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Smartkarma Newswire

SAP (SAP) Earnings: 2Q Non-IFRS Revenue Meets Estimates; Strong Operating Profit and Free Cash Flow

By | Earnings Alerts
  • 2nd quarter non-IFRS revenue: €8.29 billion (est. €8.26 billion)
  • 2nd quarter non-IFRS cloud and software revenue: €7.18 billion (est. €7.19 billion)
  • 2nd quarter non-IFRS cloud revenue: €4.15 billion (est. €4.16 billion)
  • Constant currency non-IFRS cloud revenue growth: +25% (est. +25.5%)
  • 2nd quarter non-IFRS gross profit: €6.03 billion (est. €6.05 billion)
  • 2nd quarter non-IFRS operating profit: €1.94 billion (est. €1.8 billion)
  • Profit after tax: €918 million (est. €1.14 billion)
  • 2nd quarter non-IFRS EPS: €1.10 (est. €1.06)
  • Free cash flow: €1.29 billion (est. €286.1 million)
  • Company comments on increasing female executive roles to 25% by the end of 2027
  • Goals include achieving Net Zero carbon emissions across the value chain by 2030
  • Stock analyst recommendations: 21 buys, 7 holds, 3 sells

A look at SAP Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth3
Resilience4
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

Analysts at Smartkarma have evaluated SAP SE’s long-term outlook using their Smart Scores, which range from 1 to 5 for various factors. SAP received a score of 2 for Value, indicating moderate attractiveness in terms of valuation, and a score of 2 for Dividend, suggesting a stable dividend payment. The company scored a 3 for Growth, reflecting promising potential for expansion in the future, and a 4 for Resilience, highlighting a strong ability to withstand economic challenges. Additionally, SAP received a Momentum score of 4, indicating positive market momentum for the company.

SAP SE, a multinational software company known for developing various business software solutions, including e-business and enterprise management software, scored moderately across different aspects according to Smartkarma’s analysis. With a global presence in marketing its products and services, SAP’s overall outlook seems to be positive, especially in terms of growth potential and resilience in the face of market uncertainties.


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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Grupo Mexico Sab De Cv (GMEXICOB) Earnings: 2Q Net Income Surpasses Estimates with Strong Performance

By | Earnings Alerts
  • Net Income: Grupo Mexico posted a net income of $1.12 billion, surpassing the estimate of $1 billion.
  • Revenue: The company reported revenue of $4.40 billion, higher than the estimated $4.11 billion.
  • Basic EPS: Earnings per share (EPS) were 14 cents, exceeding the estimate of 13 cents.
  • Operating Income: Operating income was $2.00 billion, beating the forecasted $1.73 billion.
  • Analyst Ratings: The stock has 7 ‘Buy’ ratings, 8 ‘Hold’ ratings, and 2 ‘Sell’ ratings from analysts.

A look at Grupo Mexico Sab De Cv Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth2
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

Grupo Mexico Sab De Cv, a mining company that deals with copper, silver, gold, and other minerals, has a promising long-term outlook according to Smartkarma Smart Scores. With a high score in momentum and resilience, the company seems to be in a strong position to weather market fluctuations and continue to grow steadily. Additionally, its above-average scores in dividend and value indicate a stable and potentially profitable investment opportunity for those looking for income and value appreciation in the long run.

Grupo Mexico SAB de CV, renowned for its mining and processing operations, is supported by subsidiaries that manage various mining facilities and logistical infrastructure. With a mix of essential metals in its portfolio and a strong foothold in the mining industry, Grupo Mexico has garnered positive scores across multiple aspects, hinting at a promising future ahead for investors seeking a reliable and potentially rewarding investment in the mining sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Suzlon Energy (SUEL) Earnings: 1Q Net Income Triples to 3.02B Rupees, Revenue Up 50% Y/Y

By | Earnings Alerts
  • Suzlon Energy‘s net income for the first quarter reached 3.02 billion rupees, significantly up from 1.01 billion rupees year-over-year.
  • Revenue for the quarter increased by 50% year-over-year, totaling 20.2 billion rupees.
  • Total costs rose by 37% year-over-year to 17.4 billion rupees.
  • EBITDA saw a substantial rise of 86% year-over-year, reaching 3.7 billion rupees.
  • The company approved the withdrawal of the Scheme of Arrangement.
  • Stock ratings for Suzlon Energy include 5 buys, 0 holds, and 0 sells.

Suzlon Energy on Smartkarma

On Smartkarma, investment analysts like Nimish Maheshwari provide valuable insights on companies like Suzlon Energy. Recently, Nimish Maheshwari authored a report titled “Suzlon Independent Director Resignation Raises Concerns and Reiterates Past CG Issues.” The report discusses Suzlon Energy‘s corporate governance challenges following the resignation of an independent director, highlighting the company’s commitment to addressing issues and improving practices. While no financial irregularities or legal violations were noted, the report emphasizes the importance of resolving these governance issues for Suzlon Energy.


A look at Suzlon Energy Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
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

Suzlon Energy seems to have a promising long-term outlook according to the Smartkarma Smart Scores analysis. With a high Growth score of 5 and Momentum score of 5, the company appears to be well-positioned for future expansion and market performance. Suzlon Energy‘s focus on innovation and capturing market opportunities could drive its growth trajectory in the renewable energy sector.

On the other hand, the company scores lower in Value with a score of 2 and Dividend with a score of 1. Despite this, Suzlon Energy demonstrates resilience with a score of 4, indicating its ability to weather challenges and maintain stability in the face of market fluctuations. Overall, as a designer and manufacturer of wind generating equipment, Suzlon Energy‘s strategic position in constructing large wind parks aligns well with the industry’s growth potential.


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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Arabian Internet & Communica (SOLUTION) Earnings: 2Q Profit Surges 33% to 453 Million Riyals, Beating Estimates

By | Earnings Alerts
  • Profit Increase: Solutions by STC reported a profit of 453 million riyals in the second quarter of 2024.
  • Year-Over-Year Growth: This profit marks a 33% increase compared to the same period last year.
  • Beating Estimates: The reported profit exceeded analysts’ estimates of 407.7 million riyals.
  • Revenue Growth: The company reported revenues of 2.77 billion riyals, reflecting a 2.6% year-over-year growth.
  • Slight Miss on Revenue Estimates: Despite the growth, the revenue fell short of the estimated 2.94 billion riyals.
  • Operating Profit: Solutions by STC reported an operating profit of 400 million riyals, a 3.4% increase compared to the previous year.
  • Analysts’ Estimates on Operating Profit: This operating profit was below the estimated 420 million riyals from two analysts.
  • Revenue Boost Sources: The company cites an increase in revenues from IT managed and operational services as a major factor for the profit rise.
  • Decline in Other Services: They also mentioned a decrease in core ICT services and digital services revenues.
  • Analyst Recommendations: There are 3 buy, 9 hold, and 4 sell recommendations for Solutions by STC.

A look at Arabian Internet & Communica Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience5
Momentum2
OVERALL SMART SCORE3.2

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

Analyzing the Smartkarma Smart Scores for Arabian Internet & Communications indicates a promising long-term outlook for the company. With a strong score in Growth (4) and Resilience (5), the company shows potential for expansion and the ability to withstand market challenges. Additionally, a respectable score in Dividend (3) suggests that shareholders may benefit from consistent dividend payouts. Although Value (2) and Momentum (2) scores are not as high, the overall outlook remains positive for Arabian Internet & Communications.

Arabian Internet and Communications Services Company, known as Solutions by STC, offers a range of IT services including cybersecurity, system integration, managed services, and digital solutions like cloud and IoT. Catering to both public and private sectors in Saudi Arabia, Solutions by STC plays a crucial role in providing essential technology services to businesses in the region.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Verizon Communications (VZ) Earnings: 2Q Adjusted EPS Matches Estimates at $1.15

By | Earnings Alerts
  • Adjusted EPS for Q2 2024 matched estimates at $1.15, down from $1.21 year-over-year.
  • Operating revenue came in at $32.8 billion, slightly below the $33.07 billion estimate.
  • Consumer revenue was $24.9 billion, slightly below the $25.16 billion estimate.
  • Business revenue totaled $7.3 billion, close to the $7.35 billion estimate.
  • Wireless service revenue was $19.8 billion, matching the $19.79 billion estimate.
  • FIOS Internet subscribers grew by 28,000, short of the 38,089 estimate.
  • Adjusted EBITDA was $12.3 billion, slightly above the $12.29 billion estimate.
  • Year forecast remains unchanged with adjusted EPS expected to be between $4.50 to $4.70, the estimate being $4.57.
  • Wireless service revenue growth is still expected to be between +2% to +3.5%.
  • Capital expenditures are projected to be $17 billion to $17.5 billion, the estimate being $17.34 billion.
  • Total broadband net additions were 391,000 for the quarter.
  • Total fixed wireless net additions were 378,000 for Q2.
  • Fixed wireless revenue for Q2 was $514 million, an increase of over $200 million year-over-year.
  • Consumer segment reported 624,000 wireless retail prepaid net losses in Q2, including 410,000 related to the Affordable Connectivity Program shutdown.

Verizon Communications on Smartkarma

Analysts at Baptista Research on Smartkarma have been closely covering Verizon Communications, providing valuable insights into the company’s performance and future prospects. In their report titled “Verizon Communications: What Are The Biggest AI & 5G Use Cases That Can Benefit Them? – Major Drivers,” Baptista Research highlighted Verizon’s strong start to the fiscal year driven by strategic focus and operational performance. The report emphasized the positive momentum across different segments, particularly in Verizon’s Consumer business, which showed improvements in postpaid phone net adds and broadband subscriber base growth, indicating a promising outlook for the company.

In another analysis by Baptista Research, titled “Verizon Communications – Increasing Contribution from Fixed Wireless Access & Other Major Drivers,” the analysts delved into Verizon’s recent results, noting a 3.2% year-over-year growth in wireless service revenue. Despite the positive results, the report mentioned the importance of developing a balanced investment thesis for Verizon, considering both the strengths and weaknesses observed in the company’s fourth-quarter performance. Overall, these research reports offer valuable insights for investors looking to understand Verizon Communications‘ trajectory in the telecommunications industry.


A look at Verizon Communications Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.4

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

Verizon Communications Inc. is positioned well for the long term, with its highest score in Dividend indicating a strong ability to provide consistent returns to its investors. The company’s robust dividend score reflects its stable and reliable payment history, making it an attractive option for income-seeking investors looking for steady returns over time. Moreover, Verizon’s solid Momentum score suggests positive market sentiment and a potential for upward price movement based on recent performance.

While Verizon scores moderately in Value and Growth, indicating a fair valuation and moderate potential for future expansion, its Resilience score of 2 may signal some vulnerability to economic downturns or industry challenges. Investors considering Verizon for the long term should monitor its ability to navigate market uncertainties. Overall, with its strong dividend and momentum scores, Verizon remains a solid choice for investors seeking income and growth opportunities in the telecommunications sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Uco Bank (UCO) Earnings Surge in 1Q: Net Income Rises to 5.51B Rupees Year-over-Year

By | Earnings Alerts



UCO Bank 1Q Financial Highlights

  • Net income jumped to 5.51 billion rupees compared to 2.23 billion rupees year-on-year.
  • Operating profit increased by 9.8% year-on-year, reaching 13.2 billion rupees.
  • Gross non-performing assets slightly improved to 3.32% from 3.46% quarter-on-quarter.
  • Provisions decreased by 1.8% quarter-on-quarter, totaling 4.59 billion rupees.
  • Provision for loan losses saw a significant rise of 75% quarter-on-quarter, reaching 3.97 billion rupees.
  • Interest income grew by 15% year-on-year to 60.2 billion rupees.
  • Interest expense increased by 17% year-on-year, amounting to 37.7 billion rupees.
  • Other income surged by 32% year-on-year, totaling 8.35 billion rupees.
  • Shares climbed 2.2% to 56.25 rupees with 11.8 million shares traded.
  • No buys, holds, or sells were recorded.



A look at Uco Bank Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth5
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

Based on the Smartkarma Smart Scores, UCO Bank seems to have a promising long-term outlook. With a strong score of 5 in Growth, the bank is positioned well for expansion and development in the future. This indicates that the bank is likely to see significant growth opportunities and increase its market presence over time. Additionally, the high Value score of 4 suggests that UCO Bank is currently trading at an attractive valuation, making it a potentially good investment opportunity for those seeking value in the stock market.

However, UCO Bank’s overall outlook is slightly dampened by a lower Resilience score of 2, indicating that the bank may face some challenges in maintaining stability during adverse market conditions. The Dividend and Momentum scores of 3 each suggest a moderate performance in terms of dividend payouts and price momentum. Despite this, UCO Bank’s extensive banking network in India and overseas branches position it well to capitalize on growth opportunities and expand its market presence 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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IDBI Bank Ltd (IDBI) Earnings: 1Q Net Income Surges 41% Y/Y to 17.2B Rupees

By | Earnings Alerts
  • Net Income Surge: IDBI Bank’s net income rose to 17.2 billion rupees, a 41% increase from last year’s 12.2 billion rupees.
  • Improved Asset Quality: Gross non-performing assets improved to 3.87%, down from 4.53% in the previous quarter.
  • Recoveries vs. Provisions: Bank recoveries were 4.4 billion rupees, while provisions were significantly lower at 1.14 billion rupees quarter-on-quarter.
  • Decline in Operating Profit: Operating profit fell by 31% year-on-year to 20.8 billion rupees.
  • Interest Income Drop: Interest income saw a 2.8% decrease year-on-year, totaling 66.7 billion rupees.
  • Increase in Interest Expense: Interest expenses rose by 20% year-on-year to 34.3 billion rupees.
  • Other Income Decrease: Other income decreased by 4.9% year-on-year to 8.1 billion rupees.
  • Share Performance: Shares of IDBI Bank rose by 3.3%, reaching 91.83 rupees, with 17.1 million shares traded.
  • No Brokerage Actions: There are currently no buys, holds, or sells recommendations for IDBI Bank shares.

A look at IDBI Bank Ltd Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth5
Resilience3
Momentum3
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

Based on the Smartkarma Smart Scores, IDBI Bank Ltd seems to have a positive long-term outlook. With a high score in Dividend and Growth, the company appears to be performing well in terms of returning profits to its shareholders and sustaining growth in its operations. Additionally, a strong Value score suggests that IDBI Bank Ltd may be undervalued compared to its intrinsic worth. However, there are areas for improvement as indicated by slightly lower scores in Resilience and Momentum.

Overall, IDBI Bank Ltd, a provider of banking and financial services including venture capital and merchant banking, is positioned favorably for the future with strong performance in Dividend and Growth. Investors may find the company attractive due to its potential for long-term value appreciation and consistent dividend payouts, despite facing challenges in resilience 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.
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Indian Overseas Bank (IOB) Earnings Report: 1Q Net Income Surges 27% to 6.33B Rupees

By | Earnings Alerts
  • Net income for 1Q is 6.33 billion rupees, marking a 27% increase year-over-year.
  • Gross non-performing assets decreased to 2.89% from 3.1% quarter-over-quarter.
  • Operating profit stood at 16.8 billion rupees, showing a 24% year-over-year rise.
  • Provisions increased to 9.38 billion rupees, a 22% rise quarter-over-quarter.
  • Interest income reached 65.4 billion rupees, reflecting a 21% year-over-year growth.
  • Interest expense surged to 40.9 billion rupees, up by 32% year-over-year.
  • Other income climbed to 10.2 billion rupees, posting a 27% year-over-year increase.
  • Coverage ratio for non-performing loans slightly improved to 97% from 96.9% quarter-over-quarter.

A look at Indian Overseas Bank Smart Scores

FactorScoreMagnitude
Value3
Dividend1
Growth4
Resilience3
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

Indian Overseas Bank, with a solid Growth score of 4, appears to have a promising long-term outlook. This indicates that the company is expected to experience significant growth opportunities in the future. Coupled with a Resilience score of 3, the company seems well-equipped to withstand challenges and navigate fluctuations in the market.

Although the Dividend score is lower at 1, suggesting the company may not be prioritizing dividends for its shareholders, the overall picture is balanced with a Value score of 3 and Momentum score of 3. This mix of scores implies that Indian Overseas Bank holds potential for steady value appreciation and sustainable momentum in the market.

Overall, the company’s profile as a banking entity operating numerous branches in India and abroad, offering a wide range of services including loans, deposits, and digital banking, positions it well for growth and resilience in the competitive banking 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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Supreme Industries (SI) Earnings: 1Q Net Income Misses Estimates Despite 26% Y/Y Growth

By | Earnings Alerts
  • Supreme Industries reported a net income of 2.73 billion rupees for the first quarter of 2024.
  • This net income represents a 26% year-over-year increase but missed the estimate of 2.86 billion rupees.
  • Revenue for the quarter was 26.4 billion rupees, an 11% increase year-over-year but below the estimated 27.12 billion rupees.
  • Plastics Piping Products generated 18.6 billion rupees in revenue, marking a 14% increase year-over-year.
  • Industrial revenue was 3.06 billion rupees, a 2.3% increase year-over-year, but fell short of the 3.28 billion rupees estimate.
  • Packaging segment sales reached 3.68 billion rupees, up 14% year-over-year.
  • Consumer revenue declined by 7.4% year-over-year to 971.9 million rupees, missing the estimate of 1.2 billion rupees.
  • Total costs for the quarter were 23.4 billion rupees, representing a 10% increase year-over-year.
  • Raw material costs amounted to 17.8 billion rupees, a 5.3% increase year-over-year, which was significantly higher than the estimated 11.25 billion rupees.
  • Other income for the quarter was 214.4 million rupees, a substantial 51% increase year-over-year.
  • Analyst recommendations include 13 buys, 8 holds, and 5 sells.

A look at Supreme Industries Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience5
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

In light of the Smartkarma Smart Scores, Supreme Industries appears to have a positive long-term outlook. With strong ratings in resilience and momentum, the company showcases a robust ability to withstand challenges and sustain its growth trajectory. Additionally, both the dividend and growth scores indicate stable performance and potential for future expansion, contributing to a well-rounded profile for investors.

Supreme Industries Limited, a manufacturer of industrial and engineered products with diverse product lines ranging from chemicals to PVC pipes, demonstrates a balanced mix of value, growth, and income-generating capabilities. These scores suggest a favorable investment opportunity for individuals seeking a company with solid fundamentals and growth prospects in the industrial sector.


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

By | Earnings Alerts






  • Galp’s 2Q Adjusted Net Income: Surpassed estimates, hitting EU299 million, up 16% year-on-year.
  • Adjusted EBITDA: Reached EU849 million, a 7.3% drop year-on-year but exceeded the estimate of EU813.5 million.
  • Upstream Adjusted EBITDA: Noted a slight increase of 1.7% year-on-year, standing at EU531 million, though it fell short of the EU566.4 million estimate.
  • Industrial and Midstream Adjusted EBITDA: Declined by 22% year-on-year to EU226 million, yet it exceeded the EU167.2 million estimate.
  • Adjusted EBIT: Rose by 2.6% year-on-year to EU660 million, surpassing the estimate of EU579.1 million.
  • Upstream Adjusted Operating Profit: Increased by 5.9% year-on-year to EU429 million, slightly above the EU422.8 million estimate.
  • Industrial and Midstream Adjusted EBIT: Declined by 12% year-on-year to EU191 million, but it comfortably exceeded the EU108.3 million estimate.
  • Revenue: Grew by 14% year-on-year, reaching EU5.72 billion, outperforming the EU4.96 billion estimate.
  • Net Debt: Reduced by 15% year-on-year to EU1.16 billion, ahead of the EU2.02 billion estimate.
  • Full-Year 2024 RCA EBITDA Forecast: Now expected to exceed EU3.1 billion, revising the previous guidance of about EU3.1 billion.
  • Net Capex Guidance: Maintained at about EU1 billion annually for 2023-2025.
  • 2024 Refining Margin Assumption: Kept at around $8/BOE.
  • Dividend Proposal: Board to propose a €0.56/share dividend for the 2024 fiscal year with an interim dividend of €0.28/share to be paid in August 2024.
  • Decarbonisation Targets: Currently being reassessed in light of Mopane discoveries in Namibia and the slow pace of renewable developments.
  • 2024 Working Interest Production: Expected to exceed 105 kboepd.
  • Refining Operations: No significant stoppages planned for the second half of 2024.
  • Solar Capacity: Additional 100 megawatts of solar capacity anticipated to be installed by the end of 2024.
  • Namibia Operations: Secured necessary equipment and services for the next well, expected in the fourth quarter of 2024.
  • Market Consensus: 9 buys, 13 holds, and 2 sells.



A look at Galp Energia Sgps Sa Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
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

Galp Energia Sgps Sa, an integrated energy company with diverse operations across the globe, is set for a promising long-term future according to Smartkarma Smart Scores. With a solid Growth score of 5 and impressive Momentum score of 5, the company is positioned for expansion and sustained positive performance. Additionally, Galp Energia Sgps Sa demonstrates strong Resilience with a score of 4, indicating its ability to weather market uncertainties and challenges.

While the Value and Dividend scores for Galp Energia Sgps Sa are moderate at 2, the company’s overall outlook appears favorable, driven by its robust Growth, Resilience, and Momentum scores. Operating in key regions such as the South Atlantic, including Brazil and Mozambique, coupled with downstream activities in Iberia, Galp Energia Sgps Sa is strategically positioned for continued growth and success in the energy sector.

Summary: Galp Energia Sgps Sa is an integrated energy company with a focus on various regions, including the South Atlantic and Iberia, engaging in activities such as Refining & Marketing and Gas & Power businesses. The company’s positive Smartkarma Smart Scores in Growth, Resilience, and Momentum indicate a promising future outlook.


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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