- Inpex updated its financial forecasts for the fiscal year 2024.
- Operating income forecast increased to 1.25 trillion yen from an earlier 1.21 trillion yen.
- Net sales forecast raised to 2.25 trillion yen from a previous 2.18 trillion yen.
- The company still expects a dividend of 86.00 yen per share.
- Net income forecast remains unchanged at 360.00 billion yen.
Second Quarter Results:
- Operating income for Q2: 319.97 billion yen.
- Net income for Q2: 90.76 billion yen, short of the estimate of 105.9 billion yen.
- Net sales for Q2: 594.06 billion yen, surpassing the estimate of 586.78 billion yen.
Market Opinions:
- Analyst Recommendations: 7 buys, 3 holds, 0 sells.
A look at Inpex Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| 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
INPEX CORPORATION, a company formed through the reorganization of INPEX Corp and Teikoku Oil, shows a promising long-term outlook, according to the Smartkarma Smart Scores. Scoring high in Value, Growth, and Dividend categories, the company is positioned well for future success. With a solid focus on delivering value to investors, coupled with strong growth potential and a respectable dividend offering, Inpex Corp showcases a robust financial framework for sustained performance over time.
While scoring slightly lower in Resilience and Momentum, with scores of 3 in each category, Inpex Corp still presents a steady foundation amidst market fluctuations. As a holding company managing subsidiaries engaged in oil and natural gas exploration, production, and sales, Inpex Corp‘s diversified operations contribute to its overall resilience. With a balanced approach towards growth and stability, the company’s strategic positioning aligns with long-term sustainability and value creation for stakeholders.
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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