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LG Display Co. (LPL)
NYSE:LPL
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.07Last Year’s EPS
$0.05Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: -14.85%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected both positive and negative aspects. While OLED business growth and strategic plans were highlighted, challenges such as operating losses due to one-off expenses and declines in IT segment revenue were also discussed. Overall, the sentiment is balanced, with progress in key initiatives being offset by ongoing market challenges.Company Guidance
During LG Display's Q3 2024 earnings call, the company provided detailed guidance on several financial metrics and strategic initiatives. The revenue for the third quarter was KRW 6,821.3 trillion, representing a 2% quarter-over-quarter (Q-over-Q) growth, and a notable 43% year-over-year (Y-over-Y) increase, driven by a rise in small panel shipments, including smartphone panels. Despite an operating loss of KRW 80.6 billion, which included a one-off expense over KRW 100 billion related to an ERP program, there was a significant profitability improvement Y-over-Y. The area shipment declined by 3% Q-over-Q but grew 32% Y-over-Y, while the average selling price (ASP) per square meter increased by 6% Q-over-Q to $825. The company's product revenue mix showed mobile and others accounting for 36% of revenues, with OLED's share of total revenue reaching 58%, up 16 percentage points Y-over-Y. Looking forward, LG Display expects mid-single-digit percent growth in shipments for TV and notebook PC panels, with a similar rise anticipated in ASP per square meter for Q4. The company also plans to focus on OLED-centric structural upgrades, operational efficiency gains, and strategic investments to strengthen business fundamentals and drive profitability amidst ongoing market uncertainties.Revenue and Growth
Q3 revenue posted KRW 6,821.3 trillion, recording 2% Q-over-Q growth and 43% year-over-year growth due to the impact of OLED centric business portfolio transition.
OLED Business Success
OLED share of total revenue increased 16 percentage points year-over-year and 6 percentage points Q-over-Q, reaching 58%, indicating a successful transition to an OLED centric business structure.
Small Panel Shipment Increase
Small panel shipments, including smartphone panels, rose, positively impacting Q3 results.
Strategic Plans for OLED
Plans to further expand OLED capabilities, particularly in mobile and large OLED segments, focusing on high-end products and operational efficiency improvements.
Improvement in Financial Position
Improved financial position and cash flow generation capabilities, with cash and cash equivalents amounting to KRW 2 trillion.
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LPL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LPL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $3.77 | $3.86 | +2.39% |
| Jul 25, 2024 | $4.46 | $4.36 | -2.24% |
| Apr 25, 2024 | $4.05 | $3.96 | -2.22% |
| Jan 24, 2024 | $5.17 | $5.14 | -0.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does LG Display Co. (LPL) report earnings?
LG Display Co. (LPL) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is LG Display Co. (LPL) earnings time?
LG Display Co. (LPL) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LPL EPS forecast?
LPL EPS forecast for the fiscal quarter 2024 (Q4) is $0.07.
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