- Updated Full-Year Forecasts:
- Operating income expected to be 250.00 billion yen (previously saw 240.00 billion yen, estimate was 247.7 billion yen).
- Net income expected to be 145.00 billion yen (previously saw 140.00 billion yen, estimate was 152.08 billion yen).
- Net sales expected to be 4.60 trillion yen (previously saw 4.50 trillion yen, estimate was 4.56 trillion yen).
- Dividend still expected to be 72.00 yen (estimate was 74.70 yen).
- First Quarter Results:
- Operating income: 53.29 billion yen, a significant increase from 18.94 billion yen year-on-year, surpassing the estimate of 34.81 billion yen.
- Net income: 31.76 billion yen, sharply up from 1.93 billion yen year-on-year, exceeding the estimate of 20.21 billion yen.
- Net sales: 1.12 trillion yen, up by 12% year-on-year, surpassing the estimate of 1.04 trillion yen.
- Stock Analyst Ratings:
- 6 buys
- 5 holds
- 0 sells
A look at Sumitomo Electric Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| 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 Electric Industries, a company known for manufacturing electric wires, cables, and related equipment, has been given favorable Smart Scores in various key areas. With a Growth score of 5, Sumitomo Electric is poised for potential expansion and development in the future. This indicates a positive outlook for the company’s ability to grow and innovate over the long term. Additionally, both the Value and Dividend scores are strong at 4, suggesting that Sumitomo Electric is considered a valuable investment with potential for steady dividend returns.
However, the company’s Resilience and Momentum scores are slightly lower at 3, which may pose challenges in terms of adapting to changing market conditions and maintaining consistent performance. Despite this, Sumitomo Electric’s overall outlook appears promising, especially with its strong focus on growth and value creation, making it a company to watch for potential long-term investment opportunities.
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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