Hormel Foods Corporation (NYSE:HRL) Full-Year Results: Here's What Analysts Are Forecasting For This Year
Hormel Foods Corporation (NYSE:HRL) Full-Year Results: Here's What Analysts Are Forecasting For This Year
The annual results for Hormel Foods Corporation (NYSE:HRL) were released last week, making it a good time to revisit its performance. It looks like the results were a bit of a negative overall. While revenues of US$12b were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 3.5% to hit US$1.47 per share. 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 collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
荷美尔食品公司(纽交所:HRL)于上周发布了年度业绩,这使得我们重新审视其表现的时机恰到好处。看起来整体结果稍显负面。尽管营业收入为120亿美元符合分析师的预测,但法定每股收益低于预期,减少了3.5%,为每股1.47美元。这对投资者来说是一个重要时刻,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,并观察业务期望是否有变化。因此,我们收集了最新的财报后的法定共识预测,看看明年可能会发生什么。
Taking into account the latest results, Hormel Foods' nine analysts currently expect revenues in 2025 to be US$12.2b, approximately in line with the last 12 months. Per-share earnings are expected to ascend 14% to US$1.67. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$12.3b and earnings per share (EPS) of US$1.69 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.
考虑到最新的结果,荷美尔食品的九位分析师目前预计2025年的营业收入为122亿美元,约与过去12个月相符。每股收益预计将上升14%,达到1.67美元。然而,在最新的财报之前,分析师们预测2025年的营业收入为123亿美元和每股收益(EPS)为1.69美元。因此,虽然分析师们更新了他们的预测,但从最新结果来看,业务的期望并没有发生重大变化。
It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$32.15. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Hormel Foods at US$37.00 per share, while the most bearish prices it at US$27.00. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.
因此,得知共识价格目标基本保持不变为32.15美元并不令人惊讶。然而,专注于单一的价格目标可能是不明智的,因为共识目标实际上是分析师价格目标的平均值。因此,一些投资者喜欢查看区间,以了解公司估值是否存在不同的意见。目前,最看好的分析师将荷美尔食品的每股价值定为37.00美元,而最看淡的则定价为27.00美元。正如您所见,分析师们对该股票的未来看法并不一致,但估计的区间仍然相对狭窄,这可能表明结果并不完全不可预测。
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 Hormel Foods' revenue growth is expected to slow, with the forecast 2.0% annualised growth rate until the end of 2025 being well below the historical 6.0% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 2.6% per year. Factoring in the forecast slowdown in growth, it seems obvious that Hormel Foods is also expected to grow slower than other industry participants.
我们可以从更大的视角来看待这些估计,例如,预测与过去表现的对比,以及相对于行业内其他公司预测的看淡或看好的程度。我们要强调的是,荷美尔食品的营业收入增长预计会放缓,预测到2025年底年化增长率为2.0%,远低于过去五年6.0%的历史年增长率。作为比较,行业内其他有分析师覆盖的公司预计每年的营业收入增长为2.6%。考虑到预测的增长放缓,显而易见荷美尔食品的增长速度也将低于其他行业参与者。
The Bottom Line
结论
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse 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.
最明显的结论是,近期业务前景没有重大变化,分析师保持他们的每股收益预测与之前的估计一致。好的一面是,营业收入预测没有重大变化;尽管预测表明它们表现会逊色于更广泛的行业。共识价格目标没有真正变化,这意味着业务的内在价值与最新估计没有经历任何重大变化。
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Hormel Foods going out to 2027, and you can see them free on our platform here..
考虑到这一点,我们仍然认为,业务的长期发展轨迹对投资者来说更为重要。在Simply Wall St,我们有荷美尔食品到2027年的完整分析师估计,您可以在我们的平台上免费查看。
It might also be worth considering whether Hormel Foods' debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here.
考虑荷美尔食品的债务负担是否合适,您可以使用我们在Simply Wall St平台上的债务分析工具。
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