- Norsk Hydro’s adjusted Ebitda for the third quarter was NOK 7.37 billion, surpassing the estimate of NOK 7.07 billion.
- The energy segment showed a strong performance with an adjusted Ebitda of NOK 626 million, slightly above the estimate of NOK 624 million.
- The company experienced positive development in upstream revenue drivers, contributing to strong results in its upstream business.
- The challenging conditions in the downstream market were mitigated by the strong upstream performance.
- Increased alumina prices positively impacted results for the Bauxite & Alumina segment.
- Market analysts have 13 buy ratings, 8 hold ratings, and 1 sell rating for Norsk Hydro.
A look at Norsk Hydro ASA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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 using Smartkarma Smart Scores indicate that Norsk Hydro ASA, a prominent provider of aluminum and aluminum products, has a diverse outlook based on key metrics. With a solid resilience score of 4, the company demonstrates strength in weathering economic uncertainties and market volatility. This resilience underscores Norsk Hydro’s ability to navigate challenges and maintain stability in the long term.
Furthermore, the company shows promising momentum with a score of 4, suggesting positive trends in its stock performance and market sentiment. Although growth scores slightly lower at 2, Norsk Hydro has the potential for expansion opportunities. Combined with average scores in value and dividend, Norsk Hydro ASA presents an overall outlook that positions it well for sustained success in its industry.
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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