Xiaomi Corp (1810) Earnings: 2Q Revenue and Net Income Surpass Estimates

Xiaomi Corp on Smartkarma

Analyst coverage of Xiaomi Corp on Smartkarma reveals positive sentiments from top independent analysts. Devi Subhakesan‘s report highlights Xiaomi’s strong comeback in 2Q24 in both China and India, with a 17% year-on-year increase in sales in China. Ming Lu‘s insights emphasize Xiaomi’s global market share growth to 15% in 2Q24 and a 29% year-on-year increase in shipments, positioning Xiaomi as the clear gainer in market share among the global top five players.

Focusing on India, Devi Subhakesan points out Xiaomi’s resurgence in the Indian smartphone market, reclaiming the top spot in Q2 2024, while Samsung slipped to third place. Leonard Law, CFA, provides a broader analysis in his report, Morning Views Asia, discussing Xiaomi Corp‘s position alongside SM Investments. Overall, the reports align in painting a bullish outlook for Xiaomi Corp, with expectations of continued growth and a potential 35% upside by the end of 2024.

A look at Xiaomi Corp Smart Scores

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 at Smartkarma have defined Xiaomi Corp‘s long-term outlook using the Smart Scores system. The company’s Value score hints at a moderate rating, suggesting a fair valuation in the market. However, their Dividend score is on the lower side, indicating that Xiaomi Corp may not be prioritizing dividend payments to shareholders. In terms of Growth, the company has received a reasonable score, reflecting a positive outlook for expansion and development. Xiaomi’s high scores in Resilience and Momentum stand out, signifying a strong ability to weather market fluctuations and maintain upward momentum.

Xiaomi Corporation, known for manufacturing communication equipment and parts, excels in producing and selling mobile phones, smart phone software, set-top boxes, and related accessories. With a global market presence, Xiaomi’s overall Smart Scores paint a picture of a company with promising growth potential and strong resilience to market challenges, underlining a positive long-term outlook for investors considering their strategy.

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.
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