Stock Analysis
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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About TSE:6326
Kubota
Manufactures and sells agricultural and construction machinery in Japan, North America, Europe, Asia, and internationally.