Latest news with #BAER
Yahoo
6 days ago
- Climate
- Yahoo
Update on the South Rim Fire in Montrose County
MONTROSE COUNTY, Colo. (KREX) – The South Rim Wildfire remains active in the Black Canyon of the Gunnison National Park after it was ignited by lightning strikes on July 10. The park is actively working with local, state, and federal partners to manage the fire and to assess possible post-fire impacts. Visitors are still not allowed in the park until further notice, and at this time, drinking water supplies still have not been directly impacted. As of July 21, a group of U.S. Forest Service and Department of Interior hydrologists and soil scientists have been performing assessments to evaluate the possibilities of debris flow and sedimentation that could impact water quality. When conditions allow, there will be a Burned Area Emergency Response (BAER) team that will look into post-fire threats like debris flow, hazard trees, impacts on recreation, wildlife, vegetation, flooding, hazardous materials, and historic and cultural sites. BAER includes officials from the U.S. Forest Service, Bureau of Indian Affairs, U.S. Fish and Wildlife Service, National Park Service, the Bureau of Land Management and the National Weather Service. The National Park Service will share more information as it becomes available. For updates on the fire and response efforts, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
Yahoo
6 days ago
- Business
- Yahoo
Earnings Update: Julius Bär Gruppe AG (VTX:BAER) Just Reported Its Interim Results And Analysts Are Updating Their Forecasts
Julius Bär Gruppe AG (VTX:BAER) last week reported its latest interim results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. It was a credible result overall, with revenues of CHF1.9b and statutory earnings per share of CHF4.98 both in line with analyst estimates, showing that Julius Bär Gruppe is executing in line with expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Julius Bär Gruppe after the latest results. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. After the latest results, the 13 analysts covering Julius Bär Gruppe are now predicting revenues of CHF3.88b in 2025. If met, this would reflect a credible 4.2% improvement in revenue compared to the last 12 months. Statutory earnings per share are forecast to drop 10% to CHF3.79 in the same period. Before this earnings report, the analysts had been forecasting revenues of CHF3.89b and earnings per share (EPS) of CHF4.03 in 2025. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year. See our latest analysis for Julius Bär Gruppe The consensus price target held steady at CHF60.91, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Julius Bär Gruppe at CHF70.00 per share, while the most bearish prices it at CHF51.50. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view. Of course, another way to look at these forecasts is to place them into context against the industry itself. For example, we noticed that Julius Bär Gruppe's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 8.6% growth to the end of 2025 on an annualised basis. That is well above its historical decline of 0.5% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 5.0% per year. Not only are Julius Bär Gruppe's revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry. The Bottom Line The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at CHF60.91, with the latest estimates not enough to have an impact on their price targets. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Julius Bär Gruppe analysts - going out to 2027, and you can see them free on our platform here. Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Reuters
22-07-2025
- Business
- Reuters
Julius Baer's first-half profit falls 35% on loan provisions, Brazil unit sale
July 22 (Reuters) - Swiss bank Julius Baer (BAER.S), opens new tab posted a first-half profit of 295 million francs ($370 million) on Tuesday, down 35% year-on-year, pressured by loan loss provisions and a charge related to the sale of its Brazilian wealth management unit. The decline reflected earlier-flagged writedown of 130 million Swiss francs, the bank said, adding that it made strong progress on legacy issues. "We are now in full execution mode of our strategic agenda, focused on our core wealth management lane, balancing sustainable growth and cost discipline with strengthened risk management," CEO Stefan Bollinger told journalists. To date, the bank had no additional loan loss allowances to report, Bollinger added. "Once the credit review has been completed, we'll be in a position to decide whether or not additional loan loss allowances are required," he said. Net new money more than doubled year-on-year to 7.9 billion Swiss francs, bringing assets under management to 483 billion francs, as of end-June, Julius Baer said in its half-year results presentation. Positive effects of solid net new money and rising global equity market valuations were more than offset by the impact of the weaker U.S. dollar and the sale of Julius Baer Brazil in March 2025, the bank said. The bank is on track to achieve 130 million Swiss francs in additional gross cost savings by the end of 2025, according to the statement. ($1 = 0.7975 Swiss francs)
Yahoo
14-05-2025
- Business
- Yahoo
BAER Stock Gains Post Record Q1 Earnings and Revenue Performances
Shares of Bridger Aerospace Group Holdings, Inc. BAER have gained 28.1% since the company reported its earnings for the quarter ended March 31, 2025. This compares to the S&P 500 Index's 4.6% gain over the same time frame. Over the past month, the stock has gained 1.2% compared with the S&P 500's 8.8% growth. Bridger Aerospace reported a record first-quarter 2025 revenue of $15.6 million, marking a 184.1% increase from $5.5 million in the same period last year. This surge was largely driven by earlier-than-usual wildfire deployments and the contribution of $1.9 million in revenues from the acquisition of Flight Test & Mechanical Solutions (FMS). Excluding non-recurring return-to-service work on Spanish Super Scoopers, core revenues increased to $9.7 million from $4.5 million a year earlier. The net loss improved to $15.5 million (or $0.41 per diluted share) from $20.1 million (or $0.55 per share) in the prior year. Adjusted EBITDA also improved, narrowing to negative $5.1 million from negative $6.9 million in the year-ago quarter. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Bridger Aerospace Group Holdings, Inc. price-consensus-eps-surprise-chart | Bridger Aerospace Group Holdings, Inc. Quote Despite higher revenues, the cost of revenues rose 86.9% to $17.2 million from $9.2 million in first-quarter 2024. This included $5.6 million in expenses related to Spanish Scoopers and increased maintenance tied to greater field utilization. Operating loss narrowed significantly to $10.2 million from $15.3 million in the prior year. Selling, general and administrative (SG&A) expenses decreased 26% to $8.6 million from $11.6 million, primarily due to lower non-cash stock-based compensation costs. Cash and cash equivalents at the quarter-end were $22.3 million, up from $6.8 million a year ago, although down from $39.3 million at year-end 2024, due to seasonal maintenance and training expenses. CEO Sam Davis emphasized the company's response to increasingly year-round wildfire activity, noting record early deployments in California, Oklahoma and North Carolina as key drivers of first-quarter performance. Bridger Aerospace's strategy involves maintaining year-round readiness and increasing exclusive-use contracts to stabilize revenues. Davis highlighted the deployment of nearly all sensor-equipped and air attack aircraft for 2025, asserting readiness for the upcoming wildfire season. CFO Eric Gerratt reiterated that Bridger Aerospace has historically experienced net losses in the first and fourth quarters due to seasonality, but expressed confidence in improving full-year metrics. SVP John Saunders affirmed that early activity, longer wildfire seasons, and FMS integration support BAER's 2025 outlook. The standout first-quarter revenue was aided by both the early start to the wildfire season and strategic deployments under new contracts. Notably, $5.9 million of revenues stemmed from return-to-service work on the Spanish Scoopers, a one-time revenue stream that significantly boosted top-line results. However, excluding this, core revenue still saw more than 100% growth. Maintenance expenses spiked due to these Scoopers and fleet readiness investments, though management characterized them as largely pass-through costs. The reduction in SG&A was another key factor, stemming from decreased stock-based compensation compared to the 2023 period, which had elevated costs tied to the business combination completed that year. Bridger Aerospace reaffirmed its 2025 guidance of adjusted EBITDA between $42 million and $48 million on projected revenue between $105 million and $111 million. Management emphasized that this guidance excludes potential upside from deploying the Spanish Scoopers in Europe, where contracts are in final negotiation stages. The company expects a full year of FMS contributions and cost rationalization benefits, which will support margin expansion. Notably, BAER continues to expect most of its adjusted EBITDA to be generated in the third quarter, which coincides with the peak wildfire season. The quarter included multiple strategic advances. Bridger Aerospace secured a five-year, $20.1 million IDIQ contract with the U.S. Department of the Interior for surveillance aircraft in Alaska and won a wildfire mapping contract in Montana, utilizing a Daher Kodiak 100 modified in-house with FMS support. Additionally, BAER's acquisition of FMS not only added revenues but also enhanced engineering capabilities, contributing to competitive bids and margin expansion. On the international front, the company is progressing with the return to service of four Spanish Scoopers acquired via a joint venture, aiming for European deployment in 2025. It also signed a memorandum of understanding with Positive Aviation to serve as the North American launch customer for the FF72 aircraft, with the potential to acquire up to 20 units, positioning Bridger Aerospace for long-term fleet modernization and global expansion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bridger Aerospace Group Holdings, Inc. (BAER): Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
