Analysts Have Been Trimming Their TrustCo Bank Corp NY (NASDAQ:TRST) Price Target After Its Latest Report
Analysts Have Been Trimming Their TrustCo Bank Corp NY (NASDAQ:TRST) Price Target After Its Latest Report
Last week, you might have seen that TrustCo Bank Corp NY (NASDAQ:TRST) released its third-quarter result to the market. The early response was not positive, with shares down 4.3% to US$25.49 in the past week. TrustCo Bank Corp NY reported in line with analyst predictions, delivering revenues of US$47m and statutory earnings per share of US$0.77, suggesting the business is executing well and in line with its plan. The analyst 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 analyst is expecting for next year.
上週,你可能已經看到了信託銀行紐約公司(納斯達克股票代碼:TRST)向市場發佈了第三季度業績。早期的反應並不積極,過去一週股價下跌4.3%至25.49美元。紐約信託銀行(TrustCo Bank Corp NY)的報告與分析師的預測一致,收入為4700萬美元,每股法定收益為0.77美元,表明該業務執行良好,符合其計劃。分析師通常會在每次發佈收益報告時更新他們的預測,我們可以從他們的預測中判斷他們對公司的看法是否發生了變化,或者是否有任何新的擔憂需要注意。考慮到這一點,我們收集了最新的法定預測,以瞭解分析師對明年的預期。
See our latest analysis for TrustCo Bank Corp NY
請參閱我們對TrustCo Bank Corp NY的最新分析
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231027/0-eb509d9c2e2db8f21bc51edfbac07f6a-0-bc68f8b468758af3d73f504714aab029.png/big)
Taking into account the latest results, the current consensus, from the lone analyst covering TrustCo Bank Corp NY, is for revenues of US$189.3m in 2024. This implies a small 5.9% reduction in TrustCo Bank Corp NY's revenue over the past 12 months. Statutory earnings per share are forecast to plunge 21% to US$2.89 in the same period. Yet prior to the latest earnings, the analyst had been anticipated revenues of US$189.8m and earnings per share (EPS) of US$2.86 in 2024. So it's pretty clear that, although the analyst has updated their estimates, there's been no major change in expectations for the business following the latest results.
考慮到最新的結果,目前的共識,從唯一的分析師涵蓋信託銀行公司紐約,是收入1.893億美元,在2024年。這意味著紐約信託銀行(TrustCo Bank Corp NY)過去12個月的收入小幅減少了5.9%。同期每股收益預計將下降21%,至2.89美元。然而,在最新收益之前,分析師預計2024年的收入為1.898億美元,每股收益(EPS)為2.86美元。因此,很明顯,儘管分析師已經更新了他們的估計,但在最新結果之後,對業務的預期沒有重大變化。
The consensus price target fell 7.1% to US$26.00, suggesting that the analyst might have been a bit enthusiastic in their previous valuation - or they were expecting the company to provide stronger guidance in the quarterly results.
共識目標價下跌7.1%至26.00美元,這表明分析師可能對之前的估值有點熱情,或者他們預計該公司將在季度業績中提供更強有力的指導。
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 4.7% by the end of 2024. This indicates a significant reduction from annual growth of 3.4% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 4.3% annually for the foreseeable future. It's pretty clear that TrustCo Bank Corp NY's revenues are expected to perform substantially worse than the wider industry.
瞭解這些預測的更多背景的一種方法是,將它們與過去的業績以及同一行業的其他公司的業績進行比較。這些估計意味著收入預計將放緩,到2024年底預計年化下降4.7%。這表明,與過去五年3.4%的年增長率相比,增長率大幅下降。相比之下,我們的數據表明,在可預見的未來,同一行業的其他公司(包括分析師)的收入預計將每年增長4.3%。很明顯,紐約信託銀行(TrustCo Bank Corp NY)的收入預計將遠遜於整個行業。
The Bottom Line
底線
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analyst holding their earnings forecasts steady, in line with previous estimates. Fortunately, the analyst also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that TrustCo Bank Corp NY's revenue is expected to perform worse than the wider industry. The consensus price target fell measurably, with the analyst seemingly not reassured by the latest results, leading to a lower estimate of TrustCo Bank Corp NY's future valuation.
最明顯的結論是,最近一段時間該業務的前景沒有發生重大變化,分析師保持他們的盈利預測穩定,與之前的估計一致。幸運的是,這位分析師還再次確認了他們的收入預期,這表明它的跟蹤符合預期。雖然我們的數據確實表明,紐約信託銀行的收入預計將表現不如更廣泛的行業。市場一致的目標價大幅下跌,分析師似乎對最新業績不放心,導致對紐約信託銀行未來估值的估計下調。
With that in mind, we wouldn't be too quick to come to a conclusion on TrustCo Bank Corp NY. Long-term earnings power is much more important than next year's profits. We have analyst estimates for TrustCo Bank Corp NY going out as far as 2025, and you can see them free on our platform here.
考慮到這一點,我們不會太快得出結論,信託銀行公司紐約。長期盈利能力比明年的利潤重要得多。我們有分析師對紐約信託銀行(TrustCo Bank Corp NY)到2025年的預測,您可以在我們的平臺上免費查看。
That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with TrustCo Bank Corp NY , and understanding this should be part of your investment process.
話雖如此,但仍有必要考慮投資風險的幽靈無處不在。我們已經確定了1個警告信號與紐約信託銀行合作,瞭解這一點應該是您投資過程的一部分。
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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.