Vertical Divider

Samsung Expected to Exceed Record Breaking 2nd Quarter Results in Q317.
September 25, 2017
 
Samsung Electronics’ performance has completely turned around, compared to last year, when the Note 7 debacle hit.  Although it was initially estimated that its third quarter performance would be poorer than its second quarter performance, which was Samsung Electronics’ best performance in company’s history, there are reports that its upcoming quarterly results will surpass its second quarter performance, which would again break its best quarterly performance record and grow again in the fourth quarter. Samsung Electronics’ operating profit in third quarter is estimated to exceed the second quarter’s $12.3 billion (14 trillion KRW). Stock analysts following SEC are reporting higher outlooks estimating that third quarter operating profit will be over $12.3 billion (14 trillion KRW) but some are even estimating that its operating profit will be around $12.8 billion (14.5 trillion KRW). FNGuide’s consensus (average of estimated performance) on Samsung Electronics’ third quarter operating profit, which was around $11.5 billion (13 trillion KRW), increased to $12.5 billion (14.2235 trillion KRW). Because outlooks are rising every day, some are predicting that final consensus will close upon $13.2 billion (15 trillion KRW). “While the semiconductor business department leads the growth, it should also gain from the sales of ~550m OLED displays up from 360m in 2016. However, the unit sales will be offset by the massive investment in new OLED panel production. Samsung Electronics is expected to continue riding the upward trend in performance when it has its biggest quarterly performance in third quarter because semiconductor industries will continue to be good condition and IM Business Department’s profit can also be improved due to release of Galaxy Note 8. Also an increase supply of flexible OLEDs, the effect of peak season for TV and home appliance sectors, offset by a decrease in TV sales, due to a reduction in price of LCD panels and the slow sales of its QLED high end, which caused the price reductions.