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Smartkarma Newswire

SBSP3 Earnings Review: Cia Saneamento Basico De Sp 1Q Net Income Fails to Meet Estimates

By | Earnings Alerts
  • Net income of Sabesp in the first quarter of 2024 was R$823.3 million, showing a 10% increase year over year (y/y).
  • The estimated net income had been R$964 million, thus the actual figures missed estimates.
  • Net operating revenue stood at R$6.55 billion, marking a 15% growth y/y.
  • Estimations for net operating revenue had been R$5.91 billion, so they exceeded estimates.
  • Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Ebitda) came in at R$2.43 billion which is an increase of 19% y/y.
  • The estimated Adjustment Ebitda was R$2.64 billion, so the figures reported were less than the estimated.
  • The Adjusted Ebitda margin is now at 37% which is up from 35.7% y/y.
  • The analysis of shares comprise of 13 buys, 3 holds and 0 sells.

A look at Cia Saneamento Basico De Sp Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
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

Analysts at Smartkarma have given Cia Saneamento Basico De Sp a promising long-term outlook based on their Smart Scores. With a Growth score of 5 and Momentum score of 5, the company is positioned for strong future expansion and performance in the market. Additionally, with a Value score of 3, the company is deemed to have a solid financial standing despite not being the highest in value. These factors indicate positive signals for potential investment in the company.

Cia Saneamento Basico De Sp, also known as Cia de Saneamento Basico do Estado de Sao Paulo (SABESP), is involved in water collection, treatment, and distribution. Its expertise also extends to the engineering and development of water distribution infrastructure and treatment systems. With a Resilience score of 3, the company is expected to withstand market fluctuations and challenges, providing stability for investors looking at the long-term prospects of 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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Localiza Rent A Car Sa (RENT3) Earnings: An In-Depth Analysis of 1Q Net Debt and Fleet Size

By | Earnings Alerts
  • The net debt of Localiza stands at R$30.12 billion as per Q1 analysis.
  • The fleet size of Localiza is reported to be 627,127 vehicles.
  • There have been 12 buys and 4 holds towards Localiza’s stocks, with no sell-off reports.
  • A call is scheduled for May 10, in Sao Paulo time, without specific time mentioned.

A look at Localiza Rent A Car Sa Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth3
Resilience2
Momentum2
OVERALL SMART SCORE2.0

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 Smartkarma Smart Scores, Localiza Rent A Car SA shows a mixed long-term outlook. With a Growth score of 3, the company seems to have potential for expansion and development. However, its Value, Resilience, and Momentum scores are average, indicating some areas of improvement to sustain and increase its overall performance. The Dividend score being the lowest at 1 suggests that the company may not be as appealing for income-seeking investors.

Localiza Rent A Car SA is a car rental company operating in Brazil and Latin America primarily through airport locations. In addition to renting out automobiles, the company also engages in the sale of used cars and offers fleet management services. While the Growth score hints at potential for growth, the overall Smart Scores point towards a need for enhancement in various aspects to drive long-term success and profitability for Localiza.


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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OCBC Earnings Surge: 1Q Net Income Hits S$1.98B, Exceeding Estimates

By | Earnings Alerts

OCBC 1Q net income had a positive increase, reaching S$1.98 billion from S$1.88 billion in previous year.
• Net interest income, too, shared this positive trend and reached S$2.44 billion, over the estimate of S$2.36 billion.
• Non-interest income saw a notable increase of 17% to reach S$1.19 billion, going above the estimate of S$910.3 million.
• Total income jumped to S$3.63 billion, exceeding the estimate by S$210 million.
• Wealth management fees saw a 20% increase, adding to overall income generation.
• Non-performing loans ratio added a positive note with a dip to 1% compared to 1.1% of the earlier year.
• Common equity tier 1 ratio improved slightly from 15.9% to 16.2%.
• The total capital adequacy ratio retained its previous level of 18.4%.
• Net interest margin showed a small decrease to 2.27% from 2.3% of the previous year.
• The company has allocated S$169 million for allowances for loans and other assets, which is an increase of 54% from the previous year.
• For 2024, it is planning for low single-digit loan growth.
• The company expects a Net Interest Margin (NIM) at the higher end of 2.20% to 2.25% in 2024.
• Credit costs for 2024 is likely to hover between 20 to 25 Bps.
• It has set a dividend payout target ratio of 50% for 2024.
• All strategic initiatives are on track for 2024 objectives.
• Company expects to complete PT Bank Commonwealth Indonesia integration by year end.
• It anticipates key markets in Asia to be resilient as recent economic indicators look favourable. However, near-term risks remain, such as geopolitical volatility.
• 12% of the group loans are deployed to the CRE office sector, and these are largely secured.
• Total credit costs are at an annualized 16bps.


OCBC on Smartkarma

Analyst coverage of OCBC on Smartkarma reveals insights from Daniel Tabbush, indicating a bearish sentiment towards the company. In the research report titled “OCBC – Market Capitalization Rising, Unlike Peers | Insurance Is Lackluster | Credit Costs Seem Low,” Tabbush highlights concerns about OCBC‘s net interest income slowing down significantly, potentially leading to negative surprises in credit costs. Despite OCBC‘s market capitalization increasing by around 4% year-to-date, Tabbush notes that this positive trend is not in line with its peers, such as DBS and UOB, which have experienced declines in market capitalization. The analysis suggests a challenging outlook for OCBC, with areas like insurance profitability and associate profits showing declines.


A look at OCBC Smart Scores

FactorScoreMagnitude
Value3
Dividend4
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

Analysts utilizing the Smartkarma Smart Scores have painted a positive long-term outlook for Oversea-Chinese Banking Corporation Limited (OCBC). With a strong score of 4 for both Dividend and Growth, OCBC is seen as a company that not only provides attractive returns to shareholders but also has potential for expansion and development in the future. Additionally, OCBC received a top score of 5 for Momentum, indicating a favorable trend in the company’s stock performance and overall market sentiment.

While OCBC‘s scores for Value and Resilience are slightly lower at 3, the overall picture remains optimistic. The company’s diverse range of financial services, which includes deposit-taking, lending, investment banking, private banking, and more, positions it well to navigate various market conditions and continue delivering value to its stakeholders in the long term.

Summary: Oversea-Chinese Banking Corporation Limited is a comprehensive financial institution offering a wide array of services, ranging from deposit-taking to asset management. With solid scores across dividend, growth, momentum, and resilience, OCBC appears well-positioned for sustained success in the foreseeable future.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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KT Corp (030200) Earnings: 1Q Operating Profit Surpasses Estimates, Showing Yearly Growth of 4.2%

By | Earnings Alerts
  • KT Corp‘s 1Q operating profit reached 506.50 billion won, a rise of 4.2% year-on-year.
  • The estimated operating profit was slightly lower at 501.92 billion won.
  • The net value stood at 375.50 billion won, a significant surge of 27% compared to the previous year.
  • The projected net figure was 361.09 billion won, indicating better-than-expected results.
  • KR Corp reported sales of 6.65 trillion won, increasing 3.3% on a yearly basis.
  • The anticipated sales figure was 6.59 trillion won, slightly less than the final report.
  • The company’s performance was well-received, receiving 24 buys, 1 hold, and no sells.
  • All comparisons to past results are based on values reported from company’s original disclosures.

KT Corp on Smartkarma

Analyst coverage on KT Corp by independent analysts on Smartkarma provides valuable insights into the company’s current situation. Sanghyun Park‘s bearish analysis titled KT’s Foreign Room Below 7.5%, Weight Down-Adjustment Expected in May, Resulting in 3x ADTV Outflow highlights the impact of decreasing foreign ownership on KT Corp. Park suggests that a potential weight down-adjustment in May could lead to an outflow of shares, emphasizing a possible long-short strategy with SK Telecom. With foreign ownership below 7.5%, the adjustment factor for KT Corp is at risk of dropping significantly.

On the other hand, Douglas Kim offers a bullish perspective in his report “Hyundai Motor Group Becomes the Largest Shareholder of KT Corp, noting that Hyundai Motor Group has overtaken the National Pension Service to become the largest shareholder of KT Corp. Despite the ownership shift, regulatory approval from the Korean Ministry of Science and ICT is still pending. Kim suggests that Hyundai Motor Group is likely to remain a passive investor in KT Corp, despite its newfound majority ownership status.


A look at KT Corp Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience3
Momentum4
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

KT Corp, a leading telecommunication services provider in South Korea, holds a promising long-term outlook based on its Smartkarma Smart Scores. With top scores in both Value and Dividend, indicating strong fundamentals and attractive dividend payouts, investors can find stability and income potential in this company. While scoring slightly lower in Growth and Momentum, KT Corp still demonstrates solid potential for future expansion and market traction, supported by its robust offerings of telecommunication services and internet access.

The company’s resilience score, although not at the highest level, reflects its ability to navigate challenges and maintain a steady performance. Overall, with a well-rounded set of scores across various factors, KT Corp presents itself as a reliable investment choice for those seeking a blend of value, income, growth potential, and stability in the dynamic telecommunication 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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QBE Insurance Earnings Remain Strong: FY Combined Operating Ratio and Premium Growth Projections Confirmed

By | Earnings Alerts

β€’ QBE Insurance maintains a forecast for the fiscal year Combined Operating Ratio at approximately 93.5%.

β€’ The company anticipates the gross written premium growth for the financial year 2024. This growth, which is expected in the mid-single digits, should be in constant currency terms.

β€’ Premium rate increases are predicted to continue providing support.

β€’ As per the existing assessments, there have been 11 buy ratings, 2 hold ratings and 1 sell rating for the company’s stock.

β€’ All comparisons to past performance metrics are based strictly on values reported by the company’s prior public disclosures.


Qbe Insurance on Smartkarma

Analysts on Smartkarma, like Janaghan Jeyakumar, CFA, are providing insightful coverage on companies such as QBE Insurance. In a recent report titled “Quiddity ASX Mar 24 Index Rebal: Many High-Impact Names“, Jeyakumar highlights the potential outperformance of additions (ADDs) compared to deletions (DELs) following the March 2024 index rebal event for ASX indices. With an average of 11x ADV to buy for ADDs and 8x ADV to sell for DELs, the report suggests that ADDs could be positioned for stronger performance over the next two weeks. The event led to changes in various ASX indices, with notable shifts in the ASX 20, ASX 100, and ASX 200 categories.

This comprehensive analysis by Jeyakumar sheds light on the dynamics of QBE Insurance within the broader market context, offering valuable insights for investors and stakeholders. The research report provides a bullish sentiment towards the high-impact names affected by the index rebalancing, indicating opportunities for potential growth and strategic investment decisions. As independent analysts on Smartkarma continue to delve into the intricacies of companies like QBE Insurance, investors can benefit from a wealth of information to guide their financial strategies and portfolio management.


A look at Qbe Insurance Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth5
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

Based on the Smartkarma Smart Scores, QBE Insurance shows a promising long-term outlook. With high scores in Growth and Momentum, the company is positioned for advancement and ongoing positive performance. The Growth score reflects QBE’s potential for expanding its market presence, while the Momentum score indicates strong upward movement in its stock performance. Additionally, the company maintains solid scores in Value, Dividend, and Resilience, suggesting a well-rounded profile with good financial health and stability.

QBE Insurance Group Limited is an insurance company with a diverse portfolio covering commercial, industrial, and individual insurance policies. Alongside underwriting, QBE manages Lloyds syndicates and offers investment management services both locally and globally. The company’s promising scores in growth, resilience, and momentum indicate a bright long-term future, positioning QBE as a robust player in the insurance 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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OTP Bank Nyrt (OTP) Earnings: 1Q Total Income Misses Projections Despite Year-Over-Year Growth

By | Earnings Alerts
  • OTP Bank’s total income was under the estimate at 597.62 billion forint, although there was an increase of 28% year-over-year (y/y).
  • The net interest income saw a significant rise (+40% y/y) to 435.35 billion forint.
  • Net fee and commission income stood at 121.16 billion forint.
  • The bank’s net income increased by 23% y/y, totaling 239.96 billion forint.
  • A positive balance of total risk costs at +HUF 6.9 billion was reported.
  • No modification has been made to the Guidance published on 8 March 2024, as per OTP’s management.
  • Beginning from 1Q 2024, only the effect of goodwill impairments and acquisitions will be removed from the Profit and Loss hierarchy and will be shown at the consolidated level as adjustment items.
  • All other previous adjustment items will now be recorded at the specific geographies or business segments where they occur.
  • The Bank currently has 14 buys, 4 holds, and 0 sells in its portfolio.

A look at OTP Bank Nyrt Smart Scores

FactorScoreMagnitude
Value4
Dividend2
Growth5
Resilience5
Momentum4
OVERALL SMART SCORE4.0

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

OTP Bank Nyrt. has received high scores in Growth and Resilience factors, indicating a positive long-term outlook for the company. With a strong focus on expanding and growing its operations, coupled with the ability to withstand economic challenges, OTP Bank Nyrt. appears well-positioned for sustainable growth in the banking sector.

Although the Dividend score is moderate, the overall positive momentum and value attributed to OTP Bank Nyrt. suggest that investors may find it an attractive option for long-term investment. The company’s wide range of banking services, including retail and commercial offerings, along with a strong presence throughout Hungary, further solidifies its potential for continued success 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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Unveiling B3 – Brasil Bolsa Balcao (B3SA3) Earnings: In-depth Analysis of 1Q Capital Expenditure and Recurring Net Income Results

By | Earnings Alerts
  • B3’s first quarter capital expenditure was R$32.6 million.
  • The recurring net income for B3 amounted to R$1.13 billion.
  • There have been eight buys, nine holds, and zero sells of B3 stocks.
  • The next call regarding B3’s performance will be at 10 a.m. Sao Paulo time on May 10th.

A look at B3 – Brasil Bolsa Balcao Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience5
Momentum2
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 Smartkarma’s Smart Scores for B3 – Brasil Bolsa Balcao, the company shows a mixed long-term outlook. While it demonstrates strong resilience with a top score of 5, indicating its ability to withstand market challenges, it falls short in the areas of value and momentum with scores of 2. The dividend and growth scores sit in the middle at 3, suggesting moderate prospects in these areas.

B3 S.A. – Brasil, Bolsa, Balcao operates as a regional exchange, offering a range of financial services to customers globally. The company’s Smart Scores reflect its varying performance across different factors, with a notable strength in resilience. Investors may want to consider these scores alongside other market indicators to form a comprehensive view of B3’s future performance.


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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Suzano (SUZB3) Earnings: 1Q 2024 Net Income Misses Estimates Amid Pulp Price Fluctuations

By | Earnings Alerts
  • Suzano’s 1Q net income is significantly lower than expected, at R$220.0 million, a 96% decrease from last year. The estimate was R$1.66 billion.
  • The company’s net revenue also fell short of estimates, at R$9.46 billion, showing a 16% decrease y/y. The estimate was R$10.09 billion.
  • Pulp sales declined by 2.2% y/y to 2.40 million tons, missing the estimate of 2.57 million tons.
  • The average pulp price per ton was $3,066, reflecting a decrease of 18% from the previous year.
  • Paper sales, however, increased by 12% y/y to 313,000 tons.
  • The average paper price per ton sold in the domestic market was lower than projected at R$6,713, showing a decrease of 9.4% y/y against the estimate of R$6,850.
  • Suzano’s Adjusted Ebitda was R$4.56 billion, a 26% decrease y/y from the estimated R$4.85 billion.
  • The Adjusted Ebitda margin was at 48% compared to 55% y/y.
  • The net debt to adjusted Ebitda ratio increased significantly by 89% y/y to 3.6 times
  • The cellulose market showed a favorable performance during the first quarter of 2024, leading to new round of price increases not fully captured by the results of this period.
  • The company’s shares are regarded as a ‘buy’ by 14 investors, a ‘hold’ by 3 investors, and a ‘sell’ by 1 investor.

A look at Suzano Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
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

Investors looking at Suzano can expect a positive long-term outlook based on its Smartkarma Smart Scores. With a strong score in Growth and Momentum, Suzano is positioned for expansion and market momentum, pointing towards a promising future for the company. Though the scores for Value, Dividend, and Resilience are not as high, the overall outlook remains optimistic for Suzano.

Suzano S.A., a company focused on sustainable solutions from renewable resources, including cellulose, hygiene, lignin, eucalyptus, and paper products, is positioned favorably for growth and market momentum. While not all Smart Scores are at their peak, Suzano’s strong performance in Growth and Momentum bodes well for its future prospects in serving a global client base with innovative and sustainable solutions.


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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Wheaton Precious Metals (WPM) Earnings Reporting Sturdy 1Q: Gold Production and Sales Surge, Beats Estimates

By | Earnings Alerts
  • Wheaton Precious Metals reported first quarter results where gold production increased by 28% year-on-year to reach 93,370 ounces, beating the estimated 87,208 ounces.
  • Silver production for Wheaton also showed a growth by 11% year-on-year with 5,476 ounces. This is an increase as compared to the estimate of 4.62 million ounces.
  • They reported an adjusted EPS of 36.1c, which shows a growth from the 23.1c year-on-year, and is higher than the estimated 29.4c.
  • The realized price per ounce for silver stood at $23.77, presenting a 4% growth year-on-year. This was higher than the estimated price of $23.05.
  • The realized price per ounce for gold was reported at $2,073, showing an increase of 13% year-on-year.
  • Gold sales volume displayed an increase by 22% year-on-year with a volume of 143,184 ounces.
  • Silver sales volume was reported at 4,067 ounces.
  • Despite these increases, revenue saw a significant drop to $0.3 million from the previous year’s $214.5 million, falling short of the estimated $288.6 million.
  • At present, Wheaton Precious Metals corp. is recommended with 12 buys, 3 holds and no sells.

A look at Wheaton Precious Metals Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
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

Wheaton Precious Metals Corp., a company that specializes in precious metals streaming, is positioned for a positive long-term outlook based on the Smartkarma Smart Scores. With a strong Momentum score of 4, the company shows promising growth potential in the future. This indicates that Wheaton Precious Metals is likely to maintain its upward trend and continue to perform well in the market.

Additionally, the company scores well in terms of Resilience, Value, and Growth, all receiving scores of 3. This suggests that Wheaton Precious Metals is well-positioned to weather market fluctuations, offers good value for investors, and has the potential for sustainable growth. Although the Dividend score is slightly lower at 2, the overall outlook for Wheaton Precious Metals appears to be positive, making it a company to watch for potential long-term investment opportunities.


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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ARX Earnings: 1Q EPS Misses Estimates at C$0.31, Yet ARC Resources Boasts 4.1% y/y Production Increase

By | Earnings Alerts
  • ARC Resources’ 1Q EPS missed estimates with EPS C$0.31 versus C$0.93 y/y, and an estimate of C$0.41.
  • The firm reported an average production of 352,328 boe/d which is a 4.1% y/y increase. The estimate was slightly lower at 345,591.
  • The 2024 capital budget and production guidance for the company remains unchanged.
  • They expect the second quarter production to average between 325,000 and 330,000 boe per day.
  • The average production is expected to increase to approximately 370,000 boe per day in the second half of 2024.
  • Planned capital expenditures for the year are earmarked between $1.75 to $1.85 billion.
  • Full-year production is forecasted to average between 350,000 and 360,000 boe per day. The production is expected to comprise of 63 per cent natural gas and 37 per cent crude oil and liquids.
  • The 2025 outlook anticipates lower capital spending relative to 2024. Additionally, an approximately 10 per cent production growth is expected, mainly due to a full-year contribution from Attachie Phase I.

A look at Arc Resources Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE3.4

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

ARC Resources Ltd., an oil and gas exploration company based in western Canada, has received a variety of Smart Scores that indicate its potential for long-term performance. With a strong Growth score of 5, ARC Resources is poised for notable expansion in the coming years. Additionally, the company shows favorable Momentum with a score of 4, suggesting positive market sentiment and potential for future share price increases.

While ARC Resources demonstrates solid Growth and Momentum, its Resilience score of 2 indicates a lower level of stability and robustness compared to other factors. However, the balanced Value and Dividend scores of 3 each showcase the company’s commitment to providing value to investors. Overall, ARC Resources shows promise for long-term growth and positive momentum, supported by its strong Growth and Momentum 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.
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