Earnings Alerts

Doosan Enerbility (034020) Earnings: 2Q Operating Profit Misses Estimates Despite 27% Net Gain

  • Doosan Enerbility‘s operating profit for Q2 2024 is 309.79 billion won.
  • Operating profit fell by 37% year-over-year.
  • Analysts had estimated an operating profit of 364.22 billion won, missing expectations.
  • Net profit for Q2 2024 is 136.17 billion won.
  • Net profit increased by 27% year-over-year.
  • Net profit surpassed analyst expectations of 115.92 billion won.
  • Q2 2024 sales were 4.15 trillion won.
  • Sales decreased by 8.6% year-over-year.
  • Sales estimate was 4.33 trillion won, falling short of expectations.
  • Analyst ratings for Doosan Enerbility include 6 buys, 0 holds, and 0 sells.

Doosan Enerbility on Smartkarma



On Smartkarma, top independent analyst Douglas Kim recently shared insightful research on Doosan Enerbility. In his bullish report titled “Doosan Enerbility: A Key Beneficiary of Potential Nuclear Power Projects Win in the Czech Republic,” Kim highlighted the Czech Republic government’s nearing decision on a $30 billion nuclear power plant project. A Korean consortium, which includes Doosan Enerbility, stands to benefit significantly if awarded the contract to build four nuclear power plants. Competing against EDF, a French government-owned utility company, the consortium’s potential success would mean Doosan Enerbility supplying nuclear reactors and steam generators for the project.



A look at Doosan Enerbility Smart Scores

FactorScoreMagnitude
Value3
Dividend1
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE3.2

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

Doosan Enerbility, a company that manufactures construction machines and energy solutions, has received varying Smart Scores across different factors. While it scores high in Growth and Momentum with a 4 and 5 respectively, indicating strong potential for growth and current market momentum, the company lags behind in Dividend with a score of 1. This suggests that investors looking for dividend income may find other options more attractive. With Value and Resilience scoring at 3 each, Doosan Enerbility appears to have moderate value and resilience in the market.

Despite its lower score in Dividend, the company’s strong performance in Growth and Momentum could signal a promising long-term outlook. The focus on manufacturing diverse energy-related products positions Doosan Enerbility well within the energy sector. Investors may want to keep an eye on how the company leverages its strengths in growth and momentum to capitalize on emerging opportunities in the energy market, while also considering its value and resilience aspects to make a well-rounded investment decision.


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