- Tenaris net income for the first quarter exceeded expectations, reaching $750.2 million against the estimated $619.1 million.
- The company posted net sales of $3.44 billion, surpassing the forecasted $3.37 billion.
- Tubes sales also beat estimates, coming in at $3.13 billion, higher than the projected $3.1 billion.
- North America tube sales amounted to $1.49 billion, significantly more than the estimated $1.33 billion.
- However, South America tube sales fell short of estimates, clocking in at $614 million, lower than the expected $698.3 million.
- Europe tubes sales also missed estimates, recording $226 million against the anticipated $273.4 million.
- Tubes sales volume was 1.05 million tons, surpassing the estimated 1.01 million tons.
- Operating income stood at $811.7 million, higher than the projected $714.5 million.
- Ebitda was reported at $987.1 million, outpacing the estimated $861.6 million.
- The Ebitda margin was 28.7%, higher than the anticipated 25.5%.
- Earnings per share (EPS) were 64 cents, ahead of the expected 53 cents.
- Tenaris achieved a free cash flow of $714.9 million, notably more than the forecasted $484 million.
- The stock had 9 buy ratings, 6 hold ratings, and 2 sell ratings.
A look at Tenaris SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
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
Smartkarma’s Smart Scores indicate a positive long-term outlook for Tenaris SA, a company that manufactures seamless steel pipe products and provides services to the oil and gas industries. With high scores in Growth and Momentum, Tenaris is positioned for long-term success and expansion. The company’s strong Resilience score reflects its ability to withstand market fluctuations, while the Value score suggests a solid investment opportunity. Although the Dividend score is lower, Tenaris’ focus on growth and momentum bodes well for its future performance.
Tenaris SA‘s impressive Smart Scores highlight its potential for growth and resilience in the market. As a key player in supplying welded steel pipes for gas pipelines globally, the company’s high scores in Growth and Momentum indicate a promising trajectory. With a solid Resilience score, Tenaris is positioned to navigate challenges effectively. While the Value and Dividend scores are moderate, Tenaris’ focus on innovation and market momentum positions it as a strong contender 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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