Earnings Alerts

COSCO Shipping Holdings (1919) Earnings: FY Net Income Misses Estimates with 23.86 Billion Yuan

  • Cosco Shipping’s net income for the fiscal year (FY) missed the estimated target.
  • The actual net income was 23.86 billion yuan, whereas the estimated net income was 24.2 billion yuan.
  • The revenue generated was 175.45 billion yuan, which was less than the estimated 185.37 billion yuan.
  • There were 9 buys, 2 holds, and 2 sells.

A look at COSCO Shipping Holdings Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience5
Momentum5
OVERALL SMART SCORE4.8

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 the Smartkarma Smart Scores, COSCO Shipping Holdings is looking at a positive long-term outlook. The company has received the highest score of 5 in the categories of value, dividend, resilience, and momentum, and a score of 4 in growth. This indicates strong performance and potential for growth in the future.

COSCO Shipping Holdings is a company that provides marine freight transportation services globally. It specializes in container shipping, dry bulk shipping, logistics, freight forwarding, and terminal and container leasing services. The company operates a fleet of container ships and terminals, and also manufactures shipping containers. With its strong Smart Scores, COSCO Shipping Holdings is well-positioned for success 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

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

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

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