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Siemens AG (SIEGY) reachead $73.45 at the closing of the latest trading day, reflecting a +1.49% change compared to its last close.
Roland Busch, Siemens CEO, says we are running out of time," on the energy transition. "We have to really take action now," he says.
Siemens, though subject to cyclical business trends, has seen its stock fluctuate between undervalued and overvalued levels over the past few years. Siemens reported solid Q3 earnings, with €18.9 billion in revenue, up 10% YoY, and anticipates future EPS growth. The recent 20% stock price drop presents a chance for value and income-focused investors to acquire a high-quality business at an attractive valuation.
Siemens Aktiengesellschaft (OTCPK:SIEGY) Q3 2023 Earnings Conference Call August 10, 2023 3:30 AM ET Company Participants Eva Scherer - Head, IR Roland Busch - President & CEO Ralf Thomas - CFO Conference Call Participants Alexander Virgo - Bank of America Ben Uglow - Morgan Stanley Andrew Wilson - JPMorgan Gael de-Bray - Deutsche Bank Simon Toennessen – Jefferies Daniela Costa - Goldman Sachs Philip Buller - Berenberg Operator Good morning, ladies and gentlemen, and welcome to the Siemens 2023 Third Quarter Conference Call. As a reminder, this call is being recorded.
Siemens AG (SIEGY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Investors interested in Industrial Services stocks are likely familiar with Siemens AG (SIEGY) and Ashtead Group PLC (ASHTY). But which of these two companies is the best option for those looking for undervalued stocks?
Shares of Siemens Energy AG (ETR: ENR) lost about 35% this morning after the German firm withdrew its profit guidance for fiscal 2023.
Siemens Energy, which supplies equipment and services to the power sector, scrapped its profit forecast for 2023, citing deeper than expected problems at its wind turbine division that could cost the group more than 1 billion euros ($1.1 billion).
Does Siemens AG (SIEGY) have what it takes to be a top stock pick for momentum investors? Let's find out.
Siemens Chief Executive Officer Roland Busch explains why the company remains confident in demand from China in a discussion with Oliver Crook on May 17. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.