- Renishaw expects its adjusted pretax profit to be at the higher end of its forecasted range, between £109 million and £127 million.
- The company maintains its revenue forecast between £700 million and £720 million, with expectations central to this range.
- Results are likely to meet estimates with revenues estimated at £709.2 million and pretax profits at £119.4 million.
- Allen Roberts will step down as Group Finance Director and will not seek re-election.
- Roberts will remain with the company temporarily to assist with the transition.
- The recruitment process for a new Chief Financial Officer has commenced.
- Investment analyst ratings indicate 3 “buy” recommendations, 4 “hold,” and 1 “sell” for Renishaw.
A look at Renishaw PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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
Renishaw PLC, a company that specializes in high technology precision measuring and calibration equipment, appears to have a solid long-term outlook based on its Smartkarma Smart Scores. The company has received consistent scores across different factors, with a Value score of 3, Dividend score of 3, Growth score of 3, Resilience score of 4, and Momentum score of 3. This indicates a balanced performance across various key aspects of the business.
Renishaw PLC designs, develops, and sells advanced metrology and inspection equipment, spectroscopy systems, and computer-aided design and manufacturing systems worldwide. With a focus on precision instruments, the company serves a wide range of sectors. The scores suggest that Renishaw PLC is positioned well for the long term, showing strength in resilience and a moderate level of growth potential in the market.
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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