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Renesas Electronics Corporation (JP:6723)
:6723
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
32.17Last Year’s EPS
54.99Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -8.76%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Negative
The earnings call highlighted significant challenges, including revenue declines, inventory issues, and weak free cash flow, despite some positive impacts from recent acquisitions and growth in the automotive segment. The overall outlook is cautious, with management emphasizing a need to adjust strategies and focus on long-term growth.Company Guidance
In the third quarter earnings call for 2024, Renesas executives highlighted several metrics and guidance for the upcoming quarters. They reported Q3 revenue of JPY 345.3 billion, with a gross margin of 55.9% and an operating profit margin of 28.5%. Despite meeting their revenue guidance range, excluding FX impacts, they anticipate a significant revenue decline of approximately 20% in Q4, with a 15% decline when adjusted for currency fluctuations. This decline is attributed to weaker-than-expected demand and increased channel inventory. The company aims to reduce inventory levels by about one-third of the 15% decline. Automotive growth remains in the mid-single digits year-over-year, while the IIoT segment witnessed a substantial decline close to 30% year-over-year, excluding FX impacts. Operating margins are expected to decline further due to cost controls and production adjustments, with Q4 gross margins projected at 52.5% and operating margins at 22.5%. The executives emphasized a cautious approach towards demand outlook, especially given the potential for further inventory adjustments by Japanese industrial and automotive customers in the coming quarters.Altium Acquisition
Renesas completed the acquisition of Altium as of August 1, 2024, and its performance is included in the Q3 results. This acquisition is expected to contribute positively to the industrial infrastructure and IoT segments.
Automotive Segment Growth
Despite challenges, the automotive segment observed mid-single-digit growth year-over-year, indicating a positive trajectory in an otherwise challenging market.
Operating Margin Control
Operating margins stood at 28.5%, above the forecast median, primarily due to effective cost control measures.
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JP:6723 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JP:6723 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | ¥2190.30 | ¥2080.84 | -5.00% |
| Jul 26, 2024 | ¥2547.80 | ¥2408.25 | -5.48% |
| Apr 25, 2024 | ¥2486.65 | ¥2498.98 | +0.50% |
| Feb 08, 2024 | ¥2341.19 | ¥2506.87 | +7.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Renesas Electronics Corporation (JP:6723) report earnings?
Renesas Electronics Corporation (JP:6723) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Renesas Electronics Corporation (JP:6723) earnings time?
Renesas Electronics Corporation (JP:6723) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Renesas Electronics Corporation stock?
The P/E ratio of Renesas Electronics is N/A.
What is JP:6723 EPS forecast?
JP:6723 EPS forecast for the fiscal quarter 2024 (Q4) is 32.17.
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