Earnings Update: Indie Semiconductor, Inc. (NASDAQ:INDI) Just Reported And Analysts Are Trimming Their Forecasts
Earnings Update: Indie Semiconductor, Inc. (NASDAQ:INDI) Just Reported And Analysts Are Trimming Their Forecasts
It's been a sad week for indie Semiconductor, Inc. (NASDAQ:INDI), who've watched their investment drop 16% to US$4.11 in the week since the company reported its quarterly result. Results look to have been somewhat negative - revenue fell 2.6% short of analyst estimates at US$52m, although statutory losses were somewhat better. The per-share loss was US$0.11, 35% smaller than the analysts were expecting prior to the result. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
自该公司发布季度业绩报告以来,纳斯达克公司indie Semiconductor, Inc.(股票代码:INDI)的投资价值下跌了16%,降至每股4.11美元,这对该公司来说是一个悲伤的一周。业绩结果似乎有些负面——营业收入US$52,000,000短缺分析师的估计2.6%,尽管法定亏损状况略有改善。每股亏损为US$0.11,比分析师在业绩公布前预期的亏损金额少35%。在该公司发布业绩报告后,分析师们更新了其收益模型。此时判断他们是否认为该公司的前景发生了巨大转变或是业务正常运转将非常重要。以下是我们收集的最新法定预测结果,以了解这些业绩数据是否会对分析师的收益模型造成影响。
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Taking into account the latest results, the current consensus, from the eight analysts covering indie Semiconductor, is for revenues of US$217.5m in 2024. This implies a measurable 7.6% reduction in indie Semiconductor's revenue over the past 12 months. Losses are forecast to balloon 28% to US$0.58 per share. Before this earnings announcement, the analysts had been modelling revenues of US$259.3m and losses of US$0.03 per share in 2024. So there's been quite a change-up of views after the recent consensus updates, withthe analysts making a serious cut to their revenue outlook while also expecting losses per share to increase.
考虑到最新的业绩数据,八位分析师覆盖独立半导体公司,预测其2024年营业收入达2.175亿美元,这意味着独立半导体公司过去12个月营业收入下降7.6%。预计亏损将激增28%,达到每股0.58美元。在本次业绩公告之前,分析师们原本预测独立半导体公司在2024年实现的营收为2.593亿美元和每股0.03美元的亏损。因此,接受最近的业绩共识更新后,分析师们的观点发生了很大的改变,他们极大地减少了对该公司的营收前景的预期,同时还预测每股亏损金额将增加。
The average price target fell 11% to US$9.04, implicitly signalling that lower earnings per share are a leading indicator for indie Semiconductor's valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic indie Semiconductor analyst has a price target of US$12.00 per share, while the most pessimistic values it at US$7.00. 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.
平均目标价下跌了11%,至9.04美元,这暗示了每股减少的收益对独立半导体的估值构成了主要因素。此外,了解分析师的估算范围,从而评估离群的意见与平均意见有多大差别,也是非常有指导意义的。在独立半导体分析师中最为乐观的人给出了每股12美元的目标价,而最为悲观的人给出了每股7美元的目标价。这表明虽然估价存在多样性,但分析师们并未完全分裂在该股票上,也不像成功或失败的应对情况。
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. We would highlight that revenue is expected to reverse, with a forecast 15% annualised decline to the end of 2024. That is a notable change from historical growth of 61% over the last three years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 18% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - indie Semiconductor is expected to lag the wider industry.
我们可以从更大的角度来看待这些预测,例如预测与过去业绩的对比,以及预测是否相对于行业中的其他公司更为看涨或看跌。我们需要突出的是独立半导体的营收预计将出现逆转,预计将在2024年年化上下降15%,而这与过去三年的61%的历史增长形成了鲜明对比。将这与我们的数据进行比较,我们得出结论是,同行业的其他公司将实现平均年增收18%,因此尽管独立半导体的营业收入预计会下降,但这并没有银色的补偿,独立半导体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 most important thing to note is the forecast of increased losses next year, suggesting all may not be well at indie Semiconductor. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.
需要注意的最重要的事情是,预测明年将出现增加的亏损,这表明独立半导体可能存在问题。不幸的是,他们也下调了其营收预测,而我们的数据显示其表现不如整个行业。即便如此,每股收益对企业内部价值更为重要。此外,分析师们还降低了其目标价,这表明最近的消息导致人们对企业内在价值更为悲观。
With that in mind, we wouldn't be too quick to come to a conclusion on indie Semiconductor. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple indie Semiconductor analysts - going out to 2026, and you can see them free on our platform here.
考虑到这一点,我们不应该过快得出关于独立半导体的结论。长期的盈利能力比明年的利润更为重要。我们从多位独立半导体分析师处获得的预测在2026年,您可以在我们的平台上免费查看。
Before you take the next step you should know about the 2 warning signs for indie Semiconductor that we have uncovered.
在您进一步了解独立半导体之前,您应该知道我们发现的两个警告征兆。
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