Earnings Alerts

Neste Oyj (NESTE) Earnings: 3Q Adjusted EBITDA Misses Estimates Despite Surpassing Revenue Expectations

By October 24, 2024 No Comments
  • Neste’s third-quarter adjusted EBITDA came in at EU293 million, which is below the estimated EU338.6 million.
  • The company’s revenue for the third quarter was EU5.62 billion, surpassing the estimate of EU5.14 billion.
  • Market analyst recommendations for Neste include 15 buy ratings, 8 hold ratings, and 2 sell ratings.

A look at Neste Oyj Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
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

Analysts assessing Neste Oyj‘s long-term outlook have given the company favorable scores across various key factors. With a strong emphasis on sustainability, Neste Oyj has received a high score of 5 for Dividend, indicating a promising outlook for potential income for investors. Furthermore, the company has scored well in Value and Growth, with scores of 4 in each category, reflecting a solid overall financial standing and growth potential.

While Neste Oyj has achieved commendable scores in several areas, there are areas for potential improvement. The company’s scores of 3 for Resilience and Momentum suggest that there may be some challenges in terms of market stability and growth acceleration. However, overall, with solid scores in Dividend, Value, and Growth, coupled with its focus on environmentally friendly products, Neste Oyj appears to have a promising long-term outlook for investors seeking both financial returns and sustainability.


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