Business · Companies · 1 hr ago
LG Display’s Third-Quarter Profit Forecast Falls Short of Expectations
Daishin Securities expects LG Display’s third-quarter operating profit to miss market expectations, forecasting 245.1 billion won.
LG Display is a South Korean display maker, and the forecast reflects weaker sales conditions for technology products.
A lower average won-to-dollar exchange rate and softer demand are expected to weigh on revenue and profit.
The securities firm also lowered its price target, but the article’s wording conflicts with the figures it gives for the change.
The firm expects second-half operating profit to reach 501.3 billion won, a large increase from the first half.
It says a larger share of OLED sales and lower fixed costs could support that improvement.
The earnings outlook remains mixed, with third-quarter weakness alongside a stronger second-half forecast.
Daishin Securities forecasts LG Display’s third-quarter operating profit at 245.1 billion won, below market expectations.
The forecast is 5.7% lower than a year earlier and below the market estimate of 300.3 billion won.
The brokerage cites a lower average won-dollar exchange rate and slower demand for IT devices as pressures on revenue and profit.
It raised its target price from 12,000 won to 15,000 won.
Daishin expects second-half operating profit to reach 501.3 billion won, supported by a higher OLED sales share and lower fixed-cost burdens.
- Who
- LG Display and Daishin Securities, which issued the forecast.
- What
- Daishin forecast third-quarter operating profit of 245.1 billion won, below market expectations, and raised its target price to 15,000 won.
- When
- The forecast concerns the third quarter of 2026; the article was published on October 19, 2026.
- Where
- Not stated.
- Why
- A lower average won-dollar exchange rate and slower IT-device demand were cited as weighing on revenue and profit.
This story does not have two clearly opposing sides.
Daishin forecast LG Display operating profit of 245.1 billion won, below the market estimate of 300.3 billion won.
Maeil Business reported the forecast and Daishin’s target-price change.
- Third-quarter operating profit forecast
- 245.1 billion won
- Market estimate
- 300.3 billion won
- Year-on-year change
- Down 5.7%
- Target price
- Raised from 12,000 won to 15,000 won
- Second-half operating profit forecast
- 501.3 billion won