- Ashtead‘s fourth-quarter revenue was reported at $2.53 billion, slightly below the estimate of $2.56 billion.
- The company’s rental revenue amounted to $2.33 billion.
- Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $1.14 billion, surpassing the estimate of $1.13 billion.
- Adjusted pretax profit stood at $430 million, which exceeded the forecast of $399.4 million.
- Operating profit was $522.9 million, above the anticipated $508.2 million.
- Adjusted earnings per share were reported at 78.7 cents, beating the estimate of 69.2 cents.
- The consensus among analysts includes 11 buy ratings, 8 hold ratings, and 1 sell rating on Ashtead‘s stock.
Ashtead on Smartkarma
Analysts on Smartkarma are closely covering Ashtead, with Baptista Research providing valuable insights on the company’s recent performance. In their report titled “AHT LN – Why This Capital-Efficient Powerhouse Is Pushing Hard For Specialty and Mega Projects?” the analysts highlight Ashtead‘s 5% year-on-year increase in both group and U.S. rental revenues. Despite total revenues remaining flat due to lower used equipment sales, Ashtead Group plc showcased a solid third-quarter performance amidst market fluctuations. The company achieved a record EBITDA of $3.9 billion and a profit before tax (PBT) of $1.7 billion, demonstrating its stability and resilience in the face of challenging market conditions.
A look at Ashtead Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.8 |
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
Ashtead Group Plc, an international equipment rental company, has a promising long-term outlook based on the Smartkarma Smart Scores. With an above-average Growth score of 4, Ashtead is positioned for expansion and increased market share in the equipment rental industry. This indicates strong potential for future growth and profitability.
Furthermore, Ashtead‘s Resilience score of 3 reflects its ability to withstand market fluctuations and challenges. This resilience, coupled with a moderate Dividend score of 3, suggests a company that can provide stable returns to investors over the long term. While there is room for improvement in Value and Momentum scores, Ashtead‘s overall outlook appears positive, making it a company to watch for potential investors.
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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