- Pretax Profit Miss: JM’s pretax profit for the second quarter was SEK 123 million, falling short of the estimated SEK 149.6 million.
- Revenue Beat: The company reported a revenue of SEK 3.58 billion, exceeding the estimate of SEK 2.92 billion.
- Residential Units Sold: JM sold 1,075 residential units during the quarter.
- Housing Starts: The number of housing starts was 722.
- Operating Profit Miss: Operating profit came in at SEK 169 million, below the expected SEK 180 million.
- Analyst Ratings: The company has 3 buy ratings, 2 hold ratings, and 3 sell ratings.
A look at JM AB Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
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
Investors looking at the long-term outlook for JM AB, a property management and construction company, can take note of the Smartkarma Smart Scores as a guide. With a strong Value score of 4, JM AB is viewed favorably in terms of its valuation compared to its peers. Additionally, the company receives respectable scores in Dividend, Growth, and Momentum, showcasing areas of stability and potential growth. However, JM AB scores lower in Resilience, suggesting that it may face some challenges in unforeseen circumstances.
Overall, JM AB seems to be well-positioned in its sector with solid scores in most categories. The company’s focus on managing properties and constructing buildings in various countries provides a diversified revenue stream. Investors may find JM AB an interesting prospect for long-term investment based on its scores in Value, Dividend, Growth, and Momentum, despite the slight setback in Resilience.
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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