- Canon has revised its full-year operating income forecast to 455.50 billion yen, down from a previous forecast of 465.00 billion yen, but still higher than analysts’ estimate of 447.78 billion yen.
- The company expects net income to be 325.00 billion yen, compared to an earlier forecast of 335.00 billion yen and analysts’ estimate of 317.04 billion yen.
- Canon’s projected net sales are 4.54 trillion yen, slightly below its previous forecast of 4.60 trillion yen but marginally above the estimate of 4.53 trillion yen.
- The dividend forecast remains at 150.00 yen, closely aligned with the analysts’ estimate of 151.77 yen.
- For the third quarter, Canon reported operating income of 98.16 billion yen, which fell short of the estimated 111.45 billion yen.
- Net income for the third quarter was 68.76 billion yen, missing the expected 78.55 billion yen.
- Third-quarter net sales were recorded at 1.08 trillion yen, below the anticipated 1.12 trillion yen.
- The company has received 5 buy recommendations, 9 hold recommendations, and no sell recommendations from analysts.
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Canon Inc on Smartkarma
Analysts on Smartkarma, like Joe Jasper, are recommending to “Buy the Pullback” for companies such as Canon Inc. Jasper’s insight emphasizes the importance of market dynamics remaining healthy, with specific buying opportunities highlighted in the tech, discretionary, healthcare, and utilities sectors. He advises investors to focus on key support levels for various indexes like EFA and ACWX, anticipating higher prices as long as these supports hold.
The sentiment from Joe Jasper‘s research report leans towards the bullish side, with a positive outlook on global equities. By identifying strategic entry points and emphasizing the resilience of market dynamics, analysts like Jasper contribute valuable insights for investors considering investments in companies like Canon Inc, providing a nuanced perspective on potential opportunities in the current market landscape.
A look at Canon Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
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
Analysts assessing Canon Inc‘s long-term outlook using the Smartkarma Smart Scores, which range from 1 to 5, suggest a positive future for the company. With a strong momentum score of 5, Canon Inc demonstrates robust growth potential in the coming years. Additionally, the company’s high scores in Dividend and Growth categories, both at 4, indicate a stable dividend payout and promising growth prospects. Despite a slightly lower score in the Value and Resilience categories at 3, Canon Inc‘s overall outlook appears quite promising, especially with its momentum score leading the pack.
Canon Inc, a renowned professional and consumer imaging solutions company, holds numerous patents for digital imaging technologies. The company offers a wide range of products, including multifunction devices, copiers, cameras, semiconductors, and medical equipment. With solid scores across various Smartkarma Smart Scores categories, Canon Inc seems well-positioned for long-term success in the competitive imaging solutions market.
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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