- Sumitomo Corp‘s net income for 1Q 2024 was 126.32 billion yen, reflecting a decline of 2.4% year-over-year.
- Analysts had estimated Sumitomo Corp‘s net income to be 129.84 billion yen for 1Q 2024.
- The company’s net sales for 1Q 2024 reached 1.77 trillion yen, marking a 6% year-over-year increase.
- For the forecast year 2025, Sumitomo Corp expects net income to be 530.00 billion yen, close to the analyst estimate of 532.83 billion yen.
- Sumitomo Corp maintains its forecasted dividend at 130.00 yen for 2025, slightly below the analyst estimate of 130.83 yen.
- Analyst recommendations for Sumitomo Corp are 7 buys, 8 holds, and 0 sells.
A look at Sumitomo Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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
Sumitomo Corp, a general trading company engaged in importing and exporting a diverse range of goods, presents a promising long-term outlook based on its Smartkarma Smart Scores. With strong scores in Value, Dividend, Growth, and Momentum, the company is positioned well to excel in various factors that contribute to its overall performance. This suggests a positive outlook for Sumitomo Corp‘s future growth and profitability.
However, it is essential to note that Sumitomo Corp‘s Resilience score is relatively lower, indicating potential vulnerability to economic fluctuations or market challenges. Despite this, the company’s overall performance is bolstered by robust scores in key areas, highlighting its competitive strengths and adaptability within the industry. Sumitomo Corp‘s diversified business portfolio, which includes real estate, construction, shipping, insurance, finance, and leasing, further enhances its resilience and potential for sustainable growth 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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