Earnings Alerts

Globe Telecom (GLO) Earnings: 2Q Net Income Hits 7.74 Billion Pesos

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  • Globe Telecom‘s net income for the second quarter is 7.74 billion pesos.
  • For the first half of 2024, the net income reached 14.5 billion pesos, showing a 0.7% increase year-on-year.
  • Capital expenditure amounted to 28.3 billion pesos in the first half of 2024.
  • EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is 43 billion pesos.
  • Service revenue for the first half of 2024 is 82.2 billion pesos.
  • Analyst recommendations: 15 buys, 3 holds, and 1 sell.

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A look at Globe Telecom Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth3
Resilience2
Momentum5
OVERALL SMART SCORE3.2

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, Globe Telecom shows promising long-term potential. With a strong dividend score of 4 and high momentum score of 5, the company seems well-positioned for growth and stability. Although the value and resilience scores are moderate at 2 and 3 respectively, the overall outlook remains positive due to the favorable dividend yield and strong momentum.

Globe Telecom, Inc. is a telecommunications company that provides a wide range of wireless and digital communication services. Their offerings include wireless application protocol services, GSM network services, wireline voice, and data services. With a balanced combination of growth opportunities, dividend payouts, and operational resilience, Globe Telecom is positioned to continue its growth trajectory in the 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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