- Cargotec’s 3rd quarter comparable operating profit reached €69.6 million.
- The profit exceeded analysts’ expectations, which were set at €64.6 million.
- Net sales for the 3rd quarter amounted to €590 million.
- Orders received by Cargotec during the quarter totaled €597 million.
- The company reported a comparable operating profit margin of 11.8%.
- Earlier in the year, Cargotec projected Hiab’s operating profit margin for the year 2024 to surpass 13.5%.
- Cargotec also estimated MacGregor’s operating profit for 2024 to exceed €55 million.
- Investor consensus includes 2 buy, 4 hold, and 4 sell ratings.
A look at Cargotec Oyj Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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
Cargotec Oyj, a company that specializes in providing cargo-handling solutions for various industries, has received positive ratings in key areas according to Smartkarma Smart Scores. With a strong emphasis on growth and momentum, Cargotec Oyj has secured high scores in these categories, indicating a promising long-term outlook for the company. Furthermore, the company’s resilience score suggests a capability to withstand challenges and adapt to changing market conditions. While the value and dividend scores are solid but slightly lower, the focus on growth and momentum positions Cargotec Oyj favorably for future expansion and sustainability.
Cargotec Oyj‘s emphasis on innovation and development, as evidenced by its high growth and momentum scores, underscores its commitment to advancing its cargo-handling solutions. The company’s dedication to resilience also indicates a strong foundation to weather uncertainties and emerge stronger. Overall, Cargotec Oyj‘s Smart Scores highlight a favorable long-term outlook, supported by its strategic focus on growth and adaptability in the ever-evolving market landscape.
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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