- Techtronic’s net income for the first half of the year was $628.3 million, falling short of the estimated $650.5 million.
- Despite missing net income estimates, Techtronic’s revenue exceeded expectations, coming in at $7.83 billion compared to the estimated $7.75 billion.
- The company’s gross margin aligned with analyst expectations at 40.3%.
- Earnings before interest and taxes (EBIT) were reported at $709 million.
- An interim dividend per share of HK$1.2500 was declared.
- Analyst recommendations are overwhelmingly positive, with 20 buy ratings, 1 hold, and no sell recommendations for Techtronic.
A look at Techtronic Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| 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
The long-term outlook for Techtronic Industries seems promising based on the Smartkarma Smart Scores analysis. With strong scores in Growth and Resilience, the company appears well-positioned for future expansion and able to weather economic uncertainties. Techtronic Industries‘ focus on innovation and product development is reflected in its high Growth score, indicating potential for continued success in the market.
Additionally, the company’s resilience score suggests that it has the ability to adapt to changing market conditions and maintain stable performance over time. While the Value and Dividend scores are moderate, Techtronic Industries‘ overall outlook appears positive, supported by its solid momentum score. Investors may want to keep an eye on this company as it continues to demonstrate growth potential and resilience in the 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.
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