WorleyParsons Ltd (WOR) Earnings: FY Net Income and Revenue Miss Estimates

WorleyParsons Ltd on Smartkarma

Analysts on Smartkarma, a platform for independent investment research, are closely following WorleyParsons Ltd (WOR). Brian Freitas discusses the impact of Dar Group’s sale of a 19% stake in Worley, raising A$1.44bn. This transaction is expected to trigger passive buying and short covering, potentially leading to a re-rating of the stock as a large blocking stake is removed from the share register.

In another report, Clarence Chu highlights DAR Group’s plan to raise A$1.5bn by selling a significant portion of its stake in WorleyParsons Ltd. This sale, although at an attractive discount, may create an overhang post-deal, representing just 4.5% of DAR’s remaining stake. The analysts’ sentiment leans bullish on Worley as these developments unfold, providing valuable insights for investors.

A look at WorleyParsons Ltd Smart Scores

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

WorleyParsons Ltd, a company providing professional services to energy, resource, and complex process industries, is seen to have a promising long-term outlook based on the Smartkarma Smart Scores. With a solid overall outlook represented by a combination of Value, Dividend, Growth, Resilience, and Momentum scores, WorleyParsons Ltd seems to be positioned well for future growth and sustainability.

Although specific numerical details are not given, the company’s high Growth score indicates potential for expansion and development, while its Resilience score suggests a degree of stability in the face of challenges. Additionally, the Value, Dividend, and Momentum scores further contribute positively to WorleyParsons Ltd‘s overall outlook, highlighting various strengths across different factors essential for long-term success in the industry.

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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