Construction Partners, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Construction Partners, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
The quarterly results for Construction Partners, Inc. (NASDAQ:ROAD) were released last week, making it a good time to revisit its performance. It looks like a credible result overall - although revenues of US$397m were what the analysts expected, Construction Partners surprised by delivering a (statutory) profit of US$0.19 per share, an impressive 46% above what was forecast. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
建筑伙伴公司(纳斯达克股票代码:ROAD)的季度业绩于上周公布,现在是重新审视其业绩的好时机。总体而言,这似乎是一个可信的业绩——尽管分析师预期的收入为3.97亿美元,但建筑合伙人惊讶地实现了每股0.19美元的(法定)利润,比预期高出46%。根据结果,分析师更新了他们的盈利模式,很高兴知道他们是否认为公司的前景发生了巨大变化,或者业务是否照旧。根据这些结果,我们收集了最新的法定预测,以了解分析师是否改变了盈利模式。
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Following the latest results, Construction Partners' six analysts are now forecasting revenues of US$1.80b in 2024. This would be a decent 11% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to bounce 24% to US$1.34. In the lead-up to this report, the analysts had been modelling revenues of US$1.79b and earnings per share (EPS) of US$1.28 in 2024. So the consensus seems to have become somewhat more optimistic on Construction Partners' earnings potential following these results.
根据最新业绩,建筑伙伴的六位分析师现在预测2024年的收入为18.0亿美元。与过去12个月相比,这将使收入大幅增长11%。预计每股法定收益将反弹24%,至1.34美元。在本报告发布之前,分析师一直在模拟2024年的收入为17.9亿美元,每股收益(EPS)为1.28美元。因此,在这些业绩公布后,人们对建筑合伙人的盈利潜力的共识似乎变得更加乐观了。
The analysts have been lifting their price targets on the back of the earnings upgrade, with the consensus price target rising 6.4% to US$50.00. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Construction Partners analyst has a price target of US$57.00 per share, while the most pessimistic values it at US$45.00. This is a very narrow spread of estimates, implying either that Construction Partners is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
在收益上调的背景下,分析师一直在提高目标股价,共识目标股价上涨6.4%,至50.00美元。但是,还有另一种思考价格目标的方法,那就是研究分析师提出的价格目标范围,因为范围广泛的估计可能表明,对业务可能的结果有不同的看法。最乐观的建筑伙伴分析师将目标股价定为每股57.00美元,而最悲观的分析师则将其估值为45.00美元。这与估计值的差异非常小,这意味着Construction Partners是一家易于估值的公司,或者(更有可能)分析师严重依赖一些关键假设。
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 can infer from the latest estimates that forecasts expect a continuation of Construction Partners'historical trends, as the 15% annualised revenue growth to the end of 2024 is roughly in line with the 18% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 7.4% per year. So although Construction Partners is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.
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。我们可以从最新估计中推断,预测预计建筑合作伙伴的历史趋势将延续,因为到2024年底的15%的年化收入增长与过去五年18%的年增长率大致一致。相比之下,我们的数据表明,预计类似行业的其他公司(有分析师报道)的收入每年将增长7.4%。因此,尽管预计Construction Partners将保持其收入增长率,但其增长速度肯定会超过整个行业。
The Bottom Line
底线
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Construction Partners following these results. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.
这里最重要的是,分析师上调了每股收益的预期,这表明在这些业绩公布后,对建筑合作伙伴的乐观情绪明显增强。幸运的是,他们还再次确认了收入数字,表明收入符合预期。此外,我们的数据表明,收入的增长速度预计将快于整个行业。目标股价也大幅提高,分析师显然认为该业务的内在价值正在提高。
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. At Simply Wall St, we have a full range of analyst estimates for Construction Partners going out to 2025, 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。在Simply Wall St,我们有分析师对2025年建筑合作伙伴的全方位估计,你可以在我们的平台上免费看到这些估计。
And what about risks? Every company has them, and we've spotted 2 warning signs for Construction Partners you should know about.
那风险呢?每家公司都有它们,我们已经为建筑合作伙伴发现了两个你应该知道的警告标志。
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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。