Earnings Alerts

Techtronic Industries (669) Earnings: 1H Net Income Aligns with Estimates, Revenue Surpasses Expectations

  • Net Income: $550.4 million, aligned with the estimate of $552 million.
  • Revenue: $7.31 billion, slightly above the estimate of $7.25 billion.
  • Gross Margin: 39.9%, surpassing the estimate of 39.7%.
  • EBIT (Earnings Before Interest and Taxes): $626 million.
  • Analyst Recommendations: 19 buys, 1 hold, and 0 sells.

Techtronic Industries on Smartkarma

Analyst coverage on Techtronic Industries by David Blennerhassett was featured on Smartkarma, a platform where independent analysts share research on various companies. In his report titled “HK CEO & Director Dealings (29 May 2024)”, Blennerhassett highlighted insights gathered from the shareholding disclosure on the HKEx website. The report focuses on companies like J&T Global Express, Melco International Development, Techtronic Industries, Gushengtang, and United Energy, shedding light on director share dealings and pledges. Blennerhassett’s analysis leans towards a bullish sentiment.


A look at Techtronic Industries Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience3
Momentum4
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

Long-Term Outlook for Techtronic Industries

Techtronic Industries Company Limited, known for designing and manufacturing power tools, outdoor equipment, accessories, and more, shows a promising long-term outlook based on the Smartkarma Smart Scores. With a strong score in Growth and Momentum, the company seems well-positioned for future success. Its innovative product offerings cater to a wide range of users, including consumers, professionals, and industrial sectors.

Although Techtronic Industries scores moderately in Value and Dividend factors, it makes up for it with high scores in Growth and Momentum. These scores indicate a positive outlook for the company’s expansion and overall performance. Techtronic Industries‘ resilience score also adds to its attractiveness for investors, showcasing its ability to weather market fluctuations and maintain stability in the long run.


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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