Earnings Report: StarPower Semiconductor Ltd. Missed Revenue Estimates By 8.5%
Earnings Report: StarPower Semiconductor Ltd. Missed Revenue Estimates By 8.5%
StarPower Semiconductor Ltd. (SHSE:603290) last week reported its latest third-quarter results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Revenues came in 8.5% below expectations, at CN¥881m. Statutory earnings per share were relatively better off, with a per-share profit of CN¥0.62 being roughly in line with analyst estimates. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
斯达半导有限公司(SHSE:603290)上周公布了最新的第三季度业绩,这为投资者提供了一个良好的时机,深入了解该公司的业绩是否与预期一致。营业收入达到了88100万人民币,低于预期8.5%。法定每股收益相对较好,每股利润为0.62人民币,大致符合分析师的预期。对于投资者来说,这是一个重要的时刻,因为他们可以在报告中跟踪公司的表现,查看专家对明年的预测,并查看业务预期是否有任何变化。因此,我们收集了最新的盈利预测,看看预计明年会发生什么。
Taking into account the latest results, the current consensus from StarPower Semiconductor's 15 analysts is for revenues of CN¥4.80b in 2025. This would reflect a substantial 39% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to leap 44% to CN¥4.06. In the lead-up to this report, the analysts had been modelling revenues of CN¥4.86b and earnings per share (EPS) of CN¥4.05 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
考虑到最新的业绩,斯达半导15位分析师目前的共识是2025年收入为48亿人民币。这将反映出过去12个月营业收入的39%的大幅增长。法定每股收益预测将跃升44%,达到4.06人民币。在这份报告之前,分析师们曾预测2025年收入为48.6亿人民币,每股收益(EPS)为4.05人民币。因此很明显,尽管分析师们更新了他们的预期,但对于业务的期待在最新业绩发布后没有重大变化。
There were no changes to revenue or earnings estimates or the price target of CN¥104, suggesting that the company has met expectations in its recent result. 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 StarPower Semiconductor analyst has a price target of CN¥149 per share, while the most pessimistic values it at CN¥62.00. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.
收入或盈利预期以及104人民币的目标价格都没有变化,建议该公司在最近的业绩中达到了预期。查看分析师预期的区间也是有启发性的,以评估不同的异常意见与均值的差异。最乐观的斯达半导分析师的目标价格为每股149人民币,而最悲观的则为62.00人民币。请注意分析师目标价格的广泛差距?这意味着在基本业务中存在相当广泛的可能情景。
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. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 30% growth on an annualised basis. That is in line with its 34% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 23% annually. So it's pretty clear that StarPower Semiconductor is forecast to grow substantially faster than its industry.
我们可以从更大的背景来看待这些估计,比如预测与过去业绩的对比,以及预测相对于行业内其他公司的看法是更加看好或者不看好。根据分析师的说法,到2025年底,这一趋势将持续,预计营业收入将按年增长30%。这与过去五年34%的年增长率相符。 将这一情况与更广泛的行业进行比较,分析师的估计(总计)表明,收入预计每年增长23%。因此,很明显,斯达半导预计将比其行业增长得更快。
The Bottom Line
结论
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at CN¥104, with the latest estimates not enough to have an impact on their price targets.
最重要的是,情绪没有发生重大变化,分析师重新确认该业务的表现与他们之前的每股收益估计一致。 幸运的是,他们也重新确认了营业收入的数字,这表明其符合预期。此外,我们的数据表明,预计营业收入将比更广泛的行业增长得更快。 共识价格目标保持在104元人民币,最新的估计对他们的价格目标没有影响。
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for StarPower Semiconductor going out to 2026, and you can see them free on our platform here.
话虽如此,公司的长期盈利轨迹远比明年更为重要。 我们对于斯达半导的预测将延续到2026年,您可以在我们的平台上免费查看这些预测。
That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with StarPower Semiconductor (at least 1 which is significant) , and understanding these should be part of your investment process.
尽管如此,考虑到投资风险的不断存在是必要的。我们已经确定了斯达半导的2个警示信号(至少有1个是重要的),了解这些应该是您投资过程的一部分。
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