Shanghai Pret Composites Co., Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
Shanghai Pret Composites Co., Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
Shareholders might have noticed that Shanghai Pret Composites Co., Ltd. (SZSE:002324) filed its first-quarter result this time last week. The early response was not positive, with shares down 4.7% to CN¥10.19 in the past week. Revenues were CN¥1.9b, 22% shy of what the analysts were expecting, although statutory earnings of CN¥0.45 per share were roughly in line with 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
股东们可能已经注意到,上海普瑞特复合材料有限公司(SZSE:002324)上周这个时候公布了第一季度业绩。早期的反应并不乐观,过去一周股价下跌4.7%,至10.19元人民币。尽管每股0.45元人民币的法定收益与预期大致一致,但收入为19亿元人民币,比分析师的预期低22%。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 most recent consensus for Shanghai Pret Composites from four analysts is for revenues of CN¥11.0b in 2024. If met, it would imply a huge 26% increase on its revenue over the past 12 months. Per-share earnings are expected to bounce 24% to CN¥0.50. In the lead-up to this report, the analysts had been modelling revenues of CN¥14.2b and earnings per share (EPS) of CN¥0.70 in 2024. It looks like sentiment has declined substantially in the aftermath of these results, with a large cut to revenue estimates and a large cut to earnings per share numbers as well.
考虑到最新业绩,四位分析师对上海普瑞特复合材料公司的最新共识是,2024年的收入为110亿元人民币。如果得到满足,这意味着其收入在过去12个月中将大幅增长26%。每股收益预计将反弹24%,至0.50元人民币。在本报告发布之前,分析师一直在模拟2024年的收入为142亿元人民币,每股收益(EPS)为0.70元人民币。这些业绩公布后,市场情绪似乎已大幅下降,收入预期大幅下调,每股收益数字也大幅下调。
It'll come as no surprise then, to learn that the analysts have cut their price target 24% to CN¥11.80.
因此,得知分析师已将目标股价下调24%至11.80元人民币也就不足为奇了。
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 Shanghai Pret Composites' growth to accelerate, with the forecast 36% annualised growth to the end of 2024 ranking favourably alongside historical growth of 21% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 16% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Shanghai Pret Composites 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。分析师们肯定预计上海普瑞特复合材料的增长将加速,预计到2024年底的年化增长率为36%,而过去五年的历史年增长率为21%。相比之下,同行业的其他公司预计收入每年将增长16%。显而易见,尽管增长前景比最近更加光明,但分析师也预计,上海普瑞特复合材料的增长速度将超过整个行业。
The Bottom Line
底线
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Shanghai Pret Composites. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will 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.
最大的担忧是,分析师下调了每股收益预期,这表明上海普瑞复合材料公司可能会面临业务不利因素。遗憾的是,他们还下调了收入预期,但最新的预测仍然表明该业务的增长速度将超过整个行业。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. At Simply Wall St, we have a full range of analyst estimates for Shanghai Pret Composites 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。在Simply Wall St,我们有分析师对上海普瑞特复合材料公司到2026年的全方位估计,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 Shanghai Pret Composites you should know about.
那风险呢?每家公司都有它们,我们发现了两个你应该知道的上海普瑞复合材料警告标志。
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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。