- Sumitomo Electric updated its forecast for operating income to 295 billion yen, higher than its previous forecast of 275 billion yen and slightly above the market estimate of 293.89 billion yen.
- The company anticipates net income to reach 205 billion yen, an increase from a previous forecast of 190 billion yen and exceeding the market estimate of 197.14 billion yen.
- Expected net sales are 4.60 trillion yen, surpassing both the initial forecast of 4.50 trillion yen and the market’s estimate of 4.59 trillion yen.
- The dividend remains projected at 100 yen per share, slightly below the market expectation of 100.75 yen.
- In the first quarter, Sumitomo Electric achieved an operating income of 60.30 billion yen, marking a 13% year-over-year increase and outperforming the market estimate of 48.17 billion yen.
- Net income for the first quarter was 35.12 billion yen, up by 11% year-over-year, exceeding the market prediction of 31.13 billion yen.
- First quarter net sales were 1.15 trillion yen, a 2.9% increase compared to the previous year, and above the estimate of 1.08 trillion yen.
- Analyst recommendations include 11 buys, 3 holds, and 0 sells.
- All comparisons are based on Sumitomo Electric’s official disclosures.
A look at Sumitomo Electric Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
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 Electric Industries has received favorable Smartkarma Smart Scores, indicating a promising long-term outlook for the company. With strong scores in areas such as Dividend (4), Growth (4), and Momentum (5), Sumitomo Electric Industries shows potential for sustained performance and growth.
Specializing in the manufacture of electric wires, cables, and related equipment, Sumitomo Electric Industries, Ltd. boasts a diverse product portfolio that includes optical fibers, wire harnesses, antennas, and automotive components like disc brakes and antilock braking systems. These product offerings, coupled with the company’s solid Smart Scores, position Sumitomo Electric Industries well for future success in the 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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