In today’s briefing:
- Misumi Group (9962 JP): Heads up for 3Q Results in Late January
- Deere & Company: Pricing Strategy & Market Positioning & Other Major Drivers
- Emerson Electric Co.: Will The NI Acquisition Be A Game Changer? – Major Drivers
- J.B. Hunt Transport Services: Will Their New Intermodal Service Revolutionize the Industry? – Major Drivers
- Jacobs Solutions Inc: 4 Critical Insights From Their Latest Earnings! – Major Drivers
- Lyft Inc.: Focus on Operational Excellence & Differentiated Products! – Major Drivers
- Uber Technologies Inc.: Enhancing User Construct – Driving New Audience and Frequency! – Major Drivers
- Cummins Inc.: Pioneering Telematics Software for Commercial Vehicles & Other Major Drivers – Financial Forecasts
- UGRO: MJBiz Update: The Metamorphosis Continues; Reiterate Buy Rating & $8 PT
Misumi Group (9962 JP): Heads up for 3Q Results in Late January
- The gradual upward trend in monthly sales, which has continued through November, has further to go in our estimation.
- At 22x EPS guidance for FY Mar-24, the shares are at the low end of their 5-year P/E range.
- Guidance remains unchanged. 3Q results are due to be announced at the end of January
Deere & Company: Pricing Strategy & Market Positioning & Other Major Drivers
- Deere & Co delivered an all-around beat in the previous quarter, with operating margins nearly reaching 22%, resulting in an impressive operating cash flow of nearly $12 billion.
- This success was attributed to robust market demand, effective operational execution, and improved production costs across the various business sectors.
- In small ag and turf, net sales in the fourth quarter were down 13%, totaling $3.094 billion, driven by lower shipment volumes.
Emerson Electric Co.: Will The NI Acquisition Be A Game Changer? – Major Drivers
- Emerson Electric’s results were disappointing as they could not meet Wall Street’s revenue and earnings expectations.
- Operational excellence was evident through the execution of the Emerson management system, driving remarkable results.
- The underlying sales for 2023 grew by 10%, gross profit expanded by 330 basis points to 49%, and adjusted segment EBITA expanded by 220 basis points to 25%.
J.B. Hunt Transport Services: Will Their New Intermodal Service Revolutionize the Industry? – Major Drivers
- J.B.
- Hunt Transport Services delivered a disappointing set of results as it was unable to meet Wall Street’s revenue and earnings expectations.
- Demand is slightly increasing in some end markets, focusing on delivering big and bulky items to customers’ homes.
Jacobs Solutions Inc: 4 Critical Insights From Their Latest Earnings! – Major Drivers
- Jacobs Solution Inc. delivered a mixed set of results in its most recent quarter with revenues above Wall Street expectations but below-par earnings.
- Emphasizing the strategic synergies and shared operational benefits, the combination aims to be tax-efficient for Jacobs’ shareholders, with an estimated $13 billion in annual revenue and significant cost synergies.
- Post-transaction, Jacobs anticipates emerging as a well-capitalized critical infrastructure and sustainability leader, building on the records set in fiscal year 2023 for revenue and free cash flow generation.
Lyft Inc.: Focus on Operational Excellence & Differentiated Products! – Major Drivers
- Lyft, Inc. delivered mixed results for the previous quarter, with revenues above the analyst consensus.
- A pivotal development in the quarter was the significant rise in drivers opting for Lyft, resulting in an impressive 45% year-over-year surge in the hours spent using the platform, particularly in non-incentivized hours.
- The emphasis on simplifying the earning process for drivers proved successful, maintaining a stable conversion rate even as rider demand escalated.
Uber Technologies Inc.: Enhancing User Construct – Driving New Audience and Frequency! – Major Drivers
- Uber Technologies delivered a mixed result in the third quarter, with revenues below market expectations, but it surpassed the analyst consensus regarding earnings.
- The company reported a notable acceleration in year-on-year trip growth, reaching 25% in Q3, surpassing the growth in gross bookings for the third consecutive quarter.
- Additionally, adjusted EBITDA exceeded Q3 expectations, marking the first instance of the adjusted EBITDA margin surpassing 3%.
Cummins Inc.: Pioneering Telematics Software for Commercial Vehicles & Other Major Drivers – Financial Forecasts
- Cummins delivered a mixed result in the recent quarter, with revenues above market expectations, but it failed to surpass the analyst consensus in terms of earnings.
- Cummins reported strong demand across key markets and regions, with revenues reaching $8.4 billion, a 15% increase from the previous year.
- In the quarter, Cummins successfully concluded the acquisition of two Faurecia commercial vehicle manufacturing plants in Columbus, Indiana, and Roermond, Netherlands.
UGRO: MJBiz Update: The Metamorphosis Continues; Reiterate Buy Rating & $8 PT
- We are reiterating our Buy rating, projections and $8 price target after meeting with urban-gro management at the MJBizCon show in Las Vegas.
- As such, we remain excited over the potential for urban-gro to continue to materially grow and to begin registering positive EBITDA going forward.
- As such, we reiterate our Buy rating and $8 price target for UGRO.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
