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Smartkarma Newswire

National Bank of Kuwait SAKP (NBK) Earnings: 3Q Net Income Exceeds Estimates with 5.7% Increase

By | Earnings Alerts
  • Net Income: NBK’s net income for the third quarter reached 164.6 million dinars, marking a 5.7% increase compared to the previous year, and surpassing the estimate of 147.4 million dinars.
  • Operating Revenue: Achieved 318.6 million dinars, a 7% year-on-year growth, beating the forecast of 312.3 million dinars.
  • Operating Profit: Reported at 202.7 million dinars, an increase of 4.3% from the previous year.
  • Earnings Per Share (EPS): EPS improved to 0.0190 dinars from 0.0180 dinars year-on-year.
  • Net Interest Income: Increased by 6% year-on-year, reaching 197.7 million dinars.
  • Non-Interest Income: Rose by 4.9% year-on-year to 67.2 million dinars.
  • Operating Expenses: Increased significantly by 12% year-on-year, totaling 115.9 million dinars.
  • Impairments: Saw a substantial decrease of 24% year-on-year, down to 13.7 million dinars.
  • Market Opinion: The stock has 2 buy recommendations, 4 hold, and 3 sell ratings.

A look at National Bank of Kuwait SAKP Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience2
Momentum3
OVERALL SMART SCORE2.8

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

The long-term outlook for National Bank of Kuwait S.A.K. is mixed, according to Smartkarma Smart Scores analysis. While the bank shows strength in growth and dividend payouts, it lags in value and resilience factors. The growth score of 4 indicates a positive trajectory for the bank’s expansion and profitability potential. In terms of dividends, the bank scores a respectable 3, implying a stable payout to investors. However, the value and resilience scores stand at 2, suggesting the bank may be trading at a higher valuation and could face challenges in turbulent market conditions. Momentum is moderate at 3, reflecting a steady performance trend.

National Bank of Kuwait S.A.K. is a commercial bank with a presence through local and overseas branches as well as subsidiaries. While the bank exhibits promising growth prospects and a decent dividend track record, investors may need to assess the overall valuation and resilience aspects carefully. With a balanced score across different factors, the bank’s performance in the long run will likely depend on its ability to navigate market challenges and sustain its growth 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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Prologis Inc (PLD) Earnings: 3Q Core FFO Surpasses Estimates with $1.43 per Share

By | Earnings Alerts
  • Prologis reported a Core FFO (Funds From Operations) per share of $1.43, surpassing the estimate of $1.38.
  • Earnings per Share (EPS) stood at $1.08.
  • Occupancy rate was recorded at 95.9%, slightly below the estimate of 96.3%.
  • Total revenue reached $2.04 billion, exceeding the forecast of $1.94 billion.
  • Prologis achieved an operating income of $1.25 billion.
  • Net operating income was reported at $1.47 billion.
  • The company’s Core FFO amounted to $1.37 billion, beating the estimate of $1.31 billion.
  • General and administrative expenses were $98.2 million, lower than the estimated $102.7 million.
  • Analyst ratings include 19 buys, 8 holds, and no sell recommendations.

A look at Prologis Inc Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.6

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

Prologis Inc, a leading owner, operator, and developer of industrial real estate worldwide, has garnered positive Smartkarma Smart Scores across multiple key factors. With strong scores in Dividend, Growth, Resilience, and Momentum, the company appears well-positioned for long-term success. Prologis Inc‘s solid Dividend and Growth scores suggest potential for steady income and future expansion, while its Resilience score highlights its ability to weather economic uncertainties. Additionally, the company’s Momentum score points to encouraging market performance and growth prospects.

Prologis, Inc. stands out in the industrial real estate sector, catering to a diverse range of customers including manufacturers, retailers, transportation companies, and logistics providers. Its strategic focus on global and regional markets across the Americas, Europe, and Asia underlines its robust presence and growth opportunities. Combined with its favorable Smartkarma Smart Scores, Prologis Inc appears poised for continued success in the long term, offering investors a promising outlook in the industrial real estate 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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Qatar Islamic Bank SAQ (QIBK) Earnings Soar: 9M Net Income Reaches 3.27B Riyals with 6.9% Growth Year-over-Year

By | Earnings Alerts
  • Qatar Islamic Bank’s net income for the first nine months is 3.27 billion riyals, marking a 6.9% increase compared to last year.
  • Earnings per share have risen to 1.38 riyals from 1.29 riyals year-over-year.
  • Total income has seen a 10% increase, reaching 8.64 billion riyals.
  • The cost to income ratio remains steady at 17.3%, unchanged from the previous year.
  • Among analysts, there are two buy ratings and four hold ratings for the bank, with no sell ratings.

A look at Qatar Islamic Bank SAQ Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE3.2

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

Qatar Islamic Bank SAQ, according to Smartkarma Smart Scores, demonstrates a positive long-term outlook. With a strong momentum score of 5, the company shows promising growth potential in the future. Additionally, scoring a 4 in Growth indicates that Qatar Islamic Bank SAQ is well-positioned for expansion and development. Furthermore, the company received a moderate score of 3 in Dividend, suggesting a stable payout to investors. However, in terms of Value and Resilience, Qatar Islamic Bank SAQ scored 2, indicating room for improvement in these areas.

Qatar Islamic Bank (QIB) is a financial institution that specializes in Islamic banking services, attracting deposits and offering Sharia-compliant financing solutions. The bank provides funding for local and international purchases, supports various business projects, and engages in asset leasing activities. Moreover, QIB invests in local businesses, issues letters of credit, and provides guarantees. Given its overall Smartkarma Smart Scores, Qatar Islamic Bank SAQ‘s future outlook appears promising, especially in terms of growth potential 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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Abbott Laboratories (ABT) Earnings: Q3 Outperforms & FY Adjusted EPS Narrowed

By | Earnings Alerts
  • Abbott updated its full-year adjusted EPS forecast to a range of $4.64 to $4.70, previously $4.61 to $4.71. Analysts estimated $4.66.
  • For the fourth quarter, Abbott projects adjusted EPS between $1.31 and $1.37; analysts’ estimate was $1.34.
  • In the third quarter, Abbott reported adjusted EPS of $1.21, an increase from $1.14 year-on-year, surpassing the estimate of $1.20.
  • Organic sales, excluding COVID-19 testing sales, increased by 8.2%, compared to 13.8% the previous year. This was below the estimated 9.32% growth.
  • Net sales reached $10.64 billion, a 4.9% year-on-year increase, exceeding the estimate of $10.55 billion.
  • Nutrition sales slightly declined to $2.07 billion, down 0.3% from the previous year, falling short of the $2.17 billion estimate.
  • Diagnostics sales decreased by 1.5% year-on-year to $2.41 billion, surpassing the $2.3 billion estimate.
  • COVID-19 testing-related sales rose significantly to $265 million, compared to $102 million in the previous quarter. The estimate was $86.6 million.
  • Established pharmaceuticals sales increased by 2.8% year-on-year, totaling $1.41 billion, in line with the $1.4 billion estimate.
  • Medical devices sales grew by 12% year-on-year to $4.75 billion, exceeding the $4.68 billion estimate.
  • Diabetes care sales surged by 17% year-on-year to $1.73 billion, surpassing the estimate of $1.71 billion.
  • Abbott reaffirmed its full-year 2024 organic sales growth target range of 9.5% to 10.0%, excluding COVID-19 testing sales.
  • For the fourth quarter of 2024, the company projected adjusted diluted EPS, excluding specified items, to also be in the $1.31 to $1.37 range.
  • Market consensus included 21 buy ratings, 7 hold ratings, and 1 sell rating for Abbott stock.

Abbott Laboratories on Smartkarma

Abbott Laboratories has garnered positive attention from analysts on Smartkarma, particularly highlighted in the research report by Baptista Research titled “Abbott Laboratories: Expanding Sensor Technology & Other Innovations! – Major Drivers.” Based on the strong second quarter 2024 results, Abbott Laboratories showcased impressive performance across various segments, exceeding analyst expectations. With organic sales growth exceeding 9% and a 16% sequential increase from the previous quarter, the company has confidently raised its full-year guidance, projecting further success. This report reflects a bullish outlook on Abbott Laboratories‘ future prospects.


A look at Abbott Laboratories Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE3.0

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

Abbott Laboratories, a company that focuses on health care products and services, is currently positioned with a moderate outlook across various factors. In terms of value, Abbott Laboratories has received a score of 2, indicating that it offers some value to investors. With a dividend score of 3, the company shows a decent dividend track record that may attract income-focused investors.

Looking at growth, resilience, and momentum, Abbott Laboratories has scored a 3 for each of these factors. This suggests that the company is fairly stable in its operations, exhibiting steady growth potential with a good level of resilience. Additionally, the momentum score of 4 implies that the company’s stock has been performing well relative to its peers 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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Morgan Stanley (MS) Earnings: 3Q Wealth Management Net Revenue Surges Past Estimates

By | Earnings Alerts
  • Wealth management net revenue achieved $7.27 billion, marking a 14% increase compared to the previous year.
  • The wealth management net revenue exceeded expectations, which were estimated at $6.88 billion.
  • Equities sales and trading revenue reached $3.05 billion, reflecting a 21% year-over-year growth.
  • The equities sales and trading revenue surpassed initial estimates of $2.7 billion.
  • The company reported total net revenue of $15.4 billion.
  • Earnings per share (EPS) stood at $1.88.
  • Market analysts’ recommendations include 8 buy, 15 hold, and 2 sell ratings.

A look at Morgan Stanley Smart Scores

FactorScoreMagnitude
Value3
Dividend4
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

Based on the Smartkarma Smart Scores, Morgan Stanley demonstrates a promising long-term outlook. With a strong Dividend score of 4, the company shows a commitment to providing returns to its shareholders. Additionally, a Momentum score of 4 suggests that the company is performing well compared to its peers in terms of market trends and investor sentiment. While the Value and Growth scores sit at 3, indicating solid performance in these areas, the Resilience score of 2 implies some degree of vulnerability to economic fluctuations. Overall, Morgan Stanley‘s diversified financial services business, global securities, and asset management operations position it well for future growth and stability.

Morgan Stanley, a bank holding company with a global presence in financial services, has received favorable Smartkarma Smart Scores across key factors. The company’s focus on delivering dividends to shareholders and its strong market Momentum point towards a positive outlook. Despite facing some resilience challenges, indicated by a score of 2, Morgan Stanley‘s well-established global securities and asset management businesses enhance its position in the market. With a solid foundation and a strategic focus on growth, Morgan Stanley appears well-positioned to navigate the complexities of the financial industry 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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Barrick Gold (ABX) Earnings: 3Q Gold Sales Volume Falls Short of Estimates, Strong 4Q Expected

By | Earnings Alerts
  • Barrick Gold’s third-quarter gold sales volume was 967,000 ounces, a 5.8% decrease compared to the previous year.
  • The estimate for gold sales volume was 1.02 million ounces, which the reported sales missed.
  • Gold production for the quarter was 943,000 ounces, falling short of the estimate of 1.02 million ounces.
  • Copper production for the same period was 48,000 tonnes.
  • The company expects a significantly stronger fourth quarter to meet its full-year gold and copper production guidance.
  • Barrick Gold plans to release its quarterly results on November 7, before the North American markets open.
  • Current analyst ratings on the company are 15 “buys,” 6 “holds,” and 0 “sells.”

A look at Barrick Gold Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE3.6

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

Based on the Smartkarma Smart Scores, Barrick Gold is projected to have a positive long-term outlook. The company has received high scores across various factors, with a strong momentum score of 5 indicating a favorable trend in its performance. Additionally, Barrick Gold scored well in terms of value, resilience, dividend, and growth, further highlighting its overall strength as an investment option. With operations in multiple regions including the United States, Canada, South America, Australia, and Africa, Barrick Gold Corporation is well-positioned to capitalize on opportunities in the global gold market.

In summary, Barrick Gold Corporation is positioned for long-term success based on its solid performance across key factors that contribute to its overall Smartkarma Smart Scores. With a strong momentum score and high ratings in value, dividend, growth, and resilience, Barrick Gold demonstrates its potential for continued growth and stability in the international gold market. Investors may view Barrick Gold as a promising investment opportunity with a positive outlook for the 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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Bajaj Auto Ltd (BJAUT) Earnings: 2Q Net Income Falls Short of Estimates Despite 22% Revenue Growth

By | Earnings Alerts
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  • Bajaj Auto reported a net income of 20.1 billion rupees for the second quarter, marking a 9.5% increase year-over-year, but missing the estimate of 22.03 billion rupees.
  • Revenue increased by 22% to 131.3 billion rupees, slightly below the estimated 132.45 billion rupees.
  • Revenue from contracts with customers reached 126.9 billion rupees, a 21% increase compared to the previous year.
  • Other operating revenue saw a significant rise of 70% to 4.39 billion rupees, surpassing the estimate of 3.42 billion rupees.
  • Total costs rose by 21% to 105.9 billion rupees, with raw material costs also up by 21% to 87.2 billion rupees.
  • Finance costs increased to 159.2 million rupees, from 65.3 million rupees the previous year, but were below the estimated 184.2 million rupees.
  • The total tax expense grew by 63% to 9.2 billion rupees, exceeding the estimate of 7.4 billion rupees.
  • Other income amounted to 3.85 billion rupees, reflecting a 6.5% increase from the prior year.
  • EBITDA improved by 24% to 26.53 billion rupees, though it was slightly below the expected 26.84 billion rupees.
  • The EBITDA margin increased to 20.2% from 19.8% in the previous year.
  • Cash and cash equivalents decreased by 2.2% quarter-over-quarter to 163.9 billion rupees.
  • Market sentiment included 21 buy recommendations, 10 hold recommendations, and 14 sell recommendations.

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A look at Bajaj Auto Ltd Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth3
Resilience4
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

With a strong Dividend score of 4 and high Resilience and Momentum scores of 4 each, Bajaj Auto Ltd appears to be well-positioned for the long term. The company’s focus on paying dividends to shareholders, coupled with its ability to weather market challenges and maintain strong momentum, bodes well for its future performance. Additionally, the Growth score of 3 signifies potential for expansion in the coming years, indicating a positive outlook for the company’s development.

Bajaj Auto Limited, a manufacturer and distributor of motorized two-wheeled and three-wheeled scooters, motorcycles, and mopeds, demonstrates a mix of stable performance and growth potential. Despite a moderate Value score of 2, the company’s overall Smart Scores point towards a promising future trajectory, supported by its strategic positioning in the automotive 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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US Bancorp (USB) Earnings: 3Q EPS Surpasses Estimates with Robust Net Interest Income

By | Earnings Alerts
  • U.S. Bancorp’s third-quarter earnings per share (EPS) were $1.03, surpassing analysts’ estimate of 99 cents.
  • Provisions for credit losses totaled $557 million, which is lower than the expected $572.6 million.
  • Net charge-offs were reported at $564 million, slightly above the estimate of $560.4 million.
  • Net interest income on a fully taxable equivalent basis was $4.17 billion, exceeding the projected $4.06 billion.
  • The net interest margin was 2.74%, higher than the estimated 2.66%.
  • Non-interest income came in at $2.70 billion, which is below the forecasted $2.85 billion.
  • The Basel III common equity Tier 1 ratio was in line with estimates at 10.5%.
  • Non-interest expenses were consistent with expectations, at $4.20 billion.
  • The effective tax rate was lower than projected, at 16.9% compared to the expected 21.6%.
  • Analysts’ recommendations include 11 buy ratings, 13 hold ratings, and no sell ratings.

A look at US Bancorp Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE3.8

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

Based on the Smartkarma Smart Scores, U.S. Bancorp appears to have a positive long-term outlook. With strong scores in Value and Dividend at 4 each, the company is perceived favorably in terms of its valuation and dividend-paying potential. In addition, its high Momentum score of 5 suggests that U.S. Bancorp is experiencing positive investor sentiment and market momentum. However, the slightly lower scores in Growth and Resilience at 3 each indicate that there may be areas for improvement in terms of growth potential and resilience to market fluctuations. Overall, U.S. Bancorp, a diversified financial services company operating primarily in the Midwest and Western United States, seems to be positioned well for the future.

U.S. Bancorp’s strong scores in Value, Dividend, and Momentum reflect its standing as a reputable player in the financial services sector. With a wide range of offerings including lending, depository services, credit card services, and trust management, the company has built a solid foundation for continued success. While there is room for enhancing growth and resilience factors, the overall outlook for U.S. Bancorp remains positive. Investors may find comfort in the company’s stable performance and solid fundamentals, making it a potential long-term investment choice in the financial 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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LTTS Earnings: L&T Technology Services Limited 2Q Results Reveal Net Income Miss, Surpassing Revenue Expectations

By | Earnings Alerts
  • L&T Technology’s net income for the second quarter was 3.2 billion rupees, which is a modest increase of 1.6% compared to the previous year.
  • The net income fell short of analysts’ expectations, who had estimated it to be 3.33 billion rupees.
  • The company reported revenue of 27.7 billion rupees, marking a significant 16% rise year over year.
  • Revenue surpassed the forecasted 25.7 billion rupees, indicating strong business performance.
  • Total costs amounted to 22 billion rupees, an 11% increase from the previous year.
  • Other income saw a substantial climb of 58%, reaching 650 million rupees.
  • The company announced a dividend of 17 rupees per share for its shareholders.
  • The current market sentiment includes 4 buy ratings, 6 hold ratings, and 18 sell ratings from analysts.

A look at L&T Technology Services Limited Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth4
Resilience5
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

Analysts studying the Smartkarma Smart Scores for L&T Technology Services Limited have a positive long-term outlook for the company. The scores indicate that the company performs well in areas such as Dividends, Growth, Resilience, and Momentum. This suggests that L&T Technology Services Limited is poised for sustained growth and financial stability moving forward.

L&T Technology Services Limited is an engineering services company specializing in providing design and development solutions across various industries. With strong scores in Dividends, Growth, Resilience, and Momentum, the company appears well-positioned to weather market fluctuations and capitalize on opportunities for expansion in the 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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First Horizon National (FHN) Earnings: 3Q Adjusted EPS Surpasses Estimates with 18% Growth

By | Earnings Alerts
  • First Horizon’s adjusted earnings per share (EPS) for the third quarter surpassed expectations, reaching $0.42 compared to an estimate of $0.38.
  • The company achieved an 18% growth in earnings per share from the previous quarter.
  • This growth was attributed to strong performance from First Horizon’s counter-cyclical businesses.
  • The results underscore the strength of First Horizon’s diversified business model.
  • The company emphasizes its ongoing focus on growing and deepening client relationships, according to Bryan Jordan, the Chairman, President, and CEO.
  • Analyst recommendations for First Horizon include 9 buys, 7 holds, and 0 sells.

A look at First Horizon National Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE3.6

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

First Horizon National Corporation’s long-term outlook appears promising with solid Smart Scores across key factors. With strong scores in Value and Dividend of 4, investors can expect favorable returns and steady income from their investment. The company’s Momentum score of 4 indicates a positive market sentiment and growth potential in the future. Additionally, First Horizon National shows resilience with a score of 3, suggesting stability in the face of economic challenges. While the Growth factor scores a 3, there is still room for potential expansion and development in the company’s future strategies.

First Horizon National Corporation, a financial services provider, offers various commercial banking services along with mortgage banking, capital markets, and transaction processing. The company’s balanced Smart Scores highlight its strength in value and stability, making it an attractive choice for investors looking for potential growth and income 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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