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Smartkarma Newswire

Jarir Marketing Co (JARIR) Earnings: 3Q Profits Align with Estimates Despite Revenue Miss; Key Growth in Tech and Supplies Sales

By | Earnings Alerts
  • Jarir reported a third-quarter profit of 308.2 million riyals, marking a 4% increase year-over-year, closely aligning with the estimate of 309 million riyals.
  • The company achieved revenue of 2.67 billion riyals, a 1% rise year-over-year, though falling short of the 2.85 billion riyals estimate.
  • Operating profit showed a 5% increase year-over-year, reaching 331.9 million riyals.
  • Growth was driven by increased sales in the computers, tablets, and smartphones categories.
  • There was a favorable shift in the sales mix towards more profitable sections like school and office supplies, improving profit margins in smartphones.
  • Analyst recommendations include 11 buys, 5 holds, and 1 sell on Jarir stock.

A look at Jarir Marketing Co Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth3
Resilience3
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

Based on the Smartkarma Smart Scores, Jarir Marketing Co has a mixed long-term outlook. The company scores high in Dividend and Momentum, indicating strong performance in these areas. With a high Dividend score of 5, investors can expect attractive returns on their investment over time. Additionally, a Momentum score of 4 suggests that the company is showing positive upward trends that may continue in the future. However, Jarir Marketing Co scores lower in Value, Growth, and Resilience, with scores of 2, 3, and 3 respectively. This suggests that the company may face challenges in areas such as valuation, growth potential, and resilience to market fluctuations.

Despite some lower scores in certain factors, Jarir Marketing Co‘s strengths lie in its consistent dividend payouts and positive momentum in its performance. Investors should consider these factors along with the company’s core business of wholesaling and retailing stationery, school supplies, office machines, and books in Saudi Arabia, Qatar, and Abu Dhabi. With a diversified product range and established retail presence, Jarir Marketing Co has the potential to deliver steady returns over the long term, making it a company worth monitoring closely for potential investment opportunities.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Galp Energia Sgps Sa (GALP) Earnings: 3Q Refining Margin Misses Estimates Amid Production and Sales Shifts

By | Earnings Alerts
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  • Galp’s refining margin for the third quarter was $4.70, a 39% decrease quarter-over-quarter, missing the estimate of $5.23.
  • Average working interest production was 112,000 barrels of oil equivalent per day (boepd), a 10% decrease year-over-year, but it exceeded the estimate of 109,179 boepd.
  • Working interest production in Brazil decreased by 3% year-over-year but increased by 6% quarter-over-quarter.
  • Processed raw materials remained unchanged year-over-year at 22.4 million barrels of oil equivalent (mboe).
  • Oil products supply, including volumes sold to the commercial segment, rose by 5% year-over-year and decreased by 5% quarter-over-quarter.
  • Natural gas/LNG supply and trading volumes fell by 8% year-over-year and increased by 10% quarter-over-quarter.
  • Oil products-client sales increased by 1% year-over-year, whereas natural gas sales rose by 18%.
  • Renewable installed capacity stood at 1.5 gigawatts (GW), unchanged from the second quarter.
  • The realized sale price for renewables in the third quarter fell by 38% year-over-year to €48/MW.
  • Analysts’ consensus includes 8 buy ratings, 13 hold ratings, and 3 sell ratings.

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A look at Galp Energia Sgps Sa Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth5
Resilience4
Momentum2
OVERALL SMART SCORE3.2

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

Galp Energia Sgps Sa has a promising long-term outlook according to Smartkarma Smart Scores. The company scores high in Growth and Resilience, indicating strong potential for future expansion and the ability to withstand challenges effectively. With a solid presence in key energy regions like Brazil, Angola, and Mozambique, Galp Energia is strategically positioned for growth. Additionally, its diversified downstream activities in Iberia further enhance its stability and market reach.

Despite lower scores in Value and Momentum, Galp Energia’s overall outlook remains positive, supported by a balanced performance across different factors. Investors may find the company attractive for its strong growth prospects and resilience in the volatile energy sector. With a focus on key regions and a well-established presence in downstream activities, Galp Energia is well-positioned to capitalize on emerging opportunities in the global 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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Aker BP ASA (AKRBP) Earnings: 3Q Production Aligns with Estimates Despite Underlift and Planned Maintenance

By | Earnings Alerts
  • Aker BP’s average production for the third quarter was 414,700 barrels of oil equivalent per day (boe/d), which aligns with market estimates of 412,443 boe/d.
  • There was a 6.6% decrease in production from the previous quarter, mainly due to planned maintenance activities across several fields.
  • The net volume sold was 391,300 boe/d, impacted by an underlift in the quarter accounting for 23,400 boe/d.
  • Realised prices during the quarter were $80.3 per barrel of oil equivalent (boe) for liquids and $63.5 per boe for natural gas.
  • Aker BP is scheduled to release its full third-quarter report on October 30 at 06:00 CET.
  • In terms of analyst recommendations, there are 14 buy ratings, 8 hold ratings, and 4 sell ratings for the company.

A look at Aker BP ASA Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth5
Resilience4
Momentum3
OVERALL SMART SCORE4.2

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

Aker BP ASA, an oil and gas exploration and production company, appears to have a promising long-term outlook based on the Smartkarma Smart Scores. With high scores in Dividend and Growth factors, as well as solid scores in Value and Resilience, the company seems well-positioned for sustained success in the industry. Aker BP ASA‘s strong commitment to shareholder returns through dividends, coupled with a focus on growth opportunities and demonstrated resilience, bode well for its future prospects in the Norwegian Shelf region.

Despite a slightly lower score in Momentum, which may indicate some short-term challenges, Aker BP ASA‘s overall outlook appears positive. Investors may find the company attractive for its solid fundamentals and growth potential within the oil and gas sector. With a strategic focus on exploration and development in the Norwegian Shelf, Aker BP ASA is poised to capitalize on opportunities in the energy market while rewarding investors with stable dividends and potential for value appreciation over the long term.


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

By | Earnings Alerts
  • In September 2024, Frankfurt Airport experienced a 1.2% increase in passenger numbers, reaching 5.8 million travelers.
  • Cargo activity at Frankfurt Airport grew by 3.5% during the same month.
  • Aircraft movements at Frankfurt Airport increased slightly, showing a 0.4% rise.
  • Despite these gains, the current passenger numbers are still 12.9% below the figures from 2019.
  • Total passenger traffic across all airports managed by Fraport saw a 0.7% year-on-year rise, totaling approximately 19.4 million passengers in September 2024.
  • Market sentiment for Fraport includes 17 buy recommendations, 7 hold recommendations, and 3 sell recommendations.

A look at Fraport Ag Frankfurt Airport S Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth5
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 Smartkarma Smart Scores, the long-term outlook for Fraport AG Frankfurt Airport S is positive. The company scores high in areas such as value, growth, and momentum, indicating strong performance in these factors. With a solid value score of 4, Fraport AG is considered a promising investment option. However, its lower scores in dividend and resilience suggest potential areas of improvement for the company.

Fraport AG Frankfurt Airport S, known for offering airport services worldwide, operates major airports in Frankfurt, Lima, and Antalya. Providing a range of services to both domestic and international carriers, including traffic management and security, the company plays a key role in the global aviation industry. With a strong focus on growth and momentum, Fraport AG is poised for continued success in the long term, despite facing challenges in dividend and resilience aspects.


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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Kesko OYJ (KESKOB) Earnings: September Sales Show Mixed Results with 2% Decline in Comparable Sales

By | Earnings Alerts
  • Kesko reported a 2% decrease in comparable sales for September.
  • Sales from continuing operations amounted to €1.04 billion.
  • Despite the overall decline, Kesko’s sales saw a 1.9% increase in September.
  • There was a notable increase in sales within the grocery trade sector.
  • Sales in the building and technical trade improved, particularly in building and home improvement sectors, attributed to the Davidsen acquisition.
  • Conversely, sales in the car trade experienced a decrease.
  • Analyst recommendations include 4 buys, 6 holds, and 1 sell.

A look at Kesko OYJ Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE3.6

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

Investors evaluating the long-term outlook for Kesko Oyj can take note of the Smartkarma Smart Scores, which offer valuable insights into different aspects of the company. With a strong momentum score of 5, Kesko Oyj is showing positive performance trends that could bode well for its future growth. Additionally, the company’s solid scores in the dividend and growth categories, both at 4, indicate a promising outlook for potential income streams and expansion opportunities. However, Kesko Oyj’s resilience score of 2 suggests that there may be some areas of vulnerability that investors should consider.

Kesko Oyj, a company with operations in wholesale and retail stores, presents a diverse range of trading sector services. From hardware and builders’ supplies to automotive and sporting goods, Kesko Oyj has established itself as a player in various market segments. As investors assess the company’s Smartkarma Smart Scores, they can gain a comprehensive understanding of Kesko Oyj’s overall position in terms of value, dividend yield, growth prospects, resilience, and momentum, aiding them in making informed investment decisions.


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

By | Earnings Alerts
  • DMart’s net income for the second quarter was 7.10 billion rupees, representing a 7.7% year-over-year increase.
  • Net income fell short of estimates, which were pegged at 7.78 billion rupees.
  • Revenue achieved was exactly as expected at 140.5 billion rupees, marking a 14% increase from the previous year.
  • Total costs for the quarter rose by 15% year-over-year to 131.4 billion rupees.
  • Other income recorded a slight increase of 1.9%, amounting to 465 million rupees.
  • The company has mixed analyst recommendations: 14 buys, 5 holds, and 8 sells.

A look at Avenue Supermarts Ltd Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience4
Momentum3
OVERALL SMART SCORE2.8

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

Based on the Smartkarma Smart Scores, Avenue Supermarts Ltd shows a promising long-term outlook. With a strong focus on growth and resilience, the company scored well in these areas, indicating its potential for sustained performance. Avenue Supermarts also received a decent score for momentum, suggesting positive market sentiment towards the company’s future prospects. However, its scores in terms of value and dividend were lower, indicating that investors may need to consider other factors beyond these traditional metrics when evaluating Avenue Supermarts as an investment opportunity.

Avenue Supermarts Ltd, which owns and operates hypermarkets and supermarkets across India, offers a wide range of products to its customers, including garments, household items, electronics, and groceries. With a solid emphasis on growth and resilience, the company has positioned itself well to navigate challenges and capitalize on opportunities in the retail sector. While investors may need to weigh the lower scores in value and dividend, Avenue Supermarts’ focus on growth and momentum could make it an appealing choice for those seeking long-term capital appreciation.


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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Smith (A.O.) (AOS) Earnings: FY Sales Forecast Cut Amid Q3 Estimate Miss

By | Earnings Alerts
  • A. O. Smith Corp revised its full-year net sales forecast to between $3.80 billion and $3.90 billion, down from the previous estimate of $3.97 billion to $4.05 billion.
  • The company predicts adjusted earnings per share (EPS) will range from $3.70 to $3.85, compared to its earlier projection of $3.95 to $4.10.
  • Preliminary results for the first nine months indicate a free cash flow of $283 million.
  • For the third quarter, preliminary EPS came in at 82 cents, missing the estimate of 96 cents.
  • Preliminary net sales for the third quarter were $902.6 million.
  • Sales in North America totaled $703 million, below the projected $728.6 million, and sales for the rest of the world were $210 million, under the estimated $238.6 million.
  • A. O. Smith cited an unexpected decline in constant currency sales to third parties, with a 17% decline compared to last year.
  • The company attributes weaker sales to a price increase-related pre-buy in the first half of the year and improved lead times impacting order demand.
  • Kevin J. Wheeler, the CEO, noted strong and stable customer relationships and improved lead times, despite the challenges faced in the third quarter.
  • The company had solid residential water heater backlogs entering the third quarter, which helped offset weaker orders in that period.
  • Market consensus includes 4 buy ratings, 7 hold ratings, and 2 sell ratings for A. O. Smith Corp stock.

A look at Smith (A.O.) Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
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

Analysts at Smartkarma have provided an overall positive outlook for Smith (A.O.) based on their Smart Scores. With a strong score of 4 for both Growth and Resilience, the company is positioned well for long-term success. This indicates that Smith (A.O.) has solid potential for expansion and the ability to weather economic challenges. Additionally, the Momentum score of 4 suggests that the company is experiencing positive market trends.

While the Value score of 2 indicates that the company may not be undervalued compared to its peers, the Dividend score of 3 shows that investors can expect a moderate level of dividend payouts. Overall, with mostly high scores across key factors, Smith (A.O.) appears to be a promising investment option for those looking at 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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JPMorgan Chase & Co (JPM) Earnings: Q3 Results Exceed Expectations in Revenue & Net Interest Income

By | Earnings Alerts
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  • JPMorgan’s managed net interest income for Q3 is $23.53 billion, exceeding the estimated $22.8 billion.
  • Adjusted revenue came in at $43.32 billion, beating the forecast of $41.9 billion.
  • Earnings per share (EPS) reached $4.37.
  • The total value of loans is $1.34 trillion, slightly higher than the projected $1.33 trillion.
  • Total deposits amount to $2.43 trillion, surpassing the estimate of $2.4 trillion.
  • Provision for credit losses is $3.11 billion, higher than the expected $2.94 billion.
  • Net charge-offs are lower than expected at $2.09 billion versus the estimate of $2.37 billion.
  • Compensation expenses totaled $12.82 billion, exceeding the anticipated $12.56 billion.
  • Non-interest expenses were $22.57 billion, slightly below the $22.85 billion estimate.
  • Net yield on interest-earning assets was 2.58%, a bit higher than the 2.57% estimate.
  • The standardized CET1 ratio is 15.3%, outperforming the expected 15.1%.
  • The managed overhead ratio stands at 52%, better than the forecasted 54.7%.
  • Return on equity is reported at 16%, above the estimated 14.5%.
  • Return on tangible common equity is 19%, exceeding the predicted 17.5%.
  • Assets under management total $3.90 trillion, surpassing the estimate of $3.8 trillion.
  • Book value per share is $115.15, higher than the estimated $113.80.
  • Cash and due from banks stand at $22.90 billion, below one of the estimates of $27.2 billion.
  • Analyst ratings include 17 buys, 9 holds, and 1 sell.

“`


A look at JPMorgan Chase & Co Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
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, JPMorgan Chase & Co shows a promising long-term outlook. With a strong emphasis on growth and momentum, the company is positioned well for future success. Its solid growth score of 4 reflects a positive trajectory in terms of expansion and development, while its momentum score of 4 indicates strong market performance and investor interest.

Although the company’s resilience score is somewhat lower at 2, JPMorgan Chase & Co‘s overall outlook remains positive, backed by decent value and dividend scores of 3 each. These scores suggest that the company is offering fair value to investors and is committed to providing returns through dividends, adding further appeal to its long-term prospects in the financial services sector.

Summary: JPMorgan Chase & Co. is a global financial services and retail banking company that offers a wide range of services including investment banking, asset management, and commercial banking. Serving businesses, institutions, and individuals, the company has a diverse portfolio to cater to various financial needs.


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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Fastenal Co (FAST) Earnings: 3Q EPS Matches Estimates with $1.91 Billion in Sales

By | Earnings Alerts
  • Fastenal’s third-quarter earnings per share (EPS) were 52 cents, matching both the previous year and estimates.
  • Net sales reached $1.91 billion, a 3.5% increase from the previous year, slightly above the estimated $1.9 billion.
  • Daily sales were $29.8 million, up 1.7% year-over-year, and exceeded the estimated $29.7 million.
  • Pretax earnings as a percentage of sales decreased to 20.3%, compared to 20.9% the previous year and the estimated 20.5%.
  • Gross profit margin declined to 44.9% from 45.9% year-over-year, missing the estimate of 45.4%.
  • Operating income was $388.1 million, marking a 0.4% increase year-over-year, but slightly below the estimate of $390.4 million.
  • The operating margin decreased to 20.3% from 21% year-over-year, just under the expected 20.4%.
  • Fastenal plans to invest between $235.0 million and $255.0 million in property and equipment for the full year of 2024, up from $160.6 million in 2023.
  • Analyst ratings include 3 buys, 9 holds, and 4 sells.

A look at Fastenal Co Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.2

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

Fastenal Co, a company specializing in industrial and construction supplies, appears to have a positive long-term outlook based on its Smartkarma Smart Scores. With a growth score of 4 and a momentum score of 4, the company shows promising signs of expansion and market performance. These high scores suggest a strong potential for continued growth in both its operations and stock value over the long term.

Despite not scoring as high in value and resilience, with scores of 2 and 3 respectively, Fastenal Co‘s overall outlook seems favorable. The company’s ability to maintain a dividend score of 3 further solidifies its position in providing returns to its shareholders. With a diverse market presence across various countries, including the United States, Canada, and China, Fastenal Co is well-positioned to capitalize on opportunities for growth and stability in the industrial and construction supplies sector in the coming years.

### Fastenal Company sell industrial and construction supplies in a wholesale and retail fashion. The Company markets its products and services throughout the United States, Canada, Mexico, Puerto Rico, Singapore, China, and The Netherlands. ###


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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Wells Fargo & Co (WFC) Earnings: 3Q Net Interest Income Falls Short of Estimates but Delivers Strong ROE Performance

By | Earnings Alerts
  • Wells Fargo’s net interest income for Q3 was $11.69 billion, slightly below the estimate of $11.88 billion.
  • The company’s total revenue came in at $20.37 billion, marginally under the projected $20.41 billion.
  • Earnings per share (EPS) were reported at $1.42.
  • Total average loans amounted to $910.3 billion.
  • Average deposits for the period totaled $1.34 trillion, just shy of the estimated $1.35 trillion.
  • Return on equity was strong at 11.7%, surpassing the anticipated 10.8%.
  • The Common Equity Tier 1 ratio was 11.3%, slightly above the estimate of 11.2%.
  • Non-interest expenses were lower than expected, at $13.07 billion compared to the estimate of $13.19 billion.
  • Return on tangible common equity was 13.9%, beating the forecast of 12.9%.
  • Provisions for credit losses were $1.07 billion, notably below the expected $1.34 billion.
  • Analyst recommendations include 15 buy ratings, 12 hold ratings, and no sell ratings.

A look at Wells Fargo & Co Smart Scores

FactorScoreMagnitude
Value4
Dividend3
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

Wells Fargo & Company, a diversified financial services company offering a range of products, including banking, insurance, investments, and more, faces a mixed long-term outlook based on the Smartkarma Smart Scores. While the company scores high in Value and Growth, indicating solid fundamentals and potential for expansion, it lags in Resilience. This suggests some vulnerability to economic downturns or market uncertainties. With a moderate score in Dividend and Momentum, Wells Fargo seems to offer a stable dividend but may lack significant short-term price momentum.

Overall, Wells Fargo & Co‘s Smart Scores paint a picture of a company with strong underlying value and growth prospects but with some notable areas of concern regarding resilience and momentum. As the company navigates the evolving financial landscape, investors may need to consider both the positive attributes and potential challenges highlighted by these scores when assessing their long-term investment strategy.


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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