- Hitachi Construction’s net income for the 4th quarter missed estimates, reaching 22.22 billion yen lower than the estimated 22.81 billion yen.
- The net sales too missed the mark slightly, totalling 385.56 billion yen, with the estimated figure standing at 386.12 billion yen.
- Despite these results, the shares rose by 2.4 %, to 4,658 yen with 987,600 shares traded on the market.
- The overall market sentiment remained positive, with 8 buy ratings, 6 hold ratings, and surprisingly no sell ratings.
A look at Hitachi Construction Machinery Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
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
Hitachi Construction Machinery Co., Ltd. is positioned for a positive long-term outlook based on its Smartkarma Smart Scores. With strong ratings in Growth and Momentum, the company demonstrates potential for future expansion and a positive market performance. The high score in Dividend also indicates a commitment to rewarding shareholders, enhancing its attractiveness for investors seeking income. However, the lower score in Resilience suggests some vulnerability to economic fluctuations, which investors should consider when evaluating the stock.
Hitachi Construction Machinery, a subsidiary of Hitachi, Ltd., specializes in developing, manufacturing, and selling construction machinery globally. Their diverse product range, which includes excavators, cranes, loaders, and bulldozers, highlights their presence across various sectors of the construction industry. Overall, with a solid foundation in place and strong Growth and Momentum scores, Hitachi Construction Machinery shows promise for sustained growth in the long run.
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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