
Mizuho Financial Group (8411) Earnings: FY Net Income Forecast Boost and Q2 Results Exceed Estimates
- Mizuho has increased its full-year net income forecast to 1.13 trillion yen, up from the previous forecast of 1.02 trillion yen, and surpassing the estimate of 1.07 trillion yen.
- The company is maintaining its dividend projection at 145.00 yen, close to the market estimate of 146.87 yen.
- For the second quarter, Mizuho reported a net income of 399.43 billion yen, significantly exceeding the estimate of 270.09 billion yen.
- The second quarter dividend is set at 72.50 yen.
- Analyst recommendations for Mizuho include 12 buys, 5 holds, and no sells.
A look at Mizuho Financial Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.4 |
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
According to Smartkarma Smart Scores, Mizuho Financial Group is positioned favorably for long-term growth and stability. With strong scores across Value, Dividend, and Growth factors at 4 each, the company demonstrates solid fundamentals and potential for sustainable development. Additionally, scoring high on Resilience and Momentum at 5 each, the company exhibits robustness in navigating economic challenges and maintaining positive market momentum.
Mizuho Financial Group, Inc. stands out in the financial sector with its comprehensive range of services offered through its subsidiaries. From general banking to securities brokerage, trust banking, and asset management, the Group caters to diverse financial needs. The company’s impressive Smartkarma Smart Scores reflect its overall positive outlook, indicating a promising future for Mizuho Financial Group in the evolving financial landscape.
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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