Earnings Alerts

Leroy Seafood Group (LSG) Earnings: Preliminary 3Q Farming Volume Surpasses Estimates

  • Leroy’s preliminary 3rd quarter farming harvest in Norway exceeded estimates, reaching 59,100 TGW compared to an expected 54,684 TGW.
  • Sjotroll’s preliminary harvest was recorded at 17,600 metric tons.
  • Midt harvested a preliminary total of 21,400 metric tons.
  • Aurora’s preliminary harvest amounted to 20,100 metric tons.
  • Total wild catch volumes at Leroy Havfisk reached 13,500 tonnes, with 1,200 tonnes consisting of cod.
  • The complete 3rd quarter report will be available on November 12 at 06:30 CET.
  • Current analyst recommendations: 7 buy ratings, 3 hold ratings, and 2 sell ratings.

A look at Leroy Seafood Group Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE3.4

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

Based on the Smartkarma Smart Scores, Leroy Seafood Group has a positive long-term outlook. With a strong score of 4 for Dividend and Momentum, it indicates that the company is performing well in terms of returning profits to shareholders and sustaining its growth momentum. Additionally, a score of 3 for Value, Growth, and Resilience suggests a steady position in terms of value, growth potential, and ability to withstand market changes. These scores reflect a balanced performance across different aspects of the company’s operations.

Leroy Seafood Group ASA is the parent company of a group involved in the production and marketing of ocean and farmed fish and seafood products. The company also focuses on selling processed fish products globally, trading with various stakeholders in the fish industry worldwide. With subsidiaries in key locations like Denmark, France, and Portugal, Leroy Seafood Group has established a strong presence in the European market, positioning itself as a significant player in the seafood industry.


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