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Smartkarma Newswire

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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Societe Generale Sa’s (GLE) Earnings Exceed Expectations: A Comprehensive Analysis of 1Q Net Income and other Assessments

By | Earnings Alerts
  • Net income for SocGen in 1Q was EU680 million, beating estimates of EU556 million though it represented a 22% year-over-year decrease.
  • Net banking income was EU6.65 billion, slightly down by 0.4% year-over-year, but higher than the estimated EU6.51 billion.
  • Global Banking & Investor Solutions saw a net banking income of EU2.62 billion, 5.1% less year-over-year, but above the estimated EU2.57 billion.
  • Global markets and investor services brought in revenue of EU1.76 billion, exceeding the expected EU1.73 billion.
  • FIC sales and trading revenue was down by 17% year-over-year at EU733 million, slightly under the estimated EU735.1 million.
  • Equities revenue rose by 3.1% year-over-year to EU870 million, beating the estimated EU842.9 million.
  • Security services reveue fell short of expected EU180.2 million, at EU161 million.
  • Financing and advisory revenue topped estimates at EU859 million, above the expected EU842.5 million.
  • France retail, private banking, and insurance net banking income was EU2.01 billion, down 3.5% year-over-year, matching the estimated figure.
  • International retail, mobility, and leasing services net banking income rose by 3.9% year-over-year to EU2.15 billion, outpacing the estimate of EU1.98 billion.
  • Operating expenses totalled EU4.98 billion, 1.5% less year-over-year, and less than the estimated EU5.05 billion.
  • Operating income stood at EU1.27 billion, down 12% year-over-year, but more than expected estimate of EU1.1 billion.
  • Provision for loan losses reached EU400 million, up from EU182 million year-over-year, and higher than the estimated EU377.3 million.
  • CET1 ratio fully-loaded came in at 13.2%, above the estimated 13%.
  • SocGen reduced its offshore exposure to Russia to around EU0.7 billion, down from EU0.9 billion at the end of 2023 (a decrease by 22%).
  • The integration of LeasePlan is on schedule, it generated revenue synergies worth EU20 million during the quarter, and SocGen is on track for their EU120 million target in 2024.

A look at Societe Generale Sa Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth2
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

Societe Generale SA seems to be in a strong position for the long term, as indicated by its Smartkarma Smart Scores. With high scores in Value and Dividend factors, the company appears to be financially sound and potentially offering good returns to investors. Although the Growth and Resilience scores are not as high, the company’s Momentum score suggests positive market sentiment and potential for future growth.

Overall, Societe Generale SA, a bank that offers a wide range of banking services including consumer credit, insurance, and financing, seems well-positioned for stability and profitability. The combination of high Value and Dividend scores, along with a decent Momentum score, indicates that the company may be a solid choice for investors looking for reliable returns over 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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Surpassing Expectations: Naver Corp (035420) Earnings Beat Estimates in 1Q Operating Profit

By | Earnings Alerts
  • Naver reported an operating profit of 439.3 billion won, surpassing the estimated 394.19 billion won.
  • The Net profit stood at 510.6 billion won, considerably outperforming the estimated 290.24 billion won.
  • The company’s sales reached 2.53 trillion won, slightly more than the estimated 2.51 trillion won.
  • There are currently 33 buy ratings, 3 hold ratings and 1 sell rating for Naver.

Naver Corp on Smartkarma

Analysts on Smartkarma, such as Douglas Kim, are closely monitoring Naver Corp‘s moves as they aim to complete the IPO of their affiliate, Webtoon Entertainment, in the US stock market. With an expected value of US$3 billion to US$4 billion, Webtoon Entertainment is anticipated to raise about US$500 million in this upcoming IPO. This development is projected to have a positive impact on Naver Corp‘s standing in the market, with many analysts leaning towards a bullish sentiment based on the potential outcomes.


A look at Naver Corp Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
Resilience4
Momentum2
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

Analysts utilising the Smartkarma Smart Scores for Naver Corp have evaluated the company’s various aspects to assess its long-term outlook. With a mixed score across different factors, Naver Corp is seen as having solid resilience and value, indicating a stable foundation and reasonable pricing. The company’s growth prospects are also perceived positively, albeit not as strongly. However, Naver Corp‘s dividend and momentum scores suggest room for improvement, possibly signaling areas where the company could focus on enhancing shareholder returns and market performance in the future.

Overall, Naver Corp is a prominent player in the internet industry, providing a wide range of services including search engines, online gaming, and content development. Additionally, the company offers marketing services through various advertising mediums. While displaying resilience and value, as highlighted by the Smart Scores, Naver Corp may look to further strengthen its dividend payouts and momentum to potentially enhance its overall performance and attractiveness to investors 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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AES Corp (AES) Earnings Report: 1Q Ebitda Falls but Net Income Rises Sharply Year on Year

By | Earnings Alerts
  • AES Andes 1Q EBITDA reported at $164.0M, indicating a decrease of 3.1% compared to the same period last year.
  • Net income stands at $63.3 million, displaying a massive jump of 95% compared to last year’s first quarter.
  • Revenue procured amounts to $599.3 million, revealing a 14% year on year slump.
  • No buys, holds or sells reported, implying potential stability or stagnation in the company’s marketplace performance.

A look at Aes Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE3.4

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

Analysts at Smartkarma have provided insights into the long-term outlook for AES Corp based on their Smart Scores. With a solid score of 5 for Growth and 4 for Momentum, the company seems poised for strong future expansion and market performance. This indicates a positive trajectory in terms of the company’s potential growth opportunities and its ability to maintain its current momentum in the market.

Additionally, AES Corp received a score of 4 for Dividend, signaling a favorable outlook for investors seeking stable dividend yields. While the Value and Resilience scores are at 2, suggesting some room for improvement in these areas, the overall outlook based on the Smart Scores indicates a promising future for AES Corp in the energy sector.

Summary: The AES Corporation is actively involved in acquiring, developing, and operating generation plants and distribution businesses worldwide. With a focus on long-term contracts and regulated utility services, AES also engages in coal mining, desalination processes, and the exploration of alternative energy sources.


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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Macquarie Group (MQG) Earnings: FY Net Income Misses Estimates – Analysis and Market Response

By | Earnings Alerts
  • Macquarie Group‘s net income for the financial year was reported to be A$3.52 billion.
  • This figure missed the estimated projection of A$3.65 billion.
  • The company declared a final dividend per share of A$3.85.
  • On market consensus, it received 7 ‘buy’ recommendations, 7 ‘hold’ recommendations, and 1 ‘sell’ recommendation.

A look at Macquarie Group 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

Macquarie Group Ltd., known for its diverse range of financial services, is poised for a positive long-term outlook based on its Smartkarma Smart Scores. With a solid growth score of 4 and robust momentum score of 4, the company shows promising signs of expansion and market performance. Additionally, a value score of 3 signifies a reasonable valuation, while a dividend score of 3 reflects stable returns to investors. However, Macquarie Group may face challenges in terms of resilience, with a score of 2 in this aspect. Overall, the company’s strong growth and momentum indicators suggest a favorable outlook in the long run.

Macquarie Group Ltd. is a key player in the banking and financial services sector, offering a wide array of services including financial advisory, investment management, and funds management. With a focus on financial advice, wealth management, and securities brokerage, the company caters to various client needs. Moreover, its involvement in corporate debt financing, real estate funds management, and investment funds management showcases its diverse capabilities. While demonstrating strength in growth and momentum, Macquarie Group‘s overall outlook, supported by its Smartkarma Smart Scores, appears optimistic for the 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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Alliant Energy (LNT) 1Q Earnings Meet Estimates; Maintains Optimistic EPS Forecast for 2024

By | Earnings Alerts
  • Alliant Energy‘s Q1 recorded revenue was $1.03 billion, marking a 4.3% decrease year-over-year, matching the estimate of $1.04 billion.
  • Non-Utility revenue remained constant at $22 million year-over-year.
  • Electric Utility revenue saw an increase of 3% year-over-year, netting $791 million.
  • There was a significant 18% increase year-over-year in Other Utility revenue which resulted in $13 million.
  • Gas Utility revenue dropped significantly by 26% year-over-year to $205 million.
  • Earnings Per Share (EPS) was recorded at 62 cents, compared to 65 cents in the same period last year.
  • Alliant Energy has restated the expected EPS for 2024 to be in the range of $2.99 to $3.13, matching the estimated value of $3.06.
  • The feedback from the market on Alliant is mixed but mostly neutral, with 5 buys and 8 holds, and no sells reported.

A look at Alliant Energy Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
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

Analysts using Smartkarma Smart Scores have assessed Alliant Energy Corporation’s long-term outlook based on key factors. With a solid score of 4 for Dividend and Momentum, the company is viewed favorably for its consistent dividend payouts and positive price momentum. This suggests a promising path for investors looking for stable returns and potential growth opportunities.

However, Alliant Energy‘s scores for Value, Growth, and Resilience are slightly lower, indicating room for improvement in these areas. The company operates as a public-utility service provider in the Midwest, offering electric, natural gas, and water services to customers in several states. Despite some areas for growth, the overall outlook for Alliant Energy remains positive, especially for investors seeking steady dividends and market momentum.


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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AES Corp (AES) Earnings: Q1 Adjusted EPS Surpasses Estimates, Projecting Steady Annual Growth Through 2027

By | Earnings Alerts

• AES Corp 1Q Adjusted EPS (Earnings Per Share) beat estimates with 50c vs the expected 22c y/y

• The Company’s revenue stood at $3.09 billion, representing a decrease of 4.8% y/y, which was slightly lower than the estimated $3.17 billion

• Capital expenditure increased by 38% y/y to $2.15 billion, significantly higher than the average estimate of $1.32 billion

• The Company reaffirms its expectation for annualized growth in Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of 5-7% through 2027 from its 2023 guidance of $2.6-$2.9 billion

• Projections for the 2024 Adjusted EBITDA with Tax Attributes are placed at $3.55-$3.95 billion, this growth is expected to be driven by new renewables

• Reaffirmation of the annualized growth target for Adjusted EPS of 7-9% through 2025, based on the year 2020

• The Company also sticks to its annualized growth target for Adjusted EPS of 7-9% through 2027 based on its 2023 guidance of $1.65-$1.75

• There are currently 10 buys, 4 holds, and 0 sells for AES Corp stock


A look at Aes Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE3.4

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

Based on the Smartkarma Smart Scores, Aes Corp is positioned for a positive long-term outlook. With a high score in Growth and Dividend, the company shows promising signs of expansion and profitability. This indicates strong potential for continued development and stable dividends for investors. Although scoring lower in Value and Resilience, the company’s momentum score is solid, suggesting a favorable market traction and performance.

The AES Corporation, a global entity with a diverse portfolio ranging from generation plants to alternative energy sources, presents a robust profile for investors. With a focus on providing electricity through long-term contracts and regulated utility services, the company also engages in coal mining and environmental initiatives such as water treatment. The high scores in Growth and Dividend indicate a promising future for Aes Corp, highlighting its potential for sustained growth and shareholder returns 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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Fairfax Financial Holdings Ltd (FFH) Earnings Miss Q1 Estimates Despite Growth in Written Premiums

By | Earnings Alerts
  • Fairfax Financial misses 1Q EPS estimates with an EPS of $30.82 against the estimated $39.62.
  • The Net income also fell short of the estimate; $776.5 million against the expected $1.21 billion.
  • Pretax profit recorded was $1.06 billion as opposed to the estimated $1.47 billion.
  • Gross written premiums surpassed estimates at $8.06 billion, higher than the estimated $7.74 billion.
  • Net premiums written were also higher than the estimates; $6.30 billion against $6.16 billion.
  • The Book value per basic share recorded was lower than expected at $945.44 instead of the estimated $968.53.
  • Net investment losses were registered at $58.5 million for the quarter.
  • Insurance revenue recorded for the quarter amounted to $7.69 billion.
  • The property and casualty insurance and reinsurance operations’ adjusted operating income increased to $977.1 million from $843.0 million in the first quarter of 2023. Overall, this reflects increased interest and dividends and strong core underwriting performance.
  • The constituent of net losses on investments mainly included mark-to-market losses on bonds amounting to $318.8 million due to rising interest rates. However, marked-to-market gains on common stocks did offset most of the losses, amounting to $275.1 million.
  • Gross premiums written showed a growth of 12.8% and net premiums written grew by 11.2%. This can be attributed to the acquisition of Gulf Insurance which added $649.5 million in gross premiums written and $334.0 million in net premiums written.

A look at Fairfax Financial Holdings Ltd Smart Scores

FactorScoreMagnitude
Value4
Dividend2
Growth5
Resilience2
Momentum5
OVERALL SMART SCORE3.6

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

Based on the Smartkarma Smart Scores, Fairfax Financial Holdings Ltd has a positive long-term outlook. With high scores in Growth and Momentum, the company is positioned well for future success. Fairfax’s focus on achieving a high rate of return on invested capital aligns with its strong growth outlook, indicating potential for long-term value creation. Additionally, its momentum score reflects the company’s current strength and positive market sentiment. While the scores for Dividend and Resilience are lower, the overall outlook remains optimistic given the robust performance in other key areas.

As a holding company involved in insurance, reinsurance, and investment management, Fairfax Financial Holdings Ltd is strategically positioned to capitalize on its strengths in growth and momentum. By prioritizing disciplined underwriting and total return investments, Fairfax aims to deliver above-average returns over the long term. This approach, coupled with its strong Growth and Momentum scores, suggests that Fairfax has the potential to continue building shareholder value and solidifying its position in the market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Ameren Corporation (AEE) Earnings: 1Q EPS Misses Estimates Amidst Reaffirmed 2024 Guidance

By | Earnings Alerts
  • Ameren reports 1Q EPS (Earnings per share) of 98c, missing y/y (year/year) estimates of $1.06.
  • The company’s operating revenue is reported at $1.82 billion, marking a 12% decrease y/y, further underperforming estimates of $2.11 billion.
  • Despite the missed revenue estimates, operating income is up 5.7% y/y to $371 million, albeit lower than the estimated $443.3 million.
  • Total assets have seen a increase by 8.5% y/y to $41.31 billion, marginally lower than the estimate of $41.44 billion.
  • A substantial capital expenditure of $890 million has also been reported for the year till now.
  • Ameren maintains its earnings guidance for 2024, projecting an EPS of $4.52 to $4.72, precisely around the estimate of $4.60.
  • The company comments on its commitment to disciplined cost management, expecting significant operations and maintenance expense reductions in the latter half of the year.
  • Current recommendations for Ameren’s stock stand at 5 buys, 9 holds, and 1 sell.

A look at Ameren Corporation Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
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

Based on Smartkarma Smart Scores, Ameren Corporation has received a fairly positive outlook. With a Dividend score of 4 and a Momentum score of 4, the company seems to be in a strong position in terms of rewarding its investors with dividends and showcasing positive price momentum. However, the Value, Growth, and Resilience scores are slightly lower, with 3, 3, and 2 respectively, indicating some room for improvement in these areas. Overall, Ameren Corporation appears to be a stable company with a focus on dividends and strong upward momentum.

Ameren Corporation, a public utility holding company operating in Missouri and Illinois, is primarily involved in the generation and distribution of electricity as well as natural gas. The company’s Smartkarma Smart Scores suggest a mixed outlook, with strengths in dividends and momentum, while value, growth, and resilience could be areas for potential enhancement. Investors considering Ameren Corporation may find its stable position in the public utility sector appealing, especially given its focus on providing essential services to customers in the Midwest region.


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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Consolidated Edison (ED) Earnings: 1Q Adjusted EPS Surpasses Estimates with Key Insight on Year Forecast

By | Earnings Alerts
  • Con Edison reports a healthy Q1 with its Adjusted EPS (Earnings Per Share) beating the estimates, reported at $2.15 compared to $1.83 last year, surpassing the anticipated $1.88.
  • Operating revenue, however, experienced a drop, registering $3.97 billion which is 9.8% lesser than the same period last year and below the estimated $4.26 billion.
  • The company’s forecast for the year remains stable, projecting an adjusted EPS in the range of $5.20 to $5.40, hovering around the anticipated figure of $5.31.
  • Exhibiting market confidence, Con Edison has received more ‘hold’ recommendations compared to ‘buy’ or ‘sell’ statuses. Specifically, it has received two ‘buy’ recommendations, eleven ‘hold’ recommendations, and five ‘sell’ recommendations.

A look at Consolidated Edison 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

Consolidated Edison, Inc., a company providing energy products and services, has received promising Smartkarma Smart Scores on various factors. With strong scores in Value, Dividend, Growth, and Momentum, the company demonstrates positive indicators for long-term performance. These high ratings suggest that Consolidated Edison is well-positioned in terms of its financial health, consistent dividend payouts, growth potential, and market momentum. However, the company has a lower score in Resilience, indicating a potential area of concern related to its ability to withstand economic challenges.

Consolidated Edison primarily operates in the energy sector, supplying electric service in several states and catering to both retail and wholesale customers. The combination of solid scores in key areas like Value, Dividend, Growth, and Momentum bodes well for the company’s future prospects. Investors may find Consolidated Edison to be an attractive option for long-term investment, given its favorable performance across these critical factors according to the Smartkarma Smart Scores.


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