Earnings Alerts

Hyundai Glovis (086280) Earnings: 2Q Operating Profit Surpasses Estimates

  • Hyundai Glovis reported an operating profit of 439.29 billion won for the second quarter of 2024.
  • The operating profit surpassed the market estimate of 424.45 billion won.
  • The net profit was 310.83 billion won, beating the estimate of 303.51 billion won.
  • Sales for the quarter reached 7.06 trillion won, exceeding the expected 6.82 trillion won.
  • Analyst ratings for Hyundai Glovis include 15 buys, 2 holds, and 1 sell.

Hyundai Glovis on Smartkarma

Analysts on Smartkarma like Sanghyun Park are closely following Hyundai Glovis, a company under the microscope for potential trading opportunities. In the research “Trading Opportunities Arising from the Enactment of The ‘Doosan Bobcat Prevention Law’,” Sanghyun Park highlights the upcoming law in Korea that may lead to favorable merger ratios for listed companies like Hyundai Glovis. This could create a strategic window for investors to position themselves in companies such as Hyundai Glovis before significant announcements.

In another report titled “Potential Recurrence of Local Flow Trade Patterns in Hyundai Glovis‘s Stock Dividend Event,” Sanghyun Park discusses the potential impact of local flow trading during Hyundai Glovis‘s stock dividend event. While the probability of this trading setup affecting stock movements is noted, investors are advised to be cautious and vigilant during this period as local proprietary traders may target specific patterns that could influence the stock price dynamics.


A look at Hyundai Glovis Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE4.0

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

Hyundai Glovis, a logistics company, holds promising long-term potential as indicated by its Smartkarma Smart Scores. With an overall positive outlook, the company scores high in crucial areas. With a solid score of 4 in Dividend, investors can expect good returns in the form of dividends. This reflects the company’s financial stability and commitment to rewarding shareholders.

Furthermore, Hyundai Glovis shines in Growth, Resilience, and Momentum, scoring 4 in each category. This suggests strong growth prospects, resilience in turbulent times, and positive momentum in the market. Combined with a respectable Value score of 3, Hyundai Glovis seems well-positioned for sustainable growth and value creation in the long haul.


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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars