Guangzhou Guanggang Gases & Energy Co.,Ltd. Just Missed EPS By 23%: Here's What Analysts Think Will Happen Next
Guangzhou Guanggang Gases & Energy Co.,Ltd. Just Missed EPS By 23%: Here's What Analysts Think Will Happen Next
It's shaping up to be a tough period for Guangzhou Guanggang Gases & Energy Co.,Ltd. (SHSE:688548), which a week ago released some disappointing quarterly results that could have a notable impact on how the market views the stock. Unfortunately, Guangzhou Guanggang Gases & EnergyLtd delivered a serious earnings miss. Revenues of CN¥512m were 14% below expectations, and statutory earnings per share of CN¥0.05 missed estimates by 23%. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
对于广州广刚气体能源股份有限公司(SHSE:688548)来说,这是一个艰难的时期。一周前发布的季度业绩令人失望,可能会对市场对该股的看法产生显著影响。遗憾的是,广州广刚气体能源股份有限公司的业绩大大低于预期。51200万人民币的营业收入比预期低14%,每股收益人民币0.05元比预期低23%。这是投资者重要的观察公司表现、查看专业人士对未来一年的预测以及了解业务预期是否有变化的时期。我们认为,读者会发现分析师对明年(法定)后收益的最新预测很有趣。
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Taking into account the latest results, the consensus forecast from Guangzhou Guanggang Gases & EnergyLtd's five analysts is for revenues of CN¥2.14b in 2024. This reflects a notable 12% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 5.8% to CN¥0.24. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥2.21b and earnings per share (EPS) of CN¥0.27 in 2024. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a substantial drop in earnings per share estimates.
考虑到最新的业绩,广州广刚气体能源股份有限公司的五位分析师预测,2024年收入将达到21.4亿元,相对于过去12个月的收入有明显的12%增长。每股收益预计将上升5.8%至人民币0.24元。然而,在最新收益之前,分析师们曾预测2024年的营业收入为22.1亿元,每股收益为0.27元。从这个角度来看,最新业绩表明,市场情绪肯定变得更加熊,导致营收预测降低,每股收益估计大幅下跌。
The consensus price target fell 9.4% to CN¥11.10, with the weaker earnings outlook clearly leading valuation estimates. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Guangzhou Guanggang Gases & EnergyLtd at CN¥12.20 per share, while the most bearish prices it at CN¥10.00. This is a very narrow spread of estimates, implying either that Guangzhou Guanggang Gases & EnergyLtd is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
共识目标价下降9.4%至人民币11.10元,业绩前景疲软的前景明显导致估值预期下降。然而,还可以从这些数据中得出其他结论,因为一些投资者还喜欢在评估分析师价格目标时考虑估计的涨跌幅。目前,最看好的分析师将广州广刚气体能源股份有限公司的估值价值定为人民币12.20元,而最看淡的价格为人民币10.00元。这是一个非常狭窄的估计范围,意味着广州广刚气体能源股份有限公司要么是一家易于估值的公司,要么更可能是分析师严重依赖一些关键的假设。
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 Guangzhou Guanggang Gases & EnergyLtd's rate of growth is expected to accelerate meaningfully, with the forecast 25% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 8.2% over the past year. Compare this with other companies in the same industry, which are forecast to grow their revenue 15% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Guangzhou Guanggang Gases & EnergyLtd is expected to grow much faster than its industry.
从大图上看,我们可以通过比较这些预测与历史表现和行业增长预测来理解它们的意义。从最新的预测中可以明显看出,广州广刚气体能源股份有限公司的增长速度有望明显加速,预计到2024年末年化收入增长率将达到25%,远高于其过去一年的增长率8.2%。将其与同行业其他公司相比,预计后者的收入将每年增长15%。考虑到营收的预计加速增长,广州广刚气体能源股份有限公司的增长速度明显比同行业要快得多。
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 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. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Guangzhou Guanggang Gases & EnergyLtd's future valuation.
最重要的是分析师下调了每股收益的估计,显示出这些业绩之后情绪明显下降。不幸的是,他们也下调了营业收入的预期,但最新预测仍然表明该公司的业务增长速度将快于整个行业。共识目标价明显下降,分析师似乎并不对最新业绩感到放心,导致对广州广刚气体能源股份有限公司未来估值的预计下降。
With that in mind, we wouldn't be too quick to come to a conclusion on Guangzhou Guanggang Gases & EnergyLtd. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Guangzhou Guanggang Gases & EnergyLtd analysts - going out to 2026, and you can see them free on our platform here.
考虑到这一点,我们不会太快得出对广州广刚气体能源股份有限公司的结论。长期的盈利能力比明年的利润更加重要。我们有多个广州广刚气体能源股份有限公司的分析师提供了2026年的预测,您可以在此免费查看。
However, before you get too enthused, we've discovered 2 warning signs for Guangzhou Guanggang Gases & EnergyLtd (1 can't be ignored!) that you should be aware of.
但是,在您兴高采烈之前,我们已发现广州广刚气体能源股份有限公司的两个警告信号(其中一个不容忽视!),您应该注意。
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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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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。