Kubota First Quarter 2024 Earnings: In Line With Expectations

Kubota (TSE:6326) First Quarter 2024 Results

Key Financial Results

• Revenue: JP¥775.2b (flat on 1Q 2023).
• Net income: JP¥72.9b (up 5.5% from 1Q 2023).
• Profit margin: 9.4% (up from 8.8% in 1Q 2023).
• EPS: JP¥62.06 (up from JP¥58.11 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kubota Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan.

Performance of the Japanese Machinery industry.

The company's shares are down 1.1% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Kubota (including 1 which is significant).

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