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Smartkarma Newswire

Anglo American (AAL) Earnings Report: Decline in Diamond Production But Increase in Copper Yield in FY Forecast Update

By | Earnings Alerts
  • Anglo American has lowered its FY diamond production forecast from 29-32 million to 26-29 million carats. Estimate was 27.77 million carats
  • Copper production is projected to be 730,000 to 790,000 tons. The estimate was 768,275 tons
  • Iron ore production is expected to remain steady at 58 million to 62 million metric tonnes. Estimate was 60.1 million tonnes
  • Platinum Group Metals production is also expected to be constant at 3.3 million to 3.7 million ounces. The estimate was 3.45 million ounces
  • The projected steelmaking coal production is from 15 million to 17 million tons, matching earlier predictions. The estimate was 15.67 million tons
  • First-quarter results show a decrease in diamond production at 6.9 million carats, down 22% y/y. The estimate was 7.12 million carats
  • Copper production in the first quarter was 198,000 tons, marking an 11% increase y/y. The estimate was 191,308 tons
  • First quarter Platinum Group Metals production was 834,000 ounces, down 7.4% y/y. The estimate was 850,661 ounces
  • The decrease in diamond production in the first quarter was mainly due to implemented changes to lower production in response to market inventory
  • Current ratings for Anglo American stand at 13 buys, 9 holds, and 1 sell.

A look at Anglo American Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth2
Resilience3
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

Anglo American PLC, a global mining company, is poised for a promising long-term outlook as per Smartkarma Smart Scores. With a strong momentum score of 5, indicating robust market performance, Anglo American shows excellent potential for growth. Moreover, the company’s resilience score of 3 underscores its ability to weather economic fluctuations, adding to its stability. While the growth score of 2 suggests moderate growth prospects, Anglo American‘s value and dividend scores of 3 reflect a balanced approach to shareholder returns.

Operating in key regions across the globe including Africa, Europe, North and South America, Asia, and Australia, Anglo American PLC boasts a diverse mining portfolio encompassing various commodities. Combining solid value, consistent dividends, resilience, and potent momentum, Anglo American stands out as a promising investment opportunity in the ever-evolving mining 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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Shimano Inc (7309) Earnings: FY Operating Income Forecast Increases but Misses Analysts’ Expectations

By | Earnings Alerts

• Shimano has revised its FY operating income forecast from 53.00 billion yen to 56.80 billion yen, falling short of the estimated 62.94 billion yen.

• The net income forecast has also been raised from 54.00 billion yen to 66.30 billion yen, which is higher than the expected 60.45 billion yen.

• Meanwhile, the net sales forecast remains at 420.00 billion yen, which is lower than the estimated projected amount of 438.62 billion yen.

• Shimano plans to maintain its dividend at 285.00 yen, slightly lower than the estimate which comes out at 285.56 yen.

• The company’s Q1 net sales totaled 100.56 billion yen, down by 20% compared to last year, however landed higher than the estimate of 97.57 billion yen.

• Operating income for the same period was 13.42 billion yen, a significant drop from the previous year, down 52%, but still above the 9.59 billion yen estimate.

• Q1 income from the Bicycle Components segment fell by 53% from last year to 10.47 billion yen, while that from the Fishing Tackle segment also dropped 50% from last year to 2.96 billion yen, but both were above estimates.

• The Q1 net income saw an increase, rising 17% y/y to 23.69 billion yen, which was higher than the anticipated 11.33 billion yen.

• Sales from the Bicycle Components and Fishing Tackle segments witnessed a decline by 23% and 12% respectively compared to last year.

• The stock currently holds 3 buys, 5 holds, and 2 sells.


Shimano Inc on Smartkarma

Analysts on Smartkarma, such as Mark Chadwick, have released coverage on Shimano Inc, with a positive outlook. Chadwick’s report titled “Shimano (7309) | A Clear Road Ahead” highlights the company’s recent Q3 results, which showed a net sales decline exceeding expectations. Despite this drop, Shimano displayed effective cost control measures, improving margins, and a strong balance sheet. The upbeat sentiment is attributed to the company’s ability to beat profit expectations and maintain financial strength.

The report acknowledges the challenging Q4 outlook but anticipates a market focus on 2024 normalization and Shimano’s relatively low valuation. With a bullish lean on valuations, analysts see potential for the market to overlook short-term challenges and consider the company’s long-term prospects. Smartkarma continues to serve as a platform for independent analysts like Chadwick to provide in-depth research and insights on companies like Shimano Inc.


A look at Shimano Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
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

With a strong Resilience score of 5 and a notable Momentum score of 4, Shimano Inc seems well-positioned for long-term success. The company’s focus on manufacturing and selling products for bicycling, snowboarding, fishing, and golf gives it a diversified portfolio. This, coupled with its solid performance in terms of Resilience and Momentum, indicates a promising future ahead.

While Shimano Inc may not score as high on Value and Dividend factors, its Growth score of 3 suggests potential room for expansion and development in the future. Overall, the company’s positive Smart Scores point towards a favourable outlook, suggesting investors may want to keep an eye on Shimano Inc for potential 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.
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Nidec Corp (6594) Earnings, FY Operating Income Falls Short of Estimates

By | Earnings Alerts
  • Nidec’s forecasted operating income for the fiscal year is lower than estimated, at 230.00 billion yen instead of the predicted 242.75 billion yen.
  • The forecasted net income is also less than the estimate, predicted to be 165.00 billion yen rather than the expected 183.03 billion yen.
  • Nidec’s forecasted net sales are less than the estimate, coming in at 2.40 trillion yen in comparison to the predicted 2.51 trillion yen.
  • The company’s expected dividend is lower than estimates, as it is forecasted to be 80.00 yen instead of 83.95 yen.
  • In the first half of the fiscal year, Nidec forecasted an operating income of 100.00 billion yen.
  • First half forecast for net income was 74.00 billion yen.
  • The company also forecasted 1.14 trillion yen in net sales for the first half.
  • The company’s stock has 14 buys, 4 holds, and 2 sells.

Nidec Corp on Smartkarma

Analyzing the analyst coverage on Nidec Corp on Smartkarma reveals insights from Mark Chadwick. In a report titled “Nidec (6594) | Liquid Cooling Overheats Stock,” Chadwick expresses concerns about the market impact and sales volume despite the stock’s 7% rise following Nidec’s plan to increase CDU production in Thailand significantly. The move, aiming to enhance CDU production by 10x by June 2024, caused a notable market impact of 250 billion yen, which Chadwick believes is overly optimistic based on the expected sales volume.

In another report, “Nidec (6594) | Forget the EV Slump,” Chadwick highlights Nidec’s challenges in the global EV market but sees potential catalysts and strong positioning that make it an attractive investment. With Nidec trading at 18x EBIT, Chadwick views the company as a compelling play on the electrification, automation, and energy efficiency sectors. Despite a mixed quarter where net sales increased, operating profit rose, but full-year guidance for operating profit was revised down by 20%, Chadwick remains bullish on Nidec’s long-term structural electrification thesis.


A look at Nidec Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE3.0

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

Analysts at Smartkarma have assigned Nidec Corp with varying scores across different factors, indicating its long-term outlook. Nidec Corp has received a score of 2 for both Value and Dividend, suggesting moderate performance in these areas. On the other hand, the company scored a 3 in both Growth and Resilience, reflecting a slightly more positive outlook in these aspects. Notably, Nidec Corp received a high score of 5 in Momentum, indicating strong potential for growth and positive market momentum.

Nidec Corp, known as the world’s leading producer of small precision motors for applications like HDDs and optical disk drives, has expanded its reach into home appliances and automobiles. The company actively engages in mergers and acquisitions, with subsidiaries that include key players in manufacturing LCD panel handling robots and camera shutters. Overall, the mix of Smartkarma Smart Scores portrays a diversified outlook for Nidec Corp across various business facets.


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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Epiroc’s 1Q Earnings: Adjusted Operating Profit Misses Estimates Amid High Mining Demand

By | Earnings Alerts
  • Epiroc’s 1Q adjusted operating profit was SEK2.89 billion, lower than the estimated SEK2.99 billion.
  • The company’s orders amounted to SEK14.16 billion, also missing the estimate of SEK14.83 billion.
  • Revenue reached SEK14.14 billion, falling short of the estimated SEK14.4 billion.
  • Operating profit was SEK2.76 billion, below the estimated SEK3 billion.
  • Operating margin stood at 19.5%, compared to an estimate of 20.6%.
  • Epiroc’s organic revenue saw a growth of +3%, slightly above the estimated +2.98%.
  • The earnings per share (EPS) for the company was SEK1.66.
  • In the CEO’s comment, it was noted that the underlying mining demand, both for equipment and aftermarket, is expected to remain at a high level in the near term.
  • However, the demand from construction customers is expected to remain soft, as per the CEO’s statement.
  • The company currently has 5 buys, 13 holds, and 7 sells on its stock.

A look at Epiroc Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.2

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

According to Smartkarma Smart Scores, Epiroc’s long-term outlook appears promising. With a solid Growth score of 4, the company is positioned well for future expansion and development within the construction and mining machinery sector. Additionally, Epiroc’s Momentum score of 4 indicates strong market momentum, suggesting positive performance trends in the near term.

While Epiroc receives slightly lower scores in Value and Dividend at 2 and 3 respectively, its Resilience score of 3 showcases the company’s ability to weather economic fluctuations and maintain stability. Overall, Epiroc Aktiebolag, a global provider of a wide range of machinery and tools for construction and mining, shows promise for sustained growth and performance in the coming years.


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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National Bank of Kuwait SAKP (NBK) Earnings: 1Q Net Income Meets Estimates, Showcasing a Positive 9.2% Annual Increase

By | Earnings Alerts

• NBK 1Q net income was 146.6 million dinars, an increase of +9.2% year over year (y/y). This was in line with the estimate of 148 million dinars.

• The operating revenue for the same period was 309.0 million dinars, which is +11% y/y. This was close to the projected revenue of 310 million dinars.

• The bank made an operating profit of 197.5 million dinars, showing a growth of +12% y/y.

• Earnings Per Share (EPS) also saw a growth from 0.0150 dinars y/y to 0.0170 dinars y/y.

• NBK’s net interest income was 189.2 million dinars, making a growth of +11% y/y.

• Non-interest income of the bank also rose to 70.9 million dinars, an increase of +7.2% y/y.

• Operating expenses of the bank were 111.5 million dinars, marking an increase of +9.9% y/y.

• The bank’s impairments were at 25.5 million dinars, showing a decrease of -9.3% y/y.

• This quarter’s results were partly due to a higher net operating income, lower impairment losses but were offset by higher operating expenses.

• According to the analysts, NBK has received 2 buys, 4 holds, and 4 sells recommendations.


A look at National Bank of Kuwait SAKP Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience2
Momentum3
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

Based on the Smartkarma Smart Scores, National Bank of Kuwait SAKP shows a mixed long-term outlook. The company scores well in Growth and Dividend factors, indicating potential for expansion and a solid dividend policy. However, its Value and Resilience scores are relatively lower, suggesting that there may be room for improvement in terms of the company’s valuation and ability to withstand economic challenges. In terms of Momentum, the bank is moderately positioned, reflecting a stable but not particularly strong market performance. Overall, the outlook for National Bank of Kuwait SAKP seems to be positive in growth and dividend aspects but could benefit from enhancements in value and resilience.

As a commercial bank with a presence through local and overseas branches and subsidiaries, National Bank of Kuwait S.A.K. offers a wide range of financial services. The company’s focus on growth and dividends indicates a strategy geared towards expansion and providing returns to its shareholders. While there may be areas for improvement in terms of valuation and resilience, the overall outlook for the bank suggests a balanced approach towards long-term sustainability and profitability. With a presence in both local and international markets, National Bank of Kuwait SAKP is positioned to capitalize on growth opportunities while navigating potential challenges.


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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Associated British Foods (ABF) Earnings Go Beyond Expectations: Substantial Increase in 1H Adjusted Operating Profit

By | Earnings Alerts
  • AB Foods’ adjusted operating profit increased by 39% year over year to GBP951 million, beating the estimate of GBP823 million.
  • The retail adjusted operating profit was recorded at GBP508 million, a surge of 45% y/y, surpassing the forecast of GBP476.9 million.
  • Grocery adjusted operating profit rose by 33% y/y to GBP230 million, outperforming the anticipated GBP202 million.
  • The sugar unit’s adjusted operating profit grew by 29% y/y to GBP125 million, exceeding the estimate of GBP108.6 million.
  • Although the agriculture adjusted operating profit climbed to GBP14 million, up 17% y/y, it fell short of the GBP15.7 million forecast.
  • Ingredients adjusted operating profit saw a rise of 15% y/y to GBP117 million, beating the GBP99.1 million prediction.
  • Adjusted pretax profit jumped up by 37% y/y, hitting GBP911 million, outdoing its GBP796.7 million estimate.
  • The interim dividend per share increased to 20.7p from 14.2p y/y, which is higher than the estimated 16.8p.
  • Revenue saw a minor increase of 1.8% y/y and was recorded at GBP9.73 billion, slightly less than the GBP9.83 billion estimated.
  • While the retail revenue saw growth of 6.4% y/y to GBP4.50 billion, it didn’t meet the estimated GBP4.55 billion.
  • The sugar unit revenue rose marginally by 0.2% y/y to GBP1.17 billion, lower than the GBP1.25 billion estimate.
  • The estimated sales growth at constant FX was +7.53%, but the actual retail sales at constant FX were slightly lower at +7.5%.
  • AB Foods mentioned aiming for a total of 530 Primark stores by 2026, an increase from the current 440 stores.
  • AB Foods also anticipates a “moderate improvement” in the adjusted operating margin in Primark in the second half of the year in comparison to the first half.
  • Furthermore, they expect sugar unit to show substantial improvement in profitability resulting from a more typical beet crop and production level.

A look at Associated British Foods Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
Resilience3
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

Associated British Foods PLC, a diversified international food, ingredients, and retail group, shows a promising long-term outlook according to Smartkarma Smart Scores. With a Growth score of 5 and a Momentum score of 5, the company is positioned well for future expansion and market performance. Additionally, a Value score of 3 indicates a decent valuation, while a Resilience score of 3 suggests the company’s ability to navigate challenges effectively.

The company’s wide geographical presence across China, South America, Africa, Europe, Australia, New Zealand, Asia, and the United States provides a strong foundation for sustained growth. Although the Dividend score is at 2, signaling room for improvement in this aspect, the overall positive outlook based on the Smart Scores highlights Associated British Foods as a potentially lucrative investment 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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Anglo American (AAL) Earnings: 1Q Diamond Production Falls Short, Despite Growth in Other Sectors

By | Earnings Alerts

Anglo American‘s first quarter diamond production fell short of estimates, reaching only 6.9 million carats instead of the projected 7.12 million.

• Despite this, the company’s copper production exceeded expectations with 198,000 tons, surpassing the estimate of 191,308.

• However, Platinum Group Metals production was lower than predicted, at 834,000 oz instead of the expected 850,661, based on two estimates.

• The company saw an increase in Steelmaking coal production by 7%, resulting from the performance of the Aquila longwall and Capcoal open cut operations.

• De Beers, part of the Anglo American group, made changes to decrease its diamond production for the year by around 3 million carats.

• This reduction, coupled with lower production in the PGM operations, led to no substantial change in overall production for the group compared to the same period last year.

• Current projected market consensus for Anglo American shows 13 buys, 9 holds, and 1 sell.


A look at Anglo American Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth2
Resilience3
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

Analysts utilizing the Smartkarma Smart Scores see a promising long-term outlook for Anglo American. With a solid momentum score of 5, the company is showing strong potential for future growth. This is complemented by respectable scores in value, dividend, and resilience, all standing at 3. While growth may have received a slightly lower score at 2, the overall picture remains positive for Anglo American.

As a global mining giant, Anglo American PLC boasts a diverse mining portfolio encompassing a wide range of commodities across multiple continents. The company’s operations span Africa, Europe, North and South America, Asia, and Australia, highlighting its extensive reach and presence in key mining regions worldwide.


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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OBIC Co Ltd (4684) Earnings: FY Operating Income Forecast Falls Short of Expectations

By | Earnings Alerts
  • Obic’s operating income forecast for the fiscal year fell short of estimates, with a projection of 78.00 billion yen against a predicted 79.76 billion yen.
  • The company’s anticipated net income sits at 63.00 billion yen, slightly overshadowing predictions of 62.5 billion yen
  • Net sales are projected to be 122.80 billion yen, which is less than the estimate of 123.48 billion yen
  • Obic anticipates a dividend of 320.00 yen, falling short of the forecasted 336.00 yen
  • For the fourth quarter, the operating income was 17.41 billion yen, a year-on-year increase of 11%, but less than the anticipated 17.82 billion yen.
  • Net income was announced to be 14.46 billion yen for the same quarter, increasing 18% year-on-year, and beating the estimate of 13.29 billion yen
  • Net sales for the fourth quarter were reported at 28.01 billion yen, a 9.2% increase from the same period last year, however, this was lower than the estimate of 28.41 billion yen
  • Out of 13 evaluations, Obic received 5 buys, 6 holds, and 2 sells

A look at OBIC Co Ltd Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience5
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

OBIC Co Ltd, a company specializing in computer system integration and office automation services for small to medium-sized businesses, has received a mixed outlook based on the Smartkarma Smart Scores. While scoring well in terms of resilience, the company has average scores for its value, dividend, growth, and momentum factors. This indicates that OBIC Co Ltd is positioned strongly to withstand economic uncertainties, but may face challenges in terms of value appreciation, dividend yield, growth potential, and market momentum.

Despite the diverse range of services offered by OBIC Co Ltd, including consultation, system support, and software development, investors may need to carefully evaluate the company’s overall performance and potential for future growth. The Smartkarma Smart Scores highlight areas where OBIC Co Ltd excels and areas that may require attention, providing investors with valuable insights to make informed investment decisions.


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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JM AB (JM) Earnings Report: 1Q Pretax Profit Misses Estimates While Revenue Surpasses Expectations

By | Earnings Alerts
  • Pretax profit of JM for the first quarter was reported at SEK128 million, which did not meet the estimated SEK136.1 million.
  • The company made an impressive revenue of SEK3.03 billion, which surpassed the estimated SEK2.86 billion.
  • The number of residential units sold by the company was confirmed to be 480.
  • On the other hand, the number of housing starts reported by the company was 145.
  • Operating profit for JM was a noteworthy SEK160 million, which exceeded the estimated SEK150 million.
  • The number of buys, holds, and sells were 4, 2, and 2 respectively.

A look at JM AB Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth3
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

When looking at the Smartkarma Smart Scores for JM AB, the company seems to have a mixed long-term outlook. With a high score in Dividend and a good score in Value and Momentum, JM AB appears to be a company that provides solid returns to its shareholders. However, with lower scores in Growth and Resilience, there may be challenges ahead in terms of expanding its business and weathering potential economic downturns. Overall, JM AB‘s focus on managing property and constructing buildings seems to be well-received by investors.

Based on the provided Smart Scores, JM AB‘s strengths lie in providing dividends to its investors and being perceived as a valuable investment. However, there may be room for improvement in terms of growth opportunities and resilience to market fluctuations. Investors may want to consider these factors when evaluating JM AB‘s potential for long-term growth and stability in the property and construction sector.

Summary of the companyez- JM AB manages property and constructs buildings. The Company projects, builds and markets single-family housing, apartment houses and office buildings. JM owns and manages commercial buildings primarily in and around the cities of Stockholm, Gothenburg, Malmo and Uppsala in Sweden. The Company also owns properties in Norway, Belgium and Portugal.


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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Renault SA (RNO) 1Q Earnings Outperform Estimates; Automotive Revenue and Global Vehicle Sales Show Promise

By | Earnings Alerts
  • Renault’s 1Q revenue stood at EU11.71 billion, indicating an increase of 1.8% year on year (y/y), outpacing the estimated EU11.43 billion.
  • The automotive revenue, however, decreased by 0.7% y/y to come in at EU10.45 billion, a slight jump over the estimated EU10.35 billion.
  • Global vehicle sales rose by 2.6% y/y, totaling 549,099 units.
  • Despite the scenario, Renault maintains its year forecast, still anticipating the operating margin to reach at least 7.5%, nearly in line with the estimated 7.55%.
  • The company also reiterates its prediction for free cash flow of at least EU2.5 billion, compared to the forecasted EU2.62 billion.
  • The firm’s CFO implies that with a strong order book ending in March and upcoming product launches, sequential acceleration in activity is expected. This, coupled with cost reduction, would boost the financial performance.

A look at Renault SA Smart Scores

FactorScoreMagnitude
Value5
Dividend2
Growth4
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

Renault SA, a company known for designing, manufacturing, and marketing both passenger cars and light commercial vehicles, has an overall positive long-term outlook based on the Smartkarma Smart Scores. With a strong score of 5 in the Value category, Renault SA is perceived to offer good value for investors. This indicates that the company’s stock may be currently undervalued relative to its intrinsic worth. Furthermore, the high score of 5 in Momentum suggests that Renault SA has shown strong positive momentum in its stock price, which could potentially indicate continued upward movement.

In terms of growth potential, Renault SA received a solid score of 4, indicating that the company is well-positioned for future growth opportunities. However, its scores of 2 in both Dividend and Resilience suggest that the company’s dividend payouts and overall resilience may not be as strong as some of its other factors. Despite these lower scores, the positive outlook on value, growth, and momentum bodes well for Renault SA‘s future performance 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

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

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  • βœ“ Unlimited Research Summaries
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