Engie SA (ENGI) Earnings: Engie Chile Reports $27.3M Q4 Net Income, Reversing Last Year’s $480.6M Loss

Engie SA on Smartkarma

Analysts on Smartkarma, such as Janaghan Jeyakumar, CFA, are closely tracking the potential for Engie SA to replace Kering in the ES50 Index, which could result in significant trading activity and flows exceeding US$1 billion. In the research report titled “Quiddity Leaderboard ES50 Sep 24,” the analyst highlights the anticipation of 9x-10x average daily volume (ADV) and substantial one-way flows if the replacement occurs. However, it is noted that these predictions are of low conviction given the dynamic nature of index rankings with the final decision expected by the end of the week.

This insight provides valuable information on the upcoming index rebalance event in September 2024, shedding light on the potential shifts in the ES50 Index composition. With the index review being a highly anticipated annual event in Europe, analysts like Janaghan Jeyakumar, CFA, offer insights into the expected additions and deletions. As the rankings are set to be finalized soon, the market is closely watching for any changes, especially as the possibility of Engie SA replacing Kering emerges as a key focus of analysis.

A look at Engie SA Smart Scores

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

Engie SA, a global energy company, is positioned for a positive long-term outlook based on the Smartkarma Smart Scores. With a strong dividend score of 5 and high momentum score of 5, Engie showcases stability and growth potential. The company’s focus on rewarding shareholders through dividends is a positive sign for investors looking for steady returns. Additionally, the high momentum score indicates that Engie is seeing positive movement in the market, which could indicate future growth.

While Engie’s resilience score is moderate at 2, its value and growth scores both stand at 3. This suggests that the company has room for improvement in terms of resilience but has solid potential for value appreciation and growth. Overall, Engie’s diverse range of energy and environmental services positions it well for long-term success in the ever-evolving energy sector.

### Engie offers a full range of electricity, gas and associated energy and environment services throughout the world. The Company produces, trades, transports, stores and distributes natural gas, and offers energy management and climatic and thermal engineering services. ###

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