- Wesfarmers reported a net income of A$1.47 billion, closely matching the estimate of A$1.48 billion.
- The interim dividend per share was A$0.95, aligning with market expectations.
- Bunnings exceeded revenue forecasts with A$10.28 billion, surpassing the estimate of A$9.86 billion.
- Kmart group’s revenue came in slightly below expectations at A$6.11 billion, versus the estimate of A$6.16 billion.
- Officeworks reported revenue of A$1.76 billion, slightly above the expected A$1.73 billion.
- The Chemicals, Energy & Fertilizers division generated A$1.21 billion in revenue, narrowly missing the A$1.22 billion estimate.
- The Industrial & Safety division’s revenue was A$990 million, falling short of the A$1.01 billion estimate.
- Health segment revenue was A$3.02 billion, just under the estimated A$3.03 billion.
- Market analyst ratings included 2 buys, 5 holds, and 9 sells.
A look at Wesfarmers Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
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
Wesfarmers Ltd., a diversified conglomerate with interests spanning retail, mining, insurance, manufacturing, and distribution, showcases a promising long-term outlook as per the Smartkarma Smart Scores. With a strong momentum score of 4, indicating positive price trends and market sentiment, the company is positioned well for potential growth. Additionally, Wesfarmers scores well on dividend and growth factors, garnering scores of 3 on both aspects, reflecting a solid financial foundation and growth prospects.
While the company’s value and resilience scores are slightly lower at 2, Wesfarmers maintains a balanced approach across its various business segments. This mix of factors suggests a favorable overall outlook for Wesfarmers Ltd., portraying a company with potential for continued growth and stability in the long term.
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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