Earnings Alerts

Veidekke ASA (VEI) Earnings: 2Q Revenue Surpasses Estimates with Strong Pretax Profit

“`html

  • Veidekke’s second-quarter revenue reached NOK 11.33 billion, surpassing expectations of NOK 11.16 billion.
  • The company’s pretax profit was NOK 538 million, higher than the estimated NOK 516.3 million.
  • Current analyst recommendations for Veidekke include 1 buy, 5 holds, and 0 sell ratings.

“`


A look at Veidekke ASA Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.6

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

Veidekke ASA, a construction company, is poised for a positive long-term outlook based on its Smartkarma Smart Scores. With strong ratings in Dividend, Growth, Resilience, and Momentum, the company demonstrates solid performance across key factors. The high scores indicate that Veidekke ASA is well-positioned to deliver value to investors, maintain growth momentum, withstand market challenges, and provide attractive dividend returns in the foreseeable future.

As a construction firm with diverse operations spanning local building, specialized construction work, asphalt operations, property development, and international contracting, Veidekke ASA‘s robust Smart Scores suggest a promising trajectory ahead. Investors may find the company appealing due to its solid fundamentals and positive outlook across critical areas, making it an attractive choice in the construction sector for potential long-term gains.


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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars