Earnings Alerts

LG Energy Solution (373220) Earnings: 3Q Operating Profit Exceeds Estimates at 448.3 Billion Won

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  • LG Energy reported an operating profit of 448.3 billion won in the third quarter of 2024.
  • This operating profit exceeded market estimates, which were 428.54 billion won.
  • The company’s sales for the third quarter reached 6.88 trillion won.
  • Sales surpassed market expectations, which were projected at 6.75 trillion won.
  • Analyst ratings on LG Energy include 25 buys, 8 holds, and 1 sell.

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LG Energy Solution on Smartkarma

Independent analyst coverage on LG Energy Solution can be found on Smartkarma, a platform where top analysts publish their research. Douglas Kim, in his recent report titled “Mandatory Block Deal Pre-Announcement Requirement in Korea Starting 24 July: Impact on Block Deals“, highlights the upcoming changes in block deal sales in Korea. LG Energy Solution, along with other companies like Kakaopay and SK IET, are potential candidates for block deal sales. The report suggests that companies involved in potential block deals may underperform in the next few weeks due to the new pre-announcement requirement.


A look at LG Energy Solution Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth2
Resilience3
Momentum5
OVERALL SMART SCORE2.6

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

LG Energy Solution, a leading battery manufacturer, has garnered a mixed outlook in the long term according to Smartkarma Smart Scores. While the company excels in Momentum with a top score of 5, indicating strong market performance and investor interest, its Dividend score is at the lower end at 1. This suggests that investors should not expect significant dividend payouts from the company. In terms of Value and Growth, LG Energy Solution scores moderate ratings of 2, indicating a fair valuation and room for growth in the future. However, the company’s Resilience score stands out with a solid 3, reflecting its ability to weather market uncertainties and maintain stability.

In summary, LG Energy Solution, a global battery manufacturer offering a range of products including automobile batteries and energy storage systems, presents a varied long-term outlook based on its Smartkarma Smart Scores. While the company shows strong momentum and resilience, investors may need to carefully consider the lower dividend prospects and moderate valuation and growth potential as they assess their investment decisions.


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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