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Smartkarma Newswire

Ford Motor Co (F) Outstrips 1Q Earnings Estimates, Ups Yearly Financial Forecast

By | Earnings Alerts

Ford 1Q Adjusted EPS Beats Estimates

  • Adjusted EPS for Ford clocked in at 49c, beating the estimated 42c.
  • Ford reported total revenue of $42.78 billion for the first quarter.

Year Forecast Updates

  • Ford’s estimated adjusted free cash flow has increased, now expected between $6.5 billion and $7.5 billion, compared to the previous forecast range of $6 billion to $7 billion.
  • Projected capital expenditure is now between $8 billion and $9 billion, previously expected between $8 billion and $9.5 billion, with the original estimation being $8.59 billion.
  • The adjusted Ebit remains the same, forecasted between $10 billion and $12 billion, with the original estimate at $10.45 billion.

Comments

  • Ford’s CFO, John Lawler, has expressed confidence in the company’s financial stability, describing their balance sheet as “rock solid.”
  • At the end of the quarter, Ford had $25 billion in cash and nearly $43 billion in liquidity.
  • The company’s FY Adjusted Ebit Forecast was reaffirmed.

Buy, Hold, Sell Recommendations

  • There’s more cautious optimism amongst investors, with 11 buy recommendations, 14 hold, and 4 sell.

Ford Motor Co on Smartkarma

Analysts on Smartkarma, such as Baptista Research, are closely following Ford Motor Co‘s trajectory, particularly in the electric vehicle (EV) market. In their report titled “Ford Motor Company: Multifaceted Approach to the Current EV Market,” Baptista Research expresses a bullish sentiment towards Ford’s strategies. The report highlights CEO Jim Farley’s positive assessment during the fourth-quarter 2023 earnings call, emphasizing the company’s strong performance and increased focus on hybrid and electric vehicles. Ford’s success is evident with a 20% surge in hybrid sales in the previous year, a trend that is expected to continue with a projected 40% increase in the upcoming year.


A look at Ford Motor Co Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE4.0

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 at Smartkarma have evaluated Ford Motor Co using their Smart Scores, which provide a comprehensive overview of the company’s long-term prospects. Ford Motor Co has received a high score of 5 in both Dividend and Growth categories, indicating strong potential in terms of dividend yield and future growth opportunities. With a solid score of 4 in Value, the company is also deemed to have a favorable valuation compared to its peers. However, Ford Motor Co‘s lower score of 2 in Resilience suggests some vulnerability in dealing with economic uncertainties, while a score of 4 in Momentum indicates decent market performance and investor sentiment.

Overall, Ford Motor Co‘s robust performance in Dividend and Growth highlights its potential for generating shareholder returns and expanding its market presence. Despite facing challenges in resilience, the company’s strong momentum reflects positive market sentiment. As Ford Motor Company designs, manufactures, and services cars and trucks while also offering vehicle-related financial services, the company’s strategic positioning and favorable Smart Scores indicate a promising outlook for long-term investors.


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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Rollins Inc (ROL) Earnings: Strong 1Q Revenue Surpasses Estimates with 14% YoY Growth

By | Earnings Alerts
  • Rollins’ revenue for the first quarter surpassed estimates, reaching $748.3 million, a 14% increase year over year.
  • The estimate for the revenue had been $740.7 million.
  • Earnings per share (EPS) is 19 cents, which is an increment from 18 cents year over year.
  • The company’s cash and cash equivalents stand at $113.0 million, showing a minor increase of 0.4% year over year.
  • The adjusted EPS is 20 cents.
  • Ratings for Rollins are mixed, with 5 buys, 5 holds, and 1 sell.

A look at Rollins Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.0

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

Rollins Inc, the leading provider of pest control services through its subsidiary Orkin Exterminating Company Inc, shows a promising long-term outlook based on the Smartkarma Smart Scores. With a strong emphasis on growth and momentum, the company is positioned to capitalize on expanding market opportunities and maintain its upward trajectory. Combined with a solid resilience score, Rollins demonstrates its ability to weather challenges and adapt to changing market conditions.

Although the value and dividend scores are moderate, the higher ratings in growth and momentum suggest that Rollins Inc has significant potential for future expansion and performance. Given its essential role in protecting customers from pests and termite damage in the US, Canada, and Mexico, Rollins continues to establish itself as a reliable player in the industry with a favorable outlook for sustained growth and 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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IBM Agrees to Buy HashiCorp: 1Q Earnings Show 1% Revenue Increase and Significant Free Cash Flow Growth

By | Earnings Alerts
  • IBM’s first quarter revenue has increased by 1.5% to $14.46 billion from level a year ago.
  • Software revenue saw a more substantial growth of 5.5%, reaching $5.90 billion.
  • The consulting segment revenue suffered a minor decrease of 0.2%, standing at $5.19 billion.
  • Infrastructure revenue also saw a decrease, down 0.7% to $3.08 billion.
  • Financing revenue dropped 1.5% to $193 million while other revenue faced a 36% decrease to $108 million.
  • The adjusted gross margin has improved to 54.7% from 53.7% a year ago.
  • The operating EPS also experienced growth, rising from $1.36 to $1.68.
  • Free cash flow has seen significant growth of 43% to $1.91 billion.
  • IBM continues to forecast a free cash flow of about $12 billion for the year.
  • The company also maintains forecast of a constant currency revenue growth, consistent with its mid-single digit model.
  • According to CEO Arvind Krishna, IBM began the year with solid revenue and free cash flow growth, reflecting the strength of their hybrid cloud and AI strategy.
  • The company’s book of business for watsonx and generative AI showed strong momentum, growing quarter over quarter, and has now exceeded one billion dollars since the launch of watsonx in mid-2023.
  • IBM has agreed to acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion.
  • The merger of IBM’s and HashiCorp’s combined portfolios are intended to help clients manage growing application and infrastructure complexity as well as create a comprehensive hybrid cloud platform designed for the AI era.

HashiCorp on Smartkarma

Analyst coverage of HashiCorp on Smartkarma has been quite positive, as highlighted by reports from Baptista Research. In their report titled “HashiCorp Inc: Impact of Optimization Cycle Recovery on Growth Rate! – Key Drivers,” the analysts noted significant improvements in HashiCorp’s financial performance based on the Q4 2024 earnings call. The company exceeded expectations with revenues reaching $156 million, indicating a strong 15% year-on-year growth trajectory.

Baptista Research further emphasized HashiCorp’s potential in their report “HashiCorp Inc: Initiation of Coverage – AI-Powered Business Boom! Discover How HCP Is Harnessing AI to Skyrocket App Development! – Major Drivers.” This report delved into HashiCorp’s cloud infrastructure automation offerings and analyzed its third-quarter fiscal 2024 financial results. The analysts conducted a fundamental analysis of the company’s historical financial statements, highlighting the promising developments in leveraging AI for app development growth.


A look at HashiCorp Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth3
Resilience5
Momentum5
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

HashiCorp, Inc., a software company known for its open-source tools and commercial products, appears to have a positive long-term outlook according to Smartkarma Smart Scores. With a high Resilience score of 5, the company demonstrates strong stability and adaptability in the face of market changes, positioning it well for future challenges. Additionally, HashiCorp received a Momentum score of 5, indicating a strong upward trend in its performance, which bodes well for its growth potential in the coming years.

While HashiCorp scores lower in terms of Value and Dividend at 2 and 1 respectively, its Growth score of 3 suggests promising prospects for expansion and development. Overall, with a mix of solid resilience, positive momentum, and potential for growth, HashiCorp seems well-equipped to navigate the evolving landscape of cloud-computing infrastructure solutions and continue serving its global customer base effectively.


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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Lam Research (LRCX) Earnings Surpass Expectations as 3Q Adjusted EPS and System Revenue Beat Estimates

By | Earnings Alerts
  • Lam Research‘s Q3 Adjusted EPS beats estimates by reporting at $7.79 compared to the estimated $7.31 and $6.99 in the same quarter of the previous year.
  • The company had total revenue of $3.79 billion, which decreased by 2% year-over-year but surpassed the estimated revenue of $3.72 billion.
  • Systems revenue stands at $2.40 billion exceeding the estimate of $2.25 billion and representing a 6.2% year-over-year growth.
  • On the other hand, customer support-related revenue and other sources plunged 13% to $1.40 billion from the estimated $1.48 billion.
  • Adjusted gross margin increased significantly to 48.7% from 44% in the same quarter of the previous year and surpassed the estimated 48%.
  • The adjusted operating margin also reported a hike, marking 30.3% compared to the estimated 29.6% and 28.3% in the previous year.
  • Analysts seem to have a positive outlook on the stock with 20 buys, 11 holds and only 1 sell.

Lam Research on Smartkarma

Analyst coverage on Lam Research on Smartkarma showcases a mix of opinions from top independent analysts. Baptista Research highlights the company’s strong performance in the December quarter of 2023, with higher revenues, gross margin, operating margin, and EPS surpassing guided ranges. Despite a decline in overall wafer fabrication equipment spending, Lam Research nearly doubled its EPS compared to 2019.

On the contrary, William Keating‘s analysis paints a more cautious picture, noting that Lam Research‘s recovery seems to be stalling as the outlook remains subdued. With Q423 revenues slightly exceeding expectations but still down YoY, the memory market recovery is limited to specific areas, posing challenges for Lam Research and its peers. This mix of bullish and bearish sentiments provides investors with valuable insights to consider when evaluating Lam Research‘s prospects.


A look at Lam Research Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience4
Momentum5
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

An analysis of Lam Research Corporation utilizing the Smartkarma Smart Scores reveals a mixed long-term outlook. With a Growth score of 3 indicating moderate growth potential and a Resilience score of 4 showcasing strong stability, Lam Research seems well-positioned for the future. The company’s Momentum score of 5 suggests a positive trend in stock performance. However, the Value and Dividend scores both at 2 each may signal that the stock is currently not undervalued nor attractive for dividend investors.

Lam Research Corporation, a leading manufacturer of semiconductor processing equipment for integrated circuits, appears to have a solid foundation with its global reach and innovative products. While aspects like growth and resilience show promise, investors may want to consider other factors like value and dividends before making investment decisions in the company.


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

By | Earnings Alerts
  • For the first quarter, BioMarin’s Adjusted EPS outperformed estimates, reporting at 71c compared to the previous year’s 60c. The estimate for this period was 62c.
  • Naglazyme, one of BioMarin’s products, saw its revenue drop by 14% on a year-to-year basis, reaching $105.6 million. The estimate had been set at $111.1 million.
  • Voxzogo, another Drug produced by BioMarin, enjoyed a significant 74% increase in revenue year-on-year, matching the estimate precisely at $152.9 million.
  • The EPS for the quarter was 46c, surpassing last year’s 27c and exceeding the estimate of 32c.
  • Total revenue was reported at $648.8 million, marking an 8.8% increase year-on-year. However, this figure fell slightly short of the estimated $651.8 million.
  • BioMarin confirmed its total revenue guidance for the entirety of 2024. They also increased their Non-GAAP Operating Margin and Non-GAAP Diluted EPS predictions.
  • The company’s R&D asset review led to the fast-tracking and prioritisation of certain medicines believed to have the highest potential impact on patients.
  • Strong demand for Voxzogo, which is the only approved treatment for children with achondroplasia, along with solid contributions from established enzyme products, largely drove the quarterly results, according to Mr. Hardy.
  • Out of BioMarin’s 29 analysts, 20 have given a buy rating, 9 a hold, and none a sell rating.

Biomarin Pharmaceutical on Smartkarma

Analyst coverage of Biomarin Pharmaceutical on Smartkarma, the independent investment research network, shows positive sentiment. Baptista Research published two reports on Biomarin Pharmaceutical. In the first report titled “BioMarin Corporation: Will Its Strategic Portfolio Review Work? – Major Drivers,” it was highlighted that Biomarin Pharmaceutical experienced a 20% revenue growth in Q4 of 2023 compared to Q4 of 2022, with a total revenue growth of 15% for the whole of 2023. Additionally, non-GAAP earnings per share rose by 48% in Q4 2023, representing a 36% year-over-year increase. The second report, “BioMarin Pharmaceutical Inc.: Voxzogo Supply Constraints & Commercial Growth As A Growth Catalyst! – Key Drivers,” noted that the company delivered mixed results for the previous quarter, with revenues below analyst expectations but managed to beat earnings. Biomarin celebrated a robust 15% total revenue growth in the third quarter, driven by the success of Voxzogo, expected to be the company’s inaugural blockbuster product.


A look at Biomarin Pharmaceutical Smart Scores

FactorScoreMagnitude
Value3
Dividend1
Growth2
Resilience4
Momentum3
OVERALL SMART SCORE2.6

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

Based on the Smartkarma Smart Scores, BioMarin Pharmaceutical has a mixed long-term outlook. While it scores well in terms of resilience with a score of 4, indicating its ability to adapt and withstand market challenges, the company’s growth and momentum scores are lower, at 2 and 3 respectively. This suggests that BioMarin Pharmaceutical may face challenges in terms of future growth and maintaining market momentum.

Additionally, the company receives a moderate score of 3 for value, indicating that it may not be currently undervalued or overvalued. However, with a low score of 1 for dividends, investors looking for dividend income may not find BioMarin Pharmaceutical to be an attractive option in that regard. Overall, BioMarin Pharmaceutical’s long-term outlook is supported by its resilience, but potential investors should carefully consider its growth opportunities and dividend yield before making investment decisions.

### BioMarin Pharmaceutical Inc. develops and commercializes therapeutic enzyme products. The Company has applied its proprietary enzyme technology to develop products for lysosomal storage diseases and for the treatment of serious burns. BioMarin’s subsidiary provides analytical and diagnostic products and services in the area of carbohydrate biology. ###


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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Meta Platforms (Facebook) Earnings: Q1 Revenue Meets Estimates with Significant Rise in Advertising and Apps Revenue

By | Earnings Alerts
  • Meta Platforms reported 1Q revenue of $36.46 billion, up 27% year-on-year (y/y), very close to the estimated $36.12 billion.
  • Advertising accounted for most of this revenue, bringing in $35.64 billion – a 27% y/y increase which slightly overshoots the estimate of $35.57 billion.
  • Family of Apps also performed well with revenue of $36.02 billion, up 27% y/y and surpassing the estimate of $35.53 billion.
  • However, Reality Labs revenue was slightly lower than expected at $440 million, a 30% y/y increase, compared to the estimated $494.1 million.
  • Another revenue saw a fantastic jump of 85% y/y reaching $380 million, exceeding the predicted $300.1 million.
  • Operating income from the Family of Apps increased significantly by 57% y/y to $17.66 billion, just a little shy of the estimated $17.76 billion.
  • The Reality Labs operating loss was less than projected at $3.85 billion, a 3.7% decrease y/y against the estimated loss of $4.51 billion.
  • Operating margin was 38% against last year’s 25%, exceeding the estimated 37.2%.
  • EPS stood at $4.71, doubling last year’s EPS of $2.20 and exceeding the estimated $4.30.
  • The service saw a 7.3% y/y increase in average daily users to 3.24 billion, better than the predicted 3.16 billion.
  • Meta Platforms forecast 2Q 2024 total revenue to fall in the range of $36.5-39 billion.
  • They also upgraded their estimate for 2024’s full-year capital expenditures to $35-40 billion in order to expedite their AI investments.
  • The company anticipates 2024 total expenses to be $96-99 billion due to higher infrastructure and legal costs.
  • Although they did not give future guidance, they did mention their aggressive AI research, and product development will lead to increased capital expenditures next year.
  • The company’s shares fell by 2.6% in post-market trading to $480.54, with 41,390 shares traded.

Meta Platforms (Facebook) on Smartkarma

Analyst Coverage of Meta Platforms on Smartkarma

On Smartkarma, independent analysts have been closely following Meta Platforms (Facebook) to provide insights for investors. Baptista Research, in their report titled “Meta Platforms: A Spectacular End To 2023 But What Are The Bumps Ahead On The Road In 2024? – Major Drivers,” highlighted Meta’s impressive Q4 FY 2023 earnings and substantial growth over the past year. With over 3.1 billion daily users engaging with Meta’s applications, the company’s role in shaping global online interactions is crucial. The report also emphasized Meta’s strong revenue growth, demonstrating its financial resilience.

Meanwhile, MBI Deep Dives offered a contrasting view on Meta. In their “Meta Platforms: Model Update” report, they shared brisk thoughts on the updated models, leaning towards a bearish sentiment. However, in a separate report titled “Meta 4Q’23 Update,” MBI Deep Dives took a more bullish stance, discussing changes in key performance indicators like daily active users and ad impressions. These diverse analyses provide investors with a comprehensive view of Meta Platforms’ current performance and future prospects.


A look at Meta Platforms (Facebook) Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE3.4

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

Meta Platforms Inc., known popularly as Facebook, is facing a promising long-term outlook based on Smartkarma Smart Scores. With an impressive Momentum score of 5, the company is showcasing strong performance indicators that suggest future growth potential. This is further supported by solid scores in Growth and Resilience, indicating a positive trajectory in terms of expanding its operations and withstanding market challenges. Although the Value and Dividend scores are moderate, the overall outlook for Meta Platforms appears to be optimistic.

As a social technology company, Meta Platforms (Facebook) is at the forefront of connecting people, fostering communities, and assisting businesses in their growth endeavors. The company’s involvement in advertisements, augmented reality, and virtual reality underscores its diverse interests and innovative approach to digital interaction. With favorable Smartkarma Smart Scores in key factors like Growth and Momentum, Meta Platforms is positioned well for sustained success and development in the competitive tech landscape.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Raymond James Financial (RJF) Earnings Surpass Expectations: 2Q Adjusted EPS Beats Estimates

By | Earnings Alerts
  • Raymond James reported 2Q adjusted EPS at $2.31, beating the estimate of $2.30 and significantly up from last year’s $2.03.
  • The firm’s EPS stands at $2.22, compared to $1.93 in the same quarter of the previous year.
  • Assets under administration increased by 18% year-on-year to $1.45 trillion, surpassing the $1.43 trillion estimate.
  • Raymond James experienced a decrease in their effective tax rate, lowering to 21.8% from last year’s 23.3%.
  • The net revenue for the quarter came in at $3.12 billion, a 8.5% increase from the previous year, however it slightly missed the estimate of $3.13 billion.
  • The firm’s performance ratings include 6 buys, 11 holds, and no sells.

A look at Raymond James Financial Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth4
Resilience5
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

Raymond James Financial, a company providing financial services, is set to have a promising long-term outlook based on Smartkarma’s Smart Scores. With a strong Growth score of 4 and top marks in Resilience and Momentum at 5 each, the company is showing robust potential for expansion and is well-positioned to weather economic downturns. While Value and Dividend scores are not as high, the overall positive trend in the other areas suggests Raymond James Financial is in a favorable position for future growth.

Raymond James Financial, Inc. is a well-established company offering financial services to a wide range of clients across different regions. The company’s strong Resilience and Momentum scores point towards its ability to adapt to market challenges and maintain a steady growth trajectory. With operations spanning the United States, Canada, and overseas, Raymond James Financial is poised to continue its expansion and deliver reliable financial services to individuals, corporations, and municipalities 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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Cie Generale des Etablissements (ML) Michelin 1Q Earnings Meet Estimates in Face of Sales Decline

By | Earnings Alerts
  • Michelin’s 1Q revenue met the estimated EU6.64 billion.
  • The automotive revenue stood at EU3.38 billion, seeing a decline of 2.3% year-on-year (y/y) from the estimated EU3.45 billion.
  • Road Transportation revenue also saw a decrease of 6% y/y, landing at EU1.60 billion. This is slightly below the estimated EU1.62 billion.
  • Specialty Business didn’t fare much better, bringing in EU1.67 billion, down by 7.6% y/y from the estimated EU1.72 billion.
  • Despite the decline in certain areas, Michelin still expects its total segment operating income to be over EU3.5 billion, a bit short of the estimated EU3.62 billion.
  • Furthermore, the company still aims for its adjusted free cash flow to be above EU1.5 billion, though the estimate stands at EU1.84 billion.
  • For the first quarter, sales went down by 2.7%, calculated at constant exchange rates.
  • However, sales volumes are still expected to conclude the year within the -2% to 0% range.
  • Despite the declines, there is no change in the full-year guidance for 2024.
  • As it stands, there are 9 buys, 6 holds, and 5 sell recommendations for Michelin’s stock.

A look at Cie Generale des Etablissement Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience4
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

**The long-term outlook for Cie Generale des Etablissement, as indicated by Smartkarma Smart Scores, appears to be promising. With a strong score in dividend, resilience, and momentum, the company seems well-positioned for future growth and stability. Although the value and growth scores are moderate, the higher rankings in dividend, resilience, and momentum suggest a relatively positive outlook for investors seeking a reliable and potentially rewarding investment option.

**

**Compagnie Generale des Etablissements Michelin, primarily known for manufacturing auto parts, offers a range of products with a global client base. With a balanced performance across various aspects, including dividends, resilience, and momentum, the company shows potential for long-term success and value creation within the industry. Investors looking for a company with a solid dividend yield, strong resilience, and positive momentum may find Cie Generale des Etablissement a compelling choice 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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Carrefour SA (CA) Earnings Highlight: 1Q LFL Ex-Fuel, Ex-Calendar Sales Surge, Beating Estimates

By | Earnings Alerts
  • LFL sales excluding fuel, excluding calendar effect saw a surge of +13.5%, surpassing the estimate of +6.46%.
  • Despite an estimated increase of +1.37%, France LFL sales excluding fuel and calendar effect decreased by -0.4%.
  • France hypermarkets LFL Sales ex-fuel, ex-calendar demonstrated a decline of -1.3%, contrary to the anticipated increase of +1%.
  • France supermarkets LFL sales ex-fuel, ex-calendar increased slightly by +0.1%, falling short of the +1.39% estimate.
  • A modest increase in France convenience/other formats LFL sales ex-fuel, ex-calendar was witnessed. The growth rate was +0.8%, lagging behind the estimated +3.24%.
  • Belgium LFL Sales ex-fuel, ex-calendar witnessed a decrease of -0.2%, opposed to the estimate surge of +3.33%.
  • In Spain, LFL sales ex-fuel, ex-calendar showcased a growth of +0.7%, falling slightly short of the +1.3% estimate.
  • Italy LFL sales ex-fuel, ex-calendar declined by -1.4%, contrary to the growth estimate of +1.43%.
  • LatAm LFL Sales ex-fuel, ex-calendar saw an unexpected and remarkable surge of +48%, significantly outpacing the estimated increase of +17.1%.
  • Entire sales, including VAT, amounted to EU22.16 billion, slightly less than the estimate of EU22.89 billion.
  • France’s sales, counting VAT, totalled EU10.00 billion, not reaching the aim of EU10.36 billion.
  • Carrefour confirmed FY growth in EBITDA and Recurring Operating Income; Net Free Cash Flow aligned with the Carrefour 2026 plan trajectory.
  • Fuelled by the strategic initiatives of the Carrefour 2026 plan and amplified cost-savings plan that increased to €1.2 billion in 2024 from €1.0 billion, price investments in France and the rest of Europe intensified.
  • Price reductions are expected to accelerate throughout 2024 in France and the rest of Europe.

A look at Carrefour SA Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience2
Momentum3
OVERALL SMART SCORE3.4

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

Carrefour SA, a global retail giant known for its chains of supermarkets, hypermarkets, and discount stores across multiple continents, has received a favorable overall outlook as per Smartkarma Smart Scores. With strong scores in Value, Dividend, and Growth factors, Carrefour SA demonstrates promising long-term potential in the market. The company’s focus on delivering value to investors, consistent dividend payments, and a strategy for sustainable growth positions it well for future success.

While Carrefour SA boasts solid scores in several key areas, such as Value, Dividend, and Growth, its Resilience and Momentum scores are comparatively lower. Despite this, the company’s established presence in the global retail sector and diversified store formats provide a level of stability. By leveraging its strengths and addressing areas for improvement, Carrefour SA can navigate challenges and capitalize on opportunities for sustained growth 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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Moncler SpA (MONC) Earnings Surpass Expectations: 1Q Revenue Beats Market Estimates

By | Earnings Alerts
  • Moncler’s first-quarter revenue surpassed estimates, achieving EU818.0 million as compared to an estimate of EU786.3 million.
  • Revenue from the Moncler brand also exceeded estimates, hitting EU705.0 million, noticeably higher than the estimate of EU671.3 million.
  • Stone Island brand also generated more revenue than anticipated, reaching EU113.0 million. The estimate was somewhat lower, specifically at EU112.3 million.
  • According to analysts’ ratings, Moncler’s stock received 10 buy opportunities, 15 hold recommendations, and only 1 sell recommendation.

A look at Moncler SpA Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience4
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

Moncler SpA, a renowned brand with a rich winter heritage, is positioned for a promising long-term outlook according to Smartkarma Smart Scores. With a significant focus on growth and resilience, Moncler scores high in these crucial areas, indicating a strong potential for expansion and ability to weather market challenges. Furthermore, the company’s momentum score of 5 suggests a positive trend in its performance, highlighting the momentum behind Moncler’s growth trajectory.

While Moncler demonstrates solid growth prospects, its value and dividend scores indicate areas for potential improvement. However, the company’s strategic focus on innovation and quality in its product offerings could drive value creation in the long run. Overall, Moncler’s favorable scores in growth, resilience, and momentum position it well for sustained success in the competitive fashion 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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