- Toshiba reported an operating income of 11.44 billion yen in the first quarter, showing a significant improvement from a loss of 4.81 billion yen the previous year.
- However, the company also reported a net loss of 25.39 billion yen, compared to a profit of 25.89 billion yen the previous year.
- Net sales for the quarter were 704.11 billion yen, a decrease of 4.9% compared to the same period last year.
- Looking ahead to 2024, Toshiba still projects an operating income of 110.00 billion yen, which is lower than the estimated 140.02 billion yen.
- The company also maintains its forecast for net sales at 3.20 trillion yen, slightly below the estimated 3.21 trillion yen.
- Current market sentiment towards Toshiba is neutral, with no buy or sell recommendations, and 5 hold recommendations.
- The comparisons made to past results are based on values reported by Toshiba’s original disclosures.
Toshiba Corp on Smartkarma
Toshiba Corp is currently facing a lot of analyst coverage on Smartkarma, an independent investment research network. Arun George, an independent analyst, published research on the company’s recent developments such as Toshiba’s delayed tender offer and 1Q results. Another analyst, Mio Kato, published a preview of Toshiba’s expected 1QFY24 earnings. Meanwhile, Travis Lundy, another analyst, published an insight on Toshiba’s tender offer, claiming that it has become cheaper and the shareholder fatigue is too strong for the Board to demand more.
Overall, the sentiment on Toshiba Corp on Smartkarma is bearish, with Arun George and Mio Kato both reporting a bearish outlook. However, Travis Lundy‘s insight on Toshiba’s tender offer provides a more bullish outlook on the company. Investors should keep an eye on the upcoming 1Q results and tender offer to get a better understanding of Toshiba Corp‘s current situation.
A look at Toshiba Corp Smart Scores
Factor | Score | Magnitude |
|---|---|---|
Value | 3 | |
Dividend | 4 | |
Growth | 5 | |
Resilience | 3 | |
Momentum | 3 | |
Smart Score | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook
Toshiba Corp is a Japanese electrical and electronic product manufacturer. Its products range from PCs and televisions to NAND flash memories, system LSIs (large-scale integrated), power generators, medical equipment, and home appliances. According to Smartkarma Smart Scores, Toshiba Corp has a long-term outlook of 3 for Value, 4 for Dividend, 5 for Growth, 3 for Resilience, and 3 for Momentum. This indicates that the company is performing well in terms of value and dividend, and has a good outlook for growth, resilience, and momentum.
Overall, Toshiba Corp has a solid long-term outlook for its products and services. It is well-positioned to continue providing quality products and services and grow its customer base. With its strong performance in terms of value and dividend, and good outlook for growth, resilience, and momentum, the company is set to remain a leader in the electrical and electronic product market.
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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