Hero MotoCorp operating profit may lag estimates

Reuters
A worker cleans a bike inside a Hero MotoCorp showroom in Mumbai
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A worker cleans a bike inside a Hero MotoCorp showroom in Mumbai January 17, 2013. REUTERS/Danish Siddiqui/Files

Reuters Market Eye - Hero MotoCorp Ltd (NSI:HEROMOTOCO) may miss the consensus operating profit forecast for the July-September quarter when it reports results on Wednesday, according to Thomson Reuters StarMine data.

StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Hero MotoCorp to report an operating profit of 7.20 billion rupees for the quarter, compared with a consensus mean estimate of 7.60 billion rupees.

Hero MotoCorp shares are down 1.4 percent at 1122 am.

(Reporting by Abhishek Vishnoi)

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