Category

Smartkarma Newswire

Hitachi Construction Machinery (6305) Earnings: 4Q Net Income Misses Estimates Despite Shares Rising

By | Earnings Alerts
  • Hitachi Construction’s net income for the 4th quarter missed estimates, reaching 22.22 billion yen lower than the estimated 22.81 billion yen.
  • The net sales too missed the mark slightly, totalling 385.56 billion yen, with the estimated figure standing at 386.12 billion yen.
  • Despite these results, the shares rose by 2.4 %, to 4,658 yen with 987,600 shares traded on the market.
  • The overall market sentiment remained positive, with 8 buy ratings, 6 hold ratings, and surprisingly no sell ratings.

A look at Hitachi Construction Machinery 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

Hitachi Construction Machinery Co., Ltd. is positioned for a positive long-term outlook based on its Smartkarma Smart Scores. With strong ratings in Growth and Momentum, the company demonstrates potential for future expansion and a positive market performance. The high score in Dividend also indicates a commitment to rewarding shareholders, enhancing its attractiveness for investors seeking income. However, the lower score in Resilience suggests some vulnerability to economic fluctuations, which investors should consider when evaluating the stock.

Hitachi Construction Machinery, a subsidiary of Hitachi, Ltd., specializes in developing, manufacturing, and selling construction machinery globally. Their diverse product range, which includes excavators, cranes, loaders, and bulldozers, highlights their presence across various sectors of the construction industry. Overall, with a solid foundation in place and strong Growth and Momentum scores, Hitachi Construction Machinery shows promise for sustained growth 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

Waste Management 1Q Earnings Soar, Adjusted EPS Beat Estimates by a Strong Margin

By | Earnings Alerts
  • WM delivered a strong Q1 performance with an adjusted EPS of $1.75, a considerable beat compared to the estimated $1.51 and last year’s $1.31.
  • The operating revenue for the quarter was $5.16 billion, a 5.5% increase year on year. However, this fell below the estimated $5.22 billion.
  • The collection revenue hit $3.62 billion, marking a 7.2% rise compared to the same quarter last year, although it didn’t meet the estimated revenue of $3.79 billion.
  • Landfill revenue also surged by 2.2% year on year, reaching $1.18 billion, which was slightly less than the estimate of $1.21 billion.
  • Transfer revenue grew by 3.7% compared to last year reaching $560 million. However, it fell short of the estimated $571 million.
  • Recycling revenue noted a modest 2.8% increase with $368 million, still below the projected $422.2 million.
  • Adjusted operating EBITDA for the quarter was robust at $1.53 billion, a 15% increase year on year, and higher than the projected $1.48 billion.
  • The adjusted operating EBITDA margin was 29.6%, higher than the estimated 28.2% and last year’s 27.2%.
  • A major surge was recorded in free cash flow at $714 million, which is an 81% increase year on year, and considerably higher than the estimated $391.3 million.
  • The analysts’ consensus pointed towards more positive assessments with 10 buys, 11 holds, and only 1 sell.

Waste Management on Smartkarma

Waste Management, Inc. has been under the analyst spotlight on Smartkarma, with coverage from Baptista Research shedding light on the company’s recent performance and outlook. In one report, titled “Waste Management Inc.: Is There A Negative Impact Of Inflation and The Changing Dynamic Of Sustainability-Related Capital Expenditures? – Major Drivers,” the analyst notes the company’s strong end to 2023, highlighted by a 15% increase in fourth quarter operating EBITDA. Despite exceeding full-year guidance, uncertainties surrounding economic conditions pose potential risks moving forward.

Another report, titled “Waste Management: Recycling Tech Transforms Business! Inside their Next-Gen Sustainability Approach! – Major Drivers,” highlights Waste Management‘s mixed quarterly results. While revenues fell short of market expectations, the company outperformed in earnings, driven by solid waste business resilience. Positive organic revenue growth in collection and disposal, alongside encouraging trends in commercial and special waste volumes, underscore the company’s operational strengths in navigating evolving market dynamics.


A look at Waste Management Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
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

Waste Management, Inc., a leading provider of waste management services in North America, exhibits a mixed outlook based on Smartkarma Smart Scores. With solid momentum and strong growth potential, the company seems poised for substantial long-term advancement. The high momentum score reflects the company’s ability to maintain an upward trend in performance, indicating a positive market sentiment. Additionally, the impressive growth score underscores Waste Management‘s potential for expansion and development within the waste management industry.

However, the company’s scores in value, dividend, and resilience are more moderate, suggesting areas for potential improvement. While not scoring as high in these categories, Waste Management still maintains a sturdy foundation due to its established market presence and diverse customer base. Overall, Waste Management‘s Smart Scores indicate a promising future outlook predominantly driven by its growth prospects and strong momentum 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

Wal-Mart de Mexico SAB de CV (WALMEX*) Exceeds Earnings Expectations with 1Q Net Income and Revenue Surges

By | Earnings Alerts
  • Walmex’s net income for the 1st quarter surpassed estimates, reaching MXN13.18 billion compared to the projected MXN12.93 billion.
  • Revenue also exceeded expectations at MXN226.19 billion, over the estimated MXN223.4 billion.
  • The basic earnings per share (EPS) was slightly more than anticipated, at MXN0.76 versus the estimated MXN0.75.
  • Operating income stood at MXN19.17 billion, higher than the forecasted MXN18.7 billion.
  • Regarding stock recommendations, there were 12 buys, 6 holds, and only 1 sell on Walmex’s shares.

A look at Wal-Mart de Mexico SAB de CV Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth3
Resilience4
Momentum2
OVERALL SMART SCORE3.0

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

Analysts using the Smartkarma Smart Scores have provided insights into the long-term outlook for Wal-Mart de Mexico SAB de CV. With a strong Dividend score of 4, the company shows promise in rewarding its investors. Additionally, a Resilience score of 4 indicates the company’s ability to withstand economic challenges. However, with a Value score of 2 and Momentum score of 2, there may be areas for improvement in terms of valuation and market momentum. The Growth score of 3 suggests moderate potential for expansion in the future.

Wal-Mart de Mexico SAB de CV, a retail giant, operates a variety of store formats including Wal-Mart Supercenters, Sam’s Club outlets, Bodega discount stores, and Superama supermarkets. This diverse portfolio positions the company well in the retail sector, catering to a wide range of consumer needs and preferences.


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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

Tyler Technologies (TYL) Earnings Exceed Expectations: Strong Q1 Results with Adjusted EPS Beating Estimates

By | Earnings Alerts
  • Tyler Tech reported an adjusted EPS of $2.20 for Quarter 1, exceeding the previous year’s $1.76 and an estimated $2.04.
  • The total revenue for the period was marked at $512.4 million, surpassing an estimate of $455.1 million.
  • Software Licenses & Royalties revenue saw a decline of 14% year on year, amounting to $8.73 million, coming slightly under the approximated $9.33 million.
  • Subscription revenue showed an increase of 12% year on year, racking up $313.2 million, slightly undershooting an estimate of $315.8 million.
  • Maintenance revenue also saw a rise, growing at 1.8% year on year and hitting $117.2 million which is higher than the estimated $113.7 million.
  • Hardware & Other revenue observed a notable increase of 61% year on year, standing at $8.36 million, higher than an estimate of $6.55 million.
  • Professional services revenue similarly rose, with a year on year increase of 6.4%, culminating in $64.8 million, marginally better than the estimated $63.5 million.
  • Overall, the company received 15 buy ratings, 4 hold ratings and no sell ratings.

Tyler Technologies on Smartkarma

Analyst coverage of Tyler Technologies on Smartkarma has been positive, with reports indicating promising growth prospects. Baptista Research‘s report titled “Tyler Technologies: Growing Cloud Transactions & 5 Key Growth Catalysts! – Financial Forecasts” highlights the company’s strong Q4 results, marking a successful end to 2023. The report emphasizes Tyler’s progress in its cloud transition, with earnings and cash flow exceeding expectations. Notably, recurring revenues grew by 8%, representing 84% of total revenues.

In another report by Baptista Research, “Tyler Technologies Inc.: Can The Acquisition Of ARInspect Be A Game Changer? – Major Drivers,” the analysis discusses mixed results in the previous quarter, attributing the revenue shortfall to analyst consensus. However, the report points out a significant increase in the recurring revenue mix to 83.4%, driven by a notable 26% organic growth in SaaS revenues. Additionally, Tyler’s expansion through securing contracts with entities like the Naperville Police Department demonstrates its growing presence in the public safety market.


A look at Tyler Technologies Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth3
Resilience3
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

Analysts utilizing the Smartkarma Smart Scores for Tyler Technologies foresee a promising long-term outlook based on the company’s overall assessment. With a strong momentum score of 4, Tyler Technologies is showing positive signs of growth and stability. Its resilience score of 3 highlights the company’s ability to withstand market fluctuations, while the growth score of 3 indicates potential for future expansion. Although the value score is rated at 2 and the dividend score at 1, the company’s strengths in momentum, resilience, and growth are key factors to consider for investors looking towards the future.

Tyler Technologies, Inc. stands as a provider of comprehensive information management solutions for local governments in various regions including the United States, Canada, Puerto Rico, and the United Kingdom. As indicated by its Smart Scores, the company exhibits strengths in momentum and resilience, suggesting a solid foundation for continued growth and stability 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

O’Reilly Automotive (ORLY) Earnings: FY EPS Forecast Boosted Despite Missing Estimates

By | Earnings Alerts
  • O’Reilly Automotive has increased its forecast for the FY EPS, which now ranges from $41.35 to $41.85, up from previous forecasts of $41.05 to $41.55. However, this falls short of the estimated $42.42.
  • The company’s predicted operating margin remains unchanged at 19.7% to 20.2%, hitting the estimated 20%.
  • Revenue estimates for the year also remain steady, between $16.8 billion and $17.1 billion, in line with the estimated $16.95 billion.
  • Comparable sales are still expected to increase by 3% to 5%, almost meeting the estimated increase of 4.1%.
  • Gross profit margin continues to be forecasted at 51% to 51.5%, matching the estimated 51.4%.
  • Cash from operating activities are projected to be between $2.7 billion and $3.1 billion, aligning with the estimated $2.97 billion.
  • Capital expenditure is forecasted between $900 million and $1.0 billion, close to the estimated $948.2 million.
  • First quarter results register EPS at $9.20, compared to the previous year’s $8.28, slightly below the estimated $9.29.
  • Sales for the first quarter reached $3.98 billion, a 7.2% y/y increase, barely missing the estimated $3.99 billion.
  • Comparable sales in the first quarter rose by 3.4%, compared to a 10.8% increase in the previous year, falling short of the estimated 4.03% increase.
  • Gross profit margin stood at 51.2%, up from 51% in the previous year, meeting the estimated 51.2%.
  • Operating income was $752.5 million, a 5% increase y/y, lower than the estimated $766.3 million.
  • Cash from operating activities was $704.2 million, a decrease of 1.3% y/y, narrowly surpassing the estimated $702.4 million.
  • The company’s store count at the end of the quarter was 6,217, up 3.1% y/y, slightly below the estimated 6,218.
  • Store square footage for the quarter was 47.14 million, a 4.5% increase y/y, exceeding the estimated 47.09 million.

O’Reilly Automotive on Smartkarma

Analyst coverage of O’Reilly Automotive on Smartkarma has highlighted positive sentiments regarding the company’s recent performance and expansion efforts. Baptista Research‘s report titled “O’Reilly Automotive: Expansion into Canada With Groupe Del Vasto Acquisition & Other Major Drivers” applauds the company for achieving robust results in the fourth quarter and full-year of 2023. The report mentions O’Reilly Automotive‘s strong growth trajectory and successful capitalization on industry trends, with a notable 7.9% increase in full-year comparable store sales. This bullish outlook indicates confidence in the company’s strategic direction and market positioning.

Value Investors Club also published a favorable report on O’Reilly Automotive, emphasizing the company’s significant presence in the automotive aftermarket parts and services sector. With over 6,000 stores across the US and Mexico, O’Reilly Automotive is recognized as one of the industry’s largest retailers and suppliers. The report underscores the company’s comprehensive offerings catering to both do-it-yourself customers and professionals servicing a wide range of vehicles. These analyses collectively present a positive outlook on O’Reilly Automotive‘s market position, growth prospects, and operational efficiency.


A look at O’Reilly Automotive Smart Scores

FactorScoreMagnitude
Value0
Dividend1
Growth4
Resilience5
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

Looking ahead, O’Reilly Automotive‘s long-term outlook appears promising based on the Smartkarma Smart Scores. With a solid Growth score of 4, indicating strong potential for expansion, and high Resilience and Momentum scores of 5 each, the company seems well-equipped to weather market challenges and maintain its positive trajectory. While O’Reilly doesn’t score high on the Value factor, its focus on delivering consistent growth and its ability to adapt to changing market conditions bode well for its future performance.

O’Reilly Automotive, Inc., a company that specializes in retailing and supplying automotive aftermarket parts, tools, supplies, equipment, and accessories, caters to both DIY customers and professional mechanics. With a strong presence across the United States, the company’s emphasis on growth, resilience, and momentum positions it favorably in the competitive automotive industry. Overall, O’Reilly Automotive‘s strategic approach and commitment to meeting the needs of diverse customer segments suggest a promising outlook for long-term 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

Universal Health Services B (UHS) Earnings: 1Q Adjusted EPS Surpasses Estimates, Boosted by Acute and Behavioral Health Care Services Revenues

By | Earnings Alerts
  • Universal Health reports a first-quarter adjusted EPS of $3.70, beating the estimated $3.14 and last year’s $2.34.
  • The company’s net revenue rose to $3.84 billion, up 11% from last year, surpassing the $3.77 billion estimate.
  • Adjusted admissions for the same facility acute care increased by 4.5%.
  • Acute Care Hospital Services on a same-facility basis saw net revenue of $2.11 billion, a 12% increase from the previous year.
  • The Behavioral Health Care Services’ same facility basis net revenue increased by 11% to reach $1.62 billion.
  • Adjusted net income went up by 51%, totaling $253.1 million, beating the estimated $214.4 million.
  • The company’s stocks are rated at 8 buys, 10 holds and 1 sell, suggesting a somewhat mixed opinion among investors.

A look at Universal Health Services B Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE2.8

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

Analysts from Smartkarma have evaluated Universal Health Services B using their Smart Scores system, which rates various aspects of the company’s outlook. Universal Health Services B has received a favorable score of 4 for Momentum, indicating strong positive market momentum. This suggests that the company may be experiencing an upward trend in its stock performance.

In addition, Universal Health Services B has also scored well in Value and Growth with scores of 3 for both factors. This signifies that the company’s stock may be undervalued and has the potential for future growth. Despite lower scores in Dividend and Resilience at 2 each, the overall outlook for Universal Health Services B appears promising for long-term investment opportunities.


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


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

Graco Inc (GGG) Earnings: 1Q Adjusted EPS Falls Below Expectations Amid Declining Sales

By | Earnings Alerts
  • Graco recorded an Adjusted EPS of 65c in its first quarter, which was lower than the estimate of 74c, as well as lower than the previous year’s figure of 74c.
  • The net sales for the company were reported at $492.2 million, marking a decline of 7.1% from the year before and falling short of the estimated $537.3 million.
  • Graco’s industrial sales, inclusive of intersegments, were locked in at $142.0 million; this was a 5.5% decline year on year and less than the estimated $155.6 million.
  • The company’s process net sales slid by 10% year on year to $120.2 million, falling short of the $138.4 million estimation.
  • Contractor net sales at Graco were recorded at $230.0 million, down by 6.5% year on year and lower than the estimate of $250.2 million.
  • The company is reaffirming its full-year revenue guidance of low single-digit growth on an organic, constant currency basis.
  • Despite witnessing a slight improvement in gross margins, lower sales volumes impacted operating earnings negatively in the quarter.
  • Despite a slow start to the year, the incoming order rates gained momentum as the quarter progressed.
  • The current market sentiment for Graco is mixed with 3 buy ratings, 7 hold ratings, and 2 sell ratings.

A look at Graco Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.2

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

Graco Inc., a company specializing in fluid management technology for industrial and commercial purposes, has received varied Smart Scores indicating its long-term outlook. With a growth score of 4 and resilience and momentum scores also at 4, the company seems to be on a solid path for future expansion and adaptability in the market. Graco’s products cater to a wide range of applications, including painting, cleaning, and maintenance, showcasing its versatility and potential for sustained growth.

However, with value and dividend scores at 2, Graco Inc. may face challenges in terms of perceived value and dividend payouts. Investors may need to carefully evaluate these aspects before making investment decisions. Overall, Graco Inc.’s focus on innovation and market responsiveness, as indicated by its growth, resilience, and momentum scores, bodes well for its long-term prospects in the fluid management technology 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

Servicenow Inc (NOW) Earnings: Adjusted EPS Exceeds in Q1, but FY Subscription Revenue Forecast Falls Short of Estimates

By | Earnings Alerts
  • NOW has narrowed its forecast for FY subscription revenue to $10.56 billion to $10.58 billion, which misses the estimated of $10.59 billion.
  • Subscription adjusted gross margin is expected to remain at 84.5%, below the estimated 84.6%.
  • The forecast for the second quarter sees subscription revenue between $2.525 billion to $2.53 billion, falling short of the $2.54 billion estimate.
  • First quarter results show adjusted EPS at $3.41, up from $2.37 y/y, beating the estimate of $3.16.
  • Adjusted revenue for Q1 was $2.60 billion, above the $2.58 billion estimate.
  • Q1 subscription revenue met expectations at $2.52 billion.
  • Professional Services & Other revenue stood at $80 million, over the estimated $74 million.
  • Adjusted gross profit was recorded at $2.17 billion, higher than the estimated $2.14 billion.
  • Adjusted gross margin came at 83%, just above the estimated 82.6%.
  • Subscription adjusted gross margin was reported as 86%, surpassing the estimated 84.7%.
  • The Professional Services & Other adjusted gross margin was 16%, well over the estimated 8.37%.
  • Remaining performance obligations are at $17.8 billion, exceeding the estimated $17.32 billion.
  • Current remaining performance obligation is $8.45 billion, a bit over the estimated $8.42 billion.
  • Free cash flow was at $1.23 billion, surpassing the estimate of $961.1 million.
  • As of March 31, 2024, cRPO (contract revenue to be recognized in the next 12 months) was $8.45 billion, showing a 21% YoY growth.
  • ServiceNow is investing $500 million in Saudi Arabia for business transformation, job creation, and digital skills development, including two dedicated in-country data centers.
  • During the quarter, the company bought back 225,000 shares of its stock for $175 million as part of its share buying program to manage dilution impact. An amount of approximately $787 million remains for future share buybacks under the current program.

Servicenow Inc on Smartkarma

Analysts on Smartkarma are optimistic about Servicenow Inc, with recent coverage highlighting key growth drivers for the company. Baptista Research‘s report, “ServiceNow Inc: The Increasing Scope Of Its Gen AI technology And Other Major Drivers,” emphasizes the company’s strong Q4 2023 earnings, fueled by artificial intelligence (AI). Servicenow reported robust subscription revenue growth of 25.5% and significant cRPO growth of 23%, outperforming its own guidance. The company also secured 168 deals exceeding $1 million in net new ACV, marking a 33% increase from the previous year.

Steven Holden‘s analysis, titled “ServiceNow, Inc: Global Funds Ramp Up Exposure,” highlights Servicenow’s increasing global fund ownership, reaching a record high of 20.6%. Despite this milestone, Holden suggests there is still room for broader market penetration compared to its technology sector peers. The positive rotation across all metrics driven by growth and aggressive growth managers signals a promising outlook for Servicenow’s continued expansion in the market.


A look at Servicenow Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
Resilience4
Momentum4
OVERALL SMART SCORE3.2

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

ServiceNow Inc, a company that provides IT management software, stands out with a promising long-term outlook based on its Smartkarma Smart Scores. With a top-notch Growth score of 5, Servicenow Inc is positioned for substantial expansion in the future. This indicates that the company is expected to experience significant growth opportunities in the coming years, making it an attractive investment option for those looking for long-term gains.

Furthermore, the company’s high scores in Resilience and Momentum, at 4 each, suggest that Servicenow Inc has strong staying power and is on a positive trajectory in the market. While the lower scores in Value and Dividend, at 2 and 1 respectively, indicate that the company may have room for improvement in these areas, the overall outlook remains optimistic for ServiceNow Inc as it continues to be a key player in the IT management software 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

Molina Healthcare Reports Robust 1Q Earnings: Adjusted EPS Surpassing Estimates and a Positive Outlook for 2024

By | Earnings Alerts
  • Molina’s 1Q adjusted EPS has surpassed estimates at $5.73 versus the estimate of $5.62 and a previous year figure of $5.81.

  • The revenue for this quarter was $9.93 billion, indicative of a 22% growth year over year; significantly higher than the projected $9.45 billion.

  • Medical care ratio stands at 88.5% as compared to 87.1% the previous year.

  • For the year 2024, the company has reassured that it expects its full year adjusted earnings per diluted share to reach at least $23.50. This represents an approximated 13% growth from the full year 2023.

  • Premium revenue for the full year is poised to reach approximately $38 billion, showing an increase of almost 17% from the full year 2023.

  • The company currently holds six buys, nine holds, and one sell.


A look at Molina Healthcare Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
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

Based on the Smartkarma Smart Scores, Molina Healthcare shows a promising long-term outlook. With high scores in Growth and Resilience, the company is positioned for future expansion and stability. The strong Momentum score indicates positive market sentiment and investor interest in the company’s potential. Although the Value and Dividend scores are lower, the overall outlook remains optimistic for Molina Healthcare.

Molina Healthcare Inc. is a managed care organization focusing on delivering health care services to individuals eligible for Medicaid and other low-income programs. With health plans in multiple states and primary care clinics, Molina Healthcare has established a significant presence in the healthcare industry. The company’s impressive Growth and Resilience scores suggest a resilient business model with potential for continued success and growth 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars

United Rentals (URI) Earnings Surge Past Expectations, Boasting 1Q Adjusted EPS Beat and Increased Revenue

By | Earnings Alerts

United Rentals‘ 1Q adjusted earnings per share (EPS) came in at $9.15, beating the estimated $8.40 and marking an increase from the previous year’s $7.95.

• The company reported a revenue increase of 6.1% year-over-year (y/y) to $3.49 billion, exceeding estimates of $3.44 billion.

• Rental revenue grew by 6.9% y/y to $2.93 billion, surpassing the estimated $2.9 billion.

• Service and other revenue saw a 13% y/y rise to $89 million, higher than the estimated $82.7 million.

• Contractor Supplies sales increased by 5.9% y/y to $36 million, slightly exceeding estimates of $35.1 million.

United Rentals sold a significant $383 million worth of rental equipment, much more than the estimated $44.6 million.

• Sales of new equipment came in at $48 million, a 9.1% y/y increase, defying estimates of $377.6 million.

• Adjusted Ebitda was $1.59 billion, a 5.6% y/y growth, beating the estimate of $1.55 billion.

• Adjusted Ebitda margin was 45.5%, slightly lower than the previous year’s 45.8%, but higher than estimates of 45.1%.

• For fiscal 2024, Yak is forecasted to provide a total revenue of approximately $300 million, adjusted EBITDA of around $140 million, operating cash flow of about $150 million, and free cash flow of roughly $50 million. Yak is also expected to add around $100 million of gross rental purchases to the company’s portfolio.

• According to Flannery, 2024 is meeting expectations, with updated full-year guidance reflecting the addition of Yak.

• Current analyst ratings for United Rentals stand at 9 buys, 7 holds, and 5 sells.


United Rentals on Smartkarma

On Smartkarma, a platform for independent investment research, analysts from Baptista Research have been closely covering United Rentals. In their report titled “United Rentals Inc: Increased Used Equipment Sales & Other Major Drivers,” the analysts shed light on the company’s record-breaking performance in the latest earnings report. President and CEO Matt Flannery emphasized the company’s customer-centric operational approach and safety measures that led to exceptional results in revenue, earnings, and returns. This positive sentiment underscores the strategic acquisition and integration efforts driving United Rentals‘ success.

In another report by the same analysts titled “United Rentals Inc.: Here Are The 3 Biggest Risks The Company Faces! – Major Drivers,” United Rentals‘ stellar performance in the recent quarter is highlighted with a remarkable 23% year-over-year surge in total revenue, exceeding $3.8 billion. The company’s Adjusted EBITDA also saw a significant increase of 22%, reaching $1.85 billion with a strong margin above 49%. The analysts point out the importance of adding personnel strategically to effectively integrate acquired companies into United Rentals, showcasing a bullish outlook on the company’s future despite potential risks.


A look at United Rentals Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience2
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

United Rentals, Inc. is set for a promising long-term outlook based on the Smartkarma Smart Scores assessment. With a stellar Growth score of 5, the company is projected to see robust expansion opportunities ahead. Combined with a Momentum score of 4, United Rentals shows strong positive price trends, indicating investor interest and potential stock price growth. While Value and Dividend scores stand at 2, pointing to moderate value and dividend attractiveness, the Resilience score of 2 suggests a moderate ability to weather market volatility. Overall, United Rentals’ outlook seems bright, particularly driven by its impressive Growth and Momentum scores.

As an equipment rental company catering to various sectors including construction, industrial, and commercial markets, as well as individual homeowners, United Rentals is positioned for continued growth and stability. Smartkarma Smart Scores reflect a favorable outlook, emphasizing the company’s potential for advancement and market performance. With a solid Growth score leading the pack, United Rentals is poised to seize opportunities in the rental industry. Investors may find United Rentals an appealing prospect for long-term investment growth given its positive ratings in Growth and 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars