The RealReal, Inc. (NASDAQ:REAL) Just Reported Earnings, And Analysts Cut Their Target Price
The RealReal, Inc. (NASDAQ:REAL) Just Reported Earnings, And Analysts Cut Their Target Price
The RealReal, Inc. (NASDAQ:REAL) investors will be delighted, with the company turning in some strong numbers with its latest results. Results overall were solid, with revenues arriving 3.6% better than analyst forecasts at US$145m. Higher revenues also resulted in substantially lower statutory losses which, at US$0.16 per share, were 3.6% smaller than the analysts expected. 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.
真实达人公司(纳斯达克:REAL)的投资者将会感到高兴,因为该公司以其最新业绩交上了一份出色的成绩单。整体业绩表现良好,营业收入达1.45亿美元,比分析师预测高出3.6%。更高的收入亦导致了实质亏损显著下降,每股亏损0.16美元,比分析师预期的3.6%更小。这对投资者来说是一个重要的时刻,因为他们可以通过报告追踪公司的表现,查看专家对明年的预测,并查看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。
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Taking into account the latest results, the current consensus from RealReal's eight analysts is for revenues of US$586.5m in 2024. This would reflect a credible 3.8% increase on its revenue over the past 12 months. Losses are expected to be contained, narrowing 13% from last year to US$0.74. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$589.0m and losses of US$0.73 per share in 2024.
考虑到最新的业绩,真实达人公司的八名分析师目前的共识是,预计在2024年营业收入将达到5.865亿美元,这将反映出其过去12个月的营业收入增长3.8%的可靠性。亏损预计将被控制,在去年的基础上缩小13%至0.74美元。然而,在最新的收益之前,分析师们曾预测2024年营业收入为5.89亿美元,每股亏损0.73美元。
The analysts trimmed their valuations, with the average price target falling 6.7% to US$3.51, with the ongoing losses seemingly weighing on sentiment, despite no real changes to the earnings forecasts. 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. There are some variant perceptions on RealReal, with the most bullish analyst valuing it at US$4.00 and the most bearish at US$2.14 per share. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await RealReal shareholders.
分析师削减了评估,平均目标价下降了6.7%,至3.51美元,尽管没有对收益预测进行任何实质性的更改,但持续的亏损似乎使情绪承压。然而,还有一种认为价格目标的方法,那就是看分析师提出的价格目标范围,因为估计的范围广泛可能暗示对业务可能出现多样化观点,真实达人存在一些观点差异,最看好的分析师将其估值为每股4.00美元,最看淡的为每股2.14美元。分析师对业务确实有不同的看法,但在我们看来,预计范围不足以表明真实达人股东可能出现极端情况。
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the RealReal's past performance and to peers in the same industry. It's pretty clear that there is an expectation that RealReal's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 7.6% growth on an annualised basis. This is compared to a historical growth rate of 17% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.8% annually. Even after the forecast slowdown in growth, it seems obvious that RealReal is also expected to grow faster than the wider industry.
这些预测非常有趣,但当比较预测与RealReal过去的表现以及同一行业的同行时,可以绘制一些更加概括的线条会更有用。很明显,真实达人的营业收入增长预计将大幅放缓,预计到2024年底,年增长率为7.6%,而过去五年的历史增长率为17%。相比之下,该行业中其他受分析师关注的公司预计其收入年均增长4.8%。即使在预测增长放缓之后,真实达人也被预计将比行业整体更快地增长。
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 obvious conclusion is that the analysts made no changes to their forecasts for a loss next year. 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. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of RealReal's future valuation.
最明显的结论是,分析师对明年的亏损预测没有做出任何更改。幸运的是,他们还重申了他们的收入数字,表明它符合预期。此外,我们的数据显示,收入增长速度预计将快于整个行业。共识目标价显著下降,分析师似乎对最新结果不太放心,导致对真实达人未来估值的预估降低。
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 RealReal 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的更重要。在Simply Wall St上,我们拥有RealReal的完整分析师估计范围,延伸到2026年,您可以在这里免费查看。
Plus, you should also learn about the 5 warning signs we've spotted with RealReal (including 1 which is significant) .
此外,您还应该了解我们发现的真实达人的5个警告信号,其中包括1个显著的信号。
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