Western Superconducting Technologies Co., Ltd. Just Missed EPS By 15%: Here's What Analysts Think Will Happen Next
Western Superconducting Technologies Co., Ltd. Just Missed EPS By 15%: Here's What Analysts Think Will Happen Next
Last week, you might have seen that Western Superconducting Technologies Co., Ltd. (SHSE:688122) released its full-year result to the market. The early response was not positive, with shares down 2.3% to CN¥36.82 in the past week. Revenues were in line with forecasts, at CN¥4.2b, although statutory earnings per share came in 15% below what the analysts expected, at CN¥1.16 per share. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
上周,你可能已经看到西方超导技术有限公司(SHSE: 688122)向市场发布了全年业绩。早期的反应并不乐观,过去一周股价下跌2.3%,至36.82元人民币。收入与预期一致,为42亿元人民币,尽管法定每股收益比分析师预期的每股1.16元人民币低15%。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。因此,我们收集了最新的财报后预测,以了解估计对明年的预测。
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Taking into account the latest results, the current consensus from Western Superconducting Technologies' six analysts is for revenues of CN¥5.86b in 2024. This would reflect a huge 41% increase on its revenue over the past 12 months. Per-share earnings are expected to jump 57% to CN¥1.81. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥5.93b and earnings per share (EPS) of CN¥1.91 in 2024. The analysts seem to have become a little more negative on the business after the latest results, given the small dip in their earnings per share numbers for next year.
考虑到最新业绩,西方超导科技的六位分析师目前的共识是,2024年的收入为58.6亿元人民币。这将反映其收入在过去12个月中大幅增长了41%。每股收益预计将增长57%,至1.81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59.3亿元人民币,每股收益(EPS)为1.91元人民币。鉴于明年每股收益略有下降,分析师在最新业绩公布后似乎对该业务变得更加消极了。
It might be a surprise to learn that the consensus price target fell 11% to CN¥51.49, with the analysts clearly linking lower forecast earnings to the performance of the stock price. 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. The most optimistic Western Superconducting Technologies analyst has a price target of CN¥59.56 per share, while the most pessimistic values it at CN¥43.42. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.
得知共识目标股价下跌11%,至51.49元人民币,这可能会令人惊讶,分析师明确将较低的预测收益与股价表现联系起来。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。最乐观的西方超导技术分析师将目标股价定为每股59.56元人民币,而最悲观的分析师则将其估值为43.42元人民币。如你所见,分析师对该股的未来并不完全一致,但估计范围仍然相当狭窄,这可能表明结果并非完全不可预测。
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. The analysts are definitely expecting Western Superconducting Technologies' growth to accelerate, with the forecast 41% annualised growth to the end of 2024 ranking favourably alongside historical growth of 28% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 10% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Western Superconducting Technologies is expected to grow much faster than its 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。分析师们肯定预计,西方超导科技的增长将加速,预计到2024年底的年化增长率为41%,而过去五年的历史年增长率为28%。相比之下,同行业的其他公司预计收入每年将增长10%。考虑到收入增长的预测,很明显,西方超导技术公司的增长速度预计将比其行业快得多。
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. 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. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.
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。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。此外,分析师还下调了目标股价,这表明最新消息加剧了人们对业务内在价值的悲观情绪。
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Western Superconducting Technologies analysts - going out to 2026, and you can see them free on our platform here.
话虽如此,公司收益的长期轨迹比明年重要得多。根据多位西方超导科技分析师的估计,到2026年,你可以在我们的平台上免费查看。
However, before you get too enthused, we've discovered 1 warning sign for Western Superconducting Technologies that you should be aware of.
但是,在你变得太热情之前,我们已经发现了西方超导科技的1个警告信号,你应该注意这一点。
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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。