The Strong Earnings Posted By Warner Music Group (NASDAQ:WMG) Are A Good Indication Of The Strength Of The Business
The Strong Earnings Posted By Warner Music Group (NASDAQ:WMG) Are A Good Indication Of The Strength Of The Business
Even though Warner Music Group Corp.'s (NASDAQ:WMG) recent earnings release was robust, the market didn't seem to notice. Our analysis suggests that investors might be missing some promising details.
尽管华纳音乐集团股份有限公司(纳斯达克:WMG)最近发布的收益报告非常强劲,但市场似乎没有注意到。我们的分析表明,投资者可能错过了一些有前途的细节。
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How Do Unusual Items Influence Profit?
非常规项目如何影响利润?
To properly understand Warner Music Group's profit results, we need to consider the US$115m expense attributed to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And, after all, that's exactly what the accounting terminology implies. If Warner Music Group doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year.
为了正确理解华纳音乐集团的利润情况,我们需要考虑11500万美元的飞凡费用。虽然由于飞凡项目而减少的扣除在第一时间令人失望,但其中有一线曙光。当我们分析全球大部分上市公司时,我们发现重大的飞凡项目往往不会重复。毕竟,这正是会计术语所暗示的。如果华纳音乐集团未看到这些不寻常的费用重复,则其他条件相等,我们预计其利润在未来一年内将增加。
That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.
这可能会让您想知道分析师对未来盈利能力的预测。幸运的是,您可以单击此处查看基于其估计的未来盈利能力的互动图表。
Our Take On Warner Music Group's Profit Performance
我们对华纳音乐集团的利润表现的看法
Because unusual items detracted from Warner Music Group's earnings over the last year, you could argue that we can expect an improved result in the current quarter. Because of this, we think Warner Music Group's earnings potential is at least as good as it seems, and maybe even better! Better yet, its EPS are growing strongly, which is nice to see. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. So while earnings quality is important, it's equally important to consider the risks facing Warner Music Group at this point in time. Be aware that Warner Music Group is showing 2 warning signs in our investment analysis and 1 of those can't be ignored...
由于不寻常的项目影响了华纳音乐集团的收益,因此可以认为我们可以期望当季有所改善。因此,我们认为华纳音乐集团的收益潜力至少与看起来一样好,甚至更好!更好的是,其每股收益正在快速增长,这是一个好的迹象。本文的目的是评估我们依靠法定收益来反映公司潜力的程度,但还有很多其他方面需要考虑。因此,虽然收益质量很重要,但同样重要的是考虑华纳音乐集团目前面临的风险。请注意,我们的投资分析表明,华纳音乐集团显示出2个警示信号,其中1个不容忽视...
This note has only looked at a single factor that sheds light on the nature of Warner Music Group's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful.
本注释仅考虑揭示华纳音乐集团利润性质的单一因素。但有很多其他方法可以了解公司的情况。有些人认为高回报股本是一个高质量企业的好迹象。虽然这可能需要您进行一些研究,但您可能会发现,这个免费的回报率高的公司集合或者持有大量内部股份的股票列表非常有用。
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