Earnings Alerts

Hamamatsu Photonics Kk (6965) Earnings Miss Estimates with 1Q Operating Income Falling by 26%

By February 8, 2024 No Comments
  • Hamamatsu Photonics reported a decrease in first-quarter operating income by 26% year-over-year (y/y) to 11.48 billion yen, missing the estimated 12.24 billion yen.
  • The company’s net income also fell by 21% y/y to 8.95 billion yen, slightly under the estimated 9.07 billion yen.
  • Net sales for the first quarter were reported at 53.51 billion yen, a decrease of 3% y/y, falling short of the estimated 54.09 billion yen.
  • Despite these results, Hamamatsu Photonics is maintaining its yearly forecast. They predict an operating income of 48.40 billion yen, a net income of 36.70 billion yen, and net sales of 224.30 billion yen.
  • The company’s estimates are slightly lower than market predictions, which anticipate an operating income of 50.5 billion yen, a net income of 37.42 billion yen, and net sales of 225.22 billion yen.
  • Hamamatsu Photonics also plans to offer a dividend of 76.00 yen.
  • The company’s stock currently has 5 buys, 2 holds, and 0 sells.
  • All comparisons made are based on values reported by the company from their original disclosures.

Hamamatsu Photonics Kk on Smartkarma

Hamamatsu Photonics Kk, a Japanese manufacturer of optical sensors and instruments, has recently received coverage from independent analysts on Smartkarma. According to Scott Foster, a top analyst on the platform, the company’s shares have dropped by 27% from their May high due to excessive inventory and falling profits. However, Foster believes that the current weakness in the stock presents a buying opportunity for investors.

Foster argues that Hamamatsu Photonics’ profits are expected to rebound as demand for semiconductors and other products increases, and depreciation levels off. With attractive valuations and the potential for growth in the future, Foster recommends buying the stock while it is still discounted. However, investors should keep in mind that the company’s first quarter results may be weak. Overall, Foster’s sentiment towards Hamamatsu Photonics is bullish, making it a potentially promising investment for those willing to take advantage of the current market dip.


A look at Hamamatsu Photonics Kk Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience4
Momentum2
OVERALL SMART SCORE2.8

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

Based on the Smartkarma Smart Scores, the long-term outlook for Hamamatsu Photonics Kk is positive. The company has received a score of 4 for both Growth and Resilience, indicating strong potential for future expansion and a solid foundation for weathering any economic challenges. This is supported by the company’s diverse range of products, including photosensitive electronic tubes, optical/image sensors, and X-ray and laser related products. These products are used in measuring equipment, making Hamamatsu Photonics Kk an essential player in the technology industry.

While the scores for Value and Dividend are lower at 2, this does not necessarily indicate a negative outlook. Instead, it suggests that the company may not be undervalued or have high dividend payouts. However, with a score of 2 for Momentum, it may be worth keeping an eye on the company’s performance in the market. Overall, Hamamatsu Photonics Kk‘s Smartkarma Smart Scores indicate a company with strong potential for growth and resilience in the long term, making it a promising investment in the technology sector.


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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