Earnings Alerts

Renishaw PLC (RSW) Earnings: FY Revenue Meets Estimates, Pretax Profit Falls Short

By September 12, 2024 No Comments
  • Revenue: Renishaw’s full-year revenue was GBP691.3 million, slightly above the estimate of GBP686.4 million.
  • Pretax Profit: The company reported a pretax profit of GBP122.6 million, which was below the estimated GBP132 million.
  • Analysts’ Ratings: Out of the analysts covering the stock, there are 2 buy ratings, 3 hold ratings, and 2 sell ratings.

Renishaw PLC on Smartkarma

Analyzing Renishaw PLC on Smartkarma, independent analysts from Business Breakdowns have provided insightful coverage. In their report titled “Renishaw: The Precision Pioneers – Business Breakdowns, EP.181,” they discuss Renishaw’s position as a key supplier of precision tools for industries such as semiconductors and robotics. The analysis delves into Renishaw’s business model, revenue sources, and emphasizes the importance of precision in manufacturing processes. The sentiment conveyed in the research leans towards a bullish outlook on Renishaw’s prospects.


A look at Renishaw PLC Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience4
Momentum3
OVERALL SMART SCORE3.0

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

Renishaw PLC, a company specializing in high technology precision measuring and calibration equipment, has been assessed using the Smartkarma Smart Scores. With a solid overall outlook, the company scores well in factors such as resilience and dividends. Renishaw’s products, including advanced metrology equipment and spectroscopy systems, cater to a global market across various sectors, indicating a strong foundation for long-term growth and stability.

Despite facing some challenges, Renishaw PLC‘s performance in areas like value and momentum suggests room for improvement. However, with a focus on growth and a commitment to innovation, the company remains well-positioned to capitalize on future opportunities. Investors looking for a steady performer in the precision equipment industry may find Renishaw PLC‘s combination of technological expertise and market diversification appealing for long-term investment strategies.


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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