- Smiths‘ adjusted pretax profit for the first half was £256 million, slightly beating the estimate of £254.8 million.
- Adjusted operating profit was £269 million, which was below the estimate of £273.7 million.
- Organic revenue grew by 9.1%, surpassing the estimate of 8.94% growth.
- John Crane reported revenue of £551 million, which fell short of the estimated £581.3 million.
- Smiths Detection achieved revenue of £454 million, exceeding the estimate of £445 million.
- Flex-Tek’s revenue was £401 million, slightly under the estimate of £402.9 million.
- Smiths Interconnect reported revenue of £202 million, higher than the estimate of £194.3 million.
- The interim dividend per share was declared at 14.23 pence.
- Analyst recommendations include 10 buys and 6 holds, with no sells suggested.
A look at Smiths Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
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, Smiths Group plc shows a promising long-term outlook. With a strong score of 5 for Growth, the company is positioned for significant expansion and development in the future. Additionally, scoring a 4 for Momentum indicates that Smiths is gaining traction and moving forward in a positive direction. These scores suggest that Smiths is well-equipped to capitalize on growth opportunities and enhance its market presence.
While the Value score of 2 indicates that the company may not be undervalued at the moment, Smiths still maintains a respectable overall outlook with scores of 3 for Dividend and Resilience. The company’s diverse product offerings in threat & contraband detection, medical devices, energy, and communications markets further contribute to its potential for sustained growth and stability in the long run.
Summary of the company: Smiths Group plc is a global technology company that provides products and services for threat & contraband detection, medical devices, energy, and communications markets worldwide.
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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