Siemens AG (SIEGY, $56.53) posted first quarterly loss since 2010
Siemens AG posted a net loss of EUR1.66 billion ($1.71 billion) for the quarter ending June 30, compared to analysts’ forecast of EUR532 million loss according to consensus estimates provided by Siemens (as reported in MarketWatch). This is the German company's first quarterly loss since the fourth quarter of 2010, It had a profit of EUR1.35 billion a year earlier.
Revenue for the quarter came in at EUR17.87 billion, beating analysts’ expectations of EUR17.47 billion. The figure is also higher than the year-ago period’s EUR16.09 billion.
Orders climbed to EUR22.01 billion, from EUR20.49 billion.
The conglomerate had booked an impairment of EUR2.7 billion on its investment in Siemens Energy AG during the quarter. It also incurred around EUR600 million in Russia-related charges.
Looking ahead, Siemens cut its full-year 2022 outlook on basic earnings per share from net income before purchase price allocation to a range of EUR5.33 to EUR5.73, vs. prior forecast of EUR8.70 to EUR9.10 previously, owing to the Siemens Energy impairment. The company reaffirmed its forecast of 6% to 8% growth in comparable revenue, net of currency translation and portfolio effects.
Aroon Indicator for SIEGY shows an upward move is likely
SIEGY's Aroon Indicator triggered a bullish signal on May 31, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 303 similar instances where the Aroon Indicator showed a similar pattern. In of the 303 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 25, 2023. You may want to consider a long position or call options on SIEGY as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SIEGY advanced for three days, in of 334 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for SIEGY moved out of overbought territory on May 22, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 69 cases where SIEGY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SIEGY turned negative on May 24, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SIEGY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SIEGY broke above its upper Bollinger Band on May 17, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.772) is normal, around the industry mean (7.650). P/E Ratio (21.008) is within average values for comparable stocks, (43.958). SIEGY's Projected Growth (PEG Ratio) (0.811) is slightly lower than the industry average of (2.072). Dividend Yield (0.027) settles around the average of (0.021) among similar stocks. P/S Ratio (1.671) is also within normal values, averaging (12.099).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SIEGY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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