- ElSewedy Electric’s Financial Performance: In the third quarter of 2024, ElSewedy Electric reported a net income of 4.82 billion Egyptian pounds.
- Significant Growth in Net Income: The net income saw a substantial increase, growing by 92% compared to the same period last year.
- Revenue Surge: The company’s revenue for the third quarter reached 62.20 billion Egyptian pounds, marking a 59% increase year-over-year.
- Analyst Ratings: ElSewedy Electric has received mixed analyst ratings, featuring one buy, three holds, and two sells.
A look at ElSewedy Electric Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
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
Analysts’ assessment of ElSewedy Electric Co is positive in the long term, as indicated by its Smart Scores across various factors. With a strong score of 4 for growth and momentum at the maximum of 5, the company is positioned for potential expansion and market performance. In addition, ElSewedy Electric Co shows resilience with a score of 3, suggesting stability in challenging market conditions. While values and dividends score at a moderate 2, the company’s focus on manufacturing cables for various uses presents a solid foundation for future growth.
ElSewedy Electric Co‘s overall outlook, supported by its Smart Scores, indicates a promising trajectory for the company in the coming years. With a balanced performance across value, dividends, growth, resilience, and momentum, ElSewedy is positioned to capitalize on market opportunities and navigate potential risks effectively. As a manufacturer of cables ranging from low to special cables, the company’s diverse product portfolio provides a solid platform for sustained growth and market competitiveness.
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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