Impressive Earnings May Not Tell The Whole Story For Spok Holdings (NASDAQ:SPOK)
Impressive Earnings May Not Tell The Whole Story For Spok Holdings (NASDAQ:SPOK)
Despite posting some strong earnings, the market for Spok Holdings, Inc.'s (NASDAQ:SPOK) stock hasn't moved much. We did some digging, and we found some concerning factors in the details.
尽管公布了强劲的收益,但市场 Spok Holdings, Inc. 's 纳斯达克股票代码:SPOK)的股票涨幅不大。我们做了一些挖掘,在细节中发现了一些令人担忧的因素。
View our latest analysis for Spok Holdings
查看我们对Spok Holdings的最新分析
![earnings-and-revenue-history](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231102/0-baf9d9022e2be025bc76396b6b7cf990-0-9952708ef16ded2ecd927573afb39c22.png/big)
An Unusual Tax Situation
不寻常的税收状况
We can see that Spok Holdings received a tax benefit of US$15m. This is of course a bit out of the ordinary, given it is more common for companies to be paying tax than receiving tax benefits! Of course, prima facie it's great to receive a tax benefit. And since it previously lost money, it may well simply indicate the realisation of past tax losses. However, our data indicates that tax benefits can temporarily boost statutory profit in the year it is booked, but subsequently profit may fall back. Assuming the tax benefit is not repeated every year, we could see its profitability drop noticeably, all else being equal. So while we think it's great to receive a tax benefit, it does tend to imply an increased risk that the statutory profit overstates the sustainable earnings power of the business.
我们可以看到,Spok Holdings获得了1500万美元的税收优惠。这当然有点不寻常,因为公司纳税比获得税收优惠更为普遍!当然, 初步证实 能获得税收优惠真是太好了。而且,由于它以前曾蒙受过损失,因此很可能仅表明过去的税收损失已经实现。但是,我们的数据表明,税收优惠可以在登记当年暂时增加法定利润,但随后的利润可能会回落。假设税收优惠不是每年都重演,那么在其他条件相同的情况下,我们可以看到其盈利能力明显下降。因此,尽管我们认为获得税收优惠是件好事,但这往往意味着法定利润夸大了企业可持续盈利能力的风险增加。
That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.
这可能会让你想知道分析师对未来盈利能力的预测。幸运的是,您可以单击此处查看根据他们的估计描绘未来盈利能力的交互式图表。
Our Take On Spok Holdings' Profit Performance
我们对Spok Holdings盈利表现的看法
In its most recent report, Spok Holdings disclosed a tax benefit, as we discussed above. Given that sort of benefit is not recurring, it's safe to say the statutory profit overstates its underlying profitability quite significantly. As a result, we think it may well be the case that Spok Holdings' underlying earnings power is lower than its statutory profit. The good news is that it earned a profit in the last twelve months, despite its previous loss. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. If you'd like to know more about Spok Holdings as a business, it's important to be aware of any risks it's facing. Case in point: We've spotted 2 warning signs for Spok Holdings you should be mindful of and 1 of them shouldn't be ignored.
如上所述,Spok Holdings在其最新报告中披露了一项税收优惠。鉴于这种福利不是经常性的,可以肯定地说,法定利润大大夸大了其潜在的盈利能力。因此,我们认为Spok Holdings的基础盈利能力很可能低于其法定利润。好消息是,尽管之前出现亏损,但它在过去十二个月中还是实现了盈利。本文的目的是评估我们可以多大程度地依靠法定收益来反映公司的潜力,但还有很多需要考虑的地方。如果您想进一步了解Spok Holdings作为一家企业,请务必意识到其面临的任何风险。一个很好的例子:我们发现了 Spok Holdings 有 2 个警告标志 你应该注意其中一个不容忽视。
This note has only looked at a single factor that sheds light on the nature of Spok Holdings' profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying to be useful.
这份报告仅研究了揭示Spok Holdings利润性质的单一因素。但是,还有很多其他方法可以告知你对公司的看法。例如,许多人认为高股本回报率表明商业经济状况良好,而另一些人则喜欢 “追随资金”,寻找内部人士正在购买的股票。虽然可能需要为你做一些研究,但你可能会发现这一点 免费的 一系列拥有高股本回报率的公司,或者这份内部人士为了有用而买入的股票清单。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Simply Wall St的这篇文章本质上是笼统的。 我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。