• AGC’s operating income for the first quarter was 24.14 billion yen, which was a decrease of 30% year over year (y/y), failing to meet the estimated 29.12 billion yen.
• AGC reported a net loss of 20.96 billion yen, a drop from a profit of 22.07 billion yen y/y.
• The company did see an increase in net sales, earning 498.74 billion yen, a slight rise of 1.9% y/y and also surpassing the estimate of 492.25 billion yen.
• Despite current results, AGC maintains its forecast for the year. They predict an operating income of 150.00 billion yen, which is less than the estimated 155.1 billion yen.
• The company also continues to foresee a net income of 53.00 billion yen. This is lower than the predicted figure of 63.82 billion yen.
• AGC estimates their net sales for the year to reach 2.10 trillion yen, slightly above the projected 2.08 trillion yen.
• The company also maintains its projected dividend of 210.00 yen.
• AGC’s shares took a hit, falling by 4% to 5,601 yen with 859,800 shares traded.
• The stock received a mix of analyst ratings: 6 buys, 5 holds, and 1 sell.
A look at AGC Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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
AGC Inc, a leading manufacturer of glass products, exhibits a robust long-term outlook based on the Smartkarma Smart Scores. With strong ratings across key factors, including a top score in dividend and value, AGC Inc is poised for steady growth and stability in the market. The company’s focus on producing glass for construction, LCD displays, and automobiles, alongside electronic parts and fine chemicals, positions it well for sustained success in the future.
AGC Inc‘s impressive Smart Scores, including high marks in growth and momentum, reflect its potential for continued market performance. While resilience scored slightly lower, the overall outlook remains positive for AGC Inc as it leverages its strengths in diverse product offerings and manufacturing expertise. Investors looking for a reliable company with a solid dividend yield and strong value proposition should keep an eye on AGC Inc as it navigates towards long-term success in the industry.
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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