Earnings Alerts

Snam SpA (SRG) Earnings: 1H Adjusted EBITDA Matches Estimates at €1.42 Billion

  • Adjusted EBITDA: Snam’s Adjusted EBITDA for the first half (1H) of 2024 came in at €1.42 billion, meeting analysts’ estimates of €1.41 billion.
  • Revenue: The company’s revenue was €1.80 billion, reflecting a 6.1% decrease year-over-year.
  • Analyst Ratings: Snam has received mixed ratings: 9 buys, 9 holds, and 2 sells from analysts.

A look at Snam SpA Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE3.2

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

Based on the Smartkarma Smart Scores, Snam SpA, the owner and operator of Italy’s natural-gas distribution network, presents a promising long-term outlook. With a high Dividend score of 5, the company is attractive for investors seeking steady income. Additionally, Snam SpA scores well in terms of Value and Growth with scores of 3, indicating favorable positioning in terms of potential growth opportunities and undervaluation. Despite a slightly lower Resilience score of 2, the company shows promising Momentum at 3, suggesting positive performance trends in the future.

Snam SpA‘s strategic position in owning and managing Italy’s gas distribution network positions it as a key player in the industry. The company’s strong emphasis on dividends appeals to income-focused investors, while its growth potential and overall value offer a diversified investment opportunity. Although facing challenges in resilience, Snam SpA‘s positive momentum indicates optimism for its future performance in the natural gas 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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