Itochu (ITOCY) Projected to Release Quarterly Earnings on Wednesday

Itochu (OTCMKTS:ITOCY) is projected to announce its results after the market closes on Wednesday, November 4th. Analysts expect the company to announce earnings of $0.2348 per share and revenue of $25.34 billion for the quarter.

Itochu (OTCMKTS:ITOCY) last announced its earnings results on Monday, August 3rd. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $24.75 billion for the quarter, compared to the consensus estimate of $22.01 billion. On average, analysts expect Itochu to post $0.92 EPS for the current fiscal year and $0.98 EPS for the next fiscal year.

Itochu Stock Down 0.3%

OTCMKTS:ITOCY opened at $15.03 on Wednesday. The stock’s fifty day moving average price is $14.07 and its two-hundred day moving average price is $12.97. Itochu has a 52-week low of $10.91 and a 52-week high of $15.44.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Itochu from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

About Itochu

ITOCHU Corporation is a Japan-based general trading company, or sogo shosha, that develops and manages businesses across multiple industries. Its activities include the trading, distribution, investment and business development of products and services in areas such as textiles, food, metals and minerals, energy and chemicals, machinery, general products, real estate, information and communications technology, and finance.

The company serves customers and business partners through a global network spanning Japan and international markets.