Results: Focus Lightings Tech Co., Ltd. Exceeded Expectations And The Consensus Has Updated Its Estimates
Results: Focus Lightings Tech Co., Ltd. Exceeded Expectations And The Consensus Has Updated Its Estimates
Focus Lightings Tech Co., Ltd. (SZSE:300708) investors will be delighted, with the company turning in some strong numbers with its latest results. It was overall a positive result, with revenues beating expectations by 2.8% to hit CN¥2.5b. Focus Lightings Tech reported statutory earnings per share (EPS) CN¥0.21, which was a notable 11% above what the analysts had forecast. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
福克斯照明科技股份有限公司(深圳證券交易所代碼:300708)的投資者將感到高興,該公司的最新業績帶來了一些強勁的數字。總體而言,這是一個積極的結果,收入比預期高出2.8%,達到25億元人民幣。焦點照明科技公佈的法定每股收益(EPS)爲0.21元人民幣,明顯比分析師的預測高出11%。對於投資者來說,盈利是一個重要時刻,因爲他們可以追蹤公司的業績,查看分析師對明年的預測,看看對公司的情緒是否發生了變化。因此,我們收集了最新的業績後法定共識估計,以了解明年可能會發生什麼。
Check out our latest analysis for Focus Lightings Tech
查看我們對 Focus Lightings Tech 的最新分析
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After the latest results, the three analysts covering Focus Lightings Tech are now predicting revenues of CN¥2.82b in 2024. If met, this would reflect a meaningful 14% improvement in revenue compared to the last 12 months. Per-share earnings are expected to ascend 16% to CN¥0.21. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥2.83b and earnings per share (EPS) of CN¥0.27 in 2024. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a pretty serious reduction to EPS estimates.
在最新業績公佈後,報道福克斯照明科技的三位分析師現在預測2024年的收入爲28.2億元人民幣。如果得到滿足,這將反映出收入與過去12個月相比顯著增長了14%。每股收益預計將增長16%,至0.21元人民幣。然而,在最新業績公佈之前,分析師曾預計2024年的收入爲28.3億元人民幣,每股收益(EPS)爲0.27元人民幣。最新業績公佈後,分析師似乎變得更加看跌。儘管收入預測沒有變化,但每股收益的估計卻大幅下降。
The average price target fell 7.2% to CN¥12.30, with reduced earnings forecasts clearly tied to a lower valuation estimate. 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 Focus Lightings Tech at CN¥12.60 per share, while the most bearish prices it at CN¥12.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
平均目標股價下跌7.2%,至12.30元人民幣,收益預期的下調顯然與估值估計值的降低有關。但是,固定單一價格目標可能是不明智的,因爲共識目標實際上是分析師目標股價的平均值。因此,一些投資者喜歡查看估計範圍,看看對公司的估值是否有任何分歧。目前,最看漲的分析師對Focus Lightings Tech的估值爲每股12.60元人民幣,而最看跌的分析師估值爲12.00元人民幣。由於估值範圍如此狹窄,分析師顯然對他們認爲的業務價值有相似的看法。
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. We would highlight that Focus Lightings Tech's revenue growth is expected to slow, with the forecast 14% annualised growth rate until the end of 2024 being well below the historical 23% 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 24% per year. Factoring in the forecast slowdown in growth, it seems obvious that Focus Lightings Tech is also expected to grow slower than other industry participants.
了解這些預測的更多背景信息的一種方法是研究它們與過去的業績相比如何,以及同一行業中其他公司的表現。我們要強調的是,Focus Lightings Tech的收入增長預計將放緩,預計到2024年底的年化增長率爲14%,遠低於過去五年中歷史上23%的年增長率。相比之下,該行業中其他有分析師報道的公司的收入預計將以每年24%的速度增長。考慮到預期的增長放緩,很明顯,預計Focus Lightings Tech的增長速度也將低於其他行業參與者。
The Bottom Line
底線
The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Focus Lightings Tech's future valuation.
要了解的最重要的一點是,分析師下調了每股收益的預期,這表明公佈這些業績後,市場情緒明顯下降。從好的方面來看,收入估計沒有重大變化;儘管預測表明它們的表現將比整個行業差。共識目標股價大幅下降,最新業績似乎並未讓分析師放心,這導致對Focus Lightings Tech未來估值的估計降低。
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Focus Lightings Tech going out to 2026, and you can see them free on our platform here.
根據這種思路,我們認爲該業務的長期前景比明年的收益重要得多。我們對Focus Lightings Tech的預測將持續到2026年,你可以在我們的平台上免費查看。
And what about risks? Every company has them, and we've spotted 2 warning signs for Focus Lightings Tech you should know about.
那風險呢?每家公司都有它們,我們已經發現了兩個你應該知道的Focus Lightings Tech警告標誌。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。