Earnings Alerts

Aselsan Elektronik Sanayi (ASELS) Earnings: 3Q Net Income Declines 22% to 2 Billion Liras Despite 28% Sales Growth

By October 16, 2024 No Comments
  • Aselsan’s net income for the third quarter is 2.00 billion liras.
  • This represents a 22% decrease in net income compared to the previous year.
  • Sales for the same period increased by 28% year-over-year, reaching 21.81 billion liras.
  • The company’s stock has a positive outlook with 9 buy ratings.
  • There are also 5 hold ratings on Aselsan’s stock.
  • No sell ratings have been reported for Aselsan’s stock.

A look at Aselsan Elektronik Sanayi Smart Scores

FactorScoreMagnitude
Value3
Dividend2
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

Aselsan Elektronik Sanayi Ve Ticaret A.S., a company specializing in the design and production of military and civil telecommunications equipment, has received varying Smart Scores across different aspects of its operations. With a Momentum score of 4, indicating strong market performance, Aselsan shows promising growth potential in the near future. Furthermore, its Value, Growth, and Resilience scores all stand at a solid 3, reflecting a stable foundation for long-term development and sustainability. However, the company’s Dividend score of 2 suggests a lower focus on distributing profits to shareholders in the form of dividends.

Looking ahead, Aselsan Elektronik Sanayi is positioned to capitalize on its momentum in the market and leverage its strong value, growth prospects, and resilience. While the company may not be as attractive for dividend-seeking investors, its focus on innovation and market performance bodes well for its long-term outlook. With a diverse product line that includes communications systems, electronic security solutions, and radar technologies, Aselsan is well-equipped to navigate the evolving demands of the telecommunications industry and maintain its competitive edge.


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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