- Vestas’ revenue for 2Q 2024 was EU3.30 billion, missing the estimate of EU3.69 billion.
- The company reported an EBIT (Earnings Before Interest and Taxes) loss before significant items of EU185 million, against the expected profit of EU64 million.
- Group President & CEO Henrik Andersen noted that underlying earnings for the second quarter improved as planned, with significant progress in Power Solutions, showing an 8 percentage point improvement year-on-year.
- Vestas has narrowed its 2024 guidance on revenue and EBIT margin based on the second-quarter results.
- The expectation for Service EBIT has been lowered, as previously announced.
- Analyst ratings for Vestas include 21 buys, 11 holds, and 4 sells.
A look at Vestas Wind Systems A/S Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.2 |
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 Smartkarma Smart Scores, Vestas Wind Systems A/S has a mixed long-term outlook. With a Value score of 2, the company may not be considered a strong value investment. Similarly, the Dividend score of 1 indicates a lower likelihood of consistent dividend payouts. However, Vestas Wind Systems scores higher in Growth with a score of 3, showcasing potential for future expansion. In terms of Resilience, the company scores a 3, indicating a moderate ability to withstand economic downturns. Momentum, with a score of 2, suggests that the company’s stock may not be experiencing significant price momentum.
Vestas Wind Systems A/S, a company that develops, manufactures, and markets wind turbines for generating electricity, faces a varied outlook according to Smartkarma Smart Scores. While demonstrating potential for growth, the company may not be considered a strong value or dividend play based on the scores provided. However, with a moderate level of resilience and momentum, Vestas Wind Systems continues to serve customers globally through the installation and maintenance of wind turbines.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
