Earnings Alerts

Ezz Steel (ESRS) Earnings Soar: 1H Net Income Hits 1.56B Pounds, Revenues Up 62% Y/Y

By September 10, 2024 No Comments
  • Record Earnings: Ezz Steel reported a net income of 1.56 billion pounds for the first half of 2024, a significant turnaround from a loss of 643.3 million pounds the previous year.
  • Revenue Surge: The company’s revenue reached 100.68 billion pounds, marking a 62% increase year-over-year.
  • Analyst Ratings: Among analysts, there are 4 buy recommendations, no hold recommendations, and 1 sell recommendation.

A look at Ezz Steel Smart Scores

FactorScoreMagnitude
Value0
Dividend1
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE2.4

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 examining Ezz Steel‘s long-term prospects have identified key factors that contribute to its overall outlook. With a high Growth score of 4 and Momentum score of 5, Ezz Steel appears to be well-positioned for substantial future expansion and market momentum. These scores indicate a positive trajectory for the company in terms of both its potential for growth and current market performance.

However, Ezz Steel‘s scores in Value, Dividend, and Resilience are comparatively lower, with Value at 0 and Dividend at 1, suggesting that investors may need to consider these aspects more carefully. The company received a Resilience score of 2, indicating some level of stability but also room for improvement in effectively weathering market challenges. Overall, Ezz Steel‘s strategic focus on manufacturing and distributing steel in key regions like the Middle East and North Africa positions it as a player with growth potential in a competitive market landscape.

Ezz Steel manufactures and distributes steel in the Middle East and North Africa, including in Egypt. The Company strategically targets a diverse geographical area, producing flat products primarily for the export market and long products for the domestic market.


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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