Earnings Alerts

DuPont (DD) Earnings: 2Q Adjusted EPS Surpasses Estimates with Robust Sales Performance

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  • DuPont de Nemours reports adjusted EPS of 97 cents for Q2 2024, beating the estimate of 85 cents.
  • Net sales reached $3.17 billion, surpassing the estimate of $3.05 billion.
  • Electronics & Industrial net sales were $1.51 billion, higher than the estimate of $1.41 billion.
  • Water & Protection net sales came in at $1.39 billion, slightly above the estimate of $1.38 billion.
  • Corporate & Other net sales were $272 million, below the estimate of $278.2 million.
  • Operational EBITDA was $798 million, exceeding the estimate of $717.1 million.
  • Price/mix effects were down 2%, while volume increased by 2%.
  • DuPont raises full year 2024 guidance for net sales, operating EBITDA, and adjusted EPS.
  • CEO Lori Koch highlighted positive momentum due to recovery in electronics and improvements in water and medical packaging markets.
  • Year-over-year organic sales growth expected in Q3, with sales and earnings growth for Water & Protection anticipated to begin in Q4.
  • Market sentiment: 14 buys, 5 holds, and 1 sell rating.

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A look at DuPont Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth2
Resilience3
Momentum4
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

According to Smartkarma Smart Scores, DuPont‘s long-term outlook appears positive. With a high Value score of 4, the company is perceived to be undervalued compared to its peers. Additionally, DuPont‘s Momentum score of 4 indicates strong market momentum, suggesting potential for future growth. However, the company’s Growth score of 2 reflects modest growth prospects, potentially impacting its long-term performance. DuPont‘s overall Resilience score of 3 implies a moderate ability to withstand economic downturns, while its Dividend score of 3 indicates a stable dividend payment track record.

DuPont de Nemours, Inc. operates as a chemical company, offering a diverse range of products including printing plates, adhesives, coatings, food ingredients, and water purification technologies. Despite varying Smart Scores across different factors, DuPont‘s overall outlook is influenced by its perceived value, market momentum, and resilience in the face of economic challenges. Investors may consider these factors when assessing the company’s potential for long-term performance.


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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