Komatsu Ltd. [KMTUY] Stock Forecast

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.

Komatsu has been handily beating expectations, and recently raised guidance by a meaningful amount, but the share price reaction has been muted. Management expects demand to flatten in most of its major markets, suggesting a near-term peak in the construction business, while mining looks stronger.

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.

Komatsu Ltd. (OTCPK:KMTUY) Q1 2022 Results Conference Call July 29, 2022 2:00 AM ET Company Participants Masatoshi Morishita - Director, CTO Takeshi Horikoshi - CFO Conference Call Participants Hirokazu Miyagi - Mizuho Securities Kentaro Maekawa - Nomura Securities Tsubasa Sasaki - Mitsubishi UFJ Morgan Stanley Securities Yuichiro Isayama - Goldman Sachs Takeshi Horikoshi This is Horikoshi, CFO, I will explain the business results for the first quarter of FY 2022.

Upbeat demand in end-markets, cost-control efforts and investment in digital initiatives are likely to aid the Zacks Manufacturing - Construction and Mining industry players like CAT, KMTUY and TEX.

Komatsu Ltd. (KMTUY) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately.

Solid end-market demand, gains from cost-control efforts and investment in digital initiatives are likely to aid the Zacks Manufacturing - Construction and Mining industry players like CAT, KMTUY and HEES.

Komatsu has strung together several stronger-than-expected quarters, and end-market demand in construction and mining is improving outside of China, but the stock hasn't responded.

Here is how Komatsu Ltd. (KMTUY) and Agco (AGCO) have performed compared to their sector so far this year.

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