- Weg’s net income for Q2 2024 reached R$1.44 billion, marking a 5.4% year-over-year increase and surpassing the estimate of R$1.35 billion.
- Net operating revenue hit R$9.27 billion, up by 14% year-over-year, aligning with estimates.
- Domestic market net operating revenue was R$4.13 billion, a rise of 10% year-over-year.
- External market net operating revenue increased by 16% year-over-year to R$5.14 billion.
- EBITDA for the quarter was R$2.12 billion, showing a 16% increase year-over-year and beating the estimate of R$1.93 billion.
- The EBITDA margin stood at 22.9%.
- Return on invested capital was 37.4%, exceeding the 31% estimate.
- Weg received 8 buy ratings, 5 hold ratings, and 2 sell ratings from analysts.
A look at WEG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
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
Analysts assessing WEG’s long-term outlook using Smartkarma Smart Scores highlight positive prospects in various key areas. With a solid Growth score of 4 and top-notch Resilience and Momentum scores of 5 each, WEG is positioned well for future expansion and market stability. Moreover, the Value and Dividend scores of 2 suggest a balanced approach to financial performance and shareholder returns.
WEG S.A., known for manufacturing industrial machinery such as electric motors, transformers, generators, and control systems, stands out for its strong Resilience and Momentum according to the Smartkarma Smart Scores. These scores reflect the company’s ability to adapt to market challenges and maintain growth momentum, boding well for its long-term sustainability and success in the industrial machinery sector.
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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