- Hitachi has updated its full-year net income forecast to 610.00 billion yen, up from the previously projected 600.00 billion yen. However, this is still below analysts’ estimates of 649.56 billion yen.
- For the full year, Hitachi expects net sales to reach 9.70 trillion yen, exceeding the previous forecast of 9.15 trillion yen and also above analysts’ estimates of 9.47 trillion yen.
- In the third quarter, Hitachi reported a net income of 138.51 billion yen, which fell short of the analyst estimate of 152.6 billion yen.
- Third-quarter net sales came in at 2.47 trillion yen, surpassing analyst expectations of 2.28 trillion yen.
- Stock analysts show strong confidence in Hitachi, with 18 buy recommendations, 3 hold recommendations, and no sell recommendations.
A look at Hitachi Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
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 Ltd, a company known for its wide range of products from communication devices to heavy machinery, is positioned with a mixed outlook according to Smartkarma Smart Scores. With moderate ratings in Value and Dividend factors, the company may present decent but not exceptional investment opportunities in those areas.
However, Hitachi shines in Growth, Resilience, and Momentum scores, indicating a promising long-term outlook for the company. Its strong performance in these aspects suggests potential growth opportunities, a stable foundation to weather market fluctuations, and positive market sentiment that could drive the company’s stock value upward in the future.
### Hitachi, Ltd. manufactures communications and electronic equipment, heavy electrical and industrial machinery, and consumer electronics. The Company’s diverse product line ranges from nuclear power systems to kitchen appliances. Hitachi also operates subsidiaries in the wire and cable, metal, and chemical industries. ###
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
