- Bridgestone has revised its full-year net income forecast to 336 billion yen.
- The previous forecast was 359 billion yen while market estimates were at 379.8 billion yen.
- Full-year net sales forecast has also been adjusted to 4.41 trillion yen from an earlier 4.43 trillion yen.
- Market estimates for full-year net sales were higher at 4.54 trillion yen.
- Bridgestone maintains its dividend forecast at 210 yen, slightly below the market estimate of 219.40 yen.
- Second quarter operating income stands at 162.66 billion yen.
- Second quarter net income is 112.48 billion yen, exceeding the market estimate of 88.86 billion yen.
- Second quarter net sales were aligned with estimates at 1.11 trillion yen.
- Analyst recommendations include 6 buys and 10 holds, with no sell ratings.
A look at Bridgestone Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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
When looking at the Smart Scores for Bridgestone Corp, it seems the company has a promising long-term outlook. With a strong emphasis on Growth and Dividend, scoring 5 and 4 respectively, Bridgestone is positioned well for future expansion and providing returns to its investors. This indicates that the company is focused on expanding its operations and rewarding shareholders with dividends.
While the Value, Resilience, and Momentum scores are not as high as Growth and Dividend, they still show a stable foundation for Bridgestone Corp. This suggests that the company is reasonably valued, relatively resilient in challenging market conditions, and maintaining a steady momentum in its operations. Overall, Bridgestone Corporation, known for designing and selling automobile tires as well as other products like sporting goods, appears to have a positive outlook for the long term based on the Smart Scores provided.
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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