Earnings Alerts

Gree Electric Appliances (000651) Earnings: FY Net Income Surpasses Estimates with Strong Performance

  • Gree Electric’s net income for the fiscal year stands at 32.18 billion yuan, exceeding the estimated 31.21 billion yuan.
  • The company’s revenue reached 189.16 billion yuan, which is below the projected 203.5 billion yuan.
  • Earnings per share (EPS) were reported at 5.83 yuan.
  • Analyst recommendations include 37 buys, 2 holds, and 1 sell.

A look at Gree Electric Appliances Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth4
Resilience4
Momentum3
OVERALL SMART SCORE3.8

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

In analyzing Gree Electric Appliances, Inc., the company shows strong performance in various aspects. With a perfect score of 5 in the Dividend category, investors can expect consistent and attractive payouts from the company. Additionally, scoring a 4 in both Growth and Resilience, Gree Electric Appliances demonstrates promising potential for expansion and a strong ability to withstand market challenges.

However, with scores of 3 in both Value and Momentum, there may be areas for improvement in terms of valuation and market traction. Overall, Gree Electric Appliances presents a solid foundation with room for growth, making it an interesting prospect for long-term investors looking for stable dividends and growth opportunities within the air conditioning and air purifier industry.

Summary: Gree Electric Appliances, Inc. of Zhuhai specializes in manufacturing and selling a variety of air conditioners, including window type, split type, floor type, mobile type, mobile split type, and ceiling type. The company also produces air purifiers.


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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