Earnings Alerts

Panasonic Corp (6752) Earnings Fall Short of Estimates Amid Forecast Cuts

  • Panasonic’s forecast for the fiscal year’s operating income is 380 billion yen, below the estimated 421.75 billion yen.
  • The forecast for net income is 310 billion yen, compared to the estimated 325.61 billion yen.
  • Fiscal year net sales are projected at 8.60 trillion yen, slightly above the estimated 8.56 trillion yen.

First Quarter Results

  • Operating income for the first quarter was 83.76 billion yen, missing the estimate of 99.07 billion yen.
  • Net income for the quarter came in at 70.63 billion yen, slightly below the estimated 72.49 billion yen.
  • Net sales for the first quarter were 2.12 trillion yen, exceeding the estimate of 2.06 trillion yen.

Segment Performance

  • Lifestyle operating profit: 23.8 billion yen.
  • Connect operating profit: 6.1 billion yen.
  • Industry operating profit: 17.4 billion yen, outperforming the estimate of 9.43 billion yen.
  • Energy operating profit: 21.6 billion yen, below the estimate of 28.9 billion yen (2 estimates).
  • Lifestyle net sales: 868.0 billion yen, close to the estimate of 869.87 billion yen.
  • Connect net sales: 297.9 billion yen, higher than the estimate of 286.17 billion yen.
  • Industry net sales: 274.5 billion yen, surpassing the estimate of 256.73 billion yen.
  • Energy net sales: 211.9 billion yen, slightly lower than the estimate of 216.53 billion yen.

Analyst Recommendations

  • 9 buys
  • 8 holds
  • 1 sell

A look at Panasonic Corp Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth5
Resilience3
Momentum2
OVERALL SMART SCORE3.8

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

Based on the Smartkarma Smart Scores, Panasonic Corp is positioned well for long-term growth. With top scores in Value, Growth, and Dividend, the company shows strength in its financial fundamentals and potential for expansion. The high Value score indicates that Panasonic is considered undervalued compared to its actual worth, offering potential for investors. Additionally, a solid Growth score suggests promising future prospects for the company’s development and performance. The respectable Dividend score implies that Panasonic rewards its shareholders with consistent payouts, making it attractive for income-seeking investors.

While Panasonic scores lower in Resilience and Momentum, with scores of 3 and 2 respectively, indicating some room for improvement in these areas, overall, the company’s robust performance in Value, Dividend, and Growth bodes well for its long-term outlook. As a manufacturer of a wide range of electric and electronic products with a global presence, Panasonic Corporation stands as a diversified player in the industry, offering investors exposure to various sectors and markets.

Summary: Panasonic Corporation manufactures a diverse range of electric and electronic products, including home appliances, car navigation systems, digital devices, computer peripherals, telecommunications, industrial equipment, and electronic parts. The company has a global reach with associated companies worldwide.


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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