Previous close | 6.39 |
Open | 6.33 |
Bid | 6.23 x 1400 |
Ask | 6.46 x 800 |
Day's range | 6.31 - 6.38 |
52-week range | 4.08 - 6.57 |
Volume | |
Avg. volume | 190,444 |
Market cap | 4.573B |
Beta (5Y monthly) | 1.29 |
PE ratio (TTM) | N/A |
EPS (TTM) | -4.55 |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 30 Dec 2021 |
1y target est | 4.10 |
SEOUL (Reuters) -South Korean display panel maker LG Display on Wednesday pinned hopes for a second-half turnaround on the tech sector replenishing depleted inventories after racking up a fourth straight quarterly loss that trailed estimates. Amid depressed global demand for devices like computers and monitors, LG Display slumped to a 1.1 trillion won ($823 million) operating loss for January-March, versus a profit of 38 billion won a year earlier. With demand down, makers of tech devices actively sought to use up inventories during the first quarter, Apple Inc supplier LG Display said.
South Korean display panel maker LG Display said it planned to cut costs in the first half of this year after posting a record quarterly loss, as global demand for smartphones, computers and televisions remains depressed. The Apple Inc supplier flagged a turnaround in the second half, pledging cost-cutting and inventory management until demand for its screens recovers later in the year. With the economic outlook uncertain, purchases of screens fell short of sales of tech devices as clients used up their inventories in the December quarter, a trend which is expected to continue in the first half, LG Display said.
LG Display, Mercury Systems, Stratasys and Vuzix have been highlighted in this Industry Outlook article.
The Zacks Computer-Peripheral Equipment industry participants like LPL, MRCY, SSYS and VUZI are likely to benefit from growing demand for professional gaming accessories, touchscreen devices, smart glasses, 3D printed health equipment and RFID solutions.
South Korean flat-screen maker LG Display Co Ltd posted its second consecutive quarterly loss and cut its investment budget, as soaring inflation and a gloomy economic outlook dealt a further blow to demand for TVs and smartphones. The Apple Inc supplier posted an operating loss of 759 billion won ($532.31 million) for the September quarter, compared to a profit of 529 billion won a year earlier. Revenue fell 6% to 6.8 trillion won, LG Display said in a regulatory filing.
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LG Display (LPL) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Logitech, LG Display, Stratasys and Vuzix have been highlighted in this Industry Outlook article.
The Zacks Computer-Peripheral Equipment industry is suffering from weakening IT spending amid global slowdown concerns. Yet, LOGI, LPL, SSYS and VUZI stocks are worth a watch now due to their end-market strength.
The heavy selling pressure might have exhausted for LG Display (LPL) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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LG Display Company, Mercury Systems, Stratasys and Vuzix in this Industry Outlook article.
The Zacks Computer - Peripheral Equipment industry is witnessing component supply constraints and inflationary pressure. Yet, LPL, MRCY, SSYS and VUZI stocks are worth a watch now due to their end-market strength.
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