Earnings Alerts

Adaro Energy (ADRO) Earnings: 9M Net Income Hits $1.38B Despite 16% Revenue Dip

By November 1, 2023 No Comments
  • Adaro Energy has reported a net income of $1.38 billion for the first 9 months of the year.
  • The company’s revenue for the same period is $4.98 billion, which represents a 16% decrease year on year.
  • Revenue from coal mining and trading (excluding intersegment) is $4.84 billion, a 17% decrease compared to the same period last year.
  • Mining services have brought in $787 million in revenue, marking a 26% increase year on year.
  • The Earnings Per Share (EPS) is 3.90c, down from 6.1220c last year.
  • Analysts’ recommendations currently stand at 14 buys, 15 holds, and 0 sells.

Adaro Energy on Smartkarma

Smartkarma, an independent investment research network, provides comprehensive analyst coverage of Adaro Energy. For example, Brian Freitas recently published a research report on Adaro Energy‘s float and capping changes, with a bearish sentiment. Similarly, Charles Macgregor released two research reports on Adaro Energy in the past 24 hours, one with a bearish sentiment and one with a bullish sentiment.

These reports, along with other independent research on Adaro Energy from Smartkarma’s top analysts, provide investors with valuable insights into the company. Smartkarma’s independent research network gives investors access to the latest and most comprehensive research on Adaro Energy.


A look at Adaro Energy Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth5
Resilience5
Momentum5
OVERALL SMART SCORE4.8

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

PT Adaro Energy Tbk is a coal mining company that operates in coal mining, trading, coal infrastructure and logistics, and mining contractor services. According to the Smartkarma Smart Scores, Adaro Energy has an excellent long-term outlook. The company received a 4 rating for Value, 5 for Dividend, Growth, Resilience, and Momentum. This score indicates that the company has a strong financial performance and is well-positioned to continue to deliver strong returns to its shareholders in the future.

Adaro Energy has an impressive track record of success and is well-positioned to continue to be a leader in the coal mining industry. The company’s strong fundamentals and positive outlook make it an attractive investment for those looking to benefit from the long-term potential of the coal mining 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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