, 4 holds, and 1 sell.

Ross Stores Inc on Smartkarma

Analysts on Smartkarma, such as Baptista Research, are bullish on Ross Stores Inc after the company delivered strong fourth-quarter and full-year 2023 results, surpassing management’s expectations. Baptista Research highlights key drivers for Ross Stores’ success, including strategic category expansion and improved customer attraction. Earnings per share for Q4 rose to $1.82, up from $1.31 the previous year, with net income reaching $610 million compared to $447 million. For the full fiscal year 2023, earnings per share were $5.56, up from $4.38.

In a separate report, Baptista Research emphasizes Ross Stores Inc.’s focus on value-driven changes across categories as a major driver of success. The company exceeded analyst expectations with a revenue and earnings increase of 11.2% compared to the previous year. Ross Stores reported $14.4 billion in sales for the year-to-date period, showing a 4% rise in comparable store sales. The company is strategically expanding, on track to end the year with 1,764 Ross stores and 345 dd’s DISCOUNTS, marking a net increase of 94 stores.


A look at Ross Stores Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
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

Based on the Smartkarma Smart Scores for Ross Stores Inc, the company holds a favorable long-term outlook. With a Growth score of 5, indicating strong potential for expansion and improvement, Ross Stores Inc seems well-positioned for future success. Moreover, the Resilience and Momentum scores of 3 each suggest that the company has the ability to adapt to market challenges and maintain positive performance trends.

Despite having lower scores in Value and Dividend categories, the overall outlook for Ross Stores Inc appears optimistic, primarily driven by its exceptional Growth score. As a company that operates off-price retail stores offering a wide range of discounted name brand and designer products, Ross Stores Inc is likely to continue attracting customers seeking quality merchandise at affordable prices, contributing to its growth and resilience in the competitive retail 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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Intuit Inc (INTU) Earnings: FY Adjusted EPS Forecast Surpasses Estimates, Reveals Stellar Q3 Results and Q4 Expectations

By | Earnings Alerts
  • Intuit’s adjusted EPS (Earnings Per Share) forecast surpasses the estimated figure, projecting at $16.79 to $16.84 against the estimated $16.42.
  • Revenues are expected to stand between $16.16 billion and $16.20 billion, upgrading from the previously anticipated figures of $15.89 billion to $16.11 billion.
  • Revenue from the Small Business and Self-Employed Group is anticipated to increase by approximately 18%.
  • An increment at the higher end of 7%-8% is expected in the Consumer Group revenue.
  • ProConnect Group revenue is estimated to rise between 6% and 7%.
  • The adjusted EPS for the fourth quarter is expected to fall between $1.80 and $1.85, falling slightly short of the estimated $1.93.
  • Fourth quarter revenues are set to grow in the range of 13% to 14%.
  • The third quarter showed promising results with an adjusted EPS of $9.88 against $8.92 in the same period last year, beating the estimate of $9.38.
  • The third quarter net revenue reported at $6.74 billion, a growth of 12% year on year, exceeding the estimated $6.64 billion.
  • Small Business and Self-Employed Group revenue, Credit Karma revenue, and Consumer Group revenue also posted gains in the third quarter.
  • R&D expenses came in at $671 million, with a 11% year on year increase yet below the estimated $713.2 million.
  • Service revenue hit the $6.05 billion mark with product and other revenue bringing in $689 million.
  • All growth rates are in comparison to the same period from the previous year unless otherwise mentioned.
  • Intuit is expected to release a TurboTax federal tax unit comparison in the fourth quarter of its 2024 earnings.

Intuit Inc on Smartkarma

Analyst coverage of Intuit Inc on Smartkarma showcases positive sentiments from Baptista Research analysts. In their report titled “Intuit Inc.: How Significant Are Their Advancements In Artificial Intelligence Capabilities? – Financial Forecasts,” Intuit’s strong performance in the second quarter of fiscal year 2024 is highlighted. The company’s focus on becoming an AI-driven expert platform is evident with an 11% revenue growth and a promising outlook to meet the full fiscal year guidance of 11% to 12% revenue growth. Moreover, expectations of 7% to 8% revenue growth for TurboTax in the Consumer Group for the full fiscal year add to the optimistic sentiment.

In another report by Baptista Research, “Intuit Inc.: Revolutionizing Business Payments With Quickbooks Bill Pay! – Major Drivers,” Intuit Inc‘s impressive performance is reiterated with a 15% growth in total revenue. The Small Business and Self-Employed Group saw an 18% revenue surge, while the Consumer Group experienced a remarkable 25% growth. Despite a 5% decline in Credit Karma revenue aligning with Q1 expectations due to macroeconomic conditions, the overall outlook remains positive for Intuit Inc as per the analysts’ assessment on Smartkarma.


A look at Intuit Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.0

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

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Intuit Inc., a leading developer of business and financial management software, shows a promising long-term outlook based on its Smartkarma Smart Scores. With a strong rating of 4 for Growth and Momentum, Intuit Inc. is positioned for significant future expansion and market traction. The company’s emphasis on innovation and forward-thinking strategies contributes to its high scores in these key areas.

While Intuit Inc. scores moderately in Value and Dividend at 2, its resilience score of 3 indicates a stable and adaptable business model. This balance between growth potential and stability suggests that Intuit Inc. is well-positioned to navigate market fluctuations and capitalize on emerging opportunities in the tech sector. Overall, the Smartkarma Smart Scores favor a bullish outlook for Intuit Inc.’s continued success and market growth.

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