Earnings Alerts

AP Moeller – Maersk A/S (MAERSKB) Earnings: 2024 Guidance Boosted Amid Forecast-Beating Performance

  • Maersk Upgrades Forecast: Maersk has revised its full-year 2024 guidance upwards.
  • Improved EBITDA Projection: The company now expects an underlying EBITDA of $7 billion to $9 billion, up from the previous estimate of $4 billion to $6 billion.
  • Positive EBIT Outlook: Maersk forecasts an underlying EBIT of $1 billion to $3 billion, compared to the initial outlook of a loss between $2 billion and $0.
  • Cash Flow Expectations Raised: Free cash flow is now projected to be at least $1 billion, improving from an earlier guidance of at least -$2 billion.
  • Earnings Estimates Beat: Analysts had estimated underlying EBITDA at $5.86 billion and EBIT at a loss of $451.8 million, which Maersk’s new forecasts surpass.
  • Volatile Trading Conditions: Maersk notes higher-than-normal volatility due to the unpredictable situation in the Red Sea and unclear future supply and demand dynamics.
  • Port Congestions Noted: The company sees signs of further port congestion, especially in Asia and the Middle East.
  • Rising Freight Rates: An additional increase in container freight rates is anticipated.
  • Upcoming Results: Maersk is scheduled to publish its 2Q interim results on August 7.
  • Analyst Recommendations: There are currently 8 buy, 10 hold, and 10 sell recommendations for Maersk.

AP Moeller – Maersk A/S on Smartkarma

Analyst coverage of AP Moeller – Maersk A/S on Smartkarma by Daniel Hellberg provides valuable insights into the company’s performance and market trends. In the report titled “Monthly Container Shipping Tracker | Pricing Still Firm | Share Prices Converging | (May 2024)“, Hellberg expresses a bullish sentiment, noting that deep-sea rates and traffic remained strong in April, with positive pricing momentum. Evergreen Marine’s robust revenue growth in Q1 2024 is highlighted, along with expectations for further convergence in container carrier performance.

However, in a contrasting view in the report “Maersk FY23 Meets Guidance | But FY24 Guidance & Commentary Rock Hopeful ‘Glass Half-Full’ Investors“, Hellberg takes a bearish stance. The analysis points out Maersk’s downbeat FY24 guidance and concerns raised by management regarding potential challenges ahead, such as the impact of excess supply and Red Sea issues. This divergence in opinions showcases the diverse perspectives offered by analysts on Smartkarma, empowering investors with varied insights for informed decision-making.


A look at AP Moeller – Maersk A/S Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth2
Resilience4
Momentum5
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

AP Moeller-Maersk A/S, a conglomerate with diversified holdings, is poised for a positive long-term outlook based on the Smartkarma Smart Scores analysis. With a top score of 5 in the Value category, the company is seen as undervalued, presenting a strong investment opportunity. Additionally, its solid Dividend score of 4 indicates a stable payout to investors. Although the Growth score is moderate at 2, the company’s Resilience score of 4 suggests a robust ability to weather economic uncertainties. Furthermore, the Momentum score of 5 highlights strong upward movement in the company’s performance indicators. Overall, the Smart Scores paint a promising picture for AP Moeller-Maersk A/S in the long term.

A.P. Moeller-Maersk A/S operates a diverse fleet, including container vessels, tankers, supply ships, special vessels, and oil drilling rigs, alongside industrial businesses and oil and gas exploration and production. With a strong emphasis on value and dividends, coupled with resilience and momentum, the company’s global presence positions it well for sustained growth and stability in the future. Investors may find AP Moeller-Maersk A/S an attractive prospect based on the Smartkarma Smart Scores assessment, showcasing a company with significant potential for long-term success.


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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