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Smartkarma Newswire

ITC Ltd (ITC) Earnings: 4Q Net Income Misses Estimates Despite Revenue Boosts in Core Sectors

By | Earnings Alerts
  • ITC Ltd reported a 4th-quarter net income of 50.2 billion rupees, marking a 1.4% decrease year-over-year (y/y) and falling short of the estimated 51.5 billion rupees.
  • Revenue stood at 177.5 billion rupees, up by 1.4% y/y and surpassing the forecasted 171.91 billion rupees.
  • Cigarettes revenue was 79.2 billion rupees, up by 7.6% y/y, beating the estimated 77.38 billion rupees.
  • Fast-Moving Consumer Goods (FMCG) revenue, excluding cigarettes, amounted to 53 billion rupees, up by 7.3% y/y, slightly below the estimated 53.45 billion rupees.
  • Hotel revenue was 8.98 billion rupees, marking a significant 15% y/y rise and slightly exceeding the estimate of 8.92 billion rupees.
  • Agriculture business revenue stood at 31 billion rupees, down by 13% y/y and falling below the estimated 36.08 billion rupees.
  • Paper business revenue was 20.7 billion rupees, down by 6.8% y/y and below the estimated 21.29 billion rupees.
  • Total costs were 120.2 billion rupees, a 2.5% increase y/y.
  • Raw material costs were significantly lower than estimated: 53.9 billion rupees versus the estimated 75.43 billion rupees.
  • Other income totaled 7.99 billion rupees, a 7.1% y/y increase.
  • Dividend per share was set at 7.50 rupees.
  • Regarding the company’s investment ratings, there were 35 buys, 2 holds, and 1 sell.

ITC Ltd on Smartkarma

Analysts on Smartkarma, an independent investment research network, have been closely monitoring ITC Ltd. According to Sumeet Singh‘s bullish insights, a recent $2 billion block placement for ITC Ltd was relatively quiet after a flurry of placements in the prior week. The deal, well-flagged and large, involved BAT selling 3.5% of ITC. Singh’s analysis delves into the dynamics of the deal and its potential impact.

However, not all analysts share the same optimism. Another report by Brian Freitas, leaning bearish, discusses the impact of British American Tobacco’s potential stake sale in ITC. BAT aims to monetize part of its 29% stake while keeping at least 25%. The uncertainty surrounding the timeline and the minimal buying from passive trackers could lead to increased stock pressure. This contrasting sentiment presents investors with a range of perspectives to consider regarding the future of ITC Ltd.


A look at ITC Ltd Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth3
Resilience5
Momentum3
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

ITC Ltd, a prominent member of the BAT Group of UK, covers a wide range of industries including Cigarettes, Hotels, Paperboards & Specialty Papers, Packaging, Agri Business, Packaged Foods & Confectionery, Branded Apparel, Greeting Cards, and other FMCG products. With a strong standing in the market, ITC Ltd displays a solid outlook for the future, scoring high in key areas. Notably, the company excels in Dividend and Resilience, demonstrating its commitment to providing returns to shareholders and its ability to withstand market challenges.

Furthermore, ITC Ltd shows encouraging signs in its overall performance, with a positive outlook reflected in its scores for Growth and Momentum. While there might be room for improvement in terms of Value, the company’s significant strengths in other crucial aspects bode well for its long-term prospects. As highlighted by the Smartkarma Smart Scores, ITC Ltd appears well-positioned to continue its success and maintain a resilient stance in the market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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NetEase Inc (NTES) Earnings Report: 1Q Revenue Meets Estimates Across Diverse Sectors

By | Earnings Alerts
  • Netease reported a 1Q revenue of 26.85 billion yuan, meeting estimated values.
  • Games and related services generated a revenue of 21.46 billion yuan, slightly below the predicted 21.56 billion yuan.
  • The profit from games and related services was 14.91 billion yuan, slightly above the estimated 14.8 billion yuan.
  • Netease’s Innovative Businesses and Others had a net revenue of 1.97 billion yuan, close to the estimated figure of 2 billion yuan.
  • Youdao’s net revenue was a bit higher than estimated, coming in at 1.39 billion yuan against the estimated 1.33 billion yuan.
  • Netease’s Cloud Music service generated a revenue of 2.03 billion yuan, slightly above the estimated value of 2 billion yuan.
  • Gross profit for the quarter hit 17.02 billion yuan, outshining the estimated 16.59 billion yuan.
  • Games and related services had a gross profit margin of 69.5%, slightly higher than the estimated 68.9%.
  • Youdao’s gross profit margin came in at 49%, just below the estimated 49.4%.
  • Cloud Music significantly exceeded estimated gross profit margin, reaching 38% against an estimated 26.6%.
  • Innovative Businesses & Others also exceeded estimated gross profit margin, achieving 33.4% against an estimated 24.6%.
  • However, Netease’s shares fell by 2% in pre-market trading
  • Out of 37 opinions, 36 advise to buy while one suggests to hold and none to sell.

NetEase Inc on Smartkarma

On Smartkarma, independent analyst Ying Pan has recently provided bullish coverage on NetEase Inc. According to reports titled “Strong Games Pipelines Offering More Potentials” and “Strong In-House Game Performance Drives Margins,” Ying Pan highlights the positive outlook for NetEase. In the first report, NetEase’s mixed Q4 results are noted, with a particular focus on the accelerated launch of Naraka Mobile, leading to a raised price target of US$122. The second report emphasizes NetEase’s strong revenue growth in C4Q23, driven by games like Justice Mobile and a strategic focus on low-price legacy titles, resulting in an increased target price of US$118.


A look at NetEase Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth5
Resilience5
Momentum5
OVERALL SMART SCORE4.2

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

NetEase Inc, a prominent Internet technology company in China, has received impressive Smartkarma Smart Scores across various categories. With a stellar rating in Growth, Resilience, and Momentum, the company seems poised for long-term success. Its strong focus on innovation and adapting to market dynamics bodes well for future expansion and profitability.

NetEase Inc‘s solid Dividend score further enhances its attractiveness to investors seeking stable returns. While the Value score may not be the highest, the overall outlook for the company appears promising. With a diverse portfolio of services including online gaming, advertising, and e-commerce, NetEase Inc demonstrates versatility and a strong competitive edge in the digital 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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Aviva’s 1Q Earnings: Solvency II Matches Estimates and Own Funds Generation Promise

By | Earnings Alerts
  • Aviva’s Solvency II in the first quarter (1Q) matches estimates at 206% (year-on-year up from 196%).
  • The company remains confident in meeting the Group targets which include Β£2 billion of operational profit by 2026.
  • Furthermore, Aviva plans to generate Β£1.8 billion Solvency II own funds by 2026.
  • The business also projects more than Β£5.8 billion cash remittances cumulative from 2024 to 2026.
  • Numbers for 1Q are promising, with General Insurance premiums showing a 16% increase up to Β£2.7 billion.
  • Wealth net flows have also increased by 15%, matching the General Insurance premiums at Β£2.7 billion.
  • Analysts’ ratings on Aviva are favorable: there are 12 buys, 5 holds, and 2 sells.

A look at Aviva Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth5
Resilience5
Momentum4
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

Aviva PLC, an international insurance company offering a wide range of general and life assurance services, has been assigned a set of Smart Scores indicating its overall outlook. With strong ratings in Dividend, Growth, Resilience, and Momentum, Aviva is positioned well for long-term success. The company excels in providing consistent dividends to its shareholders and shows promising growth potential, supported by its resilient business model and positive momentum in the market.

Overall, Aviva’s solid performance across key factors like Dividend, Growth, Resilience, and Momentum underscores its strength and stability in the insurance industry. Investors looking for a reliable and growing company may find Aviva an attractive long-term investment option based on the Smartkarma Smart Scores assessment.


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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Sociedad Quimica y Minera de C (SQM/B) Earnings Fall Short as 1Q Revenue Misses Estimates

By | Earnings Alerts
  • SQM reported a revenue of $1.08 billion in the first quarter, which is 52% less than last year and also missing the estimate of $1.14 billion.
  • The company reported a net loss of $869.5 million against a profit of $749.9 million last year, which is significantly higher than the estimated loss of $337 million.
  • The revenue from Specialty Plant Nutrition was $207.8 million, a decrease of 5.9% from last year, but it was above the estimate of $199.8 million.
  • Lithium and Derivatives revenues showed a decrease of 67% from last year, amounting to $547.4 million, failing to meet the estimation of $571.5 million.
  • Iodine and Derivatives revenues were $240.1 million, slightly up by 0.2% from last year, and was higher than the estimate of $212.3 million.
  • Potassium Chloride & Potassium Sulfate revenues decreased by 27% from last year, but managed to slightly beat the estimate of $60.1 million with a revenue of $63.6 million.
  • Industrial Chemicals revenues decreased significantly by 67%, netting only $21.8 million, which is substantially less than the estimated $47.6 million.
  • The adjusted EBITDA was $403.6 million, a significant decrease of 63% from last year.
  • For the year, SQM forecasts a capital expenditure of $1.3 billion.
  • The company reiterated its production forecast of around 210,000 metric tons of lithium carbonate equivalent in their facilities in Chile and China.
  • SQM expresses optimism in the Lithium market; believing that there can be a demand growth of 20% in 2024.
  • The company stock discerned 5 buys, 2 holds, and 0 sells.

A look at Sociedad Quimica y Minera de C Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth5
Resilience4
Momentum2
OVERALL SMART SCORE3.4

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

Analysts at Smartkarma have assessed Sociedad Quimica y Minera de C‘s long-term outlook using Smart Scores, a rating system ranging from 1 to 5. With a strong score of 5 for Growth and 4 for Resilience and Dividend, the company is projected to have promising future prospects. This indicates that Sociedad Quimica y Minera de C is well-positioned to experience continued expansion and financial stability, making it an attractive option for investors seeking growth and consistent returns.

Sociedad Quimica y Minera de Chile SA, known for its production of specialty fertilizers and industrial chemicals, has a global reach, marketing its products in over 100 countries. With its robust scores in growth, resilience, and dividend, the company showcases a solid foundation for sustained success in the ever-evolving market landscape, reinforcing investor confidence in its long-term potential.


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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Lenovo (992) Earnings: FY Revenue Surpasses Estimates with a Final Dividend Per Share of 30.0 HK Cents

By | Earnings Alerts
  • Lenovo‘s Fiscal Year (FY) revenue outperforms expected projections.
  • Actual revenue amounts to $56.86 billion, surpassing the estimate of $56.21 billion.
  • The final dividend per share stands at 30.0 Hong Kong cents.
  • There are more positive sentiments towards Lenovo’s shares: 30 buys, 2 holds, and no sells.

Lenovo on Smartkarma

Analyst coverage of Lenovo on Smartkarma reveals valuable insights from top independent analysts. Tech Supply Chain Tracker‘s recent report on China’s smartphone market growth in 1Q 2024 highlights key trends such as LG competing with Samsung in OLED panels and Micron supplying memory to Lenovo. Concerns about AI investments by tech giants and potential impact on data privacy are also raised.

In another analysis by Leonard Law, CFA, a bullish sentiment is expressed towards Lenovo in the Morning Views Asia report. Lucror Analytics provides fundamental credit analysis and trade recommendations, emphasizing key company-specific developments impacting high yield issuers in the region. This comprehensive coverage offers investors a detailed perspective on Lenovo‘s market position and potential opportunities for growth.


A look at Lenovo Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.0

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

Lenovo Group Limited, a leading tech company renowned for its personal computers and handheld devices, has received varying scores across different aspects of its performance. With a Value score of 2, the company may be perceived as fairly valued in the market. This suggests that investors may not necessarily see Lenovo as undervalued or overvalued based on its current metrics. In terms of Dividend, Lenovo has earned a score of 3, indicating a moderate outlook for its dividend-related policies. Investors looking for income generation through dividends might find Lenovo‘s approach satisfactory.

Looking ahead, Lenovo‘s Growth score of 4 suggests a positive outlook for the company’s expansion and revenue increases. This indicates a potentially promising future for Lenovo in terms of capturing new markets or growing its existing customer base. With Resilience and Momentum scores both at 3, Lenovo seems to have a stable and consistent business performance, with moderate momentum in the market. Overall, Lenovo‘s outlook appears promising, especially in terms of growth prospects and market resilience, making it a stock worth keeping an eye on for long-term investment considerations.


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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Synopsys Inc (SNPS) Earnings: Strong Execution Leads to Raised Full Year Targets and Anticipated 3Q Revenue of $1.51B -$1.54B

By | Earnings Alerts
  • Synopsys re-evaluates its 3Q revenue forecast to be between $1.51 billion and $1.54 billion.
  • The company anticipates an adjusted EPS ranging from $3.25 to $3.30, which surpasses the previous estimate of $3.20.
  • Synopsys’ revenue forecast for the year is modified to be within the spectrum of $6.09 billion and $6.15 billion, previously it was predicted to lie between $6.06 billion and $6.12 billion.
  • The adjusted annual EPS is projected to be between $12.90 and $12.98, previously it was predicted to be within the scope of $12.86 and $12.94.
  • In Q2, the adjusted EPS stood at $3.00, marking an increase from the $2.54 y/y.
  • The Q2 revenue amounted to $1.45 billion, indicating a 4.3% y/y augmentation.
  • Design Automation revenue soared to $1.05 billion in Q2.
  • Conversely, Design IP revenue slightly failed to meet expectations; it was $399.8 million against the estimated $426.5 million.
  • Adjusted operating income reflected a positive performance with $543.0 million, indicating a 17% y/y increase.
  • Synopsys reported an adjusted net income of $466.9 million for Q2.
  • The cash and cash equivalents balance for the time amounted to $1.50 billion.
  • Based on strong execution and sustained business momentum, full-year targets for both revenue and non-GAAP EPS have been raised.
  • Synopsys plans to make an acquisition of Ansys to empower technology innovators with essential silicon to systems design solutions. This proposed acquisition is approved by Ansys shareholders.
  • Synopsys earned 17 buys, 1 hold, and 0 sells.

Synopsys Inc on Smartkarma

Analysts on Smartkarma have been closely monitoring Synopsys Inc. and providing valuable insights for investors. Value Investors Club recommended Synopsys as a good long-term investment, suggesting that the divestment of the Software Integrity business could enhance overall profitability. With the EDA and IP divisions performing well and boasting adjusted operating margins of over 30%, the company appears to be on a solid growth trajectory.

Baptista Research also shared positive sentiments about Synopsys, highlighting its strong financial performance. In their reports, Synopsys was praised for its robust revenue growth, reaching $1.65 billion in the first quarter of fiscal year 2024. Moreover, non-GAAP operating margins increased to 38.7%, and non-GAAP EPS showed a significant year-over-year rise of 36%. The company’s ability to deliver consistent growth and innovative features like the GenAI platform has positioned it well for future success.


A look at Synopsys Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.0

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

Based on the Smartkarma Smart Scores, Synopsys Inc shows a promising long-term outlook. With high scores in Growth, Resilience, and Momentum, the company appears well-positioned for future success. Synopsys is known for providing electronic design automation solutions to the global electronics market. Their focus on advanced integrated circuits and systems on a chip aligns with industry trends, contributing to their strong Growth score. Additionally, their Resilience and Momentum scores indicate a stable and potentially thriving business environment.

Despite lower scores in Value and Dividend factors, Synopsys’s core business model and market positioning suggest that the company’s growth prospects outweigh these concerns. Investors looking for a technology company with a solid track record and potential for long-term success may find Synopsys Inc an appealing investment opportunity based on its overall Smartkarma Smart Scores.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Allegro.eu (ALE) Earnings Report: 1Q Adjusted EBITDA Exceeds Expectations, +33% YoY, Fuelling Stellar Growth

By | Earnings Alerts

• Allegro’s 1Q Adjusted Ebitda is 706.2 million zloty, a 33% year-on-year increase.

• The company’s gross merchandise value for 1Q amounted to 14.31 billion zloty, marking an 8.9% increase from the previous year.

• The revenue for the same period is at 2.48 billion zloty, which signifies a 6.6% increase year on year.

• Net income reported at 241.8 million zloty, a significant 54% increase from last year.

• The ebitda stands at 671.3 million zloty, marking a 33% increase year on year. The company’s take rate is 12.1%, compared to 11% the previous year.

• For the second quarter, Allegro forecasts the adjusted Ebitda to increase by 22% to 27%, and the revenue to increase by 11% to 14%. The Gross merchandise value is expected to increase by 9% to 10%.

• Capital expenditure is projected to be between 165 million zloty and 185 million zloty for 2Q.

• Allegro’s Polish operations showed GMV growth in the mid to high teens for April. The Q2 trading to date is showing a relative stabilisation in growth.

• For international operations, Allegro’s marketplaces continue to add active buyers and repeat purchases, with the growth rate up by more than 30% for the first half of Q2 compared to Q1. The combined growth of these operations has turned positive to low double digits YoY.

• Consolidated GMV growth in April and the first weeks of May is running in the low double digit % range.

• Analysts’ recommendations for Allegro stand at 15 buys, 6 holds, and 0 sells.


A look at Allegro.eu Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth2
Resilience3
Momentum5
OVERALL SMART SCORE2.6

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

Allegro.eu, a leading shopping e-commerce platform serving customers in Europe, has received a mix of Smart Scores indicating its long-term outlook. While the company shows strong momentum with a score of 5, suggesting positive market sentiment and performance, it lags behind in terms of dividend, with a score of 1. This indicates a lower dividend yield compared to its peers. In terms of value and growth, Allegro.eu scores 2, reflecting moderate performance in these areas. However, the company demonstrates resilience with a score of 3, showcasing its ability to withstand economic challenges.

In summary, Allegro.eu is positioned well in terms of market momentum, suggesting a positive outlook for the company in the long run. Its resilience factor also indicates a certain level of stability amidst uncertainties. However, areas such as dividend and growth may require further focus to enhance the overall performance and attractiveness for investors.


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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Singtel (ST) Earnings: FY Operating Revenue Misses Expectations with Net Income Reaching S$795.0 Million

By | Earnings Alerts
  • Singtel‘s Financial Year Operating Revenue Misses Estimates
  • Operating revenue stood at S$14.13 billion, missing the estimate of S$14.45 billion
  • Net income was S$795.0 million, below the estimate of S$2.39 billion
  • Underlying profit was posted at S$2.26 billion
  • Operating expenses reached S$10.75 billion, slightly above the estimated S$10.72 billion
  • Final dividend per share was S$0.098
  • Free cash flow stood at S$2.57 billion
  • Analysts’ ratings composed of 17 buys, 1 hold, 0 sells

Singtel on Smartkarma

Analysts on Smartkarma, like David Blennerhassett, are closely following Singtel and providing valuable insights. In a recent report titled “Last Week in Event SPACE,” Blennerhassett mentions that Singtel (ST SP) is reportedly negotiating a sale of Optus, Australia’s second-largest telco. Despite the rumors, both Singtel and Optus deny any impending deal. This news raises questions about the future strategy of Singtel and its potential impact on the market.

Furthermore, in another report titled “Optus Sale Would Be A BIG Payday For SingTel,” Blennerhassett highlights Singtel as a deep value play, emphasizing the potential benefits of a sale of Optus to correct the negative market sentiment. The market is closely monitoring the situation, especially considering the speculated sale to Brookfield for A$16bn-A$18bn. Singtel‘s commitment to Optus and its strategic importance within the Singtel Group adds complexity to the discussions surrounding a possible sale and its implications on Singtel‘s financial outlook.


A look at Singtel Smart Scores

FactorScoreMagnitude
Value3
Dividend4
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, Singtel‘s outlook appears positive in the long term. With strong scores in growth and dividends, the company is positioned well for future expansion and income generation. Singtel‘s momentum score also indicates a promising trajectory going forward, supported by its diverse range of services that cater to a global customer base. Additionally, the company demonstrates resilience in the face of challenges, showcasing its ability to weather uncertainties in the market.

Singtel, known for its wireless telecommunication services, offers a wide range of solutions including fixed, mobile, data, internet, TV, and digital services. With favorable ratings in important factors like growth and dividends, Singtel is primed to continue its success in the industry while providing value to its investors. The company’s robust momentum and resilience further highlight its potential for sustained performance in the ever-evolving telecommunications 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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Synopsys Inc.’s Potential Earnings Forecast Drop: Q2 Shows Resilience Despite Lowered FY Revenue Projections

By | Earnings Alerts

• Synopsys has decreased its fiscal year (FY) revenue forecast to approximately $6.09-6.15 billion from its previous forecast of $6.57-6.63 billion.

• The company’s new adjusted EPS (Earnings Per Share) forecast stands at $12.90-12.98, which is lower than its previous forecasts of $13.47-13.55.

• Synopsys’ third quarter revenue forecast remains in the range of $1.51-1.54 billion.

• Its forecast for third quarter adjusted EPS has been placed between $3.25-$3.30.

• For the second quarter, the company achieved an adjusted EPS of $3.00, showing growth from last year’s $2.54.

• The revenue in the second quarter reached $1.45 billion, a 4.3% year-to-year increase.

• Revenue from Design Automation was above estimates at $1.05 billion.

• Design IP revenue, however, was slightly below estimates, at $399.8 million.

• The company posted an adjusted operating income of $543.0 millionβ€”an uplift of 17% from the previous year.

• Synopsys’ adjusted net income hit $466.9 million, standing slightly above estimates.

• The company presently holds cash and cash equivalents worth $1.50 billion.

• Despite cutting FY forecasts, Synopsys remains confident and has raised its full-year targets for revenue and non-GAAP EPS.

• Synopsys’ CFO, Shelagh Glaser, accredits the strong Q2 results to the team’s unwavering focus on execution, top-notch technology, and a resilient business model.

• Currently, the company has 17 buy ratings, 1 hold rating, and no sell ratings.


Synopsys Inc on Smartkarma

Analysts on Smartkarma have been providing positive coverage of Synopsys Inc (SNPS). Value Investors Club recommends SNPS as a good long-term holding, mentioning the potential divestment of the Software Integrity business to enhance overall profitability. In a report published three months ago, they highlight the strong performance of SNPS’s EDA and IP divisions with impressive adjusted operating margins exceeding 30%.

Similarly, Baptista Research‘s reports focus on SNPS’s growth and achievements. They discuss the substantial revenue increase in the first quarter of fiscal year 2024, reaching $1.65 billion, a 21% year-over-year rise, with a corresponding non-GAAP operating margin up to 38.7%. Another report praises SNPS’s stellar year, showcasing significant revenue growth to $5.84 billion, a backlog expansion, and the Software Integrity segment’s notable success.


A look at Synopsys Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience4
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

With a strong Growth, Resilience, and Momentum Smart Scores, Synopsys Inc seems to be positioned for long-term success in the electronic design automation market. The company’s focus on innovation and ability to adapt to changing market conditions bodes well for future growth. While its Dividend score is lower, indicating a lower emphasis on dividend payouts, the overall outlook remains positive due to its solid performance across other key factors.

Synopsys Inc, a leading provider of electronic design automation solutions, continues to impress with high scores in Growth, Resilience, and Momentum. These scores highlight the company’s robustness, growth potential, and market momentum. Despite a lower score in Dividend, Synopsys’ innovative approach to design technologies and commitment to customer support position it well for sustained success in the competitive electronics 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

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Snowflake’s 1Q Earnings Outshine Estimations With Revenue Surge to $828.7 Million

By | Earnings Alerts
  • Snowflake’s 1Q Revenue totalled $828.7 million, indicating a year-on-year increase of 33%, which exceeded the estimated revenue of $786.3 million.
  • Their product revenue added up to $789.6 million, marking a 34% increase from the previous year, and surpassing the estimated figure of $749 million.
  • Professional services and other revenue were recorded at $39.1 million, a 17% year-on-year increase, higher than the estimate of $36.5 million.
  • The reported loss per share was 95c, which contrasts the loss per share of 70c in the previous year.
  • Snowflake’s adjusted gross margin stands at 74%, showing a slight increase from 73% in the previous year, and outdoing the estimated 73.3%.
  • The adjusted diluted EPS was 14c, compared to 15c from the previous year. However, it came up short of the estimated 19c.
  • The company holds a mixed stock rating, with 32 buys, 12 holds and 2 sells.

Snowflake on Smartkarma

Independent analysts on Smartkarma, specifically Baptista Research, are bullish on Snowflake Inc.’s future prospects. In their research report titled “Snowflake Inc: Can Its Rapid Development & Adoption Of AI Products Grow Its Market Share? – Major Drivers,” Baptista Research highlights Snowflake’s strong annual performance for fiscal 2024. The company reported a 38% YoY product revenue growth, reaching $2.67 billion, indicating a robust growth trajectory. Additionally, Snowflake’s expansion of non-GAAP product gross margins to 77.8% and non-GAAP adjusted free cash flow of $810 million demonstrate the company’s strong fiscal health. With exceptional bookings in Q4 and 14 new Global 2000 customers, analysts see strong customer adoption and trust in Snowflake’s offerings.

In another report by Baptista Research titled “Snowflake Inc.: Will The Acquisition Of Ponder Become A Game Changer? – Major Drivers,” analysts acknowledge Snowflake Inc.’s ability to surpass analyst expectations in revenue and earnings. In Q3, the company achieved an impressive 34% year-over-year growth in product revenue, reaching $698 million. Snowflake’s unveiling of innovative technologies, including Snowflake Cortex for AI and machine learning applications on its platform, further reinforces analysts’ positive sentiment towards the company’s future performance. Baptista Research‘s bullish outlook on Snowflake indicates confidence in the company’s strategic initiatives and growth potential in the data analytics market.


A look at Snowflake Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth3
Resilience5
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, Snowflake shows a promising long-term outlook. With a strong Resilience score of 5, the company is well-positioned to withstand challenges and market volatility. Its Growth factor, scoring a 3, suggests Snowflake has potential for expansion and development in the future. Momentum, also rated at 3, indicates a positive trend in performance. However, the Value score is lower at 2, reflecting some considerations regarding the company’s valuation. Snowflake Inc. specializes in software solutions, including database architecture and data warehouses, catering to a global clientele.


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

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