Songcheng Performance Development Co.,Ltd Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Songcheng Performance Development Co.,Ltd Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Songcheng Performance Development Co.,Ltd (SZSE:300144) missed earnings with its latest second-quarter results, disappointing overly-optimistic forecasters. Earnings fell badly short of analyst estimates, with CN¥618m revenues missing by 11%, and statutory earnings per share (EPS) of CN¥0.11 falling short of forecasts by some -15%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Songcheng Performance DevelopmentLtd after the latest results.
宋城演艺(SZSE:300144)发布了最新的第二季度业绩,营收达到了人民币61800万元,较分析师预期少了11%,每股收益0.11人民币比预测少了15%。这是投资者重要的时刻,他们可以追踪公司的业绩,查看分析师对明年的预测,并了解市场对公司的情绪是否有所变化。读者们将会很高兴地知道,我们已经汇总了最新的法定预测,看看分析师在最新业绩出来后是否改变了对宋城演艺的看法。
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After the latest results, the 13 analysts covering Songcheng Performance DevelopmentLtd are now predicting revenues of CN¥2.62b in 2024. If met, this would reflect a decent 11% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to surge 745% to CN¥0.44. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥2.71b and earnings per share (EPS) of CN¥0.47 in 2024. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a minor downgrade to earnings per share estimates.
根据最新的业绩,13位分析师预计宋城演艺在2024年的营收将达到人民币26.2亿,这将比过去12个月的营收增加11%。预计法定每股收益将激增745%至人民币0.44。然而,在最新业绩公布之前,分析师预期2024年的营收将达到人民币27.1亿,每股收益为人民币0.47。很明显,在最新业绩公布后,市场情绪转为悲观,导致未来营收前景较弱,每股收益预期略有下调。
The analysts made no major changes to their price target of CN¥12.61, suggesting the downgrades are not expected to have a long-term impact on Songcheng Performance DevelopmentLtd's valuation. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Songcheng Performance DevelopmentLtd analyst has a price target of CN¥17.07 per share, while the most pessimistic values it at CN¥10.50. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
分析师对宋城演艺的目标价没有进行重大变动,仍维持人民币12.61的价值,这表明分析师不认为下调预期对宋城演艺的估值会产生长期影响。共识目标价只是个别分析师目标的平均值,因此了解基础估值范围有多宽可能会有帮助。最乐观的分析师对宋城演艺的目标价为人民币17.07,而最悲观的预期则为人民币10.50。这些目标价显示分析师对该公司有不同的观点,但估值差异不足以表明是否有人在期望巨大的成功或彻底的失败。
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. One thing stands out from these estimates, which is that Songcheng Performance DevelopmentLtd is forecast to grow faster in the future than it has in the past, with revenues expected to display 23% annualised growth until the end of 2024. If achieved, this would be a much better result than the 11% annual decline 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 15% annually. So it looks like Songcheng Performance DevelopmentLtd is expected to grow faster than its competitors, at least for a while.
我们可以用更大的视角来看这些预测,比如将其与过去的业绩进行对比,以及预测与行业其他公司相比是更看好还是更不看好。从这些预测中,有一点非常明显,那就是预计宋城演艺的未来增速将超过其过去的增速,预计营业收入将以23%的年均增长率增长,直到2024年底。如果实现这一预测,那将比过去五年的年均下滑11%要好得多。与行业的分析师预测相比较,行业收入预计年增长15%。所以看起来宋城演艺在一段时间内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 biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Songcheng Performance DevelopmentLtd. They also downgraded Songcheng Performance DevelopmentLtd's revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
最大的担忧是分析师下调了每股收益的预测,这说明宋城演艺可能面临业务阻力。他们还下调了宋城演艺的营业收入预测,但行业数据显示预计其增速将超过整个行业。对一致性目标价格没有实质性变化,这意味着根据最新的预测,公司的内在价值没有发生重大变化。
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Songcheng Performance DevelopmentLtd going out to 2026, and you can see them free on our platform here.
记住,我们认为业务的长期轨迹对于投资者来说更为重要。我们为宋城演艺制定了2026年的预测,您可以在我们的平台上免费查看。
It is also worth noting that we have found 3 warning signs for Songcheng Performance DevelopmentLtd that you need to take into consideration.
值得注意的是,我们发现宋城演艺有3个警示信号,您需要考虑这些因素。
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