Atlas Copco’s adjusted operating profit for the first quarter surpassed estimates, coming in at SEK9.49 billion against the estimated SEK9.24 billion.
The operating profit was SEK9.35 billion, slightly above the estimated SEK9.3 billion.
This quarter saw a boost in organic revenue by 7%.
The company’s revenue for the first quarter was SEK42.88 billion, outperforming the estimated SEK42.22 billion.
Atlas Copco’s pre-tax profit for the quarter was SEK9.36 billion, exceeding the estimated SEK9.09 billion.
Current market sentiment for Atlas Copco stocks includes 12 buys, 11 holds, and 5 sells.
A look at Atlas Copco Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
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
Atlas Copco, an international industrial group, has garnered positive Smartkarma Smart Scores indicating a promising long-term outlook. With strong scores in Growth and Momentum, the company is positioned well for future expansion and market performance. Additionally, its Resilience score signifies a certain level of stability amidst potential economic fluctuations. Although Values and Dividend scores are more moderate, the overall outlook remains optimistic for Atlas Copco.
Atlas Copco AB, a global player in industrial equipment and services, is poised for growth and market momentum according to Smartkarma Smart Scores. Specializing in compressed air equipment, vacuum solutions, mining equipment, and other technologies, the company demonstrates a solid foundation for long-term success. Its balanced scores in various factors indicate a well-rounded approach to business sustainability and future prospects in the industrial sector.
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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