Earnings Alerts

Zte Corp A (000063) Earnings: 3Q Income Falls Short of Estimates with Revenue at 27.56 Billion Yuan

By October 21, 2024 No Comments
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  • ZTE’s third-quarter net income amounted to 2.17 billion yuan, which fell short of the market estimate of 2.38 billion yuan.
  • The company’s revenue for the third quarter was reported as 27.56 billion yuan, missing the expected 32.7 billion yuan.
  • For the nine-month period, ZTE achieved a net income of 7.91 billion yuan.
  • The company’s total revenue over the first nine months reached 90.04 billion yuan.
  • Analysts’ recommendations for ZTE include 12 buy ratings and 6 hold ratings, with no sell ratings.

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A look at Zte Corp A Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience4
Momentum3
OVERALL SMART SCORE3.6

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

Based on Smartkarma’s Smart Scores, ZTE Corp A seems to have a positive long-term outlook. With above-average scores in Dividend, Growth, Resilience, and a mid-range score in Momentum, the company appears well-positioned for future success. The Value score, although not the highest, suggests that ZTE Corp A is reasonably priced relative to its intrinsic value.

ZTE Corporation is a company that focuses on developing and marketing a variety of communication and networking products. They offer a range of solutions including switches, mobile communication systems, videoconferencing systems, and networking equipment. With solid scores across key areas like Dividend, Growth, and Resilience, ZTE Corp A shows promise for sustained growth and stability in the long term.


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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