- Samsung Heavy Industries‘ operating profit for the third quarter of 2024 was 119.9 billion won, representing a 58% increase compared to the same period last year.
- The reported operating profit surpassed market estimates, which were set at 111 billion won.
- Net profit for the third quarter was 74.0 billion won, a significant 94% increase year-over-year.
- Net profit also exceeded expectations, beating the estimate of 62.42 billion won.
- Sales for the third quarter amounted to 2.32 trillion won, marking a 15% rise from the previous year, although slightly below the estimated 2.45 trillion won.
- Market sentiment appears positive, with 20 analysts rating the stock as a ‘buy’, 1 analyst giving it a ‘hold’, and none recommending a ‘sell’.
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A look at Samsung Heavy Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
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, Samsung Heavy Industries shows a promising long-term outlook. With a strong score in Growth and Momentum, the company is positioned well for future expansion and market performance. This indicates positive prospects for Samsung Heavy Industries in terms of its ability to grow and maintain its market presence.
Although the company’s scores in Value, Dividend, and Resilience are not as high, the high marks in Growth and Momentum suggest that Samsung Heavy Industries is focusing on innovation and forward-looking strategies. Overall, the company’s diversified manufacturing capabilities and construction services further contribute to its potential for continued success in the 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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