Results: Focus Lightings Tech Co., Ltd. Exceeded Expectations And The Consensus Has Updated Its Estimates
Results: Focus Lightings Tech Co., Ltd. Exceeded Expectations And The Consensus Has Updated Its Estimates
Focus Lightings Tech Co., Ltd. (SZSE:300708) investors will be delighted, with the company turning in some strong numbers with its latest results. It was overall a positive result, with revenues beating expectations by 2.8% to hit CN¥2.5b. Focus Lightings Tech reported statutory earnings per share (EPS) CN¥0.21, which was a notable 11% above what the analysts had forecast. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
福克斯照明科技股份有限公司(深圳证券交易所代码:300708)的投资者将感到高兴,该公司的最新业绩带来了一些强劲的数字。总体而言,这是一个积极的结果,收入比预期高出2.8%,达到25亿元人民币。焦点照明科技公布的法定每股收益(EPS)为0.21元人民币,明显比分析师的预测高出11%。对于投资者来说,盈利是一个重要时刻,因为他们可以追踪公司的业绩,查看分析师对明年的预测,看看对公司的情绪是否发生了变化。因此,我们收集了最新的财报后法定共识估计,以了解明年可能会发生什么。
Check out our latest analysis for Focus Lightings Tech
查看我们对 Focus Lightings Tech 的最新分析
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After the latest results, the three analysts covering Focus Lightings Tech are now predicting revenues of CN¥2.82b in 2024. If met, this would reflect a meaningful 14% improvement in revenue compared to the last 12 months. Per-share earnings are expected to ascend 16% to CN¥0.21. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥2.83b and earnings per share (EPS) of CN¥0.27 in 2024. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a pretty serious reduction to EPS estimates.
在最新业绩公布后,报道福克斯照明科技的三位分析师现在预测2024年的收入为28.2亿元人民币。如果得到满足,这将反映出收入与过去12个月相比显著增长了14%。每股收益预计将增长16%,至0.21元人民币。然而,在最新财报公布之前,分析师曾预计2024年的收入为28.3亿元人民币,每股收益(EPS)为0.27元人民币。最新业绩公布后,分析师似乎变得更加看跌。尽管收入预测没有变化,但每股收益的估计却大幅下降。
The average price target fell 7.2% to CN¥12.30, with reduced earnings forecasts clearly tied to a lower valuation estimate. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Focus Lightings Tech at CN¥12.60 per share, while the most bearish prices it at CN¥12.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
平均目标股价下跌7.2%,至12.30元人民币,收益预期的下调显然与估值估计值的降低有关。但是,固定单一价格目标可能是不明智的,因为共识目标实际上是分析师目标股价的平均值。因此,一些投资者喜欢查看估计范围,看看对公司的估值是否有任何分歧。目前,最看涨的分析师对Focus Lightings Tech的估值为每股12.60元人民币,而最看跌的分析师估值为12.00元人民币。由于估值范围如此狭窄,分析师显然对他们认为的业务价值有相似的看法。
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that Focus Lightings Tech's revenue growth is expected to slow, with the forecast 14% annualised growth rate until the end of 2024 being well below the historical 23% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 24% per year. Factoring in the forecast slowdown in growth, it seems obvious that Focus Lightings Tech is also expected to grow slower than other industry participants.
了解这些预测的更多背景信息的一种方法是研究它们与过去的业绩相比如何,以及同一行业中其他公司的表现。我们要强调的是,Focus Lightings Tech的收入增长预计将放缓,预计到2024年底的年化增长率为14%,远低于过去五年中历史上23%的年增长率。相比之下,该行业中其他有分析师报道的公司的收入预计将以每年24%的速度增长。考虑到预期的增长放缓,很明显,预计Focus Lightings Tech的增长速度也将低于其他行业参与者。
The Bottom Line
底线
The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Focus Lightings Tech's future valuation.
要了解的最重要的一点是,分析师下调了每股收益的预期,这表明公布这些业绩后,市场情绪明显下降。从好的方面来看,收入估计没有重大变化;尽管预测表明它们的表现将比整个行业差。共识目标股价大幅下降,最新业绩似乎并未让分析师放心,这导致对Focus Lightings Tech未来估值的估计降低。
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Focus Lightings Tech going out to 2026, and you can see them free on our platform here.
根据这种思路,我们认为该业务的长期前景比明年的收益重要得多。我们对Focus Lightings Tech的预测将持续到2026年,你可以在我们的平台上免费查看。
And what about risks? Every company has them, and we've spotted 2 warning signs for Focus Lightings Tech you should know about.
那风险呢?每家公司都有它们,我们已经发现了两个你应该知道的Focus Lightings Tech警告标志。
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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,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本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型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。