- Idemitsu has increased its full-year operating income forecast to 204 billion yen, surpassing both its previous forecast of 169 billion yen and analyst estimates of 165.66 billion yen.
- The company anticipates a net income of 145 billion yen for the full year, higher than the previous result of 125 billion yen and exceeding the analyst prediction of 121.02 billion yen.
- Full-year net sales are projected to be 9.20 trillion yen, an improvement from prior sales of 8.70 trillion yen and above the estimate of 8.43 trillion yen.
- Idemitsu maintains its dividend forecast at 36 yen per share, aligning with market expectations.
- In the third quarter, operating income reached 86.09 billion yen, a decrease of 5.2% year-over-year, but significantly above the estimate of 26.23 billion yen.
- Third-quarter net income was 28.01 billion yen, representing a 62% year-over-year decline, yet exceeding the estimates of 12.35 billion yen.
- Net sales for the third quarter amounted to 2.37 trillion yen, slightly down by 0.2% from the previous year, but better than the 2.03 trillion yen forecast.
- Analyst recommendations for Idemitsu include 3 buy ratings, 4 holds, and no sell ratings.
A look at Idemitsu Kosan Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
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
Based on Smartkarma Smart Scores, Idemitsu Kosan has received solid ratings across multiple factors. With strong scores in Value and Dividend, investors may find the company to be financially attractive and rewarding in terms of returning value to shareholders. Additionally, a respectable Momentum score suggests positive market sentiment and potential for growth in the company’s stock price in the future.
However, it is worth noting that Idemitsu Kosan‘s scores in Growth and Resilience are slightly lower, indicating room for improvement in these areas. Despite this, the company’s overall outlook appears promising, especially for those seeking value and stability in their investments.
Summary: Idemitsu Kosan Co., Ltd. engages in the exploration, importation, refining, and distribution of petroleum and related products. The company also has a presence in manufacturing and selling petrochemical items.
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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