Grove Collaborative Holdings, Inc. (NYSE:GROV) Just Reported Earnings, And Analysts Cut Their Target Price
Grove Collaborative Holdings, Inc. (NYSE:GROV) Just Reported Earnings, And Analysts Cut Their Target Price
Last week saw the newest second-quarter earnings release from Grove Collaborative Holdings, Inc. (NYSE:GROV), an important milestone in the company's journey to build a stronger business. Revenues were in line with expectations, at US$52m, while statutory losses ballooned to US$0.28 per share. The analysts 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
上周,Grove Collaborative Holdings, Inc. (纽交所:GROV)发布了最新的第二季度财报,这是公司打造更强大业务的重要里程碑。营业收入符合预期,达到5200万美元,而法定损失每股达到0.28美元。分析师通常会在每个财报发布后更新他们的预测,我们可以从他们的估计来判断他们对公司的看法是否发生了变化,或是否存在任何需要注意的新问题。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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Following the recent earnings report, the consensus from dual analysts covering Grove Collaborative Holdings is for revenues of US$211.0m in 2024. This implies a perceptible 7.2% decline in revenue compared to the last 12 months. Losses are predicted to fall substantially, shrinking 21% to US$0.69. Before this latest report, the consensus had been expecting revenues of US$219.9m and US$0.55 per share in losses. So it's pretty clear the analysts have mixed opinions on Grove Collaborative Holdings after this update; revenues were downgraded and per-share losses expected to increase.
在最近的财报发布后,覆盖Grove Collaborative Holdings的双重分析师的共识是,预计2024年营业收入为21100万美元,相比过去12个月将出现明显下降7.2%的营收。预计损失将大幅下降,收缩21%至0.69美元。 在此之前,共识是预计营收为21990万美元,每股损失为0.55美元。因此,在此次更新后,很明显分析师对Grove Collaborative Holdings有不同意见;营收被下调,预计每股损失将增加。
The consensus price target fell 17% to US$2.50, with the analysts clearly concerned about the company following the weaker revenue and earnings outlook.
共识价格目标下降了17%,分析师们显然对公司的立场持谨慎态度,这是在营收和收益前景疲软的背景下做出的。
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. We would also point out that the forecast 14% annualised revenue decline to the end of 2024 is better than the historical trend, which saw revenues shrink 20% annually over the past three years Compare this against analyst estimates for companies in the broader industry, which suggest that revenues (in aggregate) are expected to grow 4.8% annually. So while a broad number of companies are forecast to grow, unfortunately Grove Collaborative Holdings is expected to see its revenue affected worse than other companies in the industry.
现在看大局,我们可以根据这些预测来看看它们与过去的表现和行业增长预测相比如何。我们还要指出,预计的14%的年化营收下降率直到2024年底比历史趋势要好,过去三年每年营收下降20%。将此与更广泛行业公司的分析师预测进行比较,这些预测表明,(总体上)预计营收每年增长4.8%。因此,虽然预计许多公司会增长,但 Grove Collaborative Holdings 预计将比行业中其他公司更受营收影响。
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 Grove Collaborative Holdings. 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. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Grove Collaborative Holdings' future valuation.
需要注意的最重要的事情是明年损失预测的增加,表明Grove Collaborative Holdings可能并不稳健。不幸的是,他们也下调了其收入预期,而我们的数据显示,在整个行业中表现低于预期。即便如此,每股收益对于公司的内在价值更为重要。共识价格目标大幅下降,分析师似乎对最新成果并不放心,这导致Grove Collaborative Holdings未来的估值下调。
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At least one analyst has provided forecasts out to 2025, which can be seen for free on our platform here.
尽管分析师给出的未来预测对于明年来说很重要,公司收益的长期轨迹要比明年更加重要。至少有一位分析师已经提供了2025年的预测,可以免费在我们的平台上查看。
However, before you get too enthused, we've discovered 3 warning signs for Grove Collaborative Holdings that you should be aware of.
但是,在您过于热衷之前,我们已经发现了Grove Collaborative Holdings的3个警告信号,您应该注意这些。
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