Nissan Motor is set to release its third-quarter results on Thursday. Let's dive into the key details:
Net Profit Forecast
According to a poll of analysts by Quick, Nissan is expected to report a 51% increase in net profit, reaching 76.14 billion yen ($514.7 million) for the three months ending December 31. This compares to 50.565 billion yen reported for the same period last year.
The Quick poll estimates that third-quarter revenue is expected to rise by 19% compared to the previous year, reaching 3.364 trillion yen.
In 2024, Nissan's stock has seen an 11% increase, rebounding from a 16% decline during the October-December period. On Wednesday, shares closed at 614.1 yen.
Key Focus Areas
Here are a few areas to keep an eye on:
Revenue and Net Profit Projections
Nissan has projected a 23% increase in revenue, amounting to 13.000 trillion yen, and a 76% increase in net profit, reaching 390.00 billion yen for the fiscal year ending in March. Investors are eager to see if there are any changes in these projections.
In the second quarter, Nissan's operating-profit margin rose to 6.6% from 3.6% year-on-year, driven by sales volume growth and higher selling prices. As automakers worldwide face high inflation, investors will closely monitor margin trends.
Nissan experienced a decline in second-quarter sales in China, attributed to intense competition and a shift in consumer preferences towards electric vehicles. To strengthen its presence in China, the company plans to launch four models, including fully electric vehicles and its first-ever plug-in hybrid vehicle by 2026. Any updates on this strategy will be closely watched by investors.