- Sumitomo Electric predicts a fiscal year operating income of 240.00 billion yen, nearly matching the estimate of 241.82 billion yen.
- They anticipate a net income of 140.00 billion yen, slightly less than the estimate of 147.81 billion yen.
- Forecasted net sales are set at 4.50 trillion yen, very close to the estimated 4.52 trillion yen.
- A dividend payout of 72.00 yen per share is foreseen, just under the estimate of 73.64 yen.
- The firm posted fourth-quarter results showing an operating income of 78.29 billion yen, declining by 5.2% year-on-year but beating the estimate of 69 billion yen.
- Their fourth quarter net income has grown by 27% year-on-year to 72.53 billion yen, surpassing the 68.32 billion yen estimate.
- Fourth-quarter net sales rose by 8% year-on-year to reach 1.18 trillion yen, higher than the estimated 1.15 trillion yen.
- The current market sentiment is generally positive, with 6 buys and 5 holds out of all ratings and no sells at all.
- All these projected and actual figures are juxtaposed with past results based on the company’s original data and disclosures.
A look at Sumitomo Electric Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
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 leading manufacturer of electric wires and cables, is poised for a bright future according to Smartkarma Smart Scores. With strong scores in Growth and Momentum, the company is expected to experience robust expansion in the long term. Its focus on innovation and developing cutting-edge products positions it well for sustained growth in the industry.
Additionally, Sumitomo Electric Industries earns high marks in Value and Dividend, indicating solid financial performance and commitment to shareholders. While facing some challenges in Resilience, the company’s overall outlook remains positive, with a solid foundation in place to drive continued success in its diverse product offerings.
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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