Webster Financial (NYSE:WBS) Jumps 4.4% This Week, Though Earnings Growth Is Still Tracking Behind Three-year Shareholder Returns
Webster Financial (NYSE:WBS) Jumps 4.4% This Week, Though Earnings Growth Is Still Tracking Behind Three-year Shareholder Returns
One simple way to benefit from the stock market is to buy an index fund. But if you buy good businesses at attractive prices, your portfolio returns could exceed the average market return. For example, the Webster Financial Corporation (NYSE:WBS) share price is up 37% in the last three years, clearly besting the market return of around 16% (not including dividends).
從股市獲益的一個簡單方法是購買指數基金。但如果你以有吸引力的價格收購好企業,你的投資組合回報可能會超過平均市場回報。例如,韋伯斯特金融公司(紐約證券交易所代碼:WBS)股價在過去三年中上漲了37%,顯然超過了約16%的市場回報率(不包括股息)。
Since the stock has added US$293m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.
由於該股僅在過去一週就增加了2.93億美元的市值,讓我們看看潛在表現是否一直在推動長期回報。
View our latest analysis for Webster Financial
查看我們對Webster Financial的最新分析
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
在他的文章中格雷厄姆和多德斯維爾的超級投資者沃倫·巴菲特描述了股價並不總是理性地反映一家企業的價值。一種不完美但簡單的方法來考慮市場對一家公司的看法是如何改變的,那就是將每股收益(EPS)的變化與股價走勢進行比較。
Webster Financial was able to grow its EPS at 21% per year over three years, sending the share price higher. This EPS growth is higher than the 11% average annual increase in the share price. So it seems investors have become more cautious about the company, over time. We'd venture the lowish P/E ratio of 7.63 also reflects the negative sentiment around the stock.
韋伯斯特金融能夠在三年內以每年21%的速度增長每股收益,從而推高了股價。這一EPS增幅高於11%的股價年均增幅。因此,隨著時間的推移,投資者似乎對該公司變得更加謹慎了。我們敢說,7.63的低本益比也反映了圍繞該股的負面情緒。
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
該公司的每股收益(在一段時間內)如下圖所示(點擊查看具體數位)。
![earnings-per-share-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231011/0-4eb1c4ac25c7cb72ee748bc327030d40-0-a2f303208d15a9b071a28aba23419adb.png/big)
We know that Webster Financial has improved its bottom line lately, but is it going to grow revenue? You could check out this free report showing analyst revenue forecasts.
我們知道韋伯斯特金融最近提高了利潤,但它會增加收入嗎?你可以看看這個免費顯示分析師收入預測的報告。
What About Dividends?
那股息呢?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Webster Financial, it has a TSR of 51% for the last 3 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
在考察投資回報時,重要的是要考慮到股東總回報(TSR)和股價回報。TSR是一種回報計算,計入了現金股息的價值(假設收到的任何股息都進行了再投資),以及任何貼現融資和剝離的計算價值。公平地說,TSR為支付股息的股票提供了更完整的圖景。以韋伯斯特金融公司為例,它在過去3年的TSR為51%。這超過了我們之前提到的它的股價回報。這在很大程度上是其股息支付的結果!
A Different Perspective
不同的視角
While the broader market gained around 22% in the last year, Webster Financial shareholders lost 9.8% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 4% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. Most investors take the time to check the data on insider transactions. You can click here to see if insiders have been buying or selling.
雖然去年大盤上漲了約22%,但韋伯斯特金融的股東損失了9.8%(甚至包括股息)。然而,請記住,即使是最好的股票,在12個月的時間裡,有時也會表現遜於市場。不幸的是,去年的表現可能預示著尚未解決的挑戰,因為它比過去五年4%的年化損失更糟糕。一般來說,股價長期疲軟可能是一個壞信號,儘管反向投資者可能會希望研究這只股票,希望它能好轉。大多數投資者都會花時間檢查內幕交易的數據。你可以點擊這裡,看看內部人士是在買入還是賣出。
Of course Webster Financial may not be the best stock to buy. So you may wish to see this free collection of growth stocks.
當然了韋伯斯特金融可能不是最值得買入的股票那就是。所以你可能想看看這個免費成長型股票的集合。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
請注意,本文引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫.或者,也可以給編輯組發電子郵件,地址是暗示Wallst.com。
本文由Simply Wall St.撰寫,具有概括性.我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議.它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況.我們的目標是為您帶來由基本面數據驅動的長期重點分析.請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內.Simply Wall St.對上述任何一隻股票都沒有持倉.