Earnings Beat: Benchmark Electronics, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Earnings Beat: Benchmark Electronics, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 7.9% by the end of 2024. This indicates a significant reduction from annual growth of 6.8% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 7.2% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Benchmark Electronics is expected to lag the wider industry. As you might know, Benchmark Electronics, Inc. (NYSE:BHE) just kicked off its latest second-quarter results with some very strong numbers. The company beat forecasts, with revenue of US$666m, some 4.9% above estimates, and statutory earnings per share (EPS) coming in at US$0.43, 28% ahead of expectations. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
就像你们可能知道的那样，Benchmark Electronics, Inc.（纽交所股票代码：BHE）刚刚发布了最新的第二季度业绩，取得了非常强劲的业绩。公司在营业收入上打败了预期，收益达到了6,6600万美元，比预期高出了4.9%，而每股收益也比预期高出了28%，达到了0.43美元。对于投资者而言，这是一个重要的时刻，他们可以在报告中跟踪公司的表现，查看专家对未来的预测，并了解业务预期是否有任何变化。因此，我们收集了最新的法定预测，以了解分析师对明年的预期。
Taking into account the latest results, the current consensus, from the three analysts covering Benchmark Electronics, is for revenues of US$2.64b in 2024. This implies a perceptible 4.0% reduction in Benchmark Electronics' revenue over the past 12 months. Statutory earnings per share are expected to decline 14% to US$1.62 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$2.62b and earnings per share (EPS) of US$1.51 in 2024. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.
考虑到最新业绩，现在涵盖Benchmark Electronics的三位分析师的共识预测是，截至2024年，公司将实现约26.4亿美元的营业收入，与过去12个月相比下降4.0%。法定每股收益预计在同期下降14%，达到1.62美元。在这份收益报告之前，分析师曾预测Benchmark Electronics在2024年的营业收入为26.2亿美元，每股收益为1.51美元。从他们的新每股收益预测来看，分析师似乎对公司更加看好。
The analysts have been lifting their price targets on the back of the earnings upgrade, with the consensus price target rising 10% to US$39.67. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Benchmark Electronics, with the most bullish analyst valuing it at US$46.00 and the most bearish at US$33.00 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
分析师在收益升级的基础上提高了价格目标，共识价格目标上涨了10%，达到39.67美元。查看分析师估值范围也可能是有益的，以评估离群观点与均值之间的差异。Benchmark Electronics存在一些不同的观点，其中最看好的分析师将其估值为46.00美元，最看淡的估值为33.00美元/股。这表明预测数据存在一定差异，但分析师似乎并没有对股票产生全面分歧，认为它可能是成功或失败的情况。
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 7.9% by the end of 2024. This indicates a significant reduction from annual growth of 6.8% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 7.2% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Benchmark Electronics is expected to lag the wider industry.
现在看一下更大的图景，我们可以通过比较过去的业绩和行业增长预测来理解这些预测。这些预测表明营收有望放缓，到2024年底预计年化下降7.9%。这表明较过去5年的年增长率6.8%相比，将出现显著下降。将其与我们的数据进行比较，我们发现，行业内其他公司的营收预计每年将增长7.2%。因此，尽管其营收预计将下降，但这不是银边般的闪亮，Benchmark Electronics预计将落后于整个行业。
The Bottom Line
最重要的事情是分析师增加了它对下一年每股亏损的估计。令人欣慰的是，营收预测未发生重大变化，业务仍有望比整个行业增长更快。共识价格目标稳定在28.50美元，最新估计不足以对价格目标产生影响。
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Benchmark Electronics' earnings potential next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse 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.
我们最大的收获是共识的每股收益升级，这表明市场对Benchmark Electronics明年的盈利能力有了明显的改善。好的一面是，没有主要的营收预测变化。尽管预测表明Benchmark Electronics的表现将不如整个行业，但价格目标有了不错的增长，分析师明显感到公司的内在价值正在提高。
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Benchmark Electronics going out to 2025, 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更重要。我们对Benchmark Electronics的预测一直持续到2025年，您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 Benchmark Electronics that you should be aware of.
然而，在您过于兴奋之前，我们发现了一项Benchmark Electronics的警告信号，您应该知道。
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有任何反馈？对内容有任何疑虑？请直接与我们联系。或者，发送电子邮件至editorial-team@simplywallst.com。