- A O Smith Corp’s 1Q EPS was $1.00, which was past the estimate of 99c and the prior year’s 84c.
- The company recorded net sales of $978.8 million, a rise of 1.3% from the previous year, though short of the $995.8 million estimate.
- Sales in North America amounted to $766.3 million, outpacing the previous year’s figures by 1.8%, however, falling short of estimation $775.6 million.
- The sales in the remainder of the world were $226.9 million, 3.6% more than the prior year’s figure, narrowly missing the $228.2 million estimate.
- A.O. Smith achieved a 6% rise in sales in China despite ongoing macroeconomic challenges, thanks to its kitchen products being well received in the market.
- The adjusted 1Q EPS was in line with the estimate at $1.00.
- The company maintains its EPS forecast that ranges from $3.90 to $4.15.
- A.O. Smith reiterated its 2024 sales forecast projecting a 3% to 5% YoY growth. Full-year EPS guidance remains in the range of $3.90 to $4.15, reflecting a 6% YoY increase at the mid-point.
- The company’s shares were rated as “buy” by four analysts, “hold” by eight, and “sell” by two analysts.
A look at Smith (A.O.) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| 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 have given A.O. Smith Corporation a promising long-term outlook. With strong scores in Growth, Resilience, and Momentum, the company is positioned for future success. While its Value and Dividend scores are average, A.O. Smith’s high marks in Growth indicate potential for expansion and increased market value. The company’s Resilience and Momentum scores highlight its ability to weather economic uncertainties and maintain a positive growth trajectory.
A.O. Smith Corporation, a global manufacturer of water heating equipment and water treatment products, has garnered favorable assessments in key areas according to Smartkarma Smart Scores. With a focus on innovation and market presence worldwide, the company’s robust Growth, Resilience, and Momentum scores showcase its strength and potential for sustained performance in the long term. While improvements in Value and Dividend scores could enhance its overall outlook, A.O. Smith’s core strengths position it well for future growth and market leadership.
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.
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