- Prysmian FY Adjusted EBITDA Forecast: Prysmian now forecasts an adjusted EBITDA of €1.90 billion to €1.95 billion, significantly higher than the previous high-end forecast of €1.68 billion.
- Exceeded Estimates: The new forecast surpasses the market estimate of €1.88 billion.
- Second Quarter Revenue: Revenue for the second quarter came in at €4.13 billion, beating the estimate of €4.03 billion.
- Operating Profit: The company reported an operating profit of €305 million for the second quarter.
- Net Income: Net income for the second quarter was €217 million, surpassing the estimate of €206 million.
- Analyst Ratings: There are currently 15 buy ratings, 4 hold ratings, and 2 sell ratings for Prysmian’s stock.
A look at Prysmian SpA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
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
Based on the Smartkarma Smart Scores, Prysmian SpA shows a promising long-term outlook. With a strong momentum score of 5, the company is exhibiting positive trends in its stock performance. Additionally, Prysmian SpA has received high scores in growth and resilience, both at 4, indicating potential for expansion and the ability to weather economic uncertainties.
Although the value and dividend scores are at 2, suggesting moderate performance in these areas, the overall outlook for Prysmian SpA seems favorable. As a company specializing in cables for energy and telecommunications industries, Prysmian SpA is well-positioned to capitalize on the growing demand for connectivity and infrastructure development worldwide.
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.
💡 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
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
