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    A066570   KR7066570003

LG ELECTRONICS INC.

(A066570)
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LG Electronics Expects Second-Quarter Operating Profit to Rise 66%

07/07/2021 | 01:08am EDT

By Kwanwoo Jun

LG Electronics Inc. expects its second-quarter operating profit to rise 66% compared with the same period a year earlier thanks to solid demand for televisions and home appliances and the exit from its unprofitable smartphone business.

The South Korean consumer-electronics giant said Wednesday it projects operating profit of 1.113 trillion won ($978.9 million) while revenue is expected rise 48% to KRW17.110 trillion.

The operating-profit forecast is below a FactSet-compiled market consensus for KRW1.140 trillion, while the revenue estimate is above the FactSet estimate for KRW17.087 trillion.

Analysts expects the company's brisk sales of televisions and home appliances to lead the quarterly earnings, which should also be bolstered by its decision in April to shut its smartphone unit, which has been losing money since 2015.

LG Electronics is due to release its full quarterly earnings later this month.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

(END) Dow Jones Newswires

07-07-21 0107ET

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Analyst Recommendations on LG ELECTRONICS INC.
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Financials
Sales 2021 71 858 B 60,6 B 60,6 B
Net income 2021 2 274 B 1,92 B 1,92 B
Net Debt 2021 3 010 B 2,54 B 2,54 B
P/E ratio 2021 11,0x
Yield 2021 0,90%
Capitalization 23 910 B 20 143 M 20 180 M
EV / Sales 2021 0,37x
EV / Sales 2022 0,33x
Nbr of Employees 38 119
Free-Float 69,0%
Chart LG ELECTRONICS INC.
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LG Electronics Inc. Technical Analysis Chart | A066570 | KR7066570003 | MarketScreener
Technical analysis trends LG ELECTRONICS INC.
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Last Close Price 139 500,00 KRW
Average target price 205 692,31 KRW
Spread / Average Target 47,4%
EPS Revisions
Managers and Directors
Brian Kwon Chief Executive Officer
Il-Pyung Park Chief Technology Officer
Jong-Sang Lee Vice President, Head-Legal & Compliance Support
Joon-Geun Choi Independent Director
Dae-Hyung Kim Independent Director
Sector and Competitors