BNK forecasts KRW 2.34 trillion profit: Hyundai Motor stock faces Q3 pressure

Published on 10/25/2026 at 02:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BNK forecasts KRW 2.34 trillion for Hyundai Motor's third quarter on October 21, 2026. Hyundai Motor stock faces KRW 2.55 trillion consensus.

Earnings pressure and targets

BNK Investment & Securities forecast third-quarter operating profit of KRW 2.34 trillion on October 21, 2026.
Shinhan Securities cut its Hyundai Motor target to KRW 630,000 on October 12, 2026.
Hyundai Motor's market capitalization was KRW 59.8 trillion on October 23, 2026.

Hyundai Motor, KR7005380001, Illustration mit AI erstellt.

Hyundai Motor (KR7005380001) faces a forecast of KRW 2.34 trillion in third-quarter operating profit, 8.50 percent below consensus. On October 21, 2026, BNK Investment & Securities forecast revenue of KRW 44.34 trillion, down 5.10 percent from a year earlier, with operating profit down 7.80 percent.

What does Q3 mean for profit?

The forecast points to a sharp gap between sales and profitability. BNK's operating-profit estimate of KRW 2.34 trillion compares with consensus of KRW 2.55 trillion, while wholesale sales reached 909,000 vehicles in the third quarter. Production disruptions, a parts-supplier fire and strikes were cited as pressures on output.

The Herald Business reported on October 24, 2026, that union strikes and rising raw-material costs were weighing on expected third-quarter earnings. The same report said brokerages had cut targets as low as KRW 410,000, making operating profit the key measure for the next market reaction.

Three target cuts mark the shift

On October 6, 2026, Aju Press reported that NH Investment & Securities reduced its target from KRW 620,000 to KRW 540,000. The brokerage kept its Buy rating and forecast third-quarter operating profit of KRW 2.40 trillion.

On October 12, 2026, The Asia Business Daily reported that Shinhan Securities lowered its target from KRW 780,000 to KRW 630,000. Its third-quarter operating-profit forecast was KRW 2.37 trillion, down 6.40 percent year over year, while fourth-quarter operating profit was forecast at KRW 2.18 trillion.

KRX valuation and investor watchpoints

Hyundai Motor closed at KRW 295,500.00 on the Korea Exchange on October 23, 2026. Its market capitalization was KRW 59.8 trillion, while the 52-week range stood at KRW 249,000.00 to KRW 783,000.00. Investors now have two measurable tests: whether production returns to normal and whether new models improve fourth-quarter volumes.