- Prestige Estates’ net income for the first quarter is 2.33 billion rupees, beating the estimate of 1.77 billion rupees.
- Despite this, net income is down 13% compared to the same period last year.
- Revenue increased by 11% year-over-year, reaching 18.6 billion rupees, though it missed the estimate of 23.95 billion rupees.
- Total costs went up by 2.6% year-over-year, totaling 16 billion rupees.
- Other income dropped significantly to 1.62 million rupees from 2.85 billion rupees year-over-year.
- Investment analyst recommendations: 16 buys, 1 hold, and 2 sells.
A look at Prestige Estates Projects Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.8 |
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 utilizing the Smartkarma Smart Scores system have indicated a promising long-term outlook for Prestige Estates Projects. With a strong Momentum score of 5, the company shows robust performance potential in the foreseeable future. This is complemented by a Growth score of 3, suggesting growth opportunities ahead. While Value, Dividend, and Resilience scores are relatively moderate, the high Momentum score highlights Prestige Estates Projects‘ positive momentum in the market.
Prestige Estates Projects Ltd. is a real estate developer specializing in a wide range of projects, including residential developments, commercial properties, hotels, resorts, and retail buildings. With a solid foundation in various real estate sectors, the company’s overall Smart Scores indicate a favorable outlook, especially in terms of momentum and growth potential.
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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