- Gjensidige’s pretax profit for the third quarter was NOK 2.21 billion.
- This figure exceeded the market estimate of NOK 1.92 billion.
- Earnings per share (EPS) stood at NOK 3.32.
- The expected EPS was NOK 2.95.
- Analyst recommendations showed 9 buys, 2 holds, and 9 sells.
“`
A look at Gjensidige Forsikring Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| 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
Based on the Smartkarma Smart Scores, Gjensidige Forsikring ASA, a Norwegian insurance company, has a positive long-term outlook. With strong scores in Resilience and Momentum, the company is positioned well to withstand challenges and capitalize on growth opportunities in the market. This indicates a company that is well-prepared to navigate uncertainties and take advantage of favorable trends in the insurance industry.
Overall, Gjensidige Forsikring demonstrates a solid performance according to the Smart Scores evaluation. With respectable scores in Dividend and Growth, the company shows a commitment to rewarding investors while also focusing on expanding its business operations. The Value score, although not as high as others, still provides a decent foundation for potential investors seeking a stable investment option in the insurance sector.
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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