Sumitomo Rubber Industries (TSE:5110) Third Quarter 2024 Results
Key Financial Results
- Revenue: JP¥287.9b (flat on 3Q 2023).
- Net loss: JP¥34.7b (down by 282% from JP¥19.0b profit in 3Q 2023).
- JP¥132 loss per share (down from JP¥72.27 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sumitomo Rubber Industries Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Auto Components industry in Japan.
Performance of the Japanese Auto Components industry.
The company's shares are up 7.2% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Sumitomo Rubber Industries that you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if Sumitomo Rubber Industries might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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