Materialise NV Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Materialise NV Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
It's been a good week for Materialise NV (NASDAQ:MTLS) shareholders, because the company has just released its latest quarterly results, and the shares gained 4.3% to US$6.13. Revenues were €69m, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at €0.07, an impressive 75% ahead of estimates. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
这对Materialise NV (纳斯达克:MTLS)股东来说是一个不错的一周,因为该公司刚刚发布了最新季度财报,股价上涨了4.3%,达到了6.13美元。尽管收入为6900万欧元,与分析师的预期基本相符,但每股收益(EPS)远远超出预期,达到0.07欧元,比预期高出75%。针对这一结果,分析师已经更新了他们的收益模型,需要了解他们是否认为公司的前景发生了很大的变化,还是依旧按照业务模式运营。因此,我们已经收集到了最新的法规预测,看看分析师对明年的预期。
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After the latest results, the three analysts covering Materialise are now predicting revenues of €269.8m in 2024. If met, this would reflect a credible 4.6% improvement in revenue compared to the last 12 months. Per-share earnings are expected to surge 35% to €0.25. Yet prior to the latest earnings, the analysts had been anticipated revenues of €269.4m and earnings per share (EPS) of €0.19 in 2024. There was no real change to the revenue estimates, but the analysts do seem more bullish on earnings, given the considerable lift to earnings per share expectations following these results.
在最新财报发布后,覆盖Materialise的三位分析师预测2024年营收将达到26980万欧元。如果达成,这将反映出与过去12个月相比,营业收入实现了可靠的4.6%增长。每股收益预计猛增35%,达到0.25欧元。然而,在最新收益数据发布之前,分析师们预测2024年的营收为26940万欧元,每股收益(EPS)为0.19欧元。营收预期没有真正改变,但考虑到这些收益数据后每股收益预期的大幅提高,分析师们似乎更看好收益表现。
There's been no major changes to the consensus price target of US$10.38, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Materialise analyst has a price target of US$12.01 per share, while the most pessimistic values it at US$9.51. This is a very narrow spread of estimates, implying either that Materialise is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
美国股票价值10.38美元的共识目标价格并没有发生重大变化,表明收益每股展望并不足以对股票价值产生长期积极影响。不过,还有一种思考价格目标的方法,就是来查看分析师提出的价格目标范围,因为宽范围的预测可能意味着对公司的可能业务结果有不同的看法。最乐观的Materialise分析师目标价格为每股12.01美元,而最悲观的目标价格为每股9.51美元。这是一个非常狭窄的预测范围,暗示着Materialise是一家容易估值的公司,或者更可能是分析师在严重依赖某些核心假设。
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 9.5% growth on an annualised basis. That is in line with its 8.1% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 12% per year. So it's pretty clear that Materialise is expected to grow slower than similar companies in the same industry.
我们还可以将这些预测视为更大视角下的估计,比如它们与过去业绩相比如何,以及相对于行业其他公司是否更看好预测数据。分析师预测未来到2024年的期间将会有更多相似的增长,营业收入预计将以年均9.5%的增长率实现。这与其过去5年的年均增长8.1%相一致。相比之下,我们的数据显示,同一行业(受分析师关注的)的其他公司预计营业收入年均增长12%。因此可以明确看出,Materialise预计增长速度将慢于同行业的其他公司。
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 Materialise's 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. The consensus price target held steady at US$10.38, with the latest estimates not enough to have an impact on their price targets.
对我们而言,最重要的是共识每股收益的提升,这表明市场对Materialise明年的收益潜力有了明显的提升。好消息是,营收预计没有发生重大变化,尽管预计表现将不及整个行业。共识目标价格保持在10.38美元,并且最新的预测对其价格目标没有影响。
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Materialise analysts - going out to 2026, and you can see them free on our platform here.
记住,我们认为考虑业务的长期贡献对投资者来说更加重要。我们有来自多个Materialise分析师的预测,截至2026年,您可以免费在我们的平台上查看它们。
And what about risks? Every company has them, and we've spotted 1 warning sign for Materialise you should know about.
那么风险呢?每家公司都有风险,我们发现Materialise有1个警告标志,您应该了解。
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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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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
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。