Sumitomo (OTCMKTS:SSUMY – Get Free Report) is anticipated to announce its results after the market closes on Friday, October 30th. Analysts expect the company to announce earnings of $0.2318 per share and revenue of $12.01 billion for the quarter.
Sumitomo (OTCMKTS:SSUMY – Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The conglomerate reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.58). The company had revenue of $12.24 billion during the quarter, compared to analyst estimates of $11.50 billion. On average, analysts expect Sumitomo to post $1.60 EPS for the current fiscal year and $1.70 EPS for the next fiscal year.
Sumitomo Stock Performance
Shares of OTCMKTS:SSUMY opened at $11.33 on Wednesday. The business has a fifty day moving average price of $11.24 and a two-hundred day moving average price of $28.85. Sumitomo has a 1 year low of $7.14 and a 1 year high of $12.45.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Sumitomo from a “hold” rating to a “strong-buy” rating in a report on Monday, September 7th. One investment analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, Sumitomo has an average rating of “Strong Buy”.
View Our Latest Stock Analysis on SSUMY
Sumitomo Company Profile
Sumitomo Corporation (OTCMKTS: SSUMY) is a Japan-based global trading and business investment company. It develops and manages businesses across a broad range of industries, connecting suppliers, manufacturers, service providers and customers through international networks and operating companies.
The company’s activities include metal products, transportation and infrastructure, construction systems, urban development, media and digital services, lifestyle-related businesses, mineral resources, energy transformation, and chemicals.
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