- SSE maintains its forecast for the full year adjusted EPS, still expecting it to be above 150p, with an estimate of 159p.
- The company remains “on course” to deliver adjusted investment and capital expenditure of around £2.5 billion in FY24.
- Despite lower than planned renewables output over the quarter, SSE reaffirms its FY24 adjusted EPS guidance, noting a narrower range of probable financial outcomes for the full year.
- Challenging weather conditions have affected turbine installation on Dogger Bank A, increasing the possibility that full operations will not be achieved until 2025.
- However, this delay is not expected to materially change project returns.
- Current market sentiment towards the company is largely positive, with 16 buy ratings, 3 hold ratings, and 1 sell rating.
A look at SSE PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| 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
SSE PLC, a leading energy company in the United Kingdom and Ireland, has received a promising outlook for the long-term future according to the Smartkarma Smart Scores. The company scores a 3 for value, indicating that it is priced fairly in the market. Additionally, SSE PLC scores a 4 for dividend, meaning it has a strong track record of paying out dividends to its shareholders. However, the company scores lower in growth and resilience, with a 2 for both factors. This suggests that SSE PLC may face challenges in expanding and maintaining its operations in the future.
Despite these lower scores, SSE PLC still receives a positive outlook with a score of 4 for momentum. This indicates that the company has been performing well in the market and has potential for continued growth. Overall, the Smartkarma Smart Scores suggest that SSE PLC is a stable and reliable company with potential for growth, making it a strong choice for investors looking for a steady return on their investment.
SSE PLC is a major player in the energy industry, providing electricity to industrial, commercial, and domestic customers. In addition to electricity, the company also distributes natural gas and operates a telecommunications network. This network offers bandwidth and capacity to a variety of organizations, including businesses and Internet service providers. With its diverse range of services, SSE PLC is well-positioned to continue its success in the energy market for years to come.
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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