- Bridgestone’s net income for the first quarter exceeded estimates, totalling 86.60 billion yen compared to the estimated 76.35 billion yen.
- The operating income was reported at 117.76 billion yen, with an adjusted operating profit of 120.18 billion yen.
- The net sales slightly fell short of estimates, with figures reaching 1.06 trillion yen against the anticipated 1.07 trillion yen.
- Despite these results, Bridgestone expects a net income of 359.00 billion yen throughout the year, lower than the 378.94 billion yen estimate.
- The company also predicts net sales of 4.43 trillion yen for the year, which is under the estimate of 4.51 trillion yen.
- The company plans to maintain its dividend at 210.00 yen, which is less than the 220.00 yen estimate.
- The recorded analyst opinions are largely neutral or positive, with 6 buys, 9 holds, and no sell ratings.
- These points of analysis are based on the company’s original disclosures and are compared to their past results.
A look at Bridgestone Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| 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
When looking at the Smartkarma Smart Scores for Bridgestone Corp, the company seems to have a promising long-term outlook. With strong scores in Growth and Momentum, Bridgestone is positioned well for future expansion and market performance. The high score in Dividend indicates that the company is also committed to rewarding its shareholders, which could attract more investors seeking stable returns. While the Value and Resilience scores are not as high, the overall positive outlook on Growth and Momentum suggests potential for Bridgestone Corp to continue its upward trajectory in the market.
BRIDGESTONE CORPORATION is a global company that specializes in designing, producing, and selling automobile tires. Beyond tires, Bridgestone also offers scales for racing cars and aircrafts, as well as sporting goods like golf equipment, tennis rackets, and bicycles. With a wide range of products and a worldwide presence, Bridgestone Corp has established itself as a diversified business with a focus on the automotive and sports industries.
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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