FANUF - Fanuc Corporation: Turning Bullish On Potential Results Beat (Rating Upgrade)
2024-06-20 17:32:09 ET
Summary
- I anticipate that Fanuc Corporation's financial performance for the first quarter of the new fiscal year will surpass the sell side's expectations.
- Fanuc Corporation's shares are undervalued based on historical and earnings growth comparisons.
- I upgrade Fanuc Corporation's rating to a Buy, as the stock's P/E multiple has the potential to expand in the event of a Q1 FY 2024 results beat.
Elevator Pitch
My rating for Fanuc Corporation ( FANUY , FANUF ) [6954:JP] is a Buy.
The focus of my prior March 29, 2024, update was Fanuc Corporation's "near-term business performance" and its "long-term growth prospects." With the current write-up, I preview FANUY's upcoming quarterly results and assess the stock's valuations....
Fanuc Corporation: Turning Bullish On Potential Results Beat (Rating Upgrade)