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Smartkarma Newswire

Analysis: Dexus Property (DXS) Earnings Hold Steady Despite Challenging Conditions

By | Earnings Alerts
  • Dexus is maintaining its financial year (FY) distribution per security outlook, still expecting about A$0.48 per security.

  • The company notes that current conditions remain challenging.

  • The FY Adjusted Funds From Operations (AFFO) excluding trading profits is predicted to remain consistent with that of FY23.

  • There have been 4 purchases, 4 holds, and 3 sales noted recently.

  • Comparisons to past results have been made with values reported from the company’s initial disclosures.


A look at Dexus Property Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth2
Resilience2
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

Based on the Smartkarma Smart Scores, Dexus Property demonstrates a strong outlook for both value and dividends, scoring the highest rating of 5 for each category. This indicates that the company is considered to offer excellent value for investors and provides a competitive dividend yield. However, the growth and resilience scores for Dexus Property are relatively lower, with ratings of 2 for both factors. This suggests that while the company may not be experiencing significant growth or resilience compared to its peers, its momentum score of 3 implies a moderate level of positive market momentum.

Overall, Dexus Property‘s long-term outlook appears favorable for investors seeking value and a steady income stream through dividends. The company’s focus on managing and investing in a diversified portfolio of properties in Australia and New Zealand positions it well to continue delivering value to its shareholders, despite facing some challenges in terms of growth and resilience.


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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Northern Star Resources (NST) Earnings Forecast Remains Steady Amid FY Growth Capital Expenditures and Exploration Expenditure Targets

By | Earnings Alerts
  • Northern Star continues to estimate FY growth capital expenditures to be between A$1.15 billion and A$1.25 billion.
  • The company’s forecasted exploration expenditure remains steady at A$150 million.
  • During the June quarter, the focus at KCGM has been increasing milled tons and grade through greater access to Golden Pike North.
  • Jundee reports higher grades in its mining performance.
  • Thunderbox sees the annualised mill throughput rate at 5Mtpa at Yandal in the 4th Quarter.
  • Pogo’s target for June quarter is improved mill throughput, pointing to enhanced capacity and continuity from finalized projects.
  • Northern Star has affirmed its sales and cost targets for the financial year 2024.
  • Their stock performance demonstrates a positive outlook, with 10 buys, 6 holds, 2 sells.
  • Comparisons to past results are grounded in values announced in the company’s original disclosures.

A look at Northern Star Resources 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

Investment analysts see a positive long-term outlook for Northern Star Resources based on a combination of factors. The company’s Smartkarma Smart Scores reflect a solid performance across key indicators. With a strong momentum score of 4, Northern Star Resources demonstrates promising growth potential. Additionally, scoring well in value, growth, and resilience with scores of 3, the company is positioned for stability and value creation over the long term. While the dividend score of 2 shows room for improvement in this area, overall, Northern Star Resources presents a robust outlook for investors looking at the precious metals sector.

As a manufacturer of precious metals, Northern Star Resources focuses on mining and producing gold, catering to customers in Australia and North America. The company’s diverse operations and strong performance in key aspects like momentum and resilience point towards a sustainable future. With a balanced scorecard showcasing strengths in growth and value, Northern Star Resources appears well-equipped to navigate the market dynamics and deliver shareholder value over the long run. Investors eyeing stability and growth in the precious metals industry may find Northern Star Resources a compelling opportunity.


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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Itau Unibanco Holding (ITUB4) Earnings: 1Q Recurring Net Income Meets Projections with Robust 16% Y/Y Growth

By | Earnings Alerts

• Itau’s recurring net income in the first quarter met expectations, totalling R$9.77 billion, which is a 16% increase year on year.

• Itau’s net interest income was R$26.88 billion, marking an 8.9% increase compared to the previous year.

• The bank’s loans amounted to R$1.18 trillion, showing a 2.8% increase when compared to the same period last year.

• The non-performing loans (NPL) ratio was 2.7%, slightly lower than the estimate of 2.83% and down from 2.9% year on year.

• The bank achieved a return on average equity of 21.9%, which is higher than the 20.7% return attained in the same period last year.

• Total assets for Itau were R$2.79 trillion, marking a 9.5% increase from the previous year.

• The formation of new NPL was R$9.04 billion, which is a decrease by 1.1% from the prior year.

• Total cost of credit was negative at -R$8.79 billion but showed a 3.2% increase year on year.

• New NPLs formed made up 1% of the loan portfolio, unchanged from the previous year.

• The Tier 1 ratio was 14.5%, which is higher than the 13.5% noted last year.

• Fee and commission income for the bank was R$10.85 billion, marking a 4.9% increase when compared with the previous year.

• Itau kept its projections for 2024 unchanged.

• The bank was given a positive investment recommendation, with no sell recommendations, three hold recommendations and 13 buy recommendations.


A look at Itau Unibanco Holding Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.2

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

Itau Unibanco Holding S.A., a leading banking institution, has received a positive long-term outlook based on its Smartkarma Smart Scores. With a solid score in Growth and Momentum, the company is positioned for future expansion and market performance. The company’s focus on value and dividends, though not as high, signifies stability and shareholder returns. However, Itau Unibanco Holding faces challenges in terms of resilience, indicating a need to strengthen its ability to withstand economic fluctuations. Overall, the company’s scores indicate a promising future trajectory in the industry.

Itau Unibanco Holding S.A. is a prominent player in the banking sector, offering a wide range of financial services including consumer loans, insurance, and securities brokerage. The company’s Smartkarma Smart Scores highlight its strengths in growth potential and market momentum, suggesting a positive outlook for investors. While there are areas for improvement in terms of resilience, the company’s overall profile reflects a well-rounded approach to banking operations. Investors may see Itau Unibanco Holding as a promising opportunity for long-term growth and value creation.


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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ANZ Group Holdings (ANZ) Earnings: 1H Cash Profit Misses Estimates, Dissecting Comprehensive Performance Report

By | Earnings Alerts
  • ANZ Group struggles: The 1H cash profit didn’t meet estimates, totaling at A$3.55 billion against the estimated A$3.63 billion.
  • Institutional profit: Institutional cash profit was also reported, reaching A$1.52 billion.
  • Geographical performance: In terms of geographical breakdown, the New Zealand unit reported cash profits of A$791 million. On the other hand, the Pacific branch posted a cash profit of A$31 million.
  • Net income: The net income for the Group stood at A$3.41 billion.
  • Investment ratings: There are mixed views from investors – the ANZ Group stock has 6 buys, 6 holds, and 4 sells.

A look at ANZ Group Holdings Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.6

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

Analysts utilizing the Smartkarma Smart Scores have indicated an overall positive long-term outlook for ANZ Group Holdings. With high scores across various key factors such as Value, Dividend, Growth, and Momentum, the company is positioned favorably for growth and stability in the future. The Value, Dividend, and Growth scores indicate strong fundamentals and potential for returns, while the Momentum score suggests a positive trend in the company’s performance.

However, the Resilience score of 2 raises slight concerns about the company’s ability to withstand economic fluctuations or unexpected challenges. This aspect may require careful monitoring to ensure the company remains robust in the face of adversity. Overall, ANZ Group Holdings, operating as a holding company in the banking and financial sector, shows promising prospects for investors considering a long-term investment strategy.


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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Coty Inc Cl A (COTY) Earnings: 3Q Prestige Channel Net Revenue Meets Estimates Amid Gross Margin Expansion

By | Earnings Alerts
  • Coty’s 3Q Prestige Channel Net Revenue of $867.2 million met estimates and was higher than estimated Consumer Beauty Net Revenue at $518.4 million.
  • The company’s 3Q net revenue was $1.39 billion and the adjusted EPS stood at 5.0c.
  • Coty’s gross margin and adjusted gross margin both were 64.8%, surpassing the estimated 64%.
  • The adjusted Ebitda for Coty was $199.9 million, better than the estimated $194 million.
  • Coty is forecasting savings of $110-120 million in FY24.
  • For FY24, the company expects adjusted EBITDA margin expansion to reach the upper end of its previous guidance range of 10 to 30 basis points.
  • FX headwinds in Q4 are seen as a contributing factor for Coty’s FY24 adjusted EBITDA to remain within its prior guidance range of $1,080 to $1,090 million at current FX rates.
  • Expectation of modest FY24 gross margin expansion year-over-year remains intact.
  • Notwithstanding subdued trends in U.S. mass cosmetics, strength and differentiation in Coty’s global and multi-category presence has been seen.
  • Business growth by a low-double-digit percentage in global prestige and mass fragrances, and over 20% sales growth in prestige cosmetics were observed.
  • Strong growth in both Prestige and Consumer Beauty businesses on a quarterly and fiscal year-to-date basis, in all three regions, and in core categories of fragrances, color cosmetics, skin care, and body care was noted.
  • Coty earned 11 buys, 11 holds, and 0 sells in the investor ratings.

A look at Coty Inc Cl A Smart Scores

FactorScoreMagnitude
Value3
Dividend1
Growth4
Resilience2
Momentum3
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

Analysts at Smartkarma have assessed Coty Inc Cl A using the Smart Scores methodology to gauge the company’s long-term outlook. With a strong score of 4 in Growth, Coty Inc seems poised for significant expansion and development in the future. This indicates a positive trend towards increasing market share and expanding product lines in the beauty industry.

Despite a lower score of 1 in Dividend, Coty Inc’s other scores show a balanced overall outlook. With a score of 3 in Value and Momentum, along with a score of 2 in Resilience, the company demonstrates solid fundamentals and potential for sustained performance. Investors may find Coty Inc Cl A an attractive prospect for long-term growth and value creation.


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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Intl Flavors & Fragrances (IFF) Earnings: 1Q Net Sales Surpass Estimates, Full-Year Outlook Trends High

By | Earnings Alerts

• International Flavors has exceeded net sales estimates in the first quarter, with sales amounting to $2.90 billion.

• Despite witnessing a decrease of -4.2% y/y, the sales stand higher than the estimated $2.78 billion.

• Nourish net sales reached $1.50 billion, showing a decrease of -9.5% y/y but surpassing the estimated figure of $1.43 billion.

• Health & Biosciences nets sales saw an uptick, posting at $531 million (+3.5% y/y), higher than the estimated $515.1 million.

• Scent net sales witnessed an increase reporting sales of $645 million (+6.1% y/y), outperforming the estimate of $597.8 million.

• Pharma Solutions’ net sales, on the other hand, went down by -10% y/y to $227 million, which is also lower than the estimated $236.9 million.

• The Company's 1Q adjusted EPS excluding amortization stood at $1.13, which shows an increase from the previous year and comfortably beats the estimated 82c.

• Adjusted operating Ebitda was $578 million, marking a 15% y/y increase and exceeding estimates of $491.3 million.

• International Flavors forecasts full-year 2024 results to appear towards the higher end of its previously announced sales guidance range of $10.8 billion to $11.1 billion and adjusted operating EBITDA guidance range of $1.9 billion to $2.1 billion.

• This optimistic outlook is based on their strong performance so far and the expected performance for the remaining year.

• The current investor sentiment for the company stands at 9 buys, 13 holds, and 1 sell.


Intl Flavors & Fragrances on Smartkarma

Analyst coverage of Intl Flavors & Fragrances on Smartkarma reveals positive sentiments and insights from top independent analysts. Baptista Research, a reputable source on the platform, published research reports highlighting key aspects of International Flavors and Fragrances Inc. (IFF). In one report titled “International Flavors & Fragrances (IFF): New Launches“, it was noted that IFF reported strong fourth-quarter and full-year 2023 earnings, with notable growth in sales and EBITDA despite a reported sales decline. This underscores the company’s operational resilience and positive performance.

In another report titled “International Flavors & Fragrances (IFF): What Are Its Biggest Growth Catalysts? – Financial Forecasts“, Baptista Research discussed IFF’s impressive performance in the previous quarter, showcasing a rebound in company-wide volume and strategic moves to optimize its portfolio and capital structure. The sale of Lucas Meyer Cosmetics to Clariant for $810 million was highlighted as a significant step, reflecting IFF’s focus on driving growth and maximizing value for its stakeholders.


A look at Intl Flavors & Fragrances Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth2
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

International Flavors & Fragrances Inc., a company that specializes in creating flavors and fragrances for various industries, is positioned well for the long term according to Smartkarma’s Smart Scores. With high scores in Value and Dividend, the company demonstrates strong fundamentals and shareholder returns potential. However, its Growth and Resilience scores are moderate, indicating room for improvement in these areas. Despite this, Intl Flavors & Fragrances shows promising Momentum, which suggests positive market sentiment and potential for future growth.

Overall, Intl Flavors & Fragrances Inc. appears to be a solid investment option with a favorable outlook based on the Smart Scores analysis. Investors may find the company attractive due to its strong value proposition and dividend potential. While there are areas for growth and resilience that could be addressed, the company’s positive momentum indicates a positive trajectory for future performance in the flavors and fragrances 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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Regal Rexnord (RRX) Earnings: Revised FY Adjusted EPS Forecast Amidst Increased First Quarter Results

By | Earnings Alerts
  • Regal Rexnord has cut its full-year adjusted earnings per share (EPS) forecast to $9.60 to $10.40 from the previous prediction of $9.75 to $10.55.
  • First-quarter adjusted EPS was $2.00, down from $2.22 year on year (y/y), but still beat the estimated forecast of $1.98.
  • Net sales in the first quarter reached $1.55 billion, a 26% increase y/y, almost meeting the sales estimate of $1.56 billion.
  • Net sales results for Regal Rexnord sector-specific performances varied: Industrial Powertrain Solutions saw net sales of $643.4 million surpassing the estimated $630.6 million. However, Power Efficiency Solutions net sales were at $385.3 million, shy of the $402.3 million estimate; similarly, Automation & Motion Control net sales came in at $400.2 million, less than the $407.4 million estimate.
  • Industrial Systems saw particularly disappointing y/y net sales results, falling 13% y/y to $118.8 million, significantly lower than the $132.7 million estimated.
  • Adjusted operating margin for the first quarter registered 11.7% in comparison to 11.6% y/y and surpassed the 11.2% estimate.
  • First quarter net income was $19.8 million, a substantial improvement from a loss of $5.9 million y/y, but fell short of the $71.5 million estimate.
  • The company has achieved an adjusted free cash flow of $64.6 million and is still on track to its full year outlook of $700 million.
  • Regal Rexnord also updated its annual guidance for 2024 GAAP (Generally Accepted Accounting Principles) Diluted Earnings per Share to a predicted range of $3.97 to $4.77.
  • In terms of popularity among the investment community, Regal Rexnord is garnering attention with 8 buys, 0 holds, and 0 sells.

A look at Regal Rexnord Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth2
Resilience2
Momentum4
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

Regal Rexnord Corporation, a company specializing in the design and manufacture of electric motors and controls, appears to have a favorable long-term outlook based on the Smartkarma Smart Scores. With a strong momentum score of 4, indicating positive market trends, Regal Rexnord shows promise for future growth. Although the company’s value, dividend, growth, and resilience scores are moderate, the high momentum score suggests potential for increased performance in the future.

Regal Rexnord Corporation, known for its diverse portfolio of products including gearboxes, automotive transmissions, cutting tools, transfer switches, and electric generators, caters to a global market of distributors, original equipment manufacturers, and end users. The company’s Smartkarma Smart Scores reflect a balanced outlook across various factors, with a notable strength in momentum. This indicates that Regal Rexnord may be well-poised to capitalize on market opportunities and potentially drive competitive performance in the long term.


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

By | Earnings Alerts
  • Williams Cos‘ Adjusted EPS for 1Q stood at 59c, which was higher than both last year’s 56c and the estimated 48c.

  • Revenue came in at $2.77 billion, a decline of 10% from last year, but it surpassed the estimate of $2.65 billion.

  • Adjusted Ebitda amounted to $1.93 billion, marking a 7.7% increase from last year and surpassing the $1.77 billion estimate.

  • The Adjusted Ebitda for Transmission & Gulf of Mexico was $839 million, reflecting a 15% increase from last year and exceeding the $810 million estimate.

  • The Northeast G&P Adjusted Ebitda stood at $504 million, a 7.2% increase from last year, surpassing the $478.4 million estimate.

  • West adjusted Ebitda amounted to $328 million, up 15% from last year, although slightly less than the $347.1 million estimate.

  • AFFO came in at $1.51 billion, reflecting a 4.3% year-over-year increase.

  • Capital expenditures amounted to $544 million, a slight 0.2% decrease from the prior year, but less than the estimated $633.3 million.

  • The strong 1Q performance leads to expectations that Adjusted EBITDA will be in the top half of its 2024 guidance range of $6.8 billion and $7.1 billion.

  • 2024 growth capex is expected to be between $1.45 billion and $1.75 billion, with maintenance capex between $1.1 billion and $1.3 billion, inclusive of $350 million for emissions reduction and modernization initiatives.

  • Adjusted EBITDA for 2025 is projected to be between $7.2 billion and $7.6 billion, and growth capex between $1.65 billion and $1.95 billion, and maintenance capex between $750 million and $850 million, including $100 million for emissions reduction and modernization initiatives based on midpoint

  • The 8 percent rise in Adjusted EBITDA was due to the continued outperformance of transmission, storage, and gathering businesses, which delivered a 13 percent higher Adjusted EBITDA compared to last year.


Williams Cos on Smartkarma

On Smartkarma, independent analyst Baptista Research has provided insightful coverage on The Williams Companies Inc. Their report titled “6 Major Growth Drivers For Their Performance In 2024 & Beyond!” highlights the company’s strong performance in the third quarter of 2023. The report discusses significant advancements in operational execution, project completions, and positive expansion achievements. Despite a challenging environment with lower gas prices compared to the previous year, Williams Companies showed impressive growth, with the completion of the first half of Transco’s Regional Energy Access project boosting natural gas transportation.

In another report by Baptista Research titled “How They’re Thriving Despite Revenue Challenges!”, the analyst acknowledges Williams Companies’ ability to overcome hurdles. Although the recent quarter saw revenues below market expectations, the company outperformed in terms of earnings, showcasing resilience and strength. Despite facing challenges like lower natural gas prices impacting revenues, Williams Companies demonstrated notable growth in its core business segments, highlighting its ongoing success amidst industry challenges.


A look at Williams Cos Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE3.6

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

Williams Cos, with a mixed bag of Smart Scores, presents an interesting long-term outlook. The company shines in areas of dividend and growth, boasting solid scores of 4 and 5 respectively. This suggests a promising future for investors looking for steady income and potential expansion. However, weaknesses in value and resilience, marked by scores of 3 and 2, imply some caution is warranted. Despite this, the momentum score of 4 indicates underlying strength and positive market sentiment.

As an energy infrastructure company with a focus on North America’s hydrocarbon resources, particularly natural gas and NGLs, Williams Cos operates in a crucial sector for the continent’s energy needs. With a mix of midstream assets and interstate pipelines, the company plays a vital role in connecting these resources to key markets. This strategic positioning underpins its growth potential and contribution to the energy value chain.


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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Microchip Technology (MCHP) Earnings: 1Q Net Sales Forecast Misses Estimates Amidst Inventory Correction Despite Resilient Operating Model

By | Earnings Alerts
  • Microchip forecasted net sales for 1Q range between $1.22 billion to $1.26 billion, falling short of the estimated $1.34 billion.
  • The projected adjusted gross margin stands at 59% to 61%, closely matching the estimate of 60.3%.
  • 4Q results showed an adjusted EPS of 57c, which correlates with the estimated figure, showing a drop from $1.64 year-on-year.
  • The adjusted gross margin for 4Q was 60.3%, a decline from the previous 68.3% year-on-year.
  • Research and Development expenses amounted to $240.3 million, marking a 19% decrease year-on-year, and coming in below the estimated $260 million.
  • Net sales for 4Q were at $1.33 billion, a hefty 41% drop off year-on-year.
  • Expected capital expenditures for the forthcoming quarter (ending June 30, 2024) are anticipated to fall between $60 million and $70 million.
  • The company experienced a substantial inventory correction in fiscal 2024, which resulted in a 9.5% decrease in revenue to $7.6 billion.
  • Despite severe challenges, the company was able to maintain a non-GAAP operating margin of 43.9% due to its resilient operational model and quick adaptation to adverse business conditions, as stated by Ganesh Moorthy, President and CEO.
  • Regardless of near-term hurdles, the company remains confident that its solutions will continue to serve as the innovation engine for its target markets, with strong emphasis on Total System Solutions and major trends driving potent design win momentum.
  • The current analyst recommendations include 17 buys, 8 holds and no sells.

Microchip Technology on Smartkarma

Analysts on Smartkarma have varying sentiments on Microchip Technology‘s recent performance and future prospects. Baptista Research, in their report “Microchip Technology: How Their Latest Innovations Are Set to Dominate the Market! – Major Drivers,” highlighted the company’s challenges in the face of dropping net sales but noted resilient margins. They also aimed to independently assess the company’s valuation using the Discounted Cash Flow method.

Contrastingly, Andrew Lu presented a bearish view in “From the Bellwether to a Lagging Indicator – Why Does Microchip Guide the Worst Among All?” Lu expressed preference for Intel and Qualcomm over Microchip for the next six months, attributing Microchip’s struggles to its heavy reliance on automotive, industrial, and digital consumer sectors. Lu estimated a significant y/y sales decline for 2024 and suggested that the current price might not fully reflect the challenges the company faces.


A look at Microchip Technology Smart Scores

FactorScoreMagnitude
Value2
Dividend3
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

Microchip Technology Incorporated, a leading company in the microcontroller industry, has received a strong overall outlook based on Smartkarma Smart Scores. With a Growth score of 5, the company is poised for significant expansion in the long term, indicating a positive trajectory for future development and prosperity. Furthermore, a Momentum score of 4 suggests strong market performance and investor interest, showcasing stability and potential for continued success.

Although Microchip Technology scored lower in Value and Resilience, with scores of 2, its competitive strengths in Growth and Momentum indicate a promising outlook. With a solid foundation in designing and manufacturing innovative products for high-volume embedded control applications, the company is well-positioned to capitalize on future market opportunities and maintain a competitive edge 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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Fidelity National Info Serv (FIS) Earnings: 1Q Adjusted EBITDA Boasts $1.16B with Confirmed Full-Year Outlook

By | Earnings Alerts

• Fidelity National reported First-Quarter Adjusted Ebitda of $1.16 billion

• Revenue for this period was $2.47 billion

• Banking Solutions generated revenue of $1.68 billion

• Capital Markets department achieved revenue of $706 million

• Corporate and other revenue came up to $77 million

• The company reaffirmed the full-year revenue and adjusted EBITDA outlook

• Fidelity National raised its full-year adjusted EPS outlook by $0.22

• Current consensus stands at 19 buys, 13 holds, and 0 sells by market experts


Fidelity National Info Serv on Smartkarma

On Smartkarma, a platform for independent investment research, analysts from Baptista Research have provided coverage on Fidelity National Information Services (FIS). In a report titled “Digital Sales and Money Movement Capabilities Driving Demand!” by Baptista Research, FIS’s Q4 2023 earnings were highlighted, showcasing significant progress despite economic uncertainties and challenges posed by the banking crisis and inflation. The report applauds FIS’s strategic actions and focus renewal, including a major sale of Worldpay to GTCR, enhancing growth and operational opportunities for both entities.

Another report by Baptista Research, “Catering Beyond Financial Giants – What’s Their Secret?” sheds light on FIS Inc.’s recent performance, noting a slight miss on Wall Street’s revenue and earnings expectations. However, the company saw a 4% organic revenue increase, driven by a substantial 7% growth in recurring revenue within the Banking and Capital Markets segments. FIS Inc. also showcased strong free cash flow conversion, hitting an impressive 94% year-to-date and on track to surpass their 2023 target. Despite some setbacks, FIS Inc. demonstrates resilience and potential for continued growth.


A look at Fidelity National Info Serv Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth2
Resilience2
Momentum5
OVERALL SMART SCORE3.0

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

Analysts utilizing Smartkarma Smart Scores have indicated a positive long-term outlook for Fidelity National Information Services, Inc. based on its overall scores in key factors. The company has achieved a solid rating in Value and Dividend, showcasing stability and potential for returns. However, its Growth and Resilience scores suggest room for improvement in these areas. Notably, Fidelity National Info Serv excels in Momentum, reflecting strong market dynamics and performance.

Fidelity National Information Services, Inc. operates as a payment services provider, offering a range of financial solutions to both institutions and merchants. With a balanced performance across different criteria according to Smart Scores, the company appears well-positioned to capitalize on its strengths and address areas for enhancement 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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