Earnings Alerts

Mitsubishi Heavy Industries (7011) Earnings Rise: FY Net Sales Forecast Boosted

By February 6, 2024 No Comments
  • Mitsubishi Heavy has increased its forecast for net sales in the fiscal year to 4.40 trillion yen, up from the previous prediction of 4.30 trillion yen.
  • The company’s net income forecast remains the same at 190.00 billion yen, though the estimate was 196.24 billion yen.
  • The expected dividend remains unchanged at 160.00 yen, with an earlier estimate of 168.08 yen.
  • Third quarter results have exceeded estimates, with net sales reaching 1.19 trillion yen against an estimate of 1.11 trillion yen.
  • The company’s net income for the third quarter was 46.11 billion yen.
  • There have been 12 buys, 2 holds, and no sells of the company’s shares.
  • All comparisons to past results are based on values reported by the company’s original disclosures.

Mitsubishi Heavy Industries on Smartkarma

Mitsubishi Heavy Industries (MHI) has been receiving positive coverage on Smartkarma, an independent investment research network, from top analysts such as Mark Chadwick. In his recent report, Chadwick highlights MHI’s strong performance in Q2 2023, with impressive growth in order intake, revenues, and profits in their Energy Systems and Defense Equipment segments. This growth has been attributed to global trends in decarbonization and increased defense spending, making MHI a leader in gas turbines and defense technology.

Despite a 62% increase in stock price this year, MHI’s strong order backlog and underlying drivers suggest resilience in a challenging economic climate. This is good news for investors, as MHI continues to benefit from global trends in decarbonization and national security spending. With a focus on rockets and renewables, MHI is well-positioned to continue its growth and solidify its position as a leader in the industry.


A look at Mitsubishi Heavy Industries Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
Resilience2
Momentum5
OVERALL SMART SCORE3.4

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

Mitsubishi Heavy Industries, Ltd. is a well-known company that specializes in producing heavy machinery. Recently, the company has been utilizing the Smartkarma Smart Scores to assess its overall outlook. These scores range from 1 to 5, with a higher score indicating a better outlook for the company. For Mitsubishi Heavy Industries, their scores are a Value of 3, Dividend of 2, Growth of 5, Resilience of 2, and Momentum of 5.

Based on these scores, it can be inferred that Mitsubishi Heavy Industries has a positive long-term outlook. The company scored high on both Growth and Momentum, which suggests that they are performing well and have a strong potential for future growth. However, they scored lower on Value and Dividend, indicating that their stock may not be as undervalued or profitable for investors. Overall, Mitsubishi Heavy Industries is a comprehensive heavy machinery maker that also conducts research and development for nuclear power plants. With their strong scores in Growth and Momentum, the company is well-positioned for success in the long run.


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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