Earnings Alerts

Volvo AB (VOLVB) Earnings: 3Q Results Miss Expectations with Lower Net Sales and Profit Margins

By October 18, 2024 No Comments
  • Volvo’s net sales for the third quarter reached SEK117.0 billion, falling short of the estimated SEK121.07 billion.
  • The adjusted operating profit was SEK14.07 billion, compared to the expected SEK15.05 billion.
  • Volvo’s adjusted operating margin stood at 12%, slightly below the anticipated 12.3%.
  • The company’s operating profit was SEK14.07 billion, just missing the forecast of SEK15.06 billion.
  • Earnings per share (EPS) were reported at SEK4.93, lower than the expected SEK5.57.
  • Stock recommendations included 14 ‘buys,’ 10 ‘holds,’ and 1 ‘sell’ from analysts.

A look at Volvo AB Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
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

Volvo AB, a company specializing in the manufacturing of trucks, buses, construction equipment, and various other industrial products, has received mixed ratings across different criteria according to Smartkarma Smart Scores. With a moderate Value score of 3, investors may find Volvo’s current valuation to be reasonably in line with its industry peers. The company’s strong Dividend and Growth scores of 4 each suggest that Volvo provides consistent dividends to its shareholders and displays promising growth prospects for the future. However, Volvo’s lower Resilience score of 2 may indicate some vulnerability to market fluctuations, while its Momentum score of 3 reflects a neutral position in terms of market momentum.

Overall, based on the Smartkarma Smart Scores, Volvo AB appears to present a stable investment opportunity with solid dividend potential and growth prospects. However, the company’s resilience and market momentum factors may require closer monitoring to assess its long-term performance accurately. Considering Volvo’s diverse product offerings and comprehensive services, investors may find value in this established manufacturer but should keep a watchful eye on market dynamics and the company’s ability to adapt to changing business environments.


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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