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Smartkarma Newswire

Fresenius and KGaA (FRE) Earnings Update: Revenue Growth Prospects Boost, Confirms Plan to Exit Vamed

By | Earnings Alerts
  • Fresenius has confirmed its exit from investment company, Fresenius Vamed.
  • The company has upgraded its revenue forecast for the financial year, from a previous +3% to +6%, to now seeing organic revenue growth of +4 to +7%.
  • The estimated Ebit (Earnings before interest and taxes) also shows an increase, from previously +4% to +8%, now it is expected to be +6% to +10%.
  • The improvement in group outlook is attributed to better business prospects for Fresenius Kabi.
  • Fresenius Kabi now projects an organic revenue growth in mid to high single-digit percentage range for fiscal year 2024. This is an increase from the previous expectation of a mid single-digit percentage range.
  • The Ebit margin for Fresenius Kabi is now anticipated to be between 15 and 16%, higher than the previous forecast of around 15%.
  • The change of the group outlook also signifies that forecasts are now provided exclusing Fresenius Vamed.
  • The firm now has 15 buys, 7 holds, and 0 sells in its business portfolio.

A look at Fresenius & KGaA Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience3
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

Analysts at Smartkarma have provided an outlook for Fresenius SE & Co KGaA based on their Smart Scores. With a solid score in value and dividends, Fresenius is seen as a company with good financial health and potential for returns for investors. The company’s momentum score suggests a positive market sentiment, while growth and resilience scores indicate moderate performance in these areas. Fresenius, a global health care group offering various medical products and services, appears to have a promising long-term outlook according to these scores.

Similarly, for KGaA, the Smart Scores paint a picture of a company with strong value and dividend prospects, along with decent momentum in the market. Although growth and resilience scores are somewhat lower, overall, the outlook for KGaA is positive. As a global health care group providing dialysis, hospital, and medical care products and services, KGaA seems to be positioned well for the long term based on these 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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Leonardo SpA (LDO) Earnings Surpass Expectations with 1Q Revenue Beating Estimates

By | Earnings Alerts
  • Leonardo’s 1Q revenue beat the estimates, totalling EU3.66 billion compared to an estimated EU3.37 billion.
  • The company received orders amounting to EU5.75 billion.
  • Leonardo’s Ebita (earnings before interest, taxes, depreciation and amortization) is reported at EU182 million, surpassing the estimate of EU168.3 million.
  • The net income for Leonardo came in at EU447 million, significantly higher than the estimated EU90.5 million.
  • Currently, the company holds 13 buys, 5 holds, and 1 sell rating from analysts.

A look at Leonardo SpA Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
Resilience4
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

Leonardo SpA, a technology company focused on aerospace, defense, and security sectors, has been rated using Smartkarma Smart Scores for its long-term outlook. With a strong momentum score of 5, Leonardo shows promising growth potential in the future. The company also demonstrates resilience with a score of 4, indicating its ability to withstand market challenges. While the value and growth scores sit at 3, Leonardo’s dividend score of 2 suggests a moderate performance in rewarding its investors.

Operating globally, Leonardo SpA is a key player in the aerospace and defense industries. Specializing in helicopters, aircraft, aerostructures, and defense electronics, the company’s diverse portfolio positions it well for long-term success. Overall, with solid momentum and resilience scores, Leonardo may offer investors growth opportunities while navigating market fluctuations in the aerospace and defense sectors.


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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Infrastrutture Wireless Italia (INW) 1Q Earnings Meet Analyst Estimates: A Detailed Analysis

By | Earnings Alerts
  • INWIT’s Ebit for 1Q matches the estimated value at EU137.8 million. The estimated value was EU137.6 million.
  • The revenue figure for INWIT in the first quarter stands at EU254.6 million which slightly exceeded the estimated figure of EU254.2 million.
  • INWIT’s Ebitda for the first quarter is EU233.0 million, marginally above the estimate of EU232.8 million.
  • The company’s net income amounts to EU89.7 million, which is slightly lower than the initially estimated figure of EU93.3 million.
  • The investment in INWIT has been recommended by analysts as a ‘buy’ option 13 times while it has been classified as a ‘hold’ 11 times. There have been no ‘sell’ recommendations.

A look at Infrastrutture Wireless Italia Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience3
Momentum3
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

Infrastrutture Wireless Italia, an Italian company operating in the infrastructure for electronic communications sector, has received a favorable overall outlook based on the Smartkarma Smart Scores. With a strong Dividend score of 4 indicating good dividend potential and a Growth score of 4 highlighting its growth prospects, the company appears well-positioned for long-term success. Additionally, its Resilience score of 3 suggests a certain level of stability, while the Momentum score of 3 indicates a steady performance trend.

Infrastrutture Wireless Italia is known for its focus on constructing radio transmission infrastructure like towers, trellises, and poles, as well as telecommunications and distribution of television and radio signals. With a balanced mix of positive scores across various factors, the company seems poised to navigate the challenges of the industry and capitalize on future opportunities, making it an intriguing prospect for investors seeking both growth and dividends.


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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United Breweries (UBBL) Earnings Skyrocket to 808.4M Rupees in 4Q: A Comprehensive Analysis

By | Earnings Alerts

United Breweries announced a 4Q net income of 808.4 million rupees, a significant increase from 97.3 million rupees in the same period last year.

• The company’s revenue stood at 47.9 billion rupees, indicating a 17% year-on-year increase.

• Total costs for the quarter were 47 billion rupees, a year-on-year increase of 15%.

• Other income for the period was 263.2 million rupees, up from 116.3 million rupees in the same period last year.

• The company declared a dividend per share of 10 rupees.

• During the year, United Breweries made investments in capex totalling 1.9 billion rupees. These were primarily directed towards supply chain initiatives aimed at future growth.

• Volume in the fourth quarter saw a 10.9% increase, predominantly fueled by strong performance in South and East regions.

• The premium segment grew by 21% in the quarter, with strong growth reported for Kingfisher Ultra and Kingfisher Ultra Max.

• The company’s stock received 8 buys, 3 holds, and 6 sells from analysts.

• The conclusions drawn are based on values reported from the company’s original disclosures.


A look at United Breweries Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth5
Resilience5
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

United Breweries Limited, a major player in the alcoholic beverages industry, is positioned with a promising long-term outlook according to Smartkarma Smart Scores analysis. With a top-tier Growth score of 5 and a Resilience score of 5, the company demonstrates robust potential for expansion and a strong ability to navigate challenging market conditions. Additionally, its Momentum score of 4 indicates a positive trend in performance. While the Value and Dividend scores are slightly lower at 2 and 3 respectively, the overall picture remains favorable for United Breweries as it continues to serve customers globally with its beer, malt liquor, and other beverage offerings.

As per the provided Smart Scores, United Breweries is primed for growth and resilience in the foreseeable future, underpinned by its strong performance indicators. This suggests that investors may find United Breweries a compelling prospect for long-term investment, given its high scores in Growth and Resilience. While aspects such as Value and Dividend scores are not as high, the company’s overall outlook appears optimistic, leveraging its established presence in the alcoholic beverages market. With a focus on innovation and market adaptation, United Breweries seems set to maintain its momentum and enhance its position 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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4Q Earnings: Pidilite Industries Net Income Fails to Meet Estimates

By | Earnings Alerts

  • Pidilite Industries reported a net income of 3.01 billion rupees in Q4, experiencing a 6.4% increase year on year (y/y). However, this falls short of the estimated 4.25 billion rupees.
  • The revenue generated was 29 billion rupees, a growth of 7.8% y/y, slightly surpassing the estimate of 28.31 billion rupees.
  • Total costs amounted to 24.5 billion rupees, marking an increase of 5.6% from the previous year.
  • The finance cost stood at 134.2 million rupees, rising by 13% y/y, exceeding the estimated 125.4 million rupees.
  • Employee benefits expenses reached 3.74 billion rupees, an 18% increase y/y. This is higher than the prediction of 3.57 billion rupees.
  • The company’s other expenses constituted 6 billion rupees, showing a sharp rise of 25% y/y against the estimate of 5.21 billion rupees.
  • Other income was reported at 488.6 million rupees, a substantial increase compared to 228.2 million rupees in the previous year.
  • The dividend per share announced was 16 rupees.
  • The stock’s ratings stand at 8 buys, 4 holds, and 7 sells.


A look at Pidilite Industries Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience4
Momentum4
OVERALL SMART SCORE3.2

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

Based on the Smartkarma Smart Scores, Pidilite Industries is positioned for a promising long-term outlook. With solid ratings in Growth and Resilience, the company shows potential for expansion and the ability to weather market challenges. Additionally, its Momentum score reflects positive market momentum, indicating increasing investor interest. Pidilite Industries‘ diverse product range, spanning consumer and specialty industrial products, underscores its strength and adaptability in various market segments.

Pidilite Industries‘ consistent performance is further supported by its moderate scores in both Value and Dividend factors. While there is room for improvement in these areas, the company’s overall outlook remains positive. As a manufacturer of a wide range of products including adhesives, art materials, and industrial chemicals, Pidilite Industries demonstrates a strong presence across diverse industries, positioning it well for sustained growth and resilience in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Policybazaar (POLICYBZ) Earnings: PB Fintech’s 4Q Net Income Meets Estimates With 25% Revenue Increase Yearly

By | Earnings Alerts
  • PB Fintech’s 4Q net income meets estimates with a net income of 605.9 million rupees. This is a significant improvement over the previous year’s loss of 89.5 million rupees.
  • The company’s 4Q revenue increased by 25% year on year, reaching a total of 10.9 billion rupees. This has exceeded estimates which were set at 9.82 billion rupees.
  • Meanwhile, total costs were observed to have grown by 16% year-on-year, amounting to 11.1 billion rupees.
  • The adjusted EBITDA stands at 690 million rupees as compared to last year’s 280 million rupees. This shows a positive turnaround as compared to the estimated loss of 125.7 million rupees.
  • Advertising and promotion costs saw a decrease of 48% as compared to the previous year, with expenses amounting to 2.38 billion rupees.
  • The analysis of the overall performance consists of 11 buys, 3 holds, and 3 sells.
  • Comparisons to past results are based on values reported by the company’s original disclosures.

A look at Policybazaar Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
Resilience4
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

Policybazaar, operating under PB Fintech Limited, demonstrates a promising long-term outlook based on Smartkarma Smart Scores analysis. With a high Growth score of 5, the company is well-positioned for future expansion and revenue generation in the online financial services sector. Additionally, boasting a Resilience score of 4, Policybazaar shows robustness in facing challenges and sustaining its operations effectively over time.

Furthermore, Policybazaar‘s Momentum score of 5 indicates strong market presence and positive investor sentiment, contributing to its overall positive outlook. While the Value score is moderate at 2 and Dividend score is low at 1, the company’s focus on growth and resilience signifies a strategic approach towards long-term success in the online financial services 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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Policybazaar (POLICYBZ) Earnings Review: 4Q Net Income Misses Estimates Despite 25% Revenue Increase

By | Earnings Alerts
  • For the 4th quarter, PB Fintech reported a net income of 60.6 million rupees. This is noteworthy because there was a loss of 89.5 million rupees in the same period of the previous year.
  • The income, however, missed estimates. Predictions had set it to be around 604.8 million rupees.
  • Revenue generation was solid, standing at 10.9 billion rupees. This shows a year-on-year growth rate of 25%.
  • This was better than the estimates, which had pegged the revenue at 9.82 billion rupees.
  • Total costs incurred by the company amounted to 11.1 billion rupees, which was a 16% increase year-on-year.
  • The Adjusted Ebitda had a significant prop up, with figures amounting to 690 million rupees. This is a huge positive shift from the previous year’s 280 million rupees.
  • This comfortably exceeded estimates, which had predicated a loss of 125.7 million rupees.
  • Advertising and promotion costs saw a significant decrease of 48% to 2.38 billion rupees year-on-year.
  • Out of the 17 analysts, 11 gave a ‘buy’ rating to PB Fintech, 3 maintained a ‘hold’ stance and the remaining 3 gave ‘sell’ ratings.

A look at Policybazaar Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
Resilience4
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

Policybazaar, operated by PB Fintech Limited, is positioned well for long-term success based on its Smartkarma Smart Scores. With a high Growth score of 5 and Momentum score of 5, the company shows strong potential for expansion and upward movement in the market. This suggests that Policybazaar is actively growing and gaining traction, indicating positive future prospects.

While the Value score is moderate at 2, the company’s Resilience score of 4 reflects a solid ability to weather market fluctuations. Although the Dividend score is lower at 1, Policybazaar‘s focus on growth and momentum could overshadow this factor in terms of long-term performance. In summary, Policybazaar‘s strategic focus on growth and momentum positions it well for sustained success in the evolving financial services 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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JSW Energy Ltd Earnings: 4Q Net Income Misses Estimates with a +29% Y/Y Increase

By | Earnings Alerts
  • JSW Energy’s 4Q net income was 3.51 billion rupees, an increase of 29% year-on-year, but fell short of the estimated 8.21 billion rupees.
  • The revenue was 27.6 billion rupees, displaying a 3.4% year-on-year growth, but was less than the estimated 205.17 billion rupees.
  • Total costs increased by 4.1% to 25.5 billion rupees compared to the previous year.
  • Other income dropped by 9.6% year-on-year to 1.23 billion rupees.
  • Finance cost rose significantly to 5.33 billion rupees compared to 2.33 billion rupees in the previous year.
  • Company’s Ebitda stood at 12.9 billion rupees.
  • A per share dividend amount of 2 rupees was declared.
  • The company approved a fund raise of up to 100 billion rupees.
  • Funds will be raised via private offerings, Qualified Institutional Placement (QIP).
  • The company’s long-term outlook for the power sector is positive due in part to expected rapid urbanization, government capital expenditure and a robust investment cycle.
  • JSW Energy plans to raise 100 billion rupees in one or more sections through private offerings, institutional placements, and preferential issuing of eligible securities.
  • The company anticipates that supply increase will lag behind demand growth over the medium term.
  • Current recommendations for JSW Energy’s share stand at 6 buys, 1 hold, and 4 sells.

A look at JSW Energy Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
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

Analysts at Smartkarma have evaluated JSW Energy Ltd using the Smart Scores system, which provides a comprehensive outlook on the company. With a strong Momentum score of 5, JSW Energy Ltd is showing robust performance and positive market trends that bode well for its future growth. Additionally, the company scores well in Growth, indicating promising prospects for expansion and development in the long term. Both these factors point towards a favorable outlook for JSW Energy Ltd.

Despite some lower scores in Resilience and Value, JSW Energy Ltd‘s overall assessment remains solid due to its strong performance in Momentum and Growth. This suggests that while there may be areas for improvement, the company’s strategic positioning and market momentum position it well for future success and sustainable growth in the energy sector.

**Summary of JSW Energy Ltd:**
JSW Energy Limited is a power generation company utilizing Corex gas and coal for power generation. With a capacity to produce 3,140 megawatts of electricity through its lignite thermal power plant in Rajasthan, the company also has presence in power trading and transmission sectors.


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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Expeditors Intl Wash (EXPD) Earnings Beat Estimates Despite Declining Revenues in Q1

By | Earnings Alerts
  • Expeditors 1Q EPS beat estimates at $1.17 compared to $1.45 y/y, with an estimate of $1.09.
  • Revenue was recorded at $2.21 billion, showing a decrease of 15% from the previous year, falling short of the $2.25 billion estimate.
  • Airfreight services registered a revenue of $759.4 million, a decline of 16% y/y, surpassing the $729.2 million estimate.
  • Ocean freight and ocean services revenue was $570.8 million, down by 18% y/y, slightly exceeding the $570.1 million estimate.
  • Customs brokerage and other services generated a revenue of $876.5 million, down by 11% y/y but higher than the $865.8 million estimate.
  • Airfreight tonnage volume increased by 4%.
  • Ocean container volume also marked an increase of 2%.
  • Operating income was $214.8 million, down by 22% y/y but above the $201.8 million estimate.
  • There have been no buys, 9 holds and 8 sells thus far.

A look at Expeditors Intl Wash Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience4
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

Expeditors Intl Wash, a global logistics company, has been assessed using Smartkarma Smart Scores to determine its long-term outlook. With a score of 2 for Value and Dividend, 3 for Growth and Momentum, and a notable 4 for Resilience, the company shows promise in various aspects. The high Resilience score indicates a strong ability to weather challenges, while the moderate Growth and Momentum scores suggest potential for advancement in the future.

Expeditors Intl Wash offers services such as air and ocean freight forwarding, vendor consolidation, customs clearance, and international logistics. Its overall outlook, as reflected in the Smart Scores, suggests a mixed but generally positive outlook for investors considering long-term investment in 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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Spirit Aerosystems Holdings, Inc (SPR) Earnings: 1Q Adjusted Loss per Share Surges Amid Negotiations with Boeing

By | Earnings Alerts

Spirit Aero 1Q Adjusted Loss per Share $3.93: This was a significantly higher loss than the estimated 54c loss per share and a greater loss than last year’s 1Q loss of $1.69 per share.

Revenues have increased: Spirit Aero’s revenues hit $1.7 billion, marking a 19% increase year-on-year and surpassing the estimate of $1.58 billion.

Reduced Shipsets: However, Shipsets delivered were down by 11% compared to last year, with a recorded figure of 307.

Commercial segment struggling: The commercial sector faced an operating loss of $484.9 million, far higher than the estimated profit of $75.9 million and last year’s loss of $45.5 million. The sector’s operating margin stands at -35.8% against last year’s -4% and an estimated 5.48%.

Defense & Space Segment witnessing growth: This segment displayed an impressive 33% revenue increase with an operating income growth of 68%. Its operating margin also increased from 10.2% to 12.8%, surpassing the estimate of 9.57%.

Aftermarket segment revenue slightly up: With a modest increase of 1.5% from last year, Aftermarket segment’s operating income shrunk by 10%, and its operating margin fell from 20.3% to 17.9% against an estimate of 21%.

Currently under negotiation with Boeing: Spirit Aero is discussing potential acquisition terms with Boeing. Further insights into acquisitions, 737 MAX delivery and production timing, and negotiations with Airbus, remain undisclosed.

Anticipated forward loss in Q2: Due to a production fall and an inability to decrease variable costs in a timely manner, Spirit Aero predicts a forward loss of $50-$60 million in 2024’s second quarter.

Impact of Boeing’s schedule changes and investigation: Spirit Aero’s first quarter was majorly impacted by alterations in Boeing’s schedule in March, and the ensuing quality audits from the Alaska Airlines incident.

Delivery delays and undelivered units: Delays in delivering to Boeing resulted in undelivered units being stored in Wichita, Kansas, leading to an increase in inventory, contract assets, and lower operational cash flows.

31 aircraft to be produced monthly: Spirit Aero’s current production rate stands at 31 Boeing 737 aircraft per month, expected to continue till the year end.


A look at Spirit Aerosystems Holdings, Inc Smart Scores

FactorScoreMagnitude
Value0
Dividend1
Growth4
Resilience5
Momentum4
OVERALL SMART SCORE2.8

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

Based on Smartkarma Smart Scores, Spirit Aerosystems Holdings, Inc shows a promising long-term outlook. With a Growth score of 4 and Resilience score of 5, the company is poised for positive expansion and has demonstrated a strong ability to weather market challenges. Momentum, also rated at 4, indicates the company’s current market trend is favorable. Although the Value score is rated at 0 and Dividend at 1, the focus on growth and resilience suggests a strategic approach to long-term sustainability.

Spirit Aerosystems Holdings, Inc, as a holding company, specializes in designing and manufacturing aerostructures for various types of aircraft. They are known for producing fuselages, propulsion systems, and wing systems for both commercial and military aircraft. With a solid growth outlook, strong resilience, and positive market momentum, Spirit Aerosystems Holdings, Inc seems well-positioned to navigate future challenges and capitalize on opportunities in the aerospace sector.


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