- Denso has cut its full-year operating income forecast to 692.00 billion yen, down from the initial 714.00 billion yen, missing the estimate of 720.66 billion yen.
- The expected net income for the full year is 525.00 billion yen, slightly lower than the 526.00 billion yen initially forecasted, and below the estimate of 540.18 billion yen.
- The projected net sales for the full-year amount to 7.33 trillion yen, down from the previously expected 7.35 trillion yen and missing the estimate of 7.43 trillion yen.
- The company maintains its dividend forecast at 64.00 yen, just shy of the estimate of 64.61 yen.
- In the first quarter, Denso reported an operating income of 120.57 billion yen, an increase of 28% year-over-year, but below the estimate of 124.53 billion yen.
- First quarter net income was 94.46 billion yen, up 11% year-over-year, although it missed the estimate of 98.74 billion yen.
- Net sales for the first quarter totaled 1.75 trillion yen, a 2.4% year-over-year increase, exceeding the estimate of 1.74 trillion yen.
- Analysts’ recommendations for Denso include 14 buys, 6 holds, and 1 sell.
A look at Denso Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
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
Denso Corp, a prominent manufacturer of electronic parts for automobiles, demonstrates a promising long-term outlook based on the Smartkarma Smart Scores analysis. While the company received moderate ratings in areas like value and dividend, it excels in factors critical for sustained growth and resilience. With a high score in growth and solid ratings in resilience, Denso Corp appears well-positioned to capitalize on future opportunities and navigate potential challenges in the automotive industry.
Considering the company’s strong momentum and focus on innovation, Denso Corp seems poised for continued success in the long run. As a leader in producing essential automotive components such as air conditioners, airbags, and ignition systems, combined with its expansion into communication equipment for mobile navigation systems, Denso Corp‘s strategic diversification and commitment to growth bode well for its overall outlook in the years to come.
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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