Earnings Alerts

China Oilfield Services H (2883) Earnings Fall Short of Estimates with FY Net Income of 3.01 Billion Yuan

  • China Oilfield’s net income for the fiscal year missed estimates, coming in at 3.01 billion yuan instead of the estimated 3.11 billion yuan.
  • The company’s revenue exceeded expectations, totalling 44.11 billion yuan compared to the estimated 40.79 billion yuan.
  • Rig utilization was at 79.9% for the fiscal year.
  • A final dividend per share of 21 RMB cents was declared.
  • The company received 15 buy ratings, with 0 holds and 0 sell ratings.

A look at China Oilfield Services H Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE3.8

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

China Oilfield Services H, a company that provides oilfield services, has received high scores across various factors on the Smartkarma Smart Scores. With a value score of 5, the company is considered to have a strong financial position and potential for growth. Its dividend score of 4 indicates a solid track record of paying dividends to shareholders, making it an attractive investment option.

In terms of growth, China Oilfield Services H has a score of 3, indicating moderate growth potential. However, the company’s resilience score of 3 suggests that it may be less affected by market fluctuations and economic downturns. Additionally, with a momentum score of 4, China Oilfield Services H has shown positive price momentum in the market.

Based on the Smartkarma Smart Scores, China Oilfield Services H has a promising long-term outlook, with high scores in value, dividend, and momentum. As a company that provides various oilfield services, it is well-positioned to benefit from the growth of the industry. Its strong financial position and track record of paying dividends make it an attractive option for investors looking for stable returns.


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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