- Sumitomo Metal has reduced its full-year net income forecast to 31.00 billion yen, compared to a previous forecast of 67.00 billion yen. Analysts had estimated 78.42 billion yen.
- The company expects its full-year net sales to be 1.57 trillion yen, slightly higher than the previous figure of 1.56 trillion yen but below the estimate of 1.58 trillion yen.
- The forecasted dividend per share is expected to be 104.00 yen, up from the previous 99.00 yen, surpassing the estimate of 102.00 yen.
- For the third quarter, Sumitomo Metal reported a net loss of 16.89 billion yen, contrasting with a profit of 20.47 billion yen in the same quarter last year. Analysts had projected a profit of 27.55 billion yen for the period.
- The third-quarter net sales for Sumitomo Metal are reported at 392.68 billion yen, marking a 6.7% increase year-over-year, slightly below the estimate of 395.04 billion yen.
- Analyst recommendations include 2 buys, 7 holds, and 1 sell for Sumitomo Metal shares.
A look at Sumitomo Metal Mining Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
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 Metal Mining Co., Ltd., a company that develops and mines non-ferrous metals, has been given a positive long-term outlook based on the Smartkarma Smart Scores. With a top score of 5 for Value, the company is seen as offering good value for investors. At a score of 4 for Dividend, Sumitomo Metal Mining is also considered a reliable option for those seeking regular dividend payouts. However, the company’s Growth and Momentum scores are more modest, at 2 each, indicating potential room for improvement in these areas. With a Resilience score of 3, the company is viewed as moderately resilient to market fluctuations.
Sumitomo Metal Mining Co., Ltd. primarily deals with copper, gold, silver, nickel, lead, and zinc, in addition to refining and selling precious metals. The company also plays a role in producing and marketing electronic and housing construction materials, while offering civil engineering works. Overall, with strong scores in Value and Dividend, Sumitomo Metal Mining is positioned favorably for long-term investors, with room for growth and increased momentum in the future to further solidify its standing 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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