Earnings Alerts

China Eastern Airlines (670) Earnings Report: Preliminary FY Net Loss Between 6.8B to 8.3B Yuan

By January 30, 2024 No Comments
  • China Eastern reported a preliminary fiscal year net loss between 6.8 billion yuan to 8.3 billion yuan.
  • The estimated loss was initially projected to be 3.63 billion yuan.
  • The company’s net loss for 2022 was approximately 37.4 billion yuan.
  • The recovery in international flights for the company in 2023 was less than what was expected.
  • There were 14 buys, 3 holds, and 1 sell of the company’s stock.

A look at China Eastern Airlines Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth2
Resilience2
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

China Eastern Airlines Corporation Limited, one of the major players in the civil aviation industry, has been given a Smartkarma Smart Score of 2 out of 5 for its long-term outlook. This score is based on various factors such as value, dividend, growth, resilience, and momentum, with higher scores indicating a better outlook. While the company has been given a high score of 4 for value, it has received a low score of 1 for dividend, indicating that investors may not expect high returns from this stock. However, the company scores a respectable 3 for momentum, suggesting that it may have potential for growth in the future.

As a leading airline company, China Eastern Airlines offers a range of services including passenger, cargo, and mail delivery, as well as ground and cargo handling. Despite facing challenges in the current economic climate, the company has shown resilience by receiving a score of 2 in this category. However, its overall growth potential has been given a score of 2, indicating that the company may not experience significant growth in the near future. Taking into account all of these factors, China Eastern Airlines appears to have a stable long-term outlook, with potential for growth and resilience in the face of challenges.


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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