- Geely Auto‘s net income for the first quarter of 2024 is 1.56 billion yuan, a significant increase from 714 million yuan in the same quarter last year.
- The company’s revenue has surged to 52.32 billion yuan, marking a 56% year-over-year growth.
- Geely Auto‘s gross profit for 1Q 2024 stands at 7.15 billion yuan, up by 51% compared to the previous year.
- Market analysts have largely positive outlooks on Geely Auto: 38 buy recommendations, 1 hold, and no sell recommendations.
- Comparisons of these financial results are based on the company’s original disclosures from past periods.
A look at Geely Auto Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
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
Geely Auto, a passenger vehicles manufacturing company, appears to have a promising long-term outlook as indicated by its Smartkarma Smart Scores. With a solid Growth score of 4, the company is positioned well for future expansion and development. Additionally, Geely Auto demonstrates Resilience and Momentum with scores of 4 each, suggesting that it has the ability to adapt to market changes and maintain strong performance over time.
While the Dividend score is moderate at 2, the Value score of 3 indicates a fair valuation for the company. Overall, Geely Auto‘s positive scores in Growth, Resilience, and Momentum suggest a bright future ahead, potentially making it a favorable choice for investors seeking long-term growth opportunities in the automotive industry.
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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