3Q earnings season mid-term inspection, 47% of surprise results

[아시아경제 송화정 기자]As companies continue to announce their earnings for the third quarter of this year, it was found that about half of the stocks that announced earnings recorded surprising results (earnings surprise).

According to Yuanta Securities on the 30th, the interim results for the third quarter of 66 of the universe 200 stocks (stocks subject to analysis) were announced. As announcements are made mainly on large-cap stocks, the amount-based announcement progress rate stands at 68.8%. Among the 66 stocks that announced earnings, 31 stocks exceeded the forecast, recording an earnings surprise ratio of 47.0%. The achievement rate of 66 stocks was 97.9%, slightly lower than the forecast. Samsung Wow SK hynix 98.8%, and the achievement rate of the remaining items except for the two items was 96.7%.

Samsung Electronics slightly beat the forecast, and SK Hynix announced better-than-expected earnings. In the steel industry, POSCO ( POSCO )Wow Hyundai Steel All of these have recorded earnings surprises, and even banks that have completed earnings announcements also have earnings surprises across the industry. In the case of automobiles, automobile manufacturers Hyundai and Kia Motors’ earnings were generally in line with the forecast. Hyundai Mobis is Hahoe, Hyundai Glovis showed mixed appearances. in addition LG Electronics , LG Chem , Samsung C&T , GS E&C , Daewoo E&C were lower than expected.

Kim Gwang-hyeon, a researcher at Yuanta Securities, said, “Recently, the domestic stock market performance has fallen short of expectations, and the virtuous cycle has continued to exceed expectations once again.” , which in turn led to a rise in the stock price.”

Yuanta Securities estimated the 3Q profit at KRW 61 trillion based on the Universe 200 stocks with the provisional values ​​reflected. This is significantly higher than the record-high profit in the second quarter (53.5 trillion won). Researcher Kim said, “As long as there are no major surprises, the fact that the third quarter will be the biggest profit in history will not change, as 42.7 trillion won has been achieved with profits from 66 stocks that have already been announced, and the forecast for the remaining 134 stocks is 19.8 trillion won. ” explained.

However, if 3Q results fall short of the forecast, there is a possibility that confidence in the future forecast will be lowered. Researcher Kim said, “Over the past three weeks, the annual forecast for this year has been lowered by 6.1 trillion won and the forecast for next year by 10.3 trillion won, but the downward revision is confirmed mainly in IT, materials, and consumer discretionary goods.” Most of the state’s earnings announcements are expected to be finalized, but we need to pay attention to changes in our forecasts based on earnings results,” he said.

By Song Hwa-jeong, staff reporter [email protected]

Source: 아시아경제신문 실시간 속보 by www.asiae.co.kr.

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