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Smartkarma Newswire

Mahindra & Mahindra (MM) Earnings: May Automotive Sales Surge to 71,682 Units with 17% Growth

By | Earnings Alerts
  • Mahindra sold a total of 71,682 automotive units in May 2024.
  • The sales represent a 17% increase compared to the previous period.
  • Exports accounted for 2,671 units of the total automotive sales.
  • Passenger vehicle sales reached 43,218 units.
  • Commercial vehicle sales totaled 19,826 units.
  • The company sold 35,237 tractors in May 2024.
  • Tractor exports stood at 1,872 units.
  • Analysts’ ratings: 35 buy recommendations, 4 hold recommendations, and 1 sell recommendation.

A look at Mahindra & Mahindra Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth5
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

Based on Smartkarma Smart Scores, Mahindra & Mahindra has a positive long-term outlook. With a high score in Growth and Momentum, the company is positioned for future expansion and market success. This indicates a promising trajectory for Mahindra & Mahindra in terms of increasing profitability and market presence. Additionally, the company’s emphasis on dividends with a solid score in that category suggests good returns for investors seeking income.

Despite scoring lower in Resilience, Mahindra & Mahindra‘s overall outlook remains strong. Their core business of manufacturing automobiles, farm equipment, and automotive components provides a diversified revenue stream. Overall, Mahindra & Mahindra‘s robust performance in key areas makes it a compelling investment opportunity for those looking at the long-term prospects of the company.


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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Autodesk Inc (ADSK) Earnings: FY Adjusted EPS Forecast Boosted Amid Successful Audit Completion

By | Earnings Alerts
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  • Autodesk has increased its fiscal year adjusted EPS forecast to $7.99-$8.21, up from $7.89-$8.11, with estimates at $8.04.
  • The company maintains its revenue forecast between $5.99 billion and $6.09 billion, in line with the $6.04 billion estimate.
  • Billings are still expected to range from $5.81 billion to $5.96 billion, with the estimate being $5.82 billion.
  • The adjusted operating margin forecast remains unchanged at 35%-36%, compared to the 35.4% estimate.
  • Free cash flow remains forecasted at $1.43 billion to $1.50 billion, against the estimate of $1.47 billion.
  • For the second quarter, the adjusted EPS is forecasted at $1.98 to $2.04, which is in line with the $1.98 estimate.
  • Revenue for the second quarter is expected to be between $1.48 billion and $1.49 billion, matching the $1.48 billion estimate.
  • The preliminary first-quarter results show an adjusted EPS of approximately $1.87.
  • The Audit Committee Investigation has concluded, and there will be no restatement of financial results.

“`


Autodesk Inc on Smartkarma

Analysts at Smartkarma have been closely covering Autodesk Inc, a leading company in the technology and software industry. Baptista Research‘s report, “Implementation of The New Transactional Model A Potential Game Changer? – Key Drivers,” highlights Autodesk’s strong performance in the fourth quarter of fiscal 2024, with a 14% constant currency revenue growth. The report emphasizes the company’s resilience demonstrated through its subscription business model, product diversification, and robust customer base across various regions and industries.

In another bullish report by Value Investors Club on “Autodesk Inc (ADSK) – Thursday, Nov 30, 2023,” it is noted that Autodesk has faced negative sentiment in the past year but is well-positioned for long-term earnings growth. A comparison with competitor Procore in the construction industry suggests a positive outlook for Autodesk’s stock price appreciation in the future. Despite challenges, analysts see potential for Autodesk to thrive in the evolving market dynamics.


A look at Autodesk Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth3
Resilience3
Momentum3
OVERALL SMART SCORE2.4

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

Autodesk Inc, a provider of PC software and multimedia tools, has been given an overall positive outlook based on the Smartkarma Smart Scores. With a Value score of 2, the company is seen as moderately priced in the market. Although receiving a low Dividend score of 1, Autodesk shines in Growth, Resilience, and Momentum, scoring 3 across the board in these categories. This signifies a favorable long-term prospect for the company, particularly in terms of its potential growth, ability to navigate challenges, and current market momentum.

Specializing in two-dimensional and three-dimensional products used in various industries and home applications, Autodesk’s solid scores in Growth, Resilience, and Momentum indicate a promising future trajectory. Despite the lower Value and Dividend scores, investors may find Autodesk Inc to be a compelling choice for those looking to capitalize on a company with strong growth potential, operational resilience, and positive market momentum.


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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Tenaga Nasional (TNB) Earnings: 1Q EPS Falls Short at 12.37 Sen Against 19.00 Sen Estimate

By | Earnings Alerts
  • First Quarter Earnings: Tenaga Nasional‘s earnings per share (EPS) for the first quarter are 12.37 sen.
  • Estimates Missed: The EPS estimate was 19.00 sen, which means the company fell short of expectations.
  • Net Income: The net income reported is 715.7 million ringgit.
  • Revenue: The total revenue for the first quarter is 13.64 billion ringgit.
  • Analyst Ratings: Out of the assessments, there are 11 buy recommendations, 8 hold recommendations, and 1 sell recommendation.

A look at Tenaga Nasional Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience2
Momentum5
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

Looking at the Smartkarma Smart Scores, Tenaga Nasional is showing a positive long-term outlook. With a strong score of 4 in Dividend, investors can expect good returns in the form of dividends from this company. A high Momentum score of 5 indicates that Tenaga Nasional is gaining traction and is likely to continue performing well in the future.

Taking a closer look, Tenaga Nasional scores moderately in Value and Growth with scores of 3 in each category. Despite a lower score of 2 in Resilience, the company’s overall outlook remains promising, especially with its focus on sustainable growth and consistent dividend payouts.

### Tenaga Nasional Berhad transmits, distributes, and sells electricity under license issued by the Director General of Electricity Supply. Through its subsidiaries, the Company manufactures, sells and repairs transformers and switchgears. Tenaga Nasional also provides project management and consultancy, engineering works and energy project development services. ###


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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CIMB Group Holdings (CIMB) Earnings: 1Q Net Income of 1.94 Billion Ringgit Surpasses Estimates

By | Earnings Alerts
  • Net Income: CIMB’s net income for the first quarter is 1.94 billion ringgit, surpassing the estimated 1.68 billion ringgit.
  • Revenue: The company’s revenue for the quarter stands at 5.63 billion ringgit.
  • Earnings Per Share (EPS): The EPS is reported to be 18.16 sen.
  • Analyst Ratings: CIMB has 15 buy ratings, 4 hold ratings, and no sell ratings.

CIMB Group Holdings on Smartkarma

Analyst coverage of CIMB Group Holdings on Smartkarma highlights the insights of Victor Galliano in the report titled “Malaysian Banks Screener; Value Pick CIMB Has Momentum, Maybank Is the Quality Pick.” Galliano’s analysis indicates that while Maybank continues to be viewed as a quality buy based on its robust balance sheet, CIMB has replaced RHB Bank as the new value pick. This shift is attributed to CIMB’s improving credit quality and profitability, driving positive earnings per share revisions. CIMB stands out for its undemanding price-to-earnings and price-to-book value ratios, coupled with strong post-provision profitability, making it the top choice in terms of value among Malaysian banks.

Furthermore, the report emphasizes the positive trend of CIMB’s improving credit quality, a factor expected to persist in the future. Galliano maintains Maybank as the quality pick, citing its attractive valuations and impressive balance sheet credentials in terms of credit quality and capital adequacy. The assessment positions Maybank as a buy for investors seeking a stable and strong banking option, while highlighting CIMB’s value proposition as a compelling opportunity for those focusing on undervalued stocks with growth potential.


A look at CIMB Group Holdings Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth5
Resilience2
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

Looking ahead, the long-term outlook for CIMB Group Holdings appears promising based on the Smartkarma Smart Scores analysis. With a strong emphasis on dividends and growth, the company demonstrates robust performance in these areas, scoring a solid 5 out of 5 for both factors. This signifies a positive trajectory for investors seeking income generation and potential for expansion within the company.

While CIMB Group Holdings shows strength in dividends and growth, aspects such as value and momentum also play a role in shaping its overall outlook. With a value score of 3 and momentum score of 4, the company exhibits a mix of stability and market movement, providing a well-rounded investment opportunity in the commercial banking sector. However, the resilience score of 2 indicates a potential area for improvement in navigating challenges and maintaining stability in the face of market fluctuations.

Summary: CIMB Group Holdings Berhad operates as a regional universal bank offering a comprehensive suite of financial services, including commercial and investment banking, consumer banking, treasury, insurance, and asset management.


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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Sime Darby (SIME) Earnings: 1Q Net Income Hits 211M Ringgit, EPS at 3.10 Sen

By | Earnings Alerts
  • Sime Darby Plantation reported a net income of 211.0 million ringgit for the first quarter.
  • The company’s revenue for the period was 4.34 billion ringgit.
  • Earnings per share (EPS) stood at 3.10 sen.
  • Analyst ratings for Sime Darby Plantation include:
    • 5 buy recommendations
    • 11 hold recommendations
    • 1 sell recommendation

A look at Sime Darby Smart Scores

FactorScoreMagnitude
Value3
Dividend5
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

Based on the Smartkarma Smart Scores analysis, Sime Darby‘s long-term outlook appears promising. The company receives high scores in Dividend and Growth, indicating a strong performance in these areas. With a value score in the mid-range and a momentum score on the positive side, Sime Darby seems to be well-positioned for steady growth and income generation in the future.

Sime Darby Berhad, an investment holding company with diverse business segments including plantations, property development, heavy equipment distribution, and energy utilities, is expected to demonstrate resilience amidst market challenges. While the company’s overall outlook is positive, its lower score in resilience suggests potential vulnerability to external factors. Overall, considering its strengths in dividends and growth, Sime Darby seems poised for long-term success in the industries it operates in.


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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Costco Wholesale (COST) Earnings: 3Q EPS Beats Estimates with $3.78 vs $3.70 Expected

By | Earnings Alerts
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  • Costco’s Q3 earnings per share (EPS) were $3.78, surpassing last year’s $2.93 and the estimate of $3.70.
  • Total company comparable sales increased by 6.6%, exceeding the estimate of 6.27%.
  • US comparable sales rose by 6.2%, beating the estimate of 5.2%.
  • Canada’s comparable sales grew by 7.7%, higher than the estimate of 6.79%.
  • International comparable sales climbed by 7.7%, above the estimate of 7.43%.
  • Excluding fuel and currency effects, total company comparable sales rose by 6.5%, surpassing the estimate of 5.93%.
  • US comparable sales, excluding fuel and currencies, increased by 6%, which is better than the estimate of 5.51%.
  • Canada’s comparable sales, excluding gas and FX, were up 7.4%, higher than the 6.96% estimate.
  • International comparable sales, excluding fuel and currencies, jumped by 8.5%, beating the estimate of 7.46%.
  • Total revenue was $58.52 billion, a 9.1% increase year-over-year, above the estimate of $57.98 billion.
  • Net sales amounted to $57.39 billion, marking a 9.1% year-over-year growth, exceeding the $56.83 billion estimate.
  • Membership fees were $1.12 billion, a 7.6% rise year-over-year, matching expectations.
  • Costco operates 878 warehouses globally, including:
    • 605 in the United States and Puerto Rico
    • 108 in Canada
    • 40 in Mexico
    • 33 in Japan
    • 29 in the United Kingdom
    • 18 in Korea
    • 15 in Australia
    • 14 in Taiwan
    • 7 in China
    • 4 in Spain
    • 2 in France
    • 1 each in Iceland, New Zealand, and Sweden
  • Analyst ratings: 27 buys, 15 holds, 1 sell.

“`


Costco Wholesale on Smartkarma

Costco Wholesale has been receiving positive analyst coverage on Smartkarma, with a bullish sentiment from Baptista Research. In their recent report titled “Costco Wholesale Corporation: Are Its Efforts With Respect To E-commerce Penetration & Delivery Expansion Working Well? – Major Drivers,” Baptista Research delves into Costco’s second-quarter fiscal year 2024 earnings. CFO Richard Galanti expressed optimism for the company’s future, highlighting specific achievements and plans. With a net income of $1.743 billion for Q2 2024, up from $1.466 billion last year, Costco shows strong growth and strategic initiatives.


A look at Costco Wholesale Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience4
Momentum5
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

Costco Wholesale Corporation, known for its wide range of offerings in the wholesale membership warehouse sector, holds promising long-term potential based on its Smartkarma Smart Scores. With strong momentum and resilience scores of 5 and 4 respectively, Costco indicates a robust performance outlook. The company’s growth score of 4 signifies positive prospects for expansion, while its dividend score of 3 reflects a stable dividend policy. Although its value score is at 2, the overall outlook remains optimistic for Costco.

Costco Wholesale Corporation, a global operator of wholesale membership warehouses, boasts a diversified product portfolio spanning various categories such as food, electronics, apparel, and more. The company’s Smartkarma Smart Scores paint a favorable long-term outlook, particularly with high scores in momentum and resilience. With a focus on growth and a stable dividend policy, Costco demonstrates strength in navigating market conditions and sustaining performance in the competitive retail landscape.


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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NetApp Inc (NTAP) Earnings: Q4 Adjusted EPS Surpasses Estimates with Strong Hybrid Cloud Revenue Growth

By | Earnings Alerts
  • Adjusted EPS: $1.80, up from $1.54 last year, and above the estimate of $1.78.
  • Hybrid Cloud Net Revenue: $1.52 billion, a 6% increase year-over-year, slightly above the estimate of $1.51 billion.
  • Product Revenue: $806 million, up 8.3% year-over-year, but below the estimate of $827.2 million.
  • Total Hardware Product Revenue: $360 million, up 17% year-over-year, yet below the estimate of $371.3 million.
  • Total Software Product Revenue: $446 million, up 2.1% year-over-year, significantly below the estimate of $642.9 million.
  • Support Revenue: $623 million, a 4.2% increase year-over-year, but below the estimate of $637 million.
  • Public Cloud Net Revenue: $152 million, a 0.7% increase year-over-year, and slightly above the estimate of $150.4 million.
  • Adjusted Gross Margin: 71.5%, up from 69% last year, and above the estimate of 71.1%.
  • EPS: $1.37, compared to $1.13 last year.
  • First Quarter Forecast – Net Revenue: Expected to be between $1.46 billion and $1.61 billion, compared to the estimate of $1.53 billion.
  • First Quarter Forecast – Adjusted EPS: Expected to be between $1.40 and $1.50, compared to the estimate of $1.43.
  • Analyst Ratings: 5 buy ratings, 13 hold ratings, and 2 sell ratings.

Netapp Inc on Smartkarma

Analyst coverage of NetApp Inc on Smartkarma reveals positive sentiments from top independent analysts. Baptista Research‘s report on “NetApp Inc.: Will Their Investment In AI Technology Pay Off? – Key Drivers” highlights the company’s strong performance in Q3 FY ’24, exceeding revenue guidance. The momentum of their expanded all-flash product portfolio drove revenue growth, signaling a promising outlook for NetApp’s AI investments.

Further, Baptista Research‘s analysis on “NetApp Inc.: Can Its New Hybrid Cloud Solution Help Catalyze Growth? – Major Drivers” showcases NetApp’s exceptional performance in the last quarter. The company achieved an all-around beat, attributed to strategic focuses on enhancing storage business performance and refining the Public Cloud business approach. Notably, the quarter reflected robust growth in the hybrid cloud segment, with a significant revenue increase, indicating potential growth catalysts for NetApp Inc.


A look at Netapp Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience4
Momentum5
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

NetApp Inc. has received a promising long-term outlook based on the Smartkarma Smart Scores, with high scores in Growth, Resilience, and Momentum. The company’s strong Growth and Resilience scores indicate its potential for expansion and ability to withstand market challenges effectively. Additionally, its Momentum score suggests positive market sentiment and performance trends. While the Value and Dividend scores are not as high, NetApp Inc.’s overall outlook appears solid, positioning it well for future growth and sustainability in the storage and data management sector.

NetApp, Inc. is a provider of storage and data management solutions, catering to enterprises, government agencies, and universities globally. With a focus on specialized hardware, software, and services for open network environments, the company plays a vital role in facilitating storage management for a wide range of organizations. The combination of its diversified services and global reach enhances NetApp Inc.’s positioning in the market, supporting its strong outlook as reflected in the Smartkarma Smart Scores across various key factors.


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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Apollo Hospitals Enterprise (APHS) Earnings: Q4 Net Income Below Estimates Despite 75% Increase

By | Earnings Alerts
  • Net income: 2.54 billion rupees, a 75% increase year over year, but below the estimated 2.65 billion rupees.
  • Revenue: 49.4 billion rupees, up 15% year over year, slightly missing the estimate of 49.45 billion rupees.
  • Healthcare Services Revenue: 25.8 billion rupees, marking a 16% increase year over year.
  • Diagnostics & Retail Health Revenue: 3.54 billion rupees, up 15% year over year but just under the estimated 3.57 billion rupees.
  • Digital Health & Pharmacy Distribution Revenue: 20.3 billion rupees, a 13% year over year increase, though lower than the estimated 20.66 billion rupees.
  • Total costs: 46.1 billion rupees, which is a 13% increase year over year.
  • Other income: 281 million rupees, rising 72% year over year.
  • EBITDA: 6.41 billion rupees, up 31% year over year, surpassing the estimate of 6.37 billion rupees.
  • Dividend per share: 10 rupees.
  • Stock ratings: 24 buys, 1 hold, 2 sells.

A look at Apollo Hospitals Enterprise Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE2.8

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

According to Smartkarma Smart Scores, Apollo Hospitals Enterprise demonstrates a promising long-term outlook. With a Growth score of 4, the company is positioned for significant expansion and development in the future. This indicates a positive trajectory in terms of market growth and potential profitability.

Additionally, Apollo Hospitals Enterprise scores well in Resilience and Momentum, with scores of 3 for both factors. This suggests that the company has the ability to weather challenges and adapt to market conditions, while also showing strong performance trends. Although the Value and Dividend scores are at 2, the overall outlook for Apollo Hospitals Enterprise appears to be optimistic based on its robust Growth, Resilience, and Momentum scores.

Summary of Apollo Hospitals Enterprise: The company owns and operates hospitals in India, along with a 24-hour pharmacy network spanning over 120 outlets across the country. Apollo Hospitals also offers clinics, managed care, and family health plans. With locations in major cities like Chennai, Hyderabad, and Delhi, as well as international presence in Dubai, Apollo Hospitals Enterprise is a key player in the healthcare 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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SEO Optimised Headline: Best Buy Co Inc (BBY) Earnings Disappoint as 1Q Sales Miss Estimates

By | Earnings Alerts
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  • Best Buy’s enterprise comparable sales fell by 6.1% in Q1, missing the estimated decline of 4.99%.
  • International comparable sales dropped by 3.3%, slightly below the estimate of 3%.
  • US comparable sales decreased by 6.3%, underperforming the estimated 5.02% drop.
  • US entertainment comparable sales plummeted by 11.3%, missing the +3.8% in the previous year and the estimate of -2%.
  • US appliances comparable sales fell sharply by 18.5%, significantly missing the estimated 9.92% decline.
  • US computing and mobile phone comparable sales declined by 2.2%, outperforming the estimated 4.17% drop and a significant improvement from last year’s 13.3% decline.
  • US consumer electronics comparable sales fell by 8.3%, which was better than last year’s 9.8% but missed the estimated decline of 6%.
  • US online comparable sales fell by 6.1%, better than last year’s 12.1% decline.
  • Adjusted EPS stood at $1.20, exceeding the estimated $1.08 and last year’s $1.15.
  • Revenue was $8.85 billion, missing the $8.97 billion estimate and down 6.5% year-over-year.
  • US revenue was $8.20 billion, below the $8.35 billion estimate and down 6.8% year-over-year.
  • International revenue was $644 million, slightly below the $647.6 million estimate and down 3.3% year-over-year.
  • Gross margin improved to 23.3%, exceeding the estimated 23% and last year’s 22.7%.
  • For Q2 FY25, Best Buy anticipates a comparable sales decline of approximately 3% and a non-GAAP operating income rate of around 3.5%.
  • Best Buy noted progress on FY25 priorities, growth in paid memberships, and improvements in customer experiences.
  • The midpoint of comparable sales guidance still expects profitability at the high end of the non-GAAP operating income rate due to higher gross profit rates in membership and services offerings.
  • Analyst ratings: 9 buys, 15 holds, 4 sells.

“`


Best Buy Co Inc on Smartkarma

Analyst coverage of Best Buy Co Inc on the independent investment research network Smartkarma has provided insights into the company’s recent performance. Baptista Research, a prominent analyst on Smartkarma, published two research reports on Best Buy Co Inc. The first report, titled “Best Buy Co.: Online Sales Growth & 5 Factors Driving Its Performance! – Financial Forecasts,” highlighted the mixed sentiments in Best Buy’s fourth-quarter fiscal 2024 results. CEO Corie Barry praised the company’s ability to navigate a challenging Consumer Electronics sales environment, achieving annual profitability at the high end of their original guidance despite falling revenues.

In another report titled “Best Buy Co. Inc.: The Strategy Driving Their Membership Program Success! – Major Drivers,” Baptista Research discussed Best Buy Co Inc‘s performance in the previous quarter. While revenues fell below analyst expectations, the company managed to beat earnings estimates. The report noted a 6.9% decline in comparable sales due to softened consumer demand but highlighted growth in the paid membership base and improved customer satisfaction across various service offerings. These insights offer investors valuable information for understanding Best Buy Co Inc‘s current position and future prospects.


A look at Best Buy Co Inc Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE2.8

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

Best Buy Co Inc has been rated across key factors by Smartkarma Smart Scores, providing insights into its long-term outlook. While the company shows strength in areas such as Dividend and Growth, with scores of 4 and 3 respectively, it lags behind in Value and Resilience, scoring 2 in each. Momentum stands at 3, indicating a moderate performance. With a varied performance across different factors, Best Buy Co Inc appears to have a mixed outlook for the future.

Best Buy Co Inc, a renowned retailer of consumer electronics, home office products, and entertainment software, faces a diverse landscape of opportunities and challenges. Despite scoring well in Dividend and showing potential for Growth, factors like Value and Resilience may present obstacles to sustained success. As the company continues to navigate the competitive retail market, maintaining its Momentum will be crucial for long-term viability and growth.


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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Dollar General (DG) Earnings: 1Q EPS Surpasses Estimates with Strong Sales Growth

By | Earnings Alerts
  • Earnings Per Share (EPS): Dollar General reported EPS of $1.65, beating estimates of $1.57 but down from $2.34 year over year (y/y).
  • Net Sales: The company achieved net sales of $9.91 billion, a 6.1% increase year over year, slightly above the $9.88 billion estimate.
  • Comparable Sales: Comparable sales grew by 2.4%, compared to 1.6% a year ago and the estimate of 1.66%.
  • Gross Margin: The gross margin was 30.2%, down from 31.6% y/y but met the estimate of 30.2%.
  • SG&A as Percentage of Revenue: Selling, General, and Administrative expenses were 24.7% of revenue, higher than 23.7% y/y and the estimate of 24.5%.
  • Operating Profit: Operating profit stood at $546.1 million, a decline of 26% y/y, though above the $528.3 million estimate.
  • Future Projections: For the quarter ending August 2, 2024, the company expects same-store sales growth in the low 2% range and diluted EPS between $1.70 and $1.85.
  • CEO Statement: Todd Vasos, CEO, expressed satisfaction with the initial 2024 results, highlighting strong customer traffic growth and market share gains.
  • Back to Basics Strategy: Dollar General continues to execute its “Back to Basics” strategy, focusing on value and convenience to resonate with customers.
  • Challenges: The company is facing shrink and sales mix challenges but is actively working to mitigate their impact.
  • Financial Guidance: The company is reiterating its full-year financial guidance, aiming for consistent, strong financial performance.
  • Ratings: The company’s stock has received 14 buys, 16 holds, and 1 sell rating from analysts.

Dollar General on Smartkarma

Analyst coverage of Dollar General on Smartkarma reveals varying sentiments and insights from top independent analysts. Baptista Research delves into Dollar General‘s performance, noting a decrease in sales in Q4 2023, partially offset by market share growth in consumable and nonconsumable products. The research evaluates factors influencing the company’s future price and conducts an independent valuation using a Discounted Cash Flow methodology.

On the other hand, MBI Deep Dives discusses Dollar General‘s stock reaction to recent earnings, highlighting a volatile day where the stock initially surged by ~6% pre-market but ended 5% down. Despite the erratic stock price movements, the analyst remains optimistic, suggesting that the worst days for Dollar General may be behind it.


A look at Dollar General Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE2.8

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 the Smartkarma Smart Scores for Dollar General, the company shows a promising outlook for the long term. With a Momentum score of 4, Dollar General demonstrates strong positive price momentum which could indicate a potential for future growth. Additionally, the company scores well in Dividend and Growth with scores of 3, showcasing stability and room for expansion in its operations. Although Value and Resilience are rated lower at 2, Dollar General‘s overall performance across these key factors suggests a favorable position moving forward.

Dollar General Corporation, a discount retail chain operating in various regions of the United States, offers a wide range of products from consumables to seasonal items. With a balanced performance on the Smartkarma Smart Scores, particularly excelling in Momentum, Dividend, and Growth, Dollar General appears to be strategically positioned for sustainable growth and potential shareholder returns in the foreseeable future. Their extensive product offerings and established market presence contribute to a solid foundation for continued success in the retail 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.
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