ORIX Corp reports results for the quarter ended March 31 - Earnings Summary

• ORIX Corp 8591 reported quarterly adjusted earnings of JPY70.28​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of JPY110.15. The lone analyst forecast for the quarter was for earnings of JPY94.58 per share.

• Revenue fell 7.2% to JPY720.34 billion from a year ago; analysts expected JPY779.85 billion.

• ORIX Corp's reported EPS for the quarter was JPY70.28​.

• The company reported quarterly net income of JPY79.85 billion.

• ORIX Corp shares had fallen by 5.3% this quarter and lost 14.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the consumer lending peer group is also "buy"

• Wall Street's median 12-month price target for ORIX Corp is JPY3,800.00

This summary was machine generated from LSEG data May 12 at 02:30 p.m. UTC. ​All figures in yen unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)