Earnings Alerts

Eicher Motors (EIM) Earnings: June Motorcycle Sales Dip 5.1% Y/Y to 73,141 Units

  • Eicher’s motorcycle sales for June 2024 were 73,141 units, down 5.1% compared to the same month last year.
  • The company reported 77,109 motorcycle sales in June 2023.
  • Eicher’s commercial vehicle sales for June 2024 reached 7,424 units.
  • Exports for June 2024 totaled 7,024 units, representing a 27% year-over-year decline.
  • Analyst recommendations for Eicher stock include 17 buys, 11 holds, and 14 sells.
  • Comparisons to previous results are based on values from the company’s original disclosures.

A look at Eicher Motors Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.6

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, Eicher Motors is showing positive signals for the long term. The company has strong ratings in Dividend, Growth, Resilience, and Momentum, all scoring 4 out of 5. This suggests that Eicher Motors is performing well in terms of dividends, growth potential, stability, and market momentum.

Eicher Motors Ltd. manufactures light commercial vehicles, two-wheelers, and automotive gears. With solid scores in important factors such as Dividend, Growth, Resilience, and Momentum, Eicher Motors appears to have a promising outlook for long-term investors.


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