Earnings Alerts

**Turk Telekomunikasyon As (TTKOM) Q2 Earnings Soar with Net Income of 1.42B Liras**

By September 16, 2024 No Comments
  • Second quarter net income: 1.42 billion liras, a significant improvement from the 3.62 billion lira loss in the same period last year
  • Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 22% year-over-year, reaching 12.8 billion liras
  • EBITDA margin improved to 38.8%
  • Capital expenditure was up 7.4% year-over-year, totaling 7.09 billion liras
  • Average revenue per mobile user was 174.50 liras
  • Turk Telekom still anticipates a 11% to 13% growth in revenue for the year
  • Analyst consensus: 12 buy recommendations, 3 hold recommendations, and 1 sell recommendation

A look at Turk Telekomunikasyon As Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth4
Resilience2
Momentum5
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

Turk Telekomunikasyon A.S., the leading telecommunications provider in Turkey, has received strong ratings in Smartkarma Smart Scores, indicating a positive long-term outlook. The company has scored highly in value, growth, and momentum, suggesting a sound financial position, potential for expansion, and adaptability to changing market conditions.

However, Turk Telekomunikasyon’s scores for dividend and resilience are lower, highlighting areas for improvement. Nevertheless, the company has substantial experience as an integrated provider of both land and mobile telecommunications services, as well as internet solutions for businesses and individuals within Turkey.


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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