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Smartkarma Newswire

Korea Zinc (010130) Earnings: 1Q Operating Profit Misses Estimates Amid 27% Y/Y Increase

By | Earnings Alerts
  • Korea Zinc‘s operating profit for the first quarter was 184.52 billion won, marking a 27% increase year-on-year.
  • This profit figure, however, fell short of the estimated 189.6 billion won.
  • The net income for the period was 106.83 billion won, a decrease of 24% compared to the same period last year.
  • This net income is also lower than the estimated 145.58 billion won.
  • Total sales for the quarter were 2.38 trillion won, a decline of 6% year-on-year.
  • The sales also did not meet the estimate set at 2.43 trillion won.
  • Investment ratings indicate 14 buys, 5 holds, and no sells for the company’s stock.
  • All comparisons to past results are derived from values reported by the company’s original disclosures.

Korea Zinc on Smartkarma

On Smartkarma, investment analyst Sanghyun Park has published a bullish report on Korea Zinc titled “Understanding & Assessing Yearend Dividend Arbitrage Structure Using Futures in Korea.” In this report, Park delves into the yearend dividend arbitrage trading framework using futures in the Korean market. He evaluates the current situational conditions, highlighting how SSFs trade at a discount based on anticipated dividends before the ex-dividend date. The analysis also indicates that the current dividend arbitrage yield for financial companies reflects a postponement of the ex-dividend date to the following year. Park advises monitoring companies with significant dividend arbitrage yields that have not amended their articles of incorporation this year.


A look at Korea Zinc Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience4
Momentum3
OVERALL SMART SCORE3.6

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

Based on the Smartkarma Smart Scores analysis, Korea Zinc appears to have a promising long-term outlook. The company has received strong scores in Value, Dividend, and Resilience, indicating favorable prospects in terms of its financial health, dividend payout, and ability to withstand market challenges. While its Growth and Momentum scores are slightly lower, Korea Zinc‘s focus on non-ferrous metal smelting positions it well to tap into the growing demand for these materials both domestically and internationally.

With a solid foundation in non-ferrous metal manufacturing, Korea Zinc Co., Ltd. is well-positioned to capitalize on its expertise in producing zinc ingots, gold, silver, lead, sulfuric acid, and copper. The company serves both local and global markets, showcasing its ability to adapt to changing economic conditions and maintain a strong presence in the industry. The combination of high scores in Value, Dividend, and Resilience suggests a stable and potentially rewarding investment opportunity for those considering Korea Zinc for their portfolio.


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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Formosa Petrochemical (6505) Earnings Report: 1Q Net Income Falls Short of Estimates

By | Earnings Alerts
  • Formosa Petro’s first quarter net income came in at NT$5.03 billion, underperforming the estimate of NT$5.94 billion.
  • The company’s earnings per share (EPS) was NT$0.53, lower than the estimated NT$0.64.
  • However, it managed to exceed revenue expectations, with NT$171.20 billion versus an estimated NT$170.75 billion.
  • Operating profit for the same period was significantly lower than anticipated – at NT$3.21 billion, compared to expectations of NT$5.88 billion.
  • In terms of investment ratings, Formosa Petro received three buys, eight holds and one sell.

A look at Formosa Petrochemical Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
Resilience4
Momentum2
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

Formosa Petrochemical Corp. is positioned to thrive in the long term, as indicated by its Smartkarma Smart Scores. With a strong Growth score of 5, the company is expected to expand and increase its market presence in the future. Additionally, Formosa Petrochemical demonstrates Resilience with a score of 4, indicating its ability to withstand market fluctuations and maintain stability. These factors point towards a promising outlook for the company in the years to come.

Although Formosa Petrochemical has room for improvement in certain areas such as Dividend and Momentum, with scores of 2 for both, its Value score of 3 suggests that there is potential for value investors. Overall, with a mix of solid growth prospects and resilience in the face of challenges, Formosa Petrochemical is well-positioned for long-term success in the refining and petrochemical 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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MRF Ltd (MRF) Earnings Drop 7.3% Despite Revenue Beat: Detailed 4Q Net Income Analysis

By | Earnings Alerts
  • MRF reported a net income of 3.8 billion rupees for the fourth quarter, marking a 7.3% decline compared to the last year.
  • The estimated net income for the quarter was missed, with predictions having been set at 5 billion rupees based on 2 estimates.
  • Revenue surpassed expectations, with MRF pulling in 62.2 billion rupees, a yearly increase of 8.6%. The estimate had been sighted at 61.97 billion rupees.
  • The quarter witnessed an increase in total costs by 9.6% y/y, resulting in 58 billion rupees.
  • Other income experienced a notable rise of 36%, culminating in 923.5 million rupees.
  • The company declared a dividend per share of 194 rupees.
  • Shares of MRF declined by 3.6%, trading at 0.13 million rupees on 16,126 shares traded.
  • The current analyst ratings stand at 1 buy, 2 holds and 7 sells.
  • All comparisons carried out are based on values reported by the company in its original disclosures.

A look at Mrf Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
Resilience4
Momentum3
OVERALL SMART SCORE3.0

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

Based on the Smartkarma Smart Scores, MRF Ltd shows a promising long-term outlook. With solid scores in resilience and value, the company demonstrates a strong capacity to withstand market fluctuations and maintains a reasonable valuation. Additionally, its growth and momentum scores indicate positive prospects for expansion and increasing market traction. While the dividend score is modest, the overall outlook for MRF Ltd looks promising, especially considering its focus on manufacturing tyres, tubes, and other related products for various vehicles.

MRF Ltd, known for its expertise in manufacturing tyres and tubes for automobiles and other vehicles, receives favorable Smartkarma Smart Scores, particularly in resilience and value. The company’s commitment to quality is evident through its rigorous testing processes on race and rally tracks, ensuring the durability and performance of its products. With a balanced profile across various factors, MRF Ltd appears well-positioned for sustained growth and success in the competitive automotive 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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Godrej Properties (GPL) Earnings Exceed Estimates: 4Q Net Income Surges Significantly

By | Earnings Alerts
  • Godrej Properties reported a 4Q Net Income of 4.71 billion rupees, surpassing the estimated 4.06 billion rupees.
  • The company’s revenue stood at 14.3 billion rupees, outperforming the predicted 10.43 billion rupees.
  • Total costs incurred were 13.5 billion rupees, experiencing a -0.7% change from the previous year.
  • Investment ratings for the company were mixed with 7 buys, 5 holds, and 7 sells.
  • Comparisons to past results are made based on values reported from the company’s original disclosures.

A look at Godrej Properties Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
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

Godrej Properties, Ltd. is a real estate development company that seems to be poised for impressive long-term growth. According to Smartkarma Smart Scores, the company has received high marks for Growth and Momentum, which indicates a positive outlook for its future prospects in the real estate industry. With a strong emphasis on growth and momentum, investors may view Godrej Properties as a promising investment opportunity for the long term.

Although the company scored lower in Value and Dividend factors, its high ratings in Growth and Momentum suggest that Godrej Properties is focused on expanding its market presence and capitalizing on emerging opportunities. With a balanced approach to resilience and a strong growth trajectory, Godrej Properties appears to be well-positioned to navigate market challenges and sustain its growth momentum in the years ahead.


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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IHG Earnings Analysis: 1Q Americas Rooms Meet Estimates as Global RevPAR and Occupancy Continue to Rise

By | Earnings Alerts

• InterContinental Hotels has met the estimated number of rooms for 1Q in the Americas with 519,766 rooms against an estimated 520,666.

• In the EMEAA, the actual number of rooms was 246,895, slightly below the estimated 249,534.

• The number of rooms in Greater China came out to 179,721, short of the estimated 180,995.

• There was a global RevPAR growth in the first quarter of 2024 by +2.6%, showing the effect of the hotel chain’s globally diverse footprint.

• The number of rooms in the Americas remained flat due to certain calendar timing issues despite having recovered strongly.

• Greater China displayed a growth of +2.5%, which is expected to benefit from the return of international inbound travel this year.

• Global occupancy experienced an increase, moving up to 62%.

• The average daily rate has further increased by +2% due to robust pricing which reflects the complete return of leisure, business, and group travel.

• The company received 2 buy, 10 hold, and 9 sell recommendations.


A look at InterContinental Hotels Group Smart Scores

FactorScoreMagnitude
Value0
Dividend2
Growth5
Resilience5
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

Analysts reviewing the Smartkarma Smart Scores for InterContinental Hotels Group foresee a promising future ahead. The company shines in areas such as growth and resilience, scoring the highest marks in those categories. This indicates a bright outlook for expansion and the ability to weather economic challenges. With a solid momentum score as well, InterContinental Hotels Group seems to have the drive to propel itself forward in the market.

InterContinental Hotels Group PLC, a company known for owning and operating a variety of hotel businesses, seems well-positioned to attract investors seeking growth potential and stability. Offering hotel loyalty and rewards programs globally, the company caters to a wide range of customers. Overall, with strong scores in growth, resilience, and momentum, InterContinental Hotels Group appears to be a solid choice for those looking for a promising long-term investment.


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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Surge in Nanya Technology (2408) Earnings: April Sales Reach NT$3.21B, Boosting Investor Confidence

By | Earnings Alerts
  • Nanya Tech reported April sales of NT$3.21 billion.
  • There was a significant increase in sales by 41.9%.
  • The company received 18 buy ratings from analysts.
  • No holds were observed, and there was 1 sell rating.

Nanya Technology on Smartkarma

Analysts on Smartkarma have differing views on Nanya Technology. Vincent Fernando, CFA, takes a bearish stance, highlighting that Nanya’s gross margin recovery is behind its peers, and the company is underperforming financially despite expected improvement in DRAM pricing through 2024E. In contrast, William Keating presents a bullish perspective, noting that Nanya’s revenue in Q124 increased significantly, although the company continues to face net losses. Keating emphasizes the positive impact of industry tailwinds on Nanya, such as focus on HBM and capacity shortages post-Taiwan earthquake.

With another insight from Vincent Fernando, CFA, suggesting that Nanya needs a significant rebound to meet consensus expectations, the analyst coverage provides valuable insights into the challenges and opportunities facing the company. Additionally, Fernando’s bullish outlook in another report highlights that while Nanya lags behind peers in certain areas, such as HBM products, the company is positioned to benefit from overall market dynamics and supply tightness in the DRAM sector.


A look at Nanya Technology Smart Scores

FactorScoreMagnitude
Value5
Dividend3
Growth2
Resilience4
Momentum2
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

Nanya Technology Corp. manufactures dynamic random access memories (DRAMs) and sells its products in Taiwan with a global export reach. Smartkarma Smart Scores indicate a promising long-term outlook for Nanya Technology. The company receives a top score of 5 for value, highlighting its attractive valuation metrics. Additionally, Nanya Technology scores well in resilience with a score of 4, showcasing its ability to withstand market fluctuations and challenges.

However, Nanya Technology scores lower in growth and momentum, receiving scores of 2 in both categories. This suggests that while the company has strong value and resilience, there may be room for improvement in terms of growth opportunities and market momentum. The moderate dividend score of 3 indicates a stable but not exceptional dividend performance. Overall, investors may find Nanya Technology a solid value investment with resilience but may seek higher growth potential elsewhere.

Would you like any additional information or analysis on Nanya Technology?


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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Legrand SA (LR) Earnings: Adjusted Operating Margin Misses Quarterly Estimates, Revenues and Net Income Deepen

By | Earnings Alerts
  • Legrand’s adjusted operating margin for the first quarter was 20.5%, missing the year-over-year estimate of 20.8%.
  • Organic revenue decreased by 5.4% compared to the estimated decrease of 3.65%.
  • Organic revenue in Europe decreased by 4.7%.
  • The North and Central America markets experienced a 6% organic revenue decrease.
  • Rest of the world markets saw a 5.8% decrease in organic revenue.
  • Adjusted operating profit was at EU415.9 million, a 13% decrease year-over-year, compared to the estimated EU424.7 million.
  • The company’s revenue was EU2.03 billion, a decrease of 5.6% year-over-year, with the estimate at EU2.06 billion.
  • Net income reached EU275.9 million, down by 17% year-over-year, missing the estimate of EU288.6 million.
  • Free cash flow was EU146.1 million, showing a year-over-year decrease of 56%, compared to the estimation of EU302.7 million.
  • For the year forecast, Legrand still aims for an adjusted operating margin of between 20% and 20.8%, with an estimate at 20.5%.
  • The group confirms full-year targets.
  • Legrand plans to acquire a minority stake in UIOT, a Chinese company specializing in wireless IoT smart-home solutions.

A look at Legrand SA Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience3
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

Legrand SA, a company specializing in electrical installation and information network products, shows a promising long-term outlook based on its Smartkarma Smart Scores. With strong scores in Growth and Momentum, indicating positive trends in company expansion and market performance, Legrand SA is positioned for future success. Additionally, its above-average scores in Dividend and Resilience suggest a stable financial standing and ability to withstand market challenges.

Overall, Legrand SA‘s Smart Scores paint a picture of a company with growth potential, financial stability, and a solid market presence. As a leader in products for residential, commercial, and industrial purposes, Legrand SA seems well-positioned to capitalize on opportunities in the evolving electrical and information networks 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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Danske Bank A/S (DANSKE) Earnings: 1Q Common Equity Tier 1 Ratio Surpass Estimates Amid Strong Credit Quality

By | Earnings Alerts
  • Danske Bank’s Common Equity Tier 1 ratio for the first quarter surpasses estimates, standing at 18.5% compared to the estimated 18.4%.
  • Impairments for the same quarter were significantly lower than expected, at DKK101 million, versus an estimate of DKK189.7 million.
  • The bank’s 2024 outlook suggests net profits are projected to stay within the DKK 20-22 billion range.
  • The first quarter of 2024 experienced high macroeconomic uncertainty, largely due to the geopolitcal landscape.
  • The result of this period is a 4% increase in total income. Furthermore, ongoing transformation and efficiency measures resulted in a 4% decrease in costs from the previous quarter.
  • The cost/income ratio improved, dropping to 45% in light of decreased costs and increased total income.
  • Overall, the bank’s income rose, due in part to notable customer activity across all its business operations. This, along with their diligent focus on efficiency, allowed costs to be kept minimal.
  • Strong credit quality led to a modest level of loan impairments.
  • Danske Bank’s performance overview includes 15 buys, 5 holds and 3 sells.

A look at Danske Bank A/S Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth5
Resilience2
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

Based on Smartkarma Smart Scores, Danske Bank A/S is positioned favorably for long-term success. With top scores in Value, Dividend, and Growth factors, the company is seen as strong in terms of its financial health, shareholder returns, and potential for expansion. However, there are some concerns regarding Resilience and Momentum, indicating areas where the company may face challenges or where improvements could be made.

Danske Bank A/S, a Danish banking group consisting of various subsidiaries, offers a range of financial services to private customers, corporations, and institutions globally. With a solid foundation in banking, insurance, mortgage, and asset management, the company is well-positioned to continue its growth and profitability, supported by its high scores in key areas according to the Smartkarma Smart Scores evaluation.


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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Daimler Truck Holding (DTG) 1Q Earnings Exceed Expectations: A Detailed Overview of Adjusted EBIT and Revenue Performance

By | Earnings Alerts
  • Daimler Truck’s 1Q adjusted EBIT has exceeded the forecasts, reaching EU1.21 billion against the projected figure of EU1.18 billion.
  • The adjusted EBIT for Trucks North America also surpassed the estimated value, with EU724 million compared to the predicted EU689.7 million.
  • Mercedes-Benz consolidated its predictions, finishing with an adjusted EBIT of EU421 million, close to the anticipated EU421.7 million.
  • Trucks Asia adjusted EBIT was EU49 million, slightly below the expected EU53.3 million.
  • Daimler Buses division performed well, reaching an adjusted EBIT of EU59 million.
  • The total revenue was EU13.26 billion, which is notably higher than the forecasted figure of EU12.72 billion.
  • Trucks North America revenue was EU5.81 billion, almost similar to the estimated EU5.82 billion.
  • Mercedes-Benz revenue increased to EU4.83 billion, surpassing the estimate of EU4.67 billion.
  • The revenue for Trucks Asia was EU1.51 billion, short of the predicted EU1.56 billion.
  • Daimler Buses revenue boosted to EU1.18 billion, exceeding the anticipated EU1.01 billion.
  • The company reaffirmed their full year guidance as previously revealed in March.
  • Despite facing decreased sales volumes, the company had a strong start to 2024 due to robust profitability.
  • Despite being on target towards the financial objectives for the year, there is a warning of increasing headwinds in Europe as stated by CEO Martin Daum.

A look at Daimler Truck Holding Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth5
Resilience2
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, Daimler Truck Holding shows a promising long-term outlook. With a strong Growth score of 5 and Momentum score of 5, the company is poised for expansion and market performance. Additionally, the Dividend score of 4 indicates a potential for good returns to shareholders. Despite a slightly lower Resilience score of 2, Daimler Truck Holding’s overall outlook appears positive, especially with these high scores in key areas driving its future prospects.

Daimler Truck Holding AG, known for designing and manufacturing commercial trucks and buses, operates globally, catering to a wide range of customers. With its solid Growth and Momentum scores, as well as a respectable Dividend score, Daimler Truck Holding seems positioned for growth and shareholder value in the long run. While its Resilience score is not as high, the company’s core strengths in growth and momentum could be key factors in its future success.


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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Credit Agricole Sa (ACA) Earnings Surpass Estimates with 55% Jump in Net Income

By | Earnings Alerts
  • Credit Agricole’s net income for the first quarter of the year was EU1.90 billion, marking a 55% year-on-year increase that exceeded the EU1.5 billion estimates.
  • The income from Large Customers surged by 92% year-on-year, hitting EU722 million and surpassing the estimate of EU482.5 million.
  • Asset Gathering income rose by 2.6% year-on-year to EU716 million, slightly above estimated EU652.5 million.
  • Specialised Financial Services noted a 12% year-on-year increase in net income to EU142 million, albeit falling short of the EU168.6 million estimate.
  • French Retail Banking net income rose 15% year-on-year to EU173 million, but failed to meet the EU193.1 million estimate.
  • International Retail Banking net income was EU257 million, marking a 44% year-on-year increase that exceeded the EU174 million estimates.
  • Overall company revenue was EU6.81 billion, reflecting an 11% year-on-year increase and surpassing the EU6.46 billion estimate.
  • Operating expenses decreased by 4.5% year-on-year to EU3.67 billion, beating the EU3.73 billion estimates.
  • The provision for loan losses was EU400 million, indicating a 7% year-on-year rise but lower than the EU509.4 million estimate.
  • The CET1 ratio was 11.8%, surpassing the estimate of 11.6% for the period.
  • Additionally, the cost-to-income ratio excluding SRF declined slightly to 53.9% from 54.4% the previous year.
  • Credit Agricole noted that the earnings outlook for 2024 is one year ahead of 2025 medium-term ambitions, with underlying net income group share predicted to exceed EU6 billion in 2024.

A look at Credit Agricole Sa Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE4.2

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

Analysts at Smartkarma have assigned Credit Agricole S.A. positive scores across various key factors, indicating a generally optimistic long-term outlook for the company. With top scores in both the Value and Dividend categories, Credit Agricole S.A. demonstrates strong financial fundamentals and a commitment to rewarding shareholders through dividends. Moreover, a solid Growth score suggests potential for expansion and development in the future. However, a lower Resilience score may point towards some vulnerabilities that the company needs to address to enhance its stability. Nonetheless, a high Momentum score indicates strong positive market sentiment and performance.

Credit Agricole S.A. serves a crucial role as the lead bank of the Credit Agricole Group, overseeing strategic operations, ensuring financial strength, and managing specialized financial products. The company’s collaborative approach with its subsidiaries, particularly the Caisses Regionales, illustrates a cohesive and effective business model. With a balanced mix of high-value, dividend payout, growth potential, and market momentum, Credit Agricole S.A. is poised to navigate the evolving financial landscape and capitalize on future 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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