- Mitsubishi Electric revised its full-year net sales forecast up to 5.39 trillion yen from an initial estimate of 5.30 trillion yen.
- Analysts’ estimate for net sales was 5.37 trillion yen.
- The company maintains its outlook for operating income at 400.00 billion yen; analysts estimated 395.45 billion yen.
- Net income forecast remains at 315.00 billion yen, slightly higher than the analysts’ estimate of 313.96 billion yen.
- First-quarter operating income was reported at 58.66 billion yen, a decrease of 3.8% year-over-year, missing the estimate of 66.69 billion yen.
- First-quarter net income was 49.14 billion yen, down 15% year-over-year, and below the estimate of 55.17 billion yen.
- First-quarter net sales increased by 5.4% year-over-year to 1.29 trillion yen, exceeding the estimate of 1.22 trillion yen.
- Current analyst ratings include 12 buys, 6 holds, and 1 sell.
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A look at Mitsubishi Electric Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| 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
When looking at the overall outlook for Mitsubishi Electric Corporation, the Smartkarma Smart Scores provide valuable insights. With a strong score in Growth, the company is expected to experience healthy expansion in the long term. This indicates promising potential for Mitsubishi Electric to develop and grow its business activities over time.
Additionally, with solid scores in Value, Dividend, Resilience, and Momentum, Mitsubishi Electric demonstrates stability and a balanced performance across various key factors. This suggests that the company is positioned well to weather challenges, provide value to investors, and maintain a steady pace of development in the electronic equipment 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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