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Smartkarma Newswire

Evolution Mining (EVN) Q4 Earnings: Gold Production Meets Estimates with 212,070 oz

By | Earnings Alerts
  • Evolution Mining‘s gold production for Q4 2024 met estimates at 212,070 ounces.
  • The estimated gold production was 212,947 ounces.
  • Cowal mine produced 94,826 ounces of gold.
  • Ernest Henry mine produced 19,458 ounces of gold.
  • Mungari mine produced 34,378 ounces of gold.
  • Mt Rawdon mine produced 19,544 ounces of gold.
  • All-in sustaining costs were A$1,275 per ounce.
  • Gold sales volume reached 206,598 ounces.
  • Stock analyst ratings included 10 buys, 5 holds, and 4 sells.

A look at Evolution Mining Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE2.6

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

Based on the Smartkarma Smart Scores, Evolution Mining holds a favorable long-term outlook. With solid scores in areas like Value, Growth, and Momentum, the company appears to be well-positioned for future success. Evolution Mining‘s focus on value and growth, combined with positive momentum, suggests a promising trajectory ahead. Although some areas like Dividend and Resilience have slightly lower scores, the overall picture points towards a positive long-term outlook for the company.

Evolution Mining Ltd, a gold exploration company with operations in Western Australia, seems poised for continued growth and success. With key assets including the Cracow, Edna May, Mt Rawdon, and Pajingo gold mines, as well as the Mt Carlton development project, Evolution Mining has a strong foundation for future prosperity. The Smart Scores highlight the company’s strength in value, growth, and momentum, indicating a promising path forward for Evolution Mining 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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Prologis Inc (PLD) Earnings: 2Q Net Income Surpasses Estimates with MXN1.03 Billion

By | Earnings Alerts
  • Net Income: Fibra Prologis reported a net income of MXN1.03 billion, surpassing the estimate of MXN943 million.
  • Revenue: The company’s revenue was MXN1.51 billion, slightly below the estimated MXN1.52 billion.
  • Market Sentiment: The stock has received 8 buy ratings, 3 hold ratings, and 1 sell rating from analysts.
  • Upcoming Conference Call: Management will discuss the results during a call at 9 a.m. Mexico City time on July 18.

A look at Prologis Inc Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
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

Prologis Inc, a key player in the industrial real estate sector with a global presence across the Americas, Europe, and Asia, has garnered positive Smartkarma Smart Scores in several key areas. The company’s strong outlook in dividends and growth, with respective scores of 4, reflects a solid financial performance and potential for future expansion. Moreover, Prologis Inc‘s resilience score of 3 underscores its ability to weather market challenges and maintain stability over the long term. While the company’s value and momentum scores are equally solid at 3, indicating a balanced position in terms of market value and performance.

In summary, Prologis Inc stands out as a reputable owner, operator, and developer of industrial real estate, providing modern distribution facilities to a diverse range of customers globally. With favorable Smartkarma Smart Scores in key areas such as dividends, growth, and resilience, the company appears well-positioned for sustained success in the competitive real estate 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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Steel Dynamics (STLD) Earnings: 2Q Adjusted EBITDA Misses Estimates Despite Strong Net Sales

By | Earnings Alerts
  • Adjusted EBITDA: Missed estimates with $686.4 million versus the expected $698.9 million.
  • Earnings Per Share (EPS): $2.72.
  • Net Sales: Exceeded estimates at $4.63 billion compared to the expected $4.42 billion.
  • Steel Net Sales: $3.13 billion, slightly above the $3.07 billion estimate.
  • Steel Fabrication Net Sales: $472.8 million, outperforming the estimate of $446 million.
  • Metals Recycling Net Sales: $586.4 million, higher than the expected $554 million.
  • Other Products Net Sales: Significantly above estimates at $441.1 million versus $305.4 million.
  • Ferrous Shipments: 1.51 million tons, well above the estimate of 561,900 tons.
  • Nonferrous Shipments: 304.02 million pounds, surpassing the estimate of 292.22 million pounds.
  • Steel Fabrication Shipments: 159,069 tons, slightly higher than the estimate of 153,135 tons.
  • Cash Flow from Operations: Fell short at $382.6 million compared to the expected $632.7 million.
  • Liquidity: Strong liquidity maintained at $2.7 billion.
  • Organic Growth Investment: $419 million invested in growth projects.
  • Shareholder Return: $382 million distributed through cash dividends and share repurchases.
  • Market Dynamics: Stable underlying steel demand in the second quarter, contrasting with lower realized selling values in steel operations.
  • Customer Orders: Inconsistency within the steel platform and very low inventory levels despite the stable demand.
  • Analyst Ratings: 2 buys, 7 holds, and 4 sells.

Steel Dynamics on Smartkarma


Analyst coverage of Steel Dynamics on Smartkarma has been positive, with insights from Baptista Research shedding light on the company’s strong performance and growth potential. In their report “Steel Dynamics: How Long Will The Stability in Demand Across Operating Platforms Last? – Major Drivers,” Steel Dynamics showcased near-record quarterly steel shipments of 3.3 million tons and the introduction of new value-added flat rolled steel coating lines, contributing to product diversification with higher-margin products.

Furthermore, Baptista Research‘s analysis in “Steel Dynamics: Can The Robust Demand and Favorable Market Conditions Catalyze Growth In 2024? – Major Drivers” emphasized the company’s strategic advantages and operational excellence. Highlighting a record safety year and impressive financial achievements in Q4 and FY2023, Steel Dynamics reported revenues of $18.8 billion and cash flow from operations at $3.5 billion, positioning itself for potential growth in the coming years.



A look at Steel Dynamics Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
Resilience3
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

Steel Dynamics, Inc. is positioned for a promising long-term future, with a standout Smartkarma Smart Score of 5 for Growth. As a diversified carbon-steel producer based in the U.S., the company’s focus on expanding and evolving its operations bodes well for sustained growth opportunities. Additionally, with respectable scores of 3 for both Value and Resilience, Steel Dynamics demonstrates a solid foundation and adaptability in the ever-changing market landscape, enhancing its attractiveness to potential investors.

While the company’s Dividend and Momentum scores are at 2 and 3 respectively, the strong showing in Growth highlights Steel Dynamics‘ potential for future development and value creation. With its varied product offerings that include flat rolled steel sheet and structural beams, Steel Dynamics is well-positioned to capitalize on growth opportunities in the steel industry, providing investors with a compelling option for long-term investment consideration.


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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Discover Financial Services (DFS) Earnings: Surpassing Estimates with Robust 2Q Performance

By | Earnings Alerts
  • Discover Financial’s Q2 loans amounted to $127.6 billion, matching estimates closely.
  • Loans increased by 0.8% quarter-over-quarter (q/q), against an estimate of $127.71 billion.
  • Net interest margin increased to 11.2% from 11% (q/q), beating the estimate of 10.7%.
  • Earnings per share (EPS) saw significant growth to $6.06 from $3.54 year-over-year (y/y).
  • Revenue net of interest expense rose to $4.54 billion, a 17% increase y/y, exceeding the estimate of $4.17 billion.
  • Provision for credit losses significantly decreased by 43% y/y to $739 million, well below the estimate of $1.6 billion.
  • Charge-offs were at 4.83%, up from 3.22% y/y but still below the estimate of 4.96%.
  • Analyst Recommendations: 6 buys, 14 holds, 0 sells.

A look at Discover Financial Services Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth3
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

Discover Financial Services is positioned well for the long term, boasting a solid overall outlook based on Smartkarma Smart Scores. The company scores a consistent 3 across key factors such as Value, Dividend, Growth, and Resilience, indicating a stable performance in these areas. Furthermore, Discover Financial Services shows promising Momentum with a score of 4, suggesting positive market traction. Combining these scores, Discover Financial Services appears to be a robust player in the financial sector.

As a credit card issuer and electronic payment services company, Discover Financial Services offers a range of financial products including credit cards, student and personal loans, and savings products like certificates of deposit. Additionally, the company operates an extensive ATM/debit network across the nation. With balanced Smart Scores across important metrics, Discover Financial Services seems well-positioned to maintain its competitive edge and achieve sustained growth in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Principal Financial (PFG) Earnings: 2Q AUM Meets Estimates with $699.2 Billion Under Management

By | Earnings Alerts
  • Principal Global Investors’ assets under management (AUM) totaled $513.2 billion.
  • This figure met the estimated AUM of $518.01 billion.
  • Principal Asset Management reported an AUM of $553.1 billion.
  • Total assets under management for Principal Financial Group (PFG) reached $699.2 billion.
  • Principal International’s AUM was $171.1 billion, slightly below the estimated $175.9 billion.
  • Investment recommendations included 1 buy, 12 holds, and 1 sell.

A look at Principal Financial Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience4
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

Principal Financial Group, Inc. presents a mixed bag of Smart Scores as per the analysis by Smartkarma. With a solid Dividend score of 4 and Resilience score of 4, the company demonstrates strength in rewarding investors and withstanding market challenges. This indicates a stable income stream for investors and a certain level of protection during economic uncertainties. On the other hand, the Value, Growth, and Momentum scores standing at 3 each suggest moderate performance in terms of undervaluation, future growth potential, and market sentiment momentum.

Considering the company’s primary focus on providing financial products and services to a wide range of clients, including retirement solutions and insurance products, the outlook for Principal Financial appears cautiously optimistic for long-term investors. While not excelling in any particular factor, the combination of consistent dividends and resilience could offer a steady return on investment over time, balancing potential growth opportunities. Investors may find Principal Financial a reliable choice for a diversified and stable portfolio.


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

By | Earnings Alerts
  • 2Q AFFO/Share Miss: Reported AFFO/share is $1.62, below the estimate of $1.66.
  • FFO Figures: FFO per share came in at $1.54, slightly below the estimate of $1.58.
  • Net Revenue: Net revenue was $1.63 billion, just above the estimate of $1.62 billion.
  • Segment Revenues:
    • Towers Segment: Revenue matched the estimate at $1.11 billion.
    • Fiber Segment: Revenue was $519 million, below the estimate of $523.9 million.
  • Site Rental Revenues: Achieved $1.58 billion, higher than the estimate of $1.55 billion.
  • Service and Other Revenue: Reported $46 million, significantly below the estimate of $55.3 million.
  • Overall FFO and AFFO: FFO totaled $669 million (estimate: $673.6 million) and AFFO totaled $704 million (estimate: $717.4 million).
  • Adjusted EBITDA: Matched the estimate at $1.01 billion.
  • Year Forecasts:
    • FFO: $2.86 billion to $2.89 billion (estimate: $2.91 billion).
    • AFFO: $3.01 billion to $3.06 billion (estimate: $3.03 billion).
    • Site Rental Revenues: $6.32 billion to $6.36 billion (estimate: $6.35 billion).
    • Adjusted EBITDA: $4.14 billion to $4.19 billion (estimate: $4.17 billion).
  • Core Leasing Activity for Full Year 2024:
    • Expected contribution: $305 million to $335 million.
    • From towers: $105 million to $115 million (2023: $126 million).
    • From small cells: $65 million to $75 million (2023: $28 million).
    • From fiber solutions: $135 million to $145 million (2023: $120 million).
  • Small Cell Organic Growth: Expected to be 10% in 2024, excluding Sprint cancellations and non-recurring revenues.
  • Interest Expense: Expected to be $78 million to $123 million higher than 2023, due to incremental debt financing for discretionary capital expenditures.
  • Operational Changes: Implemented changes in June, leading to field office and staffing reductions. This is expected to result in $100 million annualized run-rate operating cost savings.
  • Analyst Recommendations: 7 buys, 14 holds, and 2 sells.

A look at Crown Castle Intl Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth4
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

According to the Smartkarma Smart Scores, Crown Castle Intl has a promising long-term outlook based on its high scores in Dividend and Growth. With a strong score of 5 in Dividend and 4 in Growth, the company appears well-positioned to provide stable returns to investors while also exhibiting potential for expansion in the future. Despite lower scores in Value and Resilience, the company’s momentum score of 3 suggests a decent level of market momentum that could drive further growth.

Crown Castle International Corp., a real estate investment trust, operates and leases towers for wireless communications, managing infrastructure sites in the United States and Australia. With a focus on providing reliable wireless communication coverage, the company’s high Dividend and Growth scores indicate a positive outlook for investors seeking both income and potential capital appreciation 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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United Airlines Holdings (UAL) Earnings: 2Q Adjusted EPS Surpasses Estimates at $4.14

By | Earnings Alerts






  • Adjusted EPS: $4.14 vs. $5.03 y/y, beat the estimate of $3.93.
  • Operating Revenue: $14.99 billion, up 5.7% y/y, slightly below the estimate of $15.04 billion.
  • Passenger Revenue: $13.68 billion, up 5.2% y/y, slightly below the estimate of $13.74 billion.
  • Cargo Revenue: $414 million, up 14% y/y, exceeding the estimate of $376.8 million.
  • Other Revenue: $892 million, up 9.6% y/y, surpassing the estimate of $881.4 million.
  • PRASM: 17.17 cents, down 2.9% y/y.
  • Revenue Passenger Miles: 67.06 billion, up 5.5% y/y, below the estimate of 67.73 billion.
  • Average Yield per Revenue Passenger Mile: 20.40 cents vs. 20.46 cents y/y.
  • Available Seat Miles: 79.68 billion, up 8.3% y/y, beating the estimate of 78.73 billion.
  • Load Factor: 84.2% vs. 86.4% y/y, below the estimate of 85.9%.
  • Fuel Consumed: 1.13 billion gallons, up 6.8% y/y, slightly above the estimate of 1.12 billion gallons.
  • Average Price per Fuel Gallon: $2.76, up 3.8% y/y, below the estimate of $2.81.
  • Full-Year 2024 EPS Projection: Company expects adjusted diluted EPS of $9 to $11.
  • Analyst Ratings: 20 buys, 1 hold, 1 sell.



United Airlines Holdings on Smartkarma

Analysts on Smartkarma, like Baptista Research, are closely following United Airlines Holdings. In a recent report titled “United Airlines: Are The Recent Delays & Safety Concerns A Major Factor That Could Slow Them Down? – Key Drivers,” Baptista Research highlighted that during the latest fourth quarter and full-year 2023 earnings, United Airlines’ management team expressed positive sentiments. Despite facing global headwinds, the airline’s performance for 2023 was seen as a clear demonstration of the effectiveness of its United Next plan, supported by diversified revenue streams and strong operational metrics. United Airlines also surpassed expectations by posting full-year EPS above $10, meeting its initial target range.


A look at United Airlines Holdings Smart Scores

FactorScoreMagnitude
Value4
Dividend1
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

United Airlines Holdings Inc, a prominent airline holding company, appears to have a promising long-term outlook based on the Smartkarma Smart Scores. With strong scores in Value and Growth, the company seems well-positioned in terms of financial health and potential for expansion. The high value score reflects a favorable assessment of the company’s undervaluation compared to its intrinsic worth, while a solid growth score indicates positive expectations for future business development. Despite lower scores in Dividend, Resilience, and Momentum, the overall outlook for United Airlines Holdings is optimistic, driven by its robust value and growth prospects.

As an airline industry player with substantial operations both domestically and internationally, United Airlines Holdings Inc has shown resilience amidst challenges. While the company’s lower scores in Dividend and Resilience suggest areas for potential improvement, its strengths in Value and Growth paint a promising picture for the future. The neutral momentum score indicates steady performance without significant fluctuations. Overall, United Airlines Holdings appears well-positioned to capitalize on opportunities for growth and value creation, despite facing some headwinds in terms of dividend payouts and resilience measures.


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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Northern Trust (NTRS) Earnings: Q2 Provision for Credit Losses Exceeds Estimates, EPS Soars to $4.34

By | Earnings Alerts
  • Provision for credit losses: $8.0 million, significant turnaround from a recovery of $15.5 million last year.
  • Earnings per Share (EPS): $4.34, a strong increase from $1.56 last year, and surpassing the estimate of $2.94.
  • Non-interest expenses: $1.53 billion, up 15% from last year, and higher than the estimated $1.35 billion.
  • Return on average common equity: 31.2%, more than doubling from 12.4% last year.
  • Return on average assets: 2.44%, a substantial increase from 0.91% last year.
  • Assets under custody/administration: $16.57 trillion, a 14% increase from last year.
  • Assets under custody: $13.04 trillion, up 16% from last year, exceeding the estimate of $12.97 trillion.
  • Assets under management: $1.53 trillion, a 12% increase year-over-year, slightly below the estimate of $1.55 trillion.
  • Trust, investment & other servicing fees: $1.17 billion, a 6.4% increase year-over-year, meeting the estimate.
  • Effective tax rate: 23.6%, down from 24.7% last year, and below the estimated 24.5%.
  • FTE revenue: $2.72 billion, a significant 54% increase from last year, surpassing the estimate of $1.84 billion.
  • Net interest margin FTE: 1.57%, a slight decrease from 1.61% last quarter, and below the estimate of 1.59%.
  • Net interest income FTE: $529.8 million, a slight 1% decrease from last quarter, but above the estimate of $520 million.
  • Stock performance: Shares fell by 4.2% to $86.99 on a volume of 611,326 shares traded.
  • Analyst ratings: 3 buys, 11 holds, and 3 sells.

A look at Northern Trust Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience5
Momentum4
OVERALL SMART SCORE4.0

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

According to Smartkarma’s Smart Scores, Northern Trust Corporation seems to have a positive long-term outlook. With high scores in Value, Dividend, and Momentum, the company appears to be in a strong position. Its focus on providing investment management and banking solutions for corporations and individuals bodes well for its overall growth potential. Additionally, Northern Trust‘s resilience score suggests that the company may be well-equipped to weather any market fluctuations effectively.

As a financial holding company, Northern Trust Corporation is known for its expertise in investment management, asset administration, and banking services. Its solid scores in various factors indicate a promising outlook for the company’s future performance. With a strong emphasis on value, dividend payments, and maintaining momentum, Northern Trust seems positioned for continued success in the financial services 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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### Prologis Inc (PLD) Earnings: Narrowed FY Core FFO Forecast and Strong Q2 Results Exceed Estimates

By | Earnings Alerts
  • FY Core FFO Forecast Narrowed: Prologis now expects Core Funds From Operations (FFO) per share between $5.39 and $5.47, slightly up from the previous range of $5.37 to $5.47.
  • EPS Forecast Increase: The Earnings Per Share (EPS) forecast is revised to a range of $3.25 to $3.45, up from $3.15 to $3.35.
  • Second Quarter Core FFO: Core FFO per share for the second quarter is $1.34, surpassing the estimate of $1.33.
  • Second Quarter EPS: EPS for Q2 stands at $0.92.
  • Occupancy Rate: Occupancy in the second quarter was 96.1%, just below the forecasted 96.5%.
  • Revenue Beat Estimates: Revenue for the second quarter was $2.01 billion, higher than the estimate of $1.94 billion.
  • Operating Income: Operating income for Q2 was $1.02 billion.
  • Net Operating Income: Net operating income was reported at $1.41 billion.
  • Meeting Core FFO Expectations: Core FFO for the quarter came in at $1.28 billion, slightly exceeding the estimate of $1.27 billion.
  • Slight Increase in General and Administrative Expenses: These expenses were $106.6 million, marginally higher than the expected $105.3 million.
  • CEO’s Comments: Hamid R. Moghadam, Co-founder and CEO, stated, “We continue to outperform the industry, driven by our team and the quality of our assets.”
  • Stock Recommendations: Analysts’ ratings include 21 buys, 6 holds, and 0 sells.

A look at Prologis Inc Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
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

Prologis Inc, a leading industrial real estate company with a global presence across the Americas, Europe, and Asia, has garnered positive outlook scores across various key factors. With a solid dividend score of 4 and robust growth score of 4, the company demonstrates promising potential for long-term investors looking for stable returns and expansion possibilities. Additionally, Prologis Inc scores well in resilience and momentum, highlighting its ability to withstand market disruptions and maintain a steady growth trajectory. Although the value score is at a moderate level of 3, the overall outlook remains positive for Prologis Inc, making it a potentially attractive investment option in the industrial real estate sector.

Prologis Inc stands out as a prominent player in the industrial real estate sector, offering modern distribution facilities to a diverse range of customers including manufacturers, retailers, and logistics providers. The company’s strong emphasis on global and regional markets underscores its strategic positioning for long-term growth and stability. With favorable scores in dividend, growth, resilience, and momentum, Prologis Inc showcases a solid foundation for sustained performance and value creation for investors. Overall, Prologis Inc‘s balanced profile across key factors bodes well for its ability to navigate market dynamics and capitalize on opportunities in the industrial real estate landscape.


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

By | Earnings Alerts
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  • Total Deposits: $152.15 billion, missing the estimate of $155.1 billion.
  • Core Return on Tangible Common Equity: +14%, well above the estimate of +9.17%
  • Net Interest Margin: 3.27% compared to 3.38% last year, slightly above the estimate of 3.26%.
  • Adjusted EPS: 97 cents, exceeding the estimate of 64 cents and last year’s 96 cents.
  • Net Revenue: $2.00 billion, down 3.8% from last year and below the estimate of $2.03 billion.
  • Provision for Loan Losses: $457.0 million, up 7% from last year but below the estimate of $488.3 million.
  • Net Charge-Offs: $435 million, up 9% from last year but below the estimate of $481.3 million.
  • Net Charge-Offs Ratio: 1.26% compared to 1.16% last year.
  • Consumer Auto Originations: $9.8 billion, down 5.8% from last year and below the estimate of $10.51 billion.
  • Future Net Interest Margin Outlook: Around 3.3% for the year.
  • Stock Buybacks: No share buybacks on the open market during the quarter.
  • Analyst Ratings: 12 buys, 9 holds, 2 sells.

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Ally Financial on Smartkarma



Analysts on Smartkarma are bullish on Ally Financial, as highlighted in a recent report by Value Investors Club. The author of the report sees significant long-term growth potential in Ally’s stock, suggesting it could triple in value. Despite potential short-term risks, Ally is viewed favorably due to its strong capital position and strategic focus on digital banking. The company’s commitment to pricing and underwriting discipline adds to its appeal, with analysts confident in Ally’s ability to navigate challenges. This positive sentiment is underpinned by expectations of benefiting from potential economic recovery and rising interest rates.




A look at Ally Financial Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience2
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

Ally Financial Inc., a leading automotive financial services company with a direct banking arm, is showing promising signs for its long-term outlook based on the Smartkarma Smart Scores. With strong ratings in Value and Momentum, scoring 4 and 4 respectively, Ally Financial is positioned well in terms of its underlying value and market momentum. These scores suggest that the company is considered undervalued and has positive price momentum, which could attract investors looking for growth potential.

While the company scores slightly lower in Dividend, Growth, and Resilience with ratings of 3, 3, and 2 respectively, Ally Financial‘s overall outlook remains positive. The company’s diversified portfolio and strategic position in the automotive financial services sector indicate resilience to market fluctuations. Investors may find Ally Financial a solid choice for long-term growth prospects backed by its robust financial services platform and banking infrastructure.


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.


 

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Sign Up for Free

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

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