- JFE has cut its full-year net income forecast to 95.00 billion yen from a previously expected 130.00 billion yen, falling short of the 135.35 billion yen market estimate.
- The company anticipates net sales of 4.90 trillion yen, lower than the previous forecast of 4.97 trillion yen, and slightly below the market estimate of 4.94 trillion yen.
- Despite the revised net income forecast, JFE still plans to maintain its dividend at 100.00 yen, aligning with market expectations.
- For the third quarter, JFE reported a net income of 57.62 billion yen, an increase of 9.1% year-over-year, but slightly below the market estimate of 58.63 billion yen.
- JFE’s net sales for the third quarter were 1.22 trillion yen, a decrease of 5% year-over-year, and just under the market estimate of 1.23 trillion yen.
- In terms of market sentiment, there are currently 5 buy ratings, 9 hold ratings, and no sell ratings for JFE.
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A look at JFE Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| 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
When looking at the Smartkarma Smart Scores for JFE Holdings, the company is rated highly for its value and dividend factors, both receiving a top score of 5. This indicates that JFE Holdings is considered strong in terms of its financial attractiveness and dividend payouts. However, in terms of growth and resilience, JFE Holdings scored lower, with a 2 for both factors. This suggests that the company may face challenges in growing its business and maintaining stability in uncertain market conditions. On the momentum front, JFE Holdings received a score of 3, indicating a moderate level of market momentum.
JFE Holdings, Inc. is a holding company formed from the merger of NKK Corp and Kawasaki Steel Corp. The company oversees and manages the business operations of its subsidiaries, which primarily focus on steel production and integrated engineering services. With high scores in value and dividend factors, JFE Holdings seems to be financially sound and committed to rewarding its shareholders. However, the lower scores for growth and resilience imply potential areas where the company may need to strategize and adapt for long-term success.
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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