- Sumitomo Electric has increased its full-year operating income forecast to 280 billion yen from the previous expectation of 260 billion yen, surpassing the estimate of 266.43 billion yen.
- The company anticipates a full-year net income of 160 billion yen, an improvement from the prior forecast of 150 billion yen, but slightly below the market estimate of 161.44 billion yen.
- Full-year net sales are forecasted to be 4.60 trillion yen, which is up from the previous expectation of 4.55 trillion yen and above the estimate of 4.56 trillion yen.
- Despite the upward revisions in income and sales, the company maintains its dividend expectation at 77 yen, below the market estimate of 80.46 yen.
- For the third quarter, Sumitomo Electric reported an operating income of 87.52 billion yen, marking an 8.1% year-over-year increase, well above the estimate of 67.76 billion yen.
- The third-quarter net income was 37.93 billion yen, a decrease of 25% compared to the previous year and below the estimate of 42.85 billion yen.
- Net sales in the third quarter were 1.19 trillion yen, reflecting a 3.8% year-over-year increase and exceeding the estimate of 1.15 trillion yen.
- Analyst recommendations include 7 “buy” ratings and 5 “hold” ratings, with no “sell” ratings reported.
A look at Sumitomo Electric Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| 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 Electric Industries, Ltd., a company known for manufacturing electric wires, cables, and related equipment, has received positive Smart Scores indicating a promising long-term outlook. With strong scores in Value, Dividend, and Growth categories, Sumitomo Electric demonstrates resilience and momentum in its operations. The company’s value proposition, combined with a solid dividend policy and growth potential, positions it well for future success in the market.
Investors eyeing Sumitomo Electric Industries can take note of its competitive standing based on the Smart Scores. While boasting high momentum and robust scores in key areas, investors may find the company to be a solid choice for long-term investment. Sumitomo Electric’s diverse product range, including optical fibers, wire harnesses, and automotive braking systems, reflects its ability to adapt to changing market needs and maintain a strong position in the industry.
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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