- Posco Holdings’ second-quarter net income was 160 billion won, significantly lower than expected and a 68% decrease year-over-year.
- The estimated net income for the quarter was 361.15 billion won, highlighting a substantial shortfall.
- Operating profit for the quarter stood at 610 billion won, marking a 24% decline compared to the same period last year.
- Sales for the quarter were recorded at 17.56 trillion won, representing a 5.1% drop from the previous year.
- The sales figures missed analysts’ estimates, which were projected at 18.03 trillion won.
- Current analyst recommendations include 24 buy ratings, 2 hold ratings, and 2 sell ratings for Posco Holdings.
POSCO Holdings on Smartkarma
Analyst coverage of POSCO Holdings on Smartkarma reveals varied sentiments among independent analysts. Rahul Jain‘s research highlights POSCO’s strategic shift towards battery materials and EV supply chains, despite recent revenue and margin declines. The stock’s deep-value appeal is underscored by trading at low multiples, presenting potential value for investors. On the bullish side, Douglas Kim‘s insights focus on POSCO Holdings‘ sale of Nippon Steel shares, viewed positively as part of the company’s strategy to offload non-core assets.
In contrast, Sanghyun Park takes a bearish stance, suggesting a short play idea targeting the June rebalancing of the TIGER Top 10 ETF. Park’s analysis singles out POSCO Holdings for shorting, emphasizing the impact of the EV battery industry on the company’s prospects. As the June rebalancing approaches, changes in ETF composition could lead to significant price action, with POSCO Holdings possibly facing downward pressure as a result.
A look at POSCO Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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
POSCO Holdings Inc., a leading manufacturer of steel products, is positioned favorably for the long term with high scores across key factors. With a top score of 5 in Value, the company is considered to be attractively priced relative to its fundamentals. Additionally, its strong dividend score of 4 indicates a solid history of distributing profits to shareholders. Although growth potential is rated at 2, POSCO Holdings shows resilience with a score of 3, highlighting its ability to weather economic uncertainties. Furthermore, the company’s momentum score of 4 reflects positive market trends that could propel its performance in the future. Overall, POSCO Holdings demonstrates robust fundamentals and a promising outlook.
POSCO Holdings Inc. stands out in the steel industry with its diverse product range and global market presence. Specializing in the production of various steel products such as hot rolled steel, cold rolled steel, and stainless steel, the company caters to a wide customer base worldwide. Its emphasis on value, evident from a top score of 5, underscores its commitment to providing quality products at competitive prices. With a respectable dividend score of 4, POSCO Holdings rewards its investors with solid returns. While growth potential is rated modestly at 2, the company’s resilience and momentum scores of 3 and 4, respectively, suggest a stable and upward trajectory for its business. POSCO Holdings‘ focus on innovation and market positioning bodes well for its future performance.
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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