Earnings Alerts

Siemens (SIE) Earnings: 2024 Revenue Forecast Surpasses Estimates, Digital Industries and Mobility Profit Margins Soar

By November 16, 2023 No Comments
  • Siemens projects a comparable revenue increase of 4% to 8% for 2024, slightly higher than the estimated 4.53%.
  • Digital Industries is expected to see a comparable revenue growth between 0% and 3%, compared to the estimated 2.29%.
  • Smart Infrastructure could experience a comparable revenue increase between 7% and 10%, surpassing the estimated 5.03%.
  • Mobility is projected to have a comparable revenue growth of 8% to 11%, exceeding the estimated 6.12%.
  • Siemens anticipates an EPS before purchase price allocation of EU10.40 to EU11, slightly more than the estimated EU10.25.
  • Digital Industries’ profit margin is expected to be between 20% and 23%, aligning closely with the estimated 22.5%.
  • Smart Infrastructure’s projected profit margin is 15% to 17%, similar to the estimated 15.4%.
  • Mobility’s profit margin is anticipated to be between 8% and 10%, comparable to the estimated 9.33%.
  • The Q4 results showed an Industrial business profit of EU3.38 billion, higher than the estimated EU3.21 billion.
  • Siemens reported a net income of EU1.72 billion in Q4, slightly above the estimated EU1.71 billion.
  • Preparations for Innomotics’ public listing will commence, though third-party offers will also be considered as alternatives.
  • The dividend per share for the year was EU4.70, higher than the estimated EU4.51.

A look at Siemens Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience2
Momentum3
OVERALL SMART SCORE3.0

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

Siemens AG is a leading engineering and manufacturing company with a focus on electrification, automation, and digitalization. The company’s outlook is positive, as evidenced by its Smartkarma Smart Score of 3 for Value, 3 for Dividend, 4 for Growth, 2 for Resilience, and 3 for Momentum. This indicates that the company is well-positioned for long-term success.

Siemens offers a wide range of engineering solutions, including automation and control, power, transportation, and medical diagnosis. With its strong performance in these areas, Siemens is well-positioned to continue its 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.
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