Earnings Alerts

Volvo AB (VOLVB) Earnings: Q2 Net Sales and Profit Exceed Expectations

  • Volvo’s net sales for the second quarter reached SEK140.2 billion, surpassing the estimated SEK135.94 billion.
  • The adjusted operating profit stood at SEK19.45 billion, exceeding the expected SEK18.5 billion.
  • Volvo’s adjusted operating margin was 13.9%, higher than the forecasted 13.6%.
  • Earnings per share (EPS) came in at SEK7.65, beating the estimate of SEK6.91.
  • Analyst recommendations include 14 buys, 9 holds, and 3 sells for Volvo.

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 prominent manufacturer of trucks, buses, construction equipment, and other industrial products, is projected to have a mixed long-term outlook based on the Smartkarma Smart Scores analysis. With a solid score in Dividend and Growth aspects, Volvo AB shows promising signs for potential returns and expansion in the future. However, the company faces challenges in terms of Resilience, where it scored lower, indicating potential vulnerabilities in adverse conditions. Momentum and Value scores fall in between, suggesting a moderate performance in these areas. Overall, Volvo AB‘s diversified portfolio of offerings coupled with its focus on dividends and growth highlights a cautiously optimistic stance for its long-term prospects.

Despite facing some resilience-related hurdles, Volvo AB‘s strengths in dividend yield and growth opportunities position it decently for the future. The company’s wide range of products, including vehicles, drive systems, and financial services, provide a stable foundation for continued growth. While maintaining momentum and enhancing its value proposition could further strengthen Volvo AB‘s market position, focusing on building resilience against potential economic downturns would be crucial for sustaining long-term success in the competitive manufacturing industry.

### Volvo AB manufactures trucks, buses, construction equipment, drive systems for marine and industrial uses, and aircraft engine components. The Company also offers repair and maintenance, lease financing, insurance, and financial services to its customers. ###


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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