• GoerTek’s first quarter net income missed the estimated figures, recording 379.5 million yuan compared to the expected 515 million yuan.
• The income amount of 379.5 million yuan is a substantial increase from the same quarter last year, which saw 106.2 million yuan.
• Revenue for the quarter was 19.31 billion yuan, a 20% decrease year on year.
• The estimated revenue for the quarter was 21.35 billion yuan, showing that actual figures were lower than projections.
• The company’s Earnings Per Share (EPS) increased, coming in at 11 RMB cents, up from 3.0 RMB cents in the same quarter of the previous year.
• Current analyst consensus is mixed – with 13 buys, 9 holds and 4 sells on GoerTek.
• All these comparisons are based on values reported by the company in its original disclosures.
A look at Goertek Inc A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
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, Goertek Inc A shows a promising long-term outlook. With a high Value score of 4, the company is seen as having strong fundamentals and potential for growth. Despite a lower Dividend score of 2, Goertek is still positioned well for future profitability. In terms of Growth, Resilience, and Momentum, the company scored a moderate 3 across the board, indicating a steady performance and potential for expansion in the coming years.
GoerTek, Inc. specializes in manufacturing wireless communication products, including a range of technological devices such as wireless communication devices, noise cancellation headphones, VoIP devices, and headsets. Operating within the telecommunications and electro-acoustic industries on a global scale, Goertek Inc A showcases a diverse portfolio and a solid foundation for continued success.
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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