HEICO Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
HEICO Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
HEICO Corporation (NYSE:HEI) shareholders are probably feeling a little disappointed, since its shares fell 2.7% to US$194 in the week after its latest quarterly results. Revenues were US$896m, approximately in line with expectations, although statutory earnings per share (EPS) performed substantially better. EPS of US$0.82 were also better than expected, beating analyst predictions by 10%. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on HEICO after the latest results.
HEICO公司(纽约证券交易所代码:HEI)的股东可能会感到有些失望,因为其股价在公布最新季度业绩后的一周内下跌了2.7%,至194美元。尽管法定每股收益(EPS)表现要好得多,但收入为8.96亿美元,大致符合预期。每股收益为0.82美元,也好于预期,比分析师的预测高出10%。对于投资者来说,这是一个重要时刻,因为他们可以在报告中追踪公司的业绩,看看专家对明年的预测,看看对该业务的预期是否有任何变化。读者会很高兴得知我们已经汇总了最新的法定预测,以了解分析师在最新业绩公布后是否改变了对HEICO的看法。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240303/0-1988954ce3435b4a2b3a5f133814f3c5-0-76b1d9dd1bcd80f38013677dea9cdf7c.png/big)
Taking into account the latest results, the current consensus from HEICO's 17 analysts is for revenues of US$3.88b in 2024. This would reflect a decent 20% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to climb 14% to US$3.50. Before this earnings report, the analysts had been forecasting revenues of US$3.83b and earnings per share (EPS) of US$3.48 in 2024. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
考虑到最新业绩,HEICO的17位分析师目前的共识是,2024年的收入为38.8亿美元。这将反映其在过去12个月中收入可观地增长了20%。预计每股法定收益将增长14%,至3.50美元。在本财报发布之前,分析师一直预测2024年的收入为38.3亿美元,每股收益(EPS)为3.48美元。因此,很明显,尽管分析师已经更新了估计,但在最新业绩公布后,对该业务的预期没有重大变化。
There were no changes to revenue or earnings estimates or the price target of US$207, suggesting that the company has met expectations in its recent result. 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. There are some variant perceptions on HEICO, with the most bullish analyst valuing it at US$236 and the most bearish at US$170 per share. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await HEICO shareholders.
收入或收益预期或207美元的目标股价没有变化,这表明该公司最近的业绩达到了预期。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。对HEICO有一些不同的看法,最看涨的分析师将其估值为236美元,最看跌的为每股170美元。分析师对该业务的看法肯定各不相同,但我们认为,估计的分歧还不够广泛,不足以表明HEICO股东可能会有极端的结果。
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's clear from the latest estimates that HEICO's rate of growth is expected to accelerate meaningfully, with the forecast 27% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 8.8% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 6.5% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect HEICO to grow faster than the wider industry.
从现在的大局来看,我们可以理解这些预测的方法之一是看看它们如何与过去的业绩和行业增长预期相比较。从最新估计中可以明显看出,HEICO的增长率预计将大幅加快,预计到2024年底的年化收入增长率为27%,明显快于过去五年中每年8.8%的历史增长。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)的收入将以每年6.5%的速度增长。显而易见,尽管增长前景比最近更加光明,但分析师也预计HEICO的增长速度将超过整个行业。
The Bottom Line
底线
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
要了解的最重要的一点是,市场情绪没有重大变化,分析师再次确认该业务的表现与他们先前的每股收益预期一致。令人高兴的是,收入预测没有重大变化,预计该业务的增长速度仍将快于整个行业。共识目标股价没有实际变化,这表明该业务的内在价值与最新估计相比没有发生任何重大变化。
With that in mind, we wouldn't be too quick to come to a conclusion on HEICO. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple HEICO analysts - going out to 2026, and you can see them free on our platform here.
考虑到这一点,我们不会很快就HEICO得出结论。长期盈利能力比明年的利润重要得多。根据多位HEICO分析师的估计,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 1 warning sign for HEICO you should know about.
那风险呢?每家公司都有它们,我们发现了一个你应该知道的HEICO警告标志。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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。