- Posco International reported a 2Q operating profit of 349.7 billion won, beating estimates of 288.81 billion won.
- Operating profit decreased by 2.1% year-over-year.
- Net income was 190.5 billion won, surpassing the estimated 172.82 billion won.
- Net income experienced a 15% decline year-over-year.
- Sales were reported at 8.28 trillion won, higher than the estimated 8.11 trillion won.
- Sales fell by 6.6% year-over-year.
- Posco International shares dropped by 2.5% to 48,350 won with 425,569 shares traded.
- Analyst ratings show 9 buys, 0 holds, and 0 sells.
A look at Posco International Corporation Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
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
Analysts are optimistic about the long-term prospects of Posco International Corporation, a general trading company. With a strong momentum score of 5, the company is showing robust performance in its market activities. Coupled with a growth score of 4, Posco International is poised for expansion and development in the future. While the company scores average in value and dividend factors at 3 each, its resilience score of 2 suggests some areas for improvement in weathering economic challenges. Overall, Posco International Corporation‘s Smartkarma Smart Scores indicate a favorable outlook for the company’s continued growth and success.
Posco International Corporation is a key player in the trading industry, specializing in the export and import of various goods including steel, cement, crude oil, heavy machinery, automobile parts, and textiles. Additionally, the company’s subsidiary Daewoo engages in the manufacturing of synthetic fabrics for diverse applications like footwear, garments, and car seats. With a retail presence in Masan through its department store, Posco International Corporation demonstrates a diversified business portfolio with a focus on both B2B and B2C operations.
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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