- Ocado’s 3rd Quarter retail sales outperformed expectations.
- Retail sales reached £658.0 million, exceeding the estimate of £615.6 million.
- The average number of orders per week was 437,000, surpassing the estimated 407,289.
- Analyst ratings include 5 buys, 5 holds, and 6 sells.
A look at Ocado Group PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
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 the long-term outlook for Ocado Group PLC have given mixed ratings based on Smartkarma Smart Scores. The company scored well in Growth, indicating a positive trajectory for expanding its operations and revenue streams. This suggests that Ocado may experience significant growth opportunities in the future, attracting investors looking for companies with strong growth potential.
However, other factors such as Dividend and Resilience scored lower, implying that Ocado may not be the best choice for investors seeking regular dividend payments or companies less susceptible to economic downturns. Despite these mixed ratings, with a focus on distributing various consumer products through home delivery services, Ocado Group PLC remains a prominent player in the retail sector.
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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