Category

Earnings Alerts

Hangzhou Hikvision (002415) Earnings Review: FY Net Income Meets Estimates with Revenue Surpassing Expectations

By | Earnings Alerts
  • Hikvision’s fiscal year net income was 14.11 billion yuan, meeting financial predictions.
  • The estimated income was marginally lower at 14.02 billion yuan.
  • Reported revenue surpassed estimates, coming in at 89.34 billion yuan against a projected 88.14 billion yuan.
  • Earnings Per Share (EPS) stood firm at 1.520 yuan.
  • A total of 24 purchases, 2 holds and 0 sells were counted, further solidifying Hikvision’s financial standing.

A look at Hangzhou Hikvision Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth3
Resilience4
Momentum4
OVERALL SMART SCORE3.4

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

Hangzhou Hikvision Digital Technology Co., Ltd, known for their video surveillance products, is positioned well for long-term success based on their Smartkarma Smart Scores. With a solid Dividend score of 4, investors can expect good returns in the form of dividends. Additionally, the company shows strong Resilience and Momentum with scores of 4, indicating stability and positive growth potential. Although the company scores moderate on Value and Growth at 2 and 3 respectively, its overall outlook seems optimistic.

Hangzhou Hikvision‘s focus on manufacturing and selling video surveillance equipment sets the stage for continued growth and innovation in the industry. Their product range includes video and audio compression cards, network hard disk video recorders, cameras, and more digital products. With a balanced mix of strengths in areas like Dividends, Resilience, and Momentum, Hangzhou Hikvision appears well-positioned to navigate the market and capitalize on future opportunities.


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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Earnings Review: China Resources Sanjiu Medical & Pharma (000999) Scores 1.36B Yuan Net Income in 1Q Earnings

By | Earnings Alerts

• CR Sanjiu reported a net income of 1.36 billion yuan for the first quarter.

• The company earned revenue totalling 7.29 billion yuan in the same period.

• The stock has an overwhelmingly positive outlook with 23 buy recommendations and no holds or sells.


China Resources Sanjiu Medical & Pharma on Smartkarma

Analysts on Smartkarma have varying views on China Resources Sanjiu Medical & Pharma. Xinyao (Criss) Wang‘s bearish outlook in the report titled “China Resources Sanjiu (000999.CH) – 2023 Results Below Expectations; Short-Term Headwinds Remain” highlights that Sanjiu’s 2023 performance fell short of expectations due to challenges in the TCM injection business and anti-corruption measures. Despite a high dividend payout ratio, the performance growth outlook for 2024 is anticipated to be lower than that of 2023.

Conversely, Xinyao (Criss) Wang‘s bullish perspective in the report “China Healthcare Weekly (Nov.24) – Gold Content Of License-Out Deals, NRDL Pricing Levels, CR Sanjiu” emphasizes that the upfront payment in licensing deals signifies their true value. The stability in NRDL prices for innovative drugs and the focus on upfront payments rather than milestone payments are key considerations. However, challenges such as anti-corruption impact and weak TCM formula granules business performance could put pressure on Sanjiu’s 2023 second half results.


A look at China Resources Sanjiu Medical & Pharma Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE4.0

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

China Resources Sanjiu Medical & Pharmaceutical Co., Ltd. is showing promising signs for its long-term outlook based on the Smartkarma Smart Scores. With a strong momentum score of 5, the company is demonstrating significant positive price trends and investor interest. This suggests a potential for continued growth and market outperformance in the future.

Additionally, China Resources Sanjiu Medical & Pharma received high scores in dividend, growth, and resilience, indicating a solid financial foundation and potential for future expansion and stability. While the value score is slightly lower at 3, the overall outlook for the company seems positive, supported by its diverse business operations in the healthcare and pharmaceutical sectors.


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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Krung Thai Bank Pub (KTB) Reports Stellar 1Q Earnings: Net Income Hits 11.08B Baht with Strong Buy Recommendations

By | Earnings Alerts
  • Krung Thai Bank reported a net income of 11.08 billion baht for the first quarter.
  • The Earning per Share (EPS) reported is 0.79 baht.
  • Analysis on the bank’s stock performance show 16 ‘buy’ recommendations.
  • There are also 9 ‘hold’ recommendations suggesting a mix market sentiment.
  • Only 2 recommendations suggest ‘sell’, indicating overall strong confidence in the Bank’s performance.

Krung Thai Bank Pub on Smartkarma

Analyst coverage on Krung Thai Bank Pub by Victor Galliano on Smartkarma reveals insightful recommendations. In the report “Thai Banks 4Q23 Screener,” Victor suggests sticking with Krung Thai due to its strong profitability, healthy balance sheet, and attractive valuations. Noting the improved cost of risk for Kasikorn, Victor recommends switching out of Ayudhya into Kasikorn for potentially better returns. Krung Thai is highlighted for its solid post-provision profitability, close to double-digit ROE, and attractive financial ratios. The addition of Kasikorn to the buy list signifies potential post-provision returns improvement, while Ayudhya is removed due to worsening cost of risk trends and weaker capital adequacy.

In another report, “Thai Banks 3Q23 Screener,” Victor advises sticking with Krung Thai and Ayudhya based on their strong profitability, healthy balance sheets, and attractive ratios. Krung Thai stands out for its double-digit ROE, while Ayudhya is praised for its sound pre and post-provision profitability metrics. Despite Kasikorn’s healthy pre-provision profitability, its high and worsening cost of risk is highlighted as an area of concern, keeping it from receiving a strong recommendation at this time.


A look at Krung Thai Bank Pub Smart Scores

FactorScoreMagnitude
Value5
Dividend3
Growth4
Resilience5
Momentum3
OVERALL SMART SCORE4.0

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 the Smartkarma Smart Scores, Krung Thai Bank Public Company Limited is poised for a positive long-term outlook. With a perfect score in Value and Resilience, the bank demonstrates strong fundamentals and robustness in the face of market challenges. Additionally, the above-average scores in Growth indicate potential opportunities for expansion and development in the future. While the scores for Dividend and Momentum are decent, there is room for improvement in these areas to further enhance the overall performance of the company.

Krung Thai Bank Pub, a state-owned commercial bank, is backed by a solid foundation and a diverse range of financial services. Majority owned by the Financial Institutions Development Fund, the bank offers services such as commercial and consumer loans, credit cards, and international trade financing. With a strong emphasis on value and resilience, Krung Thai Bank Pub is positioned well to navigate the dynamic financial landscape and capitalize on growth opportunities 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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Jio Financial Services (JIOFIN) Reports Q4 Earnings Growth with Net Income Rising to 3.11B Rupees

By | Earnings Alerts
  • Jio Financial’s net income for 4Q was 3.11 billion rupees. This is an increase of 5.8% compared to the previous quarter.
  • The reported revenue for the same quarter was 4.18 billion rupees, showing a slight increase of 1.5% from the previous quarter.
  • Jio’s total costs were listed as 1.03 billion rupees for the fourth quarter.
  • There was a drop in the company’s shares by 2.2% to 370.10 rupees, with a total of 39.5 million shares traded.
  • The investment consensus for Jio Financial currently stands at one buy, with no holds or sells.
  • All comparisons to past results are based on values reported by the company in its original disclosures.

Jio Financial Services on Smartkarma

Analyst Coverage of <a href="https://smartkarma.com/entities/jio-financial-services-limited">Jio Financial Services</a> on Smartkarma

Analysts on Smartkarma, a platform for independent investment research, have been closely monitoring Jio Financial Services. One such analyst, Brian Freitas, known for his bullish insights, recently published a research report titled “NIFTY NEXT50 Index Rebalance Preview: Potential Adds Skyrocketing.” In this report, Freitas highlighted that there are expected to be 6 changes to the NEXT50 Index in March. The potential additions to the index have significantly outperformed the potential deletions over the past two months, with a turnover rate of approximately 14% and a substantial one-way trade volume of INR 27 billion.

Freitas pointed out that the potential new additions to the index have demonstrated a 35% outperformance compared to the potential deletions, indicating a strong market trend. With more than 1.5 times the average daily volume to sell on the deletions, the upcoming changes in the NIFTY NEXT50 Index are generating interest among investors following Freitas’ analysis on Smartkarma.


A look at Jio Financial Services Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth2
Resilience4
Momentum5
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

Analysts using the Smartkarma Smart Scores have given Jio Financial Services a solid overall outlook. With high scores in Value, Resilience, and Momentum, Jio Financial Services is seen as a company with strong potential for long-term growth and stability. The company’s emphasis on providing robust infrastructure technology solutions in the financial sector has positioned them as a valuable player in the Indian market.

Although Jio Financial Services scores lower in Dividend and Growth, the high scores in other areas indicate that the company may be focusing on reinvesting profits into expanding its operations and enhancing its services. Investors looking for a company with a good combination of value, resilience, and momentum may find Jio Financial Services to be an attractive prospect for long-term investment.


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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Bank of Hangzhou (600926) Earnings: FY Net Income Surpasses Estimates with Strong First Quarter Results

By | Earnings Alerts
  • Bank of Hangzhou outperformed expectations with a net income of 14.38 billion yuan, surpassing the estimate of 14.2 billion yuan.
  • The first quarter results showcased a net income of 5.13 billion yuan.
  • The bank’s performance has instilled confidence in the market, as indicated by 19 buys, 4 holds, and 1 sell.

A look at Bank of Hangzhou Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE4.0

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

Bank of Hangzhou is positioned favorably for long-term success according to Smartkarma’s Smart Scores. With top scores in Value and Dividend, the company demonstrates strong fundamental performance. Additionally, its solid scores in Growth and Momentum indicate potential for future expansion and market traction. However, Bank of Hangzhou falls short in Resilience, which highlights a vulnerability that investors should keep in mind.

Overall, Bank of Hangzhou, a banking services provider specializing in deposits, loans, currency trading, credit cards, and wealth management, presents a promising investment opportunity based on its impressive Smart Scores across various key factors. Investors may find the company an attractive option due to its strong value proposition, dividend offerings, growth potential, and positive market momentum, despite some concerns regarding resilience.


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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Schlumberger Ltd (SLB) Earnings Outperform Estimates with Solid 1Q Adjusted EPS Growth and Robust Revenue Increase

By | Earnings Alerts

• Schlumberger NV’s adjusted EPS for 1Q was 75c, beating the estimated 74c and showing an increase from 63c year-on-year.

• Revenue for the quarter amounted to $8.71 billion, which aligns with the estimate and represents a 13% increase from last year.

• The Digital & Integration revenue, although falling slightly short of the $973.9 million estimate, still improved by 6.6% year-on-year, racking up to $953 million.

• Reservoir Performance revenue outperformed the estimate of $1.67 billion, with reported revenue of $1.73 billion, a 15% increase from the previous year.

• While the Production Systems and Well Construction revenues were nearly on par with their respective estimates, at $2.82 billion and $3.37 billion respectively, both demonstrated substantial year-on-year growth at 28% and 3.3%.

• Without factoring in the contribution from the newly acquired Aker subsea business, the Production Systems revenue still managed to grow by 6%.

• The adjusted Ebitda for the period came in at $2.06 billion, slightly less than the $2.07 billion estimate but still showing a 15% year-on-year growth.

• The capital expenditure declined by 2.7% year-on-year, totaling $399 million, considerably lower than the estimated $514.6 million.

• Net debt amounted to $8.68 billion, which is higher than the previous quarter by 8.8% but lower than the estimated $8.89 billion.

• The company observed a small dip in revenue by 3% in both North America and international markets due to seasonality.

• Analysts currently rate the company’s stock as 28 buys, 3 holds, and 0 sells.


Schlumberger Ltd on Smartkarma

Analyst coverage of Schlumberger Ltd on Smartkarma has been positive, with reports highlighting key drivers for the company’s growth and resilience in the energy market. Baptista Research‘s report, titled “Schlumberger Limited: Advancements In New Energy Markets & 5 Other Major Drivers,” emphasizes the company’s ability to adapt in a challenging environment. The report discusses strong financial results for the fourth quarter and full year of 2023, indicating robust revenue growth and favorable outlooks for 2024. Baptista Research also delves into factors influencing the company’s stock price and conducts an independent valuation through a Discounted Cash Flow methodology.

Another analyst, Suhas Reddy, provides insights in their report “[Earnings Preview] Intl. & Offshoring Markets to Drive Stunning Earnings for Schlumberger in Q423,” focusing on the anticipated strong performance in international markets and offshore segments driving growth for Schlumberger. The report mentions expectations of revenue growth surpassing 15% year over year in 2023, with pre-tax operating margins in Q4 2023 benefiting from increased digital sales and seasonal product sales. Overall, analyst consensus leans bullish on Schlumberger’s stock, with optimism stemming from the company’s increasing presence in international markets and promising outlook in the offshore sector.


A look at Schlumberger Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.4

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 Smart Scores, Schlumberger Ltd shows a positive long-term outlook. The company scores well in Growth and Momentum, indicating a strong potential for expansion and market traction. With a solid Resilience score, Schlumberger demonstrates durability in the face of market challenges. While the Value and Dividend scores are moderate, the overall outlook suggests a promising future for the oil services company.

Schlumberger Limited, an oil services company, offers a wide array of services to the international petroleum industry. With a focus on technology, project management, and information solutions, as well as advanced acquisition and data processing surveys, Schlumberger caters to a diverse range of client needs in the oil and gas sector. The company’s positive scores in Growth and Momentum highlight its potential for continued success and expansion 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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HDFC Asset Management Co Ltd (HDFCAMC) Earnings: 4Q Net Income Surpasses Estimates with an 11% Quarter-on-Quarter Increase

By | Earnings Alerts
  • HDFC AMC 4Q net income has exceeded the estimates, coming in at 5.41 billion rupees which is an 11% quarter on quarter increase.
  • The revenue of the company stands at 6.95 billion rupees, a 3.6% quarter on quarter increase. However, it is slightly below the estimated value of 7.25 billion rupees.
  • The total costs have been reduced by 2.8% q/q, amounting to 1.72 billion rupees. This is lower than the initial estimate of 1.95 billion rupees.
  • The other income of the company has seen a significant increase of 61% year on year, reaching 1.56 billion rupees. This surpasses the estimated value of 1.16 billion rupees.
  • A dividend per share of 70 rupees has been declared by the company.
  • Among the financial analysts, there are 11 buys, 9 holds and 3 sells.
  • All the comparisons to past results are based on the values reported by the company’s original disclosures.

HDFC Asset Management Co Ltd on Smartkarma

On Smartkarma, an independent investment research network, analyst Pranav Bhavsar provides coverage of HDFC Asset Management Co Ltd. In the recent report titled “[Week 8] Namaste India πŸ™ | Earnings Edition – Part I,” Bhavsar presents a bullish view on the company. The report delves into the earnings of Indian Consumer Companies and focuses on reported earnings, performance against expectations, and key highlights from earnings calls. Beyond simply identifying bullish or bearish sentiments, Bhavsar highlights interesting aspects of HDFC Asset Management Co Ltd that are open for further discussion.


A look at HDFC Asset Management Co Ltd Smart Scores

FactorScoreMagnitude
Value2
Dividend5
Growth3
Resilience4
Momentum4
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 the Smartkarma Smart Scores, HDFC Asset Management Co Ltd shows a strong performance in several key areas. With a high dividend score of 5, investors can expect good returns in the form of dividends. Additionally, the company demonstrates resilience and momentum with scores of 4 each, indicating a consistent ability to weather market fluctuations and maintain positive growth trends over time.

While HDFC Asset Management Co Ltd scores moderately in terms of value and growth with scores of 2 and 3 respectively, its robust dividend, resilience, and momentum scores suggest a promising outlook for long-term investment. As an investment management firm catering to a wide range of clients in India, HDFC Asset Management Co Ltd appears well-positioned to deliver steady performance and returns in the foreseeable future.

### HDFC Asset Management Co. Ltd. operates as an investment management firm. The Company offers portfolio management and advisory services to individuals, institutions, trusts, private funds, charitable organizations, and investment companies. HDFC Asset Management serves customers in India. ###


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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Huntington Bancshares Earnings Report: 1Q Net Interest Margin Matches Estimates and Outperforms Yearly Projections

By | Earnings Alerts
  • Huntington Bancshares‘ net interest margin for the 1st Quarter was 3.01%, which matches the estimated interest margin.
  • The company reported Earnings Per Share (EPS) of 26 cents, a decline from 39 cents year-on-year.
  • The adjusted EPS was 28 cents, compared to the 38 cents from the previous year, beating the estimate of 25 cents.
  • The return on average assets was 0.89%, slightly lower than the 1.32% from the previous year but exceeding the estimate of 0.87%.
  • While the return on average equity came in at 9.2%, indicating a decline from the previous year’s 14.6%.
  • Net charge-offs increased by 61% year-on-year to $92 million, which was narrowly below the estimated $93.2 million.
  • Provision for credit losses also increased to $107 million, a 26% increase year-on-year but lower than the estimated $110.5 million.
  • Revenue came in at $1.77 billion, a decrease of 8.4% year-on-year but surpassing the estimate of $1.75 billion.
  • The company’s efficiency ratio was 63.7%, an increase from 55.6% from the previous year and slightly lower than the estimated 64.7%.
  • Analysts have given the company’s stocks 13 ‘buy’ ratings, 9 ‘holds’ and 1 ‘sell’ rating.

A look at Huntington Bancshares Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.8

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 Smart Scores, Huntington Bancshares Incorporated is well-positioned for the long term. With strong scores across various factors such as value, dividend, growth, and momentum, the company showcases a promising outlook. The high scores in value and dividend indicate solid fundamental strengths and potential for returns for investors. Additionally, the growth score suggests potential for expansion and enhanced performance in the future. While resilience scored slightly lower, the overall positive outlook based on the scores indicates a robust overall performance expected from Huntington Bancshares.

Huntington Bancshares Incorporated, a multi-state bank holding company, offers a comprehensive range of financial services through its subsidiaries. Providing a wide array of banking services, mortgage banking, investment management, and insurance programs, the company caters to both commercial and consumer clients. With Smartkarma Smart Scores pointing towards strengths in key areas like value and growth, Huntington Bancshares may be poised for sustained success and growth 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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Fifth Third Bank (FITB) Earnings Report: 1Q Average Deposits Meet Estimates Amidst Adjusted Non-Interest Income Surge

By | Earnings Alerts
  • Fifth Third’s 1Q average deposits were $168.12 billion, close to the estimated $169.01 billion.
  • The average portfolio loans and leases amounted to $117.33 billion.
  • Net interest income FTE stood at $1.39 billion, beating the $1.38 billion estimate.
  • The Net interest margin was 2.86%, higher than the estimated 2.82%.
  • Earnings per share (EPS) was 70c.
  • The provision for credit losses was $94 million, slightly above the $90.7 million estimate.
  • Net credit recoveries outperformed the estimate, with $110 million against a predicted charge-off of $108.6 million.
  • The common equity Tier 1 ratio was as estimated, at 10.4%.
  • The efficiency ratio was at 63.9%, slightly more than the 62.8% estimate.
  • The Tier 1 ratio was as expected, at 11.8%.
  • The adjustment non-interest income was $717 million, better than the $707.3 million estimate.
  • Non-interest expenses were $1.34 billion, slightly higher than the estimated $1.33 billion.
  • Compensation expenses amounted to $753 million, against an estimated $736.3 million.
  • The stock currently has 12 buys, 13 holds, and 0 sells recommended.

A look at Fifth Third Ban Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience2
Momentum4
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

Analysts utilizing Smartkarma Smart Scores have indicated a positive long-term outlook for Fifth Third Bancorp, a diversified financial services company operating in the Midwestern and Southeastern regions of the United States. With strong scores across multiple factors such as Value, Dividend, Growth, and Momentum, Fifth Third Ban appears to be positioned well for future growth and stability in the market.

However, it is important to note that the company received a score of 2 in Resilience, suggesting some potential vulnerability in this aspect. Despite this, Fifth Third Ban‘s overall high scores in key areas bode well for investors looking for a company with solid value, growth potential, and dividend payouts in the long run.


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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Wipro Ltd (WPRO) Earnings: 4Q Net Income Surpasses Estimates Amid Fluctuating Revenue and Costs

By | Earnings Alerts
  • Wipro’s net income in the 4th quarter exceeded expectations with 28.3 billion rupees, despite a year-on-year decrease of 7.8%. The estimated figure was 27.72 billion rupees.
  • The revenue for the quarter was 222.1 billion rupees, showing a slight decrease of 4.2% from the previous year. The estimated figure was nearly spot-on at 222.27 billion rupees.
  • Wipro showed fiscal responsibility with a decrease in total costs, which were 189.8 billion rupees, dropping 4.1% when compared to last year.
  • On the employee benefits expenses side, the company spent 136.3 billion rupees, a decrease of 1.3% from the previous year. The estimated expense was slightly smaller at 133.91 billion rupees, based on two estimates.
  • Other income showed a promising increase of 3.5% year-on-year, bringing in a total of 6.53 billion rupees for the company.
  • Overall investment opinions show a cautious outlook on Wipro with 10 buys, 14 holds, and 22 sells.
  • Reviews compare these results with past performances based on values provided from the company’s original disclosures.

Wipro Ltd on Smartkarma

On Smartkarma, independent analyst Janaghan Jeyakumar, CFA, has provided valuable insights on Wipro Ltd. Janaghan anticipates that Wipro could be removed from the SENSEX index in June 2024, with questions arising about its potential replacement. In a bearish outlook, Janaghan expects Wipro to underperform compared to its larger peer Tata Consultancy Services in the upcoming weeks, highlighting the uncertainty surrounding the top replacement names for Wipro. Moreover, Janaghan’s analysis suggests that Jio Financial Services could be a potential addition to the BSE 100 index, leading to significant changes in the index expectations.

Another independent analyst, Brian Freitas, also contributes to the discussion on Wipro’s future. Brian points out that Wipro is a likely candidate for deletion from the SENSEX in June, creating an opening in the index. With Adani Enterprises and Coal India being considered for inclusion, passive trackers will need to closely monitor trading activity and volume changes in the stocks to gauge the impact of the potential index adjustments. These insights shed light on the dynamic landscape surrounding Wipro and the upcoming rebalance event in the Indian indices.


A look at Wipro Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
Resilience5
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

Wipro Ltd, a company specializing in IT and computer technologies, has been assessed using Smartkarma Smart Scores to determine its long-term outlook. With a Value score of 3, Growth score of 3, and Momentum score of 3, the company shows promising signs in key areas that contribute to its overall performance. Additionally, Wipro excels in Resilience with a score of 5, indicating its ability to withstand market fluctuations and challenges. However, the Dividend score of 2 suggests that the company may have room for improvement in this aspect.

Overall, Wipro Ltd‘s Smartkarma Smart Scores point towards a positive trajectory for the company in the long term, with strong resilience and potential for growth. By leveraging its strengths in areas such as value and momentum, Wipro can further solidify its position in the IT industry and capitalize on emerging opportunities. With a diverse range of services, including software architecture, e-commerce, and IT consulting, Wipro is well-positioned to navigate competitive landscapes and drive continued success in the market.


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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

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  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars