- Net Income: Foxconn Industrial’s net income for the first half of 2024 was 8.74 billion yuan.
- Revenue: The company reported a total revenue of 266.09 billion yuan.
- Earnings Per Share (EPS): Earnings per share amounted to 44 RMB cents for the same period.
- Stock Recommendations: Analysts have given Foxconn Industrial 29 buys, 1 hold, and no sell ratings.
Hon Hai Precision Industry on Smartkarma
Analyst coverage on Hon Hai Precision Industry by independent analysts on Smartkarma has been positive recently. According to Vincent Fernando, CFA, Hon Hai anticipates significant growth in 2024, especially in the AI server market, despite material shortages. The company aims to rebound in the traditional server market and expects to gain market share in 2024. Although 1Q24 revenue fell 9% YoY, Hon Hai remains confident in its guidance for substantial growth in 2024E.
In another report by Vincent Fernando, CFA, Hon Hai experienced a surge in share prices to a new all-time high after showcasing AI technologies at Nvidia’s GTC conference. The analyst suggests that a short squeeze may have been triggered, leading to the stock surge. While Hon Hai’s long-term fundamentals are favorable, there are concerns about the stock being overbought in the near term. Analysts are updating their valuations for the company, with increased target prices reflecting positive sentiment surrounding Hon Hai’s AI advancements.
A look at Hon Hai Precision Industry Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| 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
According to Smartkarma Smart Scores, Hon Hai Precision Industry is projected to have a positive long-term outlook across multiple key factors. With strong scores of 4 in Value, Dividend, Growth, Resilience, and Momentum, the company is well-positioned for future growth and stability in the electronic manufacturing services sector. Hon Hai Precision Industry is known for providing a wide range of electronic manufacturing services, including desktop and notebook PC assembly, connector production, cable assembly, PCB assembly, handset manufacturing, networking equipment, and other consumer electronic devices manufacturing.
Overall, the consistent high scores across various aspects reflect a favorable assessment of Hon Hai Precision Industry‘s potential as an investment opportunity. Investors may take note of these positive indicators when considering the company’s long-term outlook and performance within 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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