- Bridgestone’s net income for the second quarter was 39.63 billion yen, which fell short of the estimated 59.79 billion yen.
- The company’s operating income for the same period was 75.72 billion yen.
- Net sales amounted to 1.06 trillion yen, slightly below the forecast of 1.07 trillion yen.
- For the year, Bridgestone maintains its net income forecast at 253.00 billion yen, below the market estimate of 273.5 billion yen.
- The company continues to project net sales of 4.33 trillion yen, again falling short of the 4.37 trillion yen estimate.
- Bridgestone’s dividend forecast remains at 230.00 yen, which is above the market estimate of 229.53 yen.
- Analyst recommendations for Bridgestone include 7 buys, 6 holds, and 1 sell, reflecting mixed market sentiment.
A look at Bridgestone Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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
With a strong overall outlook reflected in its Smartkarma Smart Scores, Bridgestone Corp seems positioned for long-term success. The company scores high in Value, Dividend, and Growth categories, indicating favorable prospects for investors looking for stable returns and potential stock appreciation. While Resilience and Momentum scores are slightly lower, Bridgestone’s diversified business operations in the design, production, and sale of automobile tires, as well as other products such as scales, sporting goods, and equipment, present a well-rounded approach to weathering market challenges and maintaining steady growth.
BRIDGESTONE CORPORATION, a global player in the automobile tire industry, is not only focused on tire manufacturing but also expanding its reach into other areas such as scales for racing cars and aircraft, as well as sporting goods like golf equipment and bicycles. This diversified portfolio, combined with its high Smart Scores in Value, Dividend, and Growth, positions Bridgestone Corp as a company with a strong foundation for long-term success and potential for sustainable growth in the ever-evolving market 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.
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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