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Smartkarma Newswire

Schlumberger Ltd (SLB) Earnings: 2Q Adjusted EPS Surpasses Expectations with Strong Revenue Growth

By | Earnings Alerts
  • Adjusted EPS: 85 cents, higher than the estimates of 83 cents and last year’s figure of 72 cents.
  • Revenue: $9.14 billion, an increase of 13% year-over-year, surpassing the estimate of $9.07 billion.
  • Digital & Integration Revenue: $1.05 billion, up 11% year-over-year, beating the estimate of $1.03 billion.
  • Reservoir Performance Revenue: $1.82 billion, up 11% year-over-year, slightly above the estimate of $1.81 billion.
  • Production Systems Revenue: $3.03 billion, a notable increase of 31% year-over-year, exceeding the estimate of $2.96 billion.
  • Well Construction Revenue: $3.41 billion, up 1.5% year-over-year but below the estimate of $3.48 billion.
  • Adjusted EBITDA: $2.29 billion, a 17% year-over-year increase, surpassing the estimate of $2.22 billion.
  • Cash Flow from Operations: $1.44 billion, a decrease of 11% year-over-year, but above the estimate of $1.19 billion.
  • Capital Expenditure: $463 million, down 1.7% year-over-year, below the estimate of $501 million.
  • Free Cash Flow: $776 million, a decrease of 21% year-over-year, yet much higher than the estimate of $465.5 million.
  • Net Debt: $9.19 billion, a quarterly increase of 5.8%, higher than the estimate of $8.76 billion.
  • Comments: Positive momentum in core business and acceleration of digital business leading to highest quarterly international revenue since 2014.
  • Sequential Growth: Production Systems up 7% and Reservoir Performance up 5%, strongest in subsea production systems and artificial lift.
  • Regional Activity: Significant activity in Europe & Africa, Latin America, and Middle East & Asia; land activity and offshore developments driving growth despite lower US land drilling.
  • Analyst Ratings: 30 buys, 1 hold, and 0 sells.

Schlumberger Ltd on Smartkarma



Analyst coverage of Schlumberger Ltd on Smartkarma highlights positive sentiment and growth prospects for the company. Suhas Reddy‘s report, “Schlumberger’s International Strength to Propel Q2 Growth,” emphasizes the company’s expectations of revenue and net profit growth in Q2 2024, driven by international and subsea operations. The report also mentions the ChampionX acquisition’s potential to boost free cash flow from 2025 onwards, with plans to increase shareholder returns in the coming years.

Baptista Research‘s insights, including “Schlumberger Limited: The ChampionX Acquisition,” highlight Schlumberger’s strong performance in Q1 2024, driven by international activities despite a decline in North American revenue. The report underscores Schlumberger’s resilience and adaptability in the face of challenges in the energy market, positioning the company for growth in new energy markets and beyond, as outlined in their financial results and future outlook presented during the quarterly conference call.



A look at Schlumberger Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth5
Resilience3
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, Schlumberger Ltd shows a promising long-term outlook. With a high score in Growth, the company is positioned for significant expansion and development in the future. This indicates potential for increased profitability and market presence over time.

Additionally, Schlumberger Ltd demonstrates solid scores across Value, Dividend, Resilience, and Momentum factors. This suggests a well-rounded performance in terms of financial stability, shareholder returns, ability to withstand challenges, and positive market trends. Overall, Schlumberger Ltd appears to be a strong player in the oil services industry with a favorable outlook for 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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Halliburton Co (HAL) Earnings: Q2 Adjusted EPS Matches Estimates at 80c

By | Earnings Alerts






  • Adjusted EPS: 80 cents, matching the estimate of 80 cents
  • Adjusted EPS year-over-year (y/y) growth: From 77 cents to 80 cents
  • Revenue: $5.83 billion, a slight increase of 0.6% y/y but below the $5.95 billion estimate
  • Completion and Production revenue: $3.40 billion, down 2.2% y/y and below the $3.47 billion estimate
  • Drilling and Evaluation revenue: $2.43 billion, up 4.7% y/y but slightly below the $2.48 billion estimate
  • North America revenue: $2.48 billion, down 8% y/y and below the $2.58 billion estimate
  • Latin America revenue: $1.10 billion, up 10% y/y but below the $1.12 billion estimate
  • Europe/Africa/CIS revenue: $757 million, up 8.5% y/y, close to the $755.4 million estimate
  • Middle East and Asia revenue: $1.50 billion, up 6.2% y/y, matching the estimate
  • Operating income: $1.03 billion, up 2.1% y/y, slightly below the $1.05 billion estimate
  • Drilling and Evaluation operating income: $403 million, up 7.2% y/y but below the $418.9 million estimate
  • Completion and Production operating income: $723 million, up 2.3% y/y, close to the $724.7 million estimate
  • Cash flow from operations: $1.08 billion, up 2.8% y/y and above the $925.8 million estimate
  • Capital expenditure: $347.0 million, up 15% y/y but below the $357.5 million estimate
  • Analyst recommendations: 24 buys, 4 holds, 0 sells



Halliburton Co on Smartkarma

Analysts on Smartkarma are expressing bullish sentiments towards Halliburton Co, a major oilfield services company. Suhas Reddy‘s report highlights Halliburton’s focus on leveraging international operations to offset weakness in North America. The company anticipates margin expansion and a 10% year-over-year increase in free cash flow in 2024. Furthermore, expectations of revenue growth in international business contrast with flat growth projections for North America, signaling a strategic shift.

Baptista Research emphasizes Halliburton’s technological innovation and recent acquisitions as key drivers of growth. In their analysis, the company showcased strong performance in the first quarter of 2024, with total revenue reaching $5.8 billion and an operating margin of 17%. The report underscores marked improvements in margin across both divisions, highlighting Halliburton’s ability to adapt and thrive in a competitive landscape.


A look at Halliburton Co Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth5
Resilience2
Momentum3
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

Halliburton Company, a leading provider of energy services and engineering solutions for the oil and gas industry, has garnered a mixed bag of Smartkarma Smart Scores. While the company shines in terms of Growth with a top score of 5, its Value and Dividend scores stand at a moderate 3. However, challenges loom as reflected in its Resilience score of 2. In terms of Momentum, Halliburton Co stands at 3, indicating a stable performance but with room for improvement. Despite the varying scores, Halliburton Co‘s focus on growth presents a positive long-term outlook, positioning the company to capitalize on opportunities in the energy sector.

In summary, Halliburton Company is a prominent player in providing energy services, engineering solutions, and manufacturing products for the energy industry. With a strong emphasis on growth, the company is strategically positioned to cater to the evolving needs of the oil and natural gas exploration, development, and production sectors. Although facing resilience challenges and with room for improvement in its Value and Dividend aspects, Halliburton Co‘s overall outlook appears promising, backed by its solid foundation in addressing the dynamic requirements of the energy market.


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

By | Earnings Alerts
  • Sandvik’s 2nd-quarter operating profit reported at SEK5.55 billion, missing the estimate of SEK5.84 billion.
  • Operating margin stands at 17.7%, below the estimated 18.2%.
  • Mining & Rock Solutions’ adjusted EBITA is SEK3.36 billion, slightly missing the estimate of SEK3.4 billion.
  • Manufacturing & Machining Solutions’ adjusted EBITA is SEK2.58 billion, falling short of the estimate of SEK2.7 billion.
  • Rock Processing Solutions’ adjusted EBITA exceeded expectations, reaching SEK409 million versus the estimate of SEK377.3 million.
  • Overall revenue is SEK31.42 billion, narrowly missing the estimate of SEK31.62 billion.
  • Mining & Rock Solutions’ adjusted EBITA margin met the expectation of 20.8%.
  • Manufacturing & Machining Solutions’ adjusted EBITA margin is 20.5%, lower than the estimated 21.2%.
  • Rock Processing Solutions’ adjusted EBITA margin is 15.1%, just below the estimate of 15.3%.
  • After the report, Sandvik’s shares dropped by 3.1% to SEK208.60, with 995,205 shares traded.
  • Analysts’ ratings include 15 buys, 9 holds, and 4 sells.

A look at Sandvik AB Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience3
Momentum2
OVERALL SMART SCORE3.0

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

Based on the Smartkarma Smart Scores, Sandvik AB appears to have a positive long-term outlook. The company received a solid score for Dividend at 4, indicating a good potential for dividend payments to shareholders. Additionally, Sandvik scored well in Resilience and Growth, both at 3, suggesting a stable performance and room for expansion. However, the Momentum score of 2 may indicate a slower pace in terms of stock momentum. Overall, Sandvik AB, a high-technology engineering group focusing on metalworking tools, rock excavation machinery, and stainless steel products, seems to present a promising prospect for 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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Huntington Bancshares (HBAN) Earnings: 2Q Net Interest Margin Misses Estimates, EPS Falls Short

By | Earnings Alerts
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  • Net interest margin for Huntington Bancshares is 2.99%, slightly below the previous quarter’s 3.01% and the estimated 3.00%.
  • EPS (Earnings Per Share) is 30 cents, down from last year’s 35 cents.
  • Return on average assets is 0.98%, lower than last year’s 1.18%, but above the estimate of 0.93%.
  • Return on average equity is 10.4%, down from last year’s 12.7%.
  • Net charge-offs are $90 million, up 84% year-over-year, but below the estimate of $96.8 million.
  • Provision for credit losses is $100 million, an increase of 8.7% year-over-year, and lower than the estimate of $120.4 million.
  • Revenue stands at $1.82 billion, down 1.9% from last year, but slightly above the estimate of $1.81 billion.
  • Efficiency ratio is 60.8%, higher than last year’s 55.9%, but better than the estimate of 61.3%.
  • Analyst recommendations include 14 buys, 7 holds, and 1 sell.

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A look at Huntington Bancshares Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience2
Momentum3
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 Huntington Bancshares, the company seems to have a solid long-term outlook. With high scores in Value and Dividend factors, it indicates a strong position in terms of its financial health and potential for returns to investors. Additionally, scoring moderately in Growth and Momentum reflects a steady growth trajectory and consistent market performance for the company. However, the lower score in Resilience suggests that Huntington Bancshares may face challenges in weathering unforeseen economic downturns or market disruptions.

Huntington Bancshares Incorporated, a diverse multi-state bank holding company, offers a wide range of financial services to its customers. From commercial and consumer banking services to investment management and insurance programs, the company caters to various financial needs of individuals and businesses. With its positive Smart Scores in key areas, Huntington Bancshares seems well-positioned to continue providing value to its stakeholders in the foreseeable future.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Indian Hotels (IH) Earnings: 1Q Net Income Misses Estimates Despite 12% YoY Growth

By | Earnings Alerts
  • Indian Hotels‘ net income for 1Q is 2.48 billion rupees, a 12% increase year-over-year (y/y).
  • Net income missed the estimated target of 2.53 billion rupees.
  • Revenue reached 15.5 billion rupees, showing a 5.4% y/y growth.
  • Revenue fell short of the expected 15.79 billion rupees.
  • Total costs were 12.7 billion rupees, rising by 4.1% y/y.
  • Other income decreased by 6.7%, amounting to 460.4 million rupees.
  • Analyst recommendations include 10 buys, 7 holds, and 3 sells.

A look at Indian Hotels Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience4
Momentum3
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 from Smartkarma have assessed Indian Hotels using their Smart Scores system, which rates different aspects of a company to determine its long-term outlook. Indian Hotels, operating under The Taj Group of hotels, received a mix of scores across various factors. The company scored moderately in terms of Value and Momentum, indicating a stable but not exceptional performance in these areas. However, Indian Hotels fared better in Dividend, Growth, and Resilience, with above-average scores in these categories.

Indian Hotels Company Limited, known for its presence in the Luxury, Business, and Leisure hotel segments, has displayed solid potential for growth and resilience, as per the Smartkarma Smart Scores assessment. With a focus on enhancing dividends, fostering growth, and maintaining resilience in the face of challenges, Indian Hotels seems equipped to navigate the competitive hospitality industry and capitalize on opportunities in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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JSW Steel Ltd (JSTL) Earnings: 1Q Net Income Drops 64%, Misses Estimates Despite Revenue Growth

By | Earnings Alerts
  • JSW Steel’s net income for Q1 is 8.45 billion rupees, a 64% decrease year-over-year, missing the estimate of 12.8 billion rupees.
  • Revenue stands at 429.4 billion rupees, a slight increase of 1.7% compared to the previous year, surpassing the estimate of 423.34 billion rupees.
  • Total costs have risen to 417.2 billion rupees, marking a 6.9% increase year-over-year.
  • Raw material costs have decreased by 7.8% year-over-year, totaling 214.6 billion rupees.
  • Expenses for purchased power, fuel, and transmission have increased by 3.4% year-over-year to 39.1 billion rupees, above the estimated 36.69 billion rupees.
  • Other income has dropped by 50% year-over-year, amounting to 1.64 billion rupees.
  • Operating EBITDA is reported at 55.1 billion rupees, slightly below the estimate of 57.81 billion rupees.
  • EBITDA margin stands at 12.8%, compared to last year’s 16.7%.
  • The company completed the transfer of Slurry Line to JSW Infra for 17 billion rupees.
  • Shares of JSW Steel fell by 4.5% to 889.45 rupees, with 3 million shares traded.
  • The stock currently has 16 buy ratings, 7 hold ratings, and 7 sell ratings from analysts.

JSW Steel Ltd on Smartkarma

Analysts on Smartkarma have been closely monitoring JSW Steel Ltd, with recent reports providing a mixed outlook on the company’s performance. Trung Nguyen from Lucror Analytics highlighted that while the Q4/23-24 results were soft, the full-year numbers were decent with robust operational stats. The share of value-added products was high and expected to increase further. Despite some concerns about liquidity, there is optimism for a stronger FY 2024-25 with higher revenue and earnings anticipated. Steel prices are expected to remain stable, presenting potential upside, although this could be dampened by increased debt due to growing capex.

Another analyst, Leonard Law, CFA, also expressed a bearish sentiment towards JSW Steel Ltd in their Morning Views report on Smartkarma. Offering fundamental credit analysis and trade recommendations, the report indicated a cautious stance on the company. Details on key company-specific developments were shared, emphasizing the importance of market indicators and a macroeconomic outlook. Leonard Law’s report provides a comprehensive overview of the factors influencing JSW Steel Ltd‘s position in the market, contributing valuable insights for investors looking to navigate the steel industry landscape.


A look at JSW Steel Ltd Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience2
Momentum3
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

JSW Steel Ltd, an integrated steel producer with manufacturing facilities across India, shows a promising long-term outlook based on its Smartkarma Smart Scores. With a high Value score of 4, the company is deemed to be attractively priced compared to its intrinsic value. Additionally, having a Dividend score of 3 indicates a moderate but stable dividend payout, which can be appealing to income-seeking investors. While the Growth and Momentum scores stand at 3 each, suggesting a steady pace of expansion and market performance, the Resilience score of 2 indicates some vulnerability to economic downturns.

Overall, JSW Steel Ltd seems well-positioned for long-term success, balancing strong value, moderate dividend returns, and steady growth momentum. With a diversified product portfolio including hot rolled coils, cold rolled coils, wire rods, and galvanized coils and sheets, the company demonstrates resilience in the competitive steel industry. Investors may find JSW Steel Ltd an attractive prospect for potential growth and value opportunities in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Fifth Third Ban (FITB) Earnings: 2Q Average Deposits Miss Estimates, EPS Hits 81c

By | Earnings Alerts
  • Fifth Third’s average deposits were $167.19 billion, falling short of the estimate of $169.12 billion.
  • Average portfolio loans and leases stood at $116.89 billion.
  • Net interest income (FTE) was reported at $1.39 billion, just below the estimate of $1.4 billion.
  • Net interest margin was slightly higher at 2.88%, compared to the estimate of 2.83%.
  • EPS was reported at 81 cents.
  • Provisions for credit losses amounted to $97 million, which was lower than the estimated $102.5 million.
  • Net credit recoveries were $144 million, which exceeded the expected charge-off of $141.8 million.
  • Common equity Tier 1 ratio was 10.6%, slightly above the estimate of 10.5%.
  • The efficiency ratio was reported at 58.5%, higher than the estimate of 57.3%.
  • Tier 1 ratio met expectations at 11.9%.
  • Adjusted non-interest income was at $717 million, close to the estimate of $717.5 million.
  • Non-interest expenses were $1.22 billion, slightly above the estimated $1.21 billion.
  • Compensation expenses were $656 million, nearly matching the estimate of $658.9 million.
  • Analyst ratings include 13 buys, 11 holds, and zero sells.

A look at Fifth Third Ban Smart Scores

FactorScoreMagnitude
Value4
Dividend4
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

According to Smartkarma Smart Scores, Fifth Third Bancorp shows a promising long-term outlook with solid scores across various key factors. With high scores in value and dividend, the company demonstrates strong fundamentals in terms of its financial health and ability to provide returns to investors. Additionally, its momentum score indicates a positive trend in the company’s performance.

While Fifth Third Bancorp scores lower in resilience and growth factors, the overall outlook remains optimistic based on the Smart Scores assessment. As a diversified financial services company operating in key regions of the United States, including retail and commercial banking, investment advisory, and data processing, Fifth Third Bancorp is positioned for continued growth and stability in the long term.


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

By | Earnings Alerts






  • Wipro’s net income for the first quarter was 30.03 billion rupees, up 4.6% from the previous year.
  • This net income beat analysts’ estimates of 29.31 billion rupees.
  • Revenue for the quarter was 219.6 billion rupees, a decrease of 3.8% year-over-year.
  • IT services revenue stood at 219 billion rupees, also down 3.8% year-over-year.
  • IT products revenue saw a sharp decline of 32%, amounting to 469 million rupees.
  • Total costs were reduced by 5.1%, coming in at 186.7 billion rupees.
  • Employee benefits expenses fell by 5.7% to 132.3 billion rupees, better than the estimated 135.93 billion rupees.
  • Other income increased by 14% to 7.3 billion rupees.
  • Despite the positive net income, Wipro shares fell 2.8% to 557.20 rupees, with 13.2 million shares traded.
  • Market sentiment shows 12 buy ratings, 13 hold ratings, and 20 sell ratings on Wipro’s shares.



Wipro Ltd on Smartkarma



Analyst coverage of Wipro Ltd on Smartkarma reveals insights from Janaghan Jeyakumar, CFA. In the report “Quiddity Leaderboard BSE/SENSEX Jun 24: Jio Financial Addition Creates New Possibilities,” the analyst predicts that Wipro is likely to underperform Tata Consultancy Services in the near future. Highlighting the upcoming index rebalancing event in June 2024, the report discusses Wipro’s potential deletion from the SENSEX index and the uncertainty surrounding its replacement. Additionally, the report identifies Jio Financial Services as a potential new addition to the BSE 100 index, leading to significant changes in index expectations.

In another report by Janaghan Jeyakumar, CFA, titled “Quiddity Leaderboard BSE/SENSEX Jun 24: Who Will Replace Wipro?,” the analyst presents Wipro as a high conviction deletion candidate from the SENSEX index in June 2024. The report delves into the challenges of determining Wipro’s replacement due to conflicting size-based rankings and sectoral considerations. While the current outlook points to potential index changes for SENSEX, there remains room for adjustments during the reference period. Moreover, the report suggests the possibility of multiple additions and deletions for the BSE 100 and BSE 200 indices, indicating a dynamic market landscape.



A look at Wipro Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
Resilience5
Momentum3
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

Wipro Ltd, a company specializing in IT and computer technologies, is forecasted to have a positive long-term outlook based on its Smart Scores. With a Value score of 3, the company is considered to be reasonably priced in the market. While the Dividend score of 2 indicates a moderate dividend performance, the Growth score of 3 suggests steady growth potential. Furthermore, Wipro’s high Resilience score of 5 signifies a strong ability to withstand market fluctuations. The Momentum score of 3 reflects a stable performance trend. Overall, Wipro Ltd is positioned well for the future with strong resilience and growth potential.

Wipro Limited’s diverse range of services, including software architecture, e-commerce, IT consulting, and consumer products, provides a solid foundation for its future prospects. The company’s Smart Scores highlight its balanced performance across different factors, indicating a stable and promising outlook in the long term. With a focus on innovation and adaptability in the rapidly evolving IT industry, Wipro is poised to leverage its strengths and capitalize on new opportunities for growth. Investors may find Wipro Ltd to be a compelling choice for long-term investment based on its overall positive Smart Scores and strategic positioning in the market.


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

By | Earnings Alerts
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  • Total deposits were $126.90 billion, slightly below the estimate of $127.57 billion.
  • Total loans reached $97.28 billion, surpassing the estimate of $96.23 billion.
  • Net interest income FTE was $1.20 billion, which was above the expected $1.18 billion.
  • The FTE net interest margin came in at 3.51%, beating the estimate of 3.47%.
  • Earnings per share (EPS) stood at 52 cents.
  • The Common Equity Tier 1 ratio was 10.4%, just under the estimate of 10.5%.
  • Adjusted revenue was $1.78 billion, slightly ahead of the $1.77 billion estimate.
  • Non-interest income was $545 million, below the estimate of $583.9 million.
  • Net charge-offs were $101 million, which was better than the estimated $117.1 million.
  • Non-interest expenses were $1.00 billion, better than the estimate of $1.02 billion.
  • The provision for credit losses was $102 million, significantly below the estimated $136.9 million.

Comments:

  • Incident levels have normalized to expected levels.
  • The company anticipates operational losses of approximately $100 million for the full year 2024.
  • “Our teams delivered solid second-quarter results driven by the successful execution of Regions’ business strategies.”

Analyst Ratings:

  • 9 buys
  • 16 holds
  • 1 sell

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A look at Regions Financial Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience4
Momentum4
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

Regions Financial Corporation, a regional multi-bank holding company, presents a promising long-term outlook based on its strong Smartkarma Smart Scores. With a notable Value score of 4, Regions Financial is considered fundamentally sound in terms of its financial health and market valuation. Alongside its solid Dividend score of 4, indicating consistent and attractive dividend payouts, investors can find appeal in the company’s dividend yield potential.

Additionally, the company’s Resilience score of 4 highlights its ability to weather economic uncertainties and challenges, making it a relatively safe investment choice. The Momentum score of 4 suggests positive market momentum, reflecting growing investor interest and confidence. While the Growth score of 3 is slightly lower, Regions Financial‘s diversified range of financial services across key regions in the United States positions it well for sustainable growth in the long run.

Summary:

Regions Financial Corporation is a regional multi-bank holding company that offers a range of financial services, including mortgage banking, insurance, leasing, and securities brokerage. Operating mainly in the South, Midwest, and Eastern United States, Regions Financial is well-positioned to leverage its established presence and Smartkarma Smart Scores to drive steady performance and value for 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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Bharat Petroleum Corp (BPCL) Earnings Exceed Projections Despite 71% Y/Y Net Income Drop

By | Earnings Alerts






  • BPCL’s net income for 1Q 2024 is 30.1 billion rupees, which is a 71% decrease year-on-year.
  • This net income figure is higher than the estimated 26.21 billion rupees.
  • Revenue for the quarter stands at 1.28 trillion rupees, matching last year’s figure and exceeding the estimate of 1.17 trillion rupees.
  • Total costs rose to 1.25 trillion rupees, an increase of 8.7% compared to the same period last year.
  • BPCL’s refining margin dropped by 38% year-on-year to $7.86.
  • BPCL shares fell by 4.6% to 303.50 rupees, with 16.3 million shares traded.
  • Investment analyst ratings include 18 buys, 5 holds, and 10 sells.



A look at Bharat Petroleum Corp Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth3
Resilience3
Momentum4
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

Based on the Smartkarma Smart Scores, Bharat Petroleum Corp is positioned favorably for long-term success. With a high Dividend score of 5, investors can expect steady returns from the company. Additionally, the Value score of 4 indicates that the company is reasonably priced relative to its intrinsic value, making it an attractive investment option. Furthermore, the Momentum score of 4 suggests that Bharat Petroleum Corp is showing strong positive market momentum, which bodes well for its future performance.

Although the Growth and Resilience scores are slightly lower at 3, Bharat Petroleum Corp‘s overall outlook remains positive. The company’s core business of exploring, refining, and manufacturing petroleum products, along with its expansive retail presence across the country, positions it well for continued success in the long term.


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