Earnings Alerts

LG Electronics (066570) Earnings: Q1 Net Surpasses Estimates at 799 Billion Won

  • LG Electronics reported a net profit of 799.0 billion won for the first quarter, significantly surpassing the estimated 591.09 billion won.
  • The Home Appliance Solution division achieved an operating profit of 644.6 billion won in the first quarter.
  • The Media Entertainment Solution division recorded an operating profit of 4.9 billion won during the same period.
  • The Vehicle Solution unit had a first-quarter operating profit of 125.1 billion won.
  • LG’s Eco Solution division posted an operating profit of 406.7 billion won in the first quarter.
  • Among analysts, there are 26 buy recommendations, 6 holds, and no sell recommendations for LG Electronics.

LG Electronics on Smartkarma




Analyst Coverage of <a href="https://smartkarma.com/entities/lg-electronics-inc">LG Electronics</a> on Smartkarma

Analysts on Smartkarma are providing a comprehensive view of LG Electronics, with both bearish and bullish sentiments. Tech Supply Chain Tracker‘s latest report on the China smartphone market in Q3 2024 highlights LG Electronics‘ expansion in India amidst escalating trade tensions. Additionally, the report discusses challenges faced by liquid cooling for servers and the bankruptcy filing of Chinese foldable phone pioneer Royole Technologies. Taiwan’s focus on defense autonomy and Huawei’s upcoming Mate 70 series launch are also key points in the analysis.

Furthermore, analyst Devi Subhakesan presents a bullish outlook on LG Electronics India’s potential IPO, emphasizing the company’s strong profit growth in FY24. The report indicates LG Electronics India’s intention to raise USD1-USD1.5 billion, potentially valuing its Indian operations at over USD10 billion. With a booming consumer durables sector in India and government initiatives supporting future demand growth, the timing appears favorable for LG Electronics India to leverage its growth momentum through an IPO.



A look at LG Electronics Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience3
Momentum2
OVERALL SMART SCORE3.0

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

LG Electronics Inc.’s long-term outlook, as indicated by the Smartkarma Smart Scores, presents a mixed picture. The company scores well in terms of value, reflecting its attractive investment proposition based on fundamental metrics. With a solid score in value, LG Electronics may be seen as a financially sound investment option.

However, the company’s overall outlook is somewhat tempered by its scores in other areas. While LG Electronics demonstrates average performance in terms of dividend, growth, resilience, and momentum, these scores suggest that the company may face challenges in these aspects in the long run. Investors may need to consider a balanced approach when evaluating LG Electronics as an investment opportunity.

### LG Electronics Inc. manufactures and markets digital display equipment and home appliances. The Company produces and markets flat panel televisions, A/V products, washing machines, air conditioners and refrigerators as well as telecommunications equipment such as smart phones and tablets. ###


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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