Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  LG Electronics Inc.    A066570   KR7066570003

LG ELECTRONICS INC.

(A066570)
  Report
SummaryChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

LG Electronics : Expects Third-Quarter Operating Profit to Rise 23%

10/08/2020 | 02:39am EST

By Kwanwoo Jun

LG Electronics Inc. expects its third-quarter operating profit to increase 23% compared with the same period a year earlier thanks to solid growth in its television and home-appliance segments.

The South Korean consumer electronics giant said Thursday in a preliminary estimate that it anticipates operating profit of 959.00 billion won ($828.6 million).

The forecast beat a FactSet consensus estimate of KRW836.21 billion.

Market analysts say longer periods staying at home and government subsidies amid the pandemic are driving demand for home appliances and TVs.

The South Korean company expects third-quarter revenue of KRW16.920 trillion, up 7.8% from a year ago and beating the FactSet consensus estimate of KRW16.316 trillion.

LG Electronics is expected to release a full report on its third-quarter results later this month.

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

(END) Dow Jones Newswires

10-08-20 0238ET

Stocks mentioned in the article
ChangeLast1st jan.
LG CORP. -1.28% 77200 End-of-day quote.4.61%
LG ELECTRONICS INC. -0.57% 87000 End-of-day quote.20.67%
All news about LG ELECTRONICS INC.
11/26LG to spin off affiliates as break-up looms at South Korean conglomerate
RE
11/26LG to spin off affiliates as break-up looms at S.Korean conglomerate
RE
11/26LG ELECTRONICS : Announces organizational changes to respond faster to unprecede..
PU
11/18LG ELECTRONICS : Oled tv and xbox series x unleash next-gen console gaming exper..
PU
11/18Vietnam says Taiwan's Foxconn starts factory to make displays
RE
11/18Vietnam says Taiwan's Foxconn starts factory to make displays
RE
11/13LG ELECTRONICS : Statement regarding lg electronics' patent settlement agreement..
PU
11/11S.Korean stock market rally fizzles as vaccine euphoria wanes
RE
11/02LG ELECTRONICS : And net-a-porter launch sustainable clothing collection
PU
10/30LG ELECTRONICS : Third-Quarter Net Profit Surged 88%; Beat Consensus -- Earnings..
DJ
More news
Financials
Sales 2020 62 336 B 56,5 B 56,5 B
Net income 2020 1 893 B 1,72 B 1,72 B
Net Debt 2020 5 803 B 5,26 B 5,26 B
P/E ratio 2020 8,17x
Yield 2020 0,86%
Capitalization 14 875 B 13 469 M 13 477 M
EV / Sales 2020 239x
EV / Sales 2021 222x
Nbr of Employees 85 905
Free-Float 69,0%
Chart LG ELECTRONICS INC.
Duration : Period :
LG Electronics Inc. Technical Analysis Chart | A066570 | KR7066570003 | MarketScreener
Technical analysis trends LG ELECTRONICS INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 32
Average target price 107 656,25 KRW
Last Close Price 87 800,00 KRW
Spread / Highest target 59,5%
Spread / Average Target 22,6%
Spread / Lowest Target -52,2%
EPS Revisions
Managers
NameTitle
Brian Kwon Chief Executive Officer
Il-Pyung Park Chief Technology Officer
Seong-Jin Cho Director
Joon-Geun Choi Independent Director
Dae-Hyung Kim Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
LG ELECTRONICS INC.20.67%13 469
LARGAN PRECISION CO.,LTD-33.50%15 653
HISENSE VISUAL TECHNOLOGY CO., LTD.2.58%2 244
GOPRO, INC.64.98%1 079
TURTLE BEACH CORPORATION94.71%290
ZAGG INC-50.55%123