Business · Companies · 3 hrs ago
SK Securities expects JYP Entertainment to miss third-quarter forecasts
SK Securities expects JYP Entertainment to miss market forecasts for its third-quarter results.
JYP Entertainment is a South Korean music company, and the estimates cover the three months ending in September.
The brokerage forecasts sales of 225.8 billion won, down 2.9% from a year earlier.
It also estimates operating profit at 39.6 billion won, a 2.9% annual decline.
SK Securities cut its target price to 53,000 won from 66,000 won, but kept its Buy rating.
The change reflects the weaker earnings outlook, while the brokerage’s stated recommendation remains positive.
The third-quarter results are expected to come in below market expectations, but no next step is given.
SK Securities expects JYP Entertainment’s third-quarter results to fall below market forecasts.
The brokerage maintained its Buy rating but cut its target price from 66,000 won to 53,000 won.
It estimated third-quarter revenue at 225.8 billion won, down 2.9% from a year earlier.
It also estimated operating profit would fall 2.9% to 396.
JYP Entertainment’s previous closing price was 40,050 won.
- Who
- SK Securities issued the forecast about JYP Entertainment.
- What
- It expects third-quarter results to miss market forecasts and lowered its target price while maintaining its Buy rating.
- When
- October 29, 2026.
- Where
- Not stated.
- Why
- Not stated.
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- Revenue forecast
- 225.8 billion won, down 2.9% year on year
- Operating profit forecast
- 396, down 2.9% year on year
- Target price
- Cut from 66,000 won to 53,000 won
- Investment rating
- Buy, maintained
- Previous closing price
- 40,050 won