Earnings Alerts

Cellcom Israel (CEL) Earnings: 3Q Net Income Rises 5.7% Despite Revenue Decline

By November 20, 2024 No Comments
  • Cellcom Israel reported a net income of 56 million shekels for the third quarter, an increase of 5.7% compared to the previous year’s 53 million shekels.
  • Total revenue for the quarter was 1.12 billion shekels, representing a slight decline of 0.8% year over year.
  • Basic earnings per share (EPS) improved to 0.34 shekels from 0.32 shekels over the same period last year.
  • The average revenue per user (ARPU) for mobile services dropped by 9.5%, settling at 43.70 shekels.
  • Analysts’ ratings include 0 buy recommendations, 2 hold recommendations, and 0 sell recommendations for Cellcom Israel.

A look at Cellcom Israel Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth5
Resilience2
Momentum5
OVERALL SMART SCORE3.4

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

Cellcom Israel Ltd. has a promising long-term outlook based on the Smartkarma Smart Scores. With strong scores in Growth and Momentum, the company is positioned well for future expansion and continued market performance. The Growth score of 5 indicates robust potential for increasing its market share and profitability over time. Coupled with a Momentum score also of 5, Cellcom Israel is showing positive trends in its stock performance and investor sentiment.

However, the company scores lower in Dividend and Resilience, with scores of 1 and 2 respectively. This suggests that investors looking for stable dividend income or companies resilient to market fluctuations might have some concerns. Despite this, the high Value score of 4 shows that Cellcom Israel is considered favorably priced in the market, which could appeal to value investors looking for potential upside.

Summary:
Cellcom Israel Ltd. provides cellular communications services through its segments, Cellcom and Netvision. Offering a range of telecommunication services, Cellcom Israel operates service centers, retail stores, and specialized centers to cater to various customer needs. Founded in 1994 and based in Netanya, Israel, Cellcom Israel is well-positioned for growth and market performance, while facing some challenges in dividend yield and market resilience.


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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars