- Sumitomo Corp has increased its full-year net income forecast to 560 billion yen from 530 billion yen, surpassing the market estimate of 524.46 billion yen.
- The company maintained its expected dividend payout at 130 yen, which aligns with market expectations.
- For the third quarter, Sumitomo Corp reported a net income of 162.5 billion yen, marking a 36% year-over-year increase and outperforming the estimated 134.29 billion yen.
- Net sales for the third quarter were 1.80 trillion yen, reflecting a 4.7% year-over-year growth, although slightly below the 2.15 trillion yen estimate.
- Following the announcements, Sumitomo Corp‘s shares rose by 2.3% to 3,383 yen, with a total of 1.31 million shares traded.
- Analyst recommendations for Sumitomo Corp include 8 buys, 7 holds, and no sell ratings, indicating a generally positive outlook on the stock.
A look at Sumitomo Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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
Sumitomo Corp, a renowned general trading company, has received a favorable assessment based on Smartkarma Smart Scores. The company has achieved outstanding ratings in key areas essential for long-term growth. With a solid score in value, Sumitomo Corp is perceived to be an attractive investment option in terms of valuation compared to its industry peers. Additionally, boasting high scores in dividend and growth categories, Sumitomo Corp is positioned to provide excellent returns to its investors while also indicating strong potential for expansion and development.
However, despite its overall positive outlook, Sumitomo Corp faces some challenges as reflected in its lower score for resilience. This suggests that the company may need to focus on enhancing its ability to withstand economic uncertainties and market fluctuations. Nevertheless, with a promising score in momentum, indicating a positive trend in stock performance, Sumitomo Corp demonstrates a favorable trajectory for future growth and success in the various sectors it operates within, including real estate, construction, shipping, insurance, finance, and leasing businesses.
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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