- Weir Group‘s adjusted pretax profit reached GBP212.6 million, surpassing the estimated GBP203.7 million.
- The company reported an adjusted operating profit of GBP236.5 million, exceeding the forecasted GBP231.9 million.
- An interim dividend per share is set at 19.6 pence.
- Total revenue from continuing operations achieved GBP1.19 billion, slightly missing the target of GBP1.26 billion.
- Minerals segment revenue came in at GBP864.4 million, below the expected GBP903.4 million.
- ESCO segment revenue amounted to GBP330.8 million.
- Analyst recommendations include 16 buy ratings and 5 hold ratings, with no sell ratings.
A look at Weir Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| 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
Based on the Smartkarma Smart Scores, Weir Group has a promising long-term outlook. With strong scores in Growth and Momentum factors at 4, the company shows potential for future expansion and market performance. The company’s Resilience score of 3 indicates a stable operational capability to withstand challenges, while its Value and Dividend scores are at 2, suggesting moderate attractiveness in terms of valuation and dividend payouts. Overall, Weir Group‘s scores point towards a positive trajectory in the engineering solutions sector.
The Weir Group PLC, an engineering solutions provider specializing in minerals, oil and gas, and power markets, stands out for its diverse range of products and services including pumps, valves, compressors, and turbines. With a focus on mining and minerals processing, power generation, and oil and gas production, the company caters to various industrial applications. The combination of its Smart Scores indicates a balanced position for Weir Group, poised for growth and market momentum in the coming years.
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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