- Goodman Group‘s operating profit for the fiscal year is A$2.05 billion, a 15% increase year-over-year.
- The operating profit matched analysts’ estimates of A$2.05 billion.
- Operating earnings per share (EPS) increased to A$1.075 from A$0.943 in the previous year, slightly surpassing the estimate of A$1.07.
- Despite the operating profit increase, Goodman Group reported a statutory loss of A$98.9 million, compared to a profit of A$1.56 billion last year.
- The final distribution per security remains steady at A$0.15, unchanged from the previous year.
- Analysts’ recommendations include 4 buys, 3 holds, and 4 sells for Goodman Group.
- Original comparisons are based on the company’s disclosed values from previous reports.
Goodman Group on Smartkarma
Analyst coverage of Goodman Group on Smartkarma by Brian Freitas indicates a bullish sentiment with the headline “Goodman Group (GMG AU): Positioned for Outperformance”. According to the research report, Goodman Group is poised for potential outperformance due to expectations of significant passive buying in the near future. The stock has been outperforming its peers and is currently trading at a slight premium, possibly influenced by its presence in large indices. With another index inclusion on the horizon, there is anticipation for further short-term gains.
A look at Goodman Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.8 |
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
Goodman Group, an integrated industrial property group with a diverse global presence, has received a mix of Smart Scores reflecting its long-term outlook. With a Momentum score of 5, Goodman Group seems to be riding a wave of positive market sentiment and strong performance. This indicates a potential for continued growth and upward momentum in the foreseeable future. Meanwhile, its scores for Value, Dividend, and Growth hover around the average mark, suggesting a stable but not outstanding performance in these areas. The company’s Resilience score of 3 hints at a moderate ability to weather potential market challenges.
Overall, Goodman Group‘s profile as an industrial property specialist with operations spanning across multiple continents positions it well for long-term growth opportunities. While it may not stand out in terms of value or dividend metrics, the company’s strong Momentum score points towards a promising trajectory ahead, backed by a diversified portfolio comprising various industrial property assets worldwide.
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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