US$4.00 - That's What Analysts Think Fuel Tech, Inc. (NASDAQ:FTEK) Is Worth After These Results
US$4.00 - That's What Analysts Think Fuel Tech, Inc. (NASDAQ:FTEK) Is Worth After These Results
Last week, you might have seen that Fuel Tech, Inc. (NASDAQ:FTEK) released its second-quarter result to the market. The early response was not positive, with shares down 2.9% to US$1.00 in the past week. Revenue greatly exceeded expectations at US$7.0m, some 21% ahead of analyst forecasts. The analyst typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analyst has changed their mind on Fuel Tech after the latest results.
上周,您可能已经看到了燃料技术公司(NASDAQ:FTEK)发布了其第二季度的财报。市场初反应不佳,股价在过去一周下跌了2.9%,至1美元。营业收入大大超出预期,达到700万美元,比分析师预测高出21%。分析师通常会在每个财报发布后更新其预测,我们可以根据他们的预测来判断公司的情况是否有所改变或是否有任何新的问题需要注意。读者将会很高兴知道,我们已经汇总了最新的法定预测,看看分析师在最新的业绩发布后是否改变了对燃料技术的看法。
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Taking into account the latest results, the consensus forecast from Fuel Tech's lone analyst is for revenues of US$28.8m in 2024. This reflects a decent 9.3% improvement in revenue compared to the last 12 months. Losses are forecast to balloon 179% to US$0.02 per share. Before this earnings announcement, the analyst had been modelling revenues of US$27.8m and losses of US$0.03 per share in 2024. So it seems there's been a definite increase in optimism about Fuel Tech's future following the latest consensus numbers, with a considerable decrease in the loss per share forecasts in particular.
考虑到最新的结果,燃料技术的唯一分析师的共识预测是2024年营业收入为2880万美元。这反映了营收与过去12个月相比的良好增长率为9.3%。亏损预计将膨胀179%,至每股0.02美元。在这次盈利公告之前,这位分析师曾在模拟2024年的营业收入为2780万美元和每股亏损为0.03美元。因此,看起来随着最新共识数字的出现,对燃料技术未来的乐观情绪明显增加,尤其是每股亏损预测大幅减少。
The consensus price target rose 100% to US$4.00, with the analyst encouraged by the higher revenue and lower forecast losses for next year.
共识目标价格上涨100%,至4.00美元,分析师对明年更高的营业收入和较低的预测亏损感到鼓舞。
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. For example, we noticed that Fuel Tech's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 19% growth to the end of 2024 on an annualised basis. That is well above its historical decline of 5.4% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 6.6% annually. So it looks like Fuel Tech is expected to grow faster than its competitors, at least for a while.
现在来看一下更全面的情况,我们可以通过将这些预测与过去的业绩和行业增长预测进行比较来理解这些预测的意义。例如,我们注意到燃料技术的增长速度预计将有意义地加快,营业收入预计在2024年以年化基础上呈现出19%的增长。这比过去5年每年5.4%的历史下降高得多。将其与对整个行业的分析师预测进行比较,整个行业的营收预计将以6.6%的年增长率增长。因此,至少在一段时间内,燃料技术预计将比竞争对手增长更快。
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 analyst reconfirmed their loss per share estimates for next year. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. There was also a nice increase in the price target, with the analyst clearly feeling that the intrinsic value of the business is improving.
最重要的是,分析师确认了他们明年每股亏损的预测。令人高兴的是,他们还提高了他们的营收预测,并预测它们将比更广泛的行业增长更快。目标价格也有一个不错的增长,分析师显然认为企业的内在价值正在提高。
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for Fuel Tech going out as far as 2026, and you can see them free on our platform here.
继续思考这条线路,我们认为企业的长期前景比明年的收益更为重要。我们拥有燃料技术的分析师预测,最长可达到2026年,您可以在我们的平台上免费查看。
That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Fuel Tech , and understanding it should be part of your investment process.
尽管如此,仍然有必要考虑投资风险的常在幽灵。我们已经确定了燃料技术的1个警告信号,了解它应该成为您投资过程的一部分。
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