Provident Financial Holdings, Inc. Just Beat EPS By 22%: Here's What Analysts Think Will Happen Next
Provident Financial Holdings, Inc. Just Beat EPS By 22%: Here's What Analysts Think Will Happen Next
It's been a good week for Provident Financial Holdings, Inc. (NASDAQ:PROV) shareholders, because the company has just released its latest second-quarter results, and the shares gained 4.1% to US$15.10. It looks to have been a decent result overall - while revenue fell marginally short of analyst estimates at US$9.6m, statutory earnings beat expectations by a notable 22%, coming in at US$0.31 per share. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Provident Financial Holdings after the latest results.
對於Provident Financial Holdings, Inc.(納斯達克股票代碼:PROV)的股東來說,這是美好的一週,因爲該公司剛剛發佈了最新的第二季度業績,股價上漲了4.1%,至15.10美元。總體而言,這似乎是一個不錯的業績——雖然收入略低於分析師預期的960萬美元,但法定收益明顯超出預期的22%,爲每股0.31美元。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。讀者會很高興得知我們已經彙總了最新的法定預測,以了解分析師在最新業績公佈後是否改變了對Provident Financial Holdings的看法。
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Taking into account the latest results, the current consensus, from the dual analysts covering Provident Financial Holdings, is for revenues of US$39.2m in 2024. This implies a perceptible 2.9% reduction in Provident Financial Holdings' revenue over the past 12 months. Statutory earnings per share are forecast to reduce 4.3% to US$1.10 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$40.0m and earnings per share (EPS) of US$1.28 in 2024. The analysts seem less optimistic after the recent results, reducing their revenue forecasts and making a real cut to earnings per share numbers.
考慮到最新業績,負責公積金控股的雙重分析師目前的共識是,2024年的收入爲3,920萬美元。這意味着在過去12個月中,公積金控股的收入明顯減少了2.9%。預計同期法定每股收益將下降4.3%,至1.10美元。然而,在最新業績公佈之前,分析師曾預計2024年的收入爲4,000萬美元,每股收益(EPS)爲1.28美元。在最近的業績公佈後,分析師似乎不那麼樂觀,他們下調了收入預期,並實際削減了每股收益數字。
What's most unexpected is that the consensus price target rose 19% to US$15.50, strongly implying the downgrade to forecasts is not expected to be more than a temporary blip.
最出乎意料的是,共識目標股價上漲了19%,至15.50美元,這強烈意味着預測的下調預計只不過是暫時性的。
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 also point out that the forecast 5.7% annualised revenue decline to the end of 2024 is roughly in line with the historical trend, which saw revenues shrink 5.9% annually over the past five years Compare this against analyst estimates for companies in the broader industry, which suggest that revenues (in aggregate) are expected to grow 5.6% annually. So it's pretty clear that, while it does have declining revenues, the analysts also expect Provident Financial Holdings to suffer worse than the wider industry.
我們可以從大局的角度看待這些估計值的另一種方式,例如預測如何與過去的表現相提並論,以及預測相對於業內其他公司是否或多或少看漲。我們還要指出,到2024年底,預計年化收入下降5.7%,與歷史趨勢大致一致,過去五年收入每年下降5.9%,與分析師對更廣泛行業公司的估計相比,該行業的公司預計收入(總計)將增長5.6%。因此,很明顯,儘管收入確實在下降,但分析師也預計,Provident Financial Holdings遭受的損失將比整個行業還要嚴重。
The Bottom Line
底線
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Provident Financial Holdings. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.
最大的擔憂是,分析師下調了每股收益預期,這表明Provident Financial Holdings可能會面臨業務不利因素。不幸的是,他們還下調了收入預期,我們的數據顯示,與整個行業相比,表現不佳。即便如此,每股收益對業務的內在價值更爲重要。我們注意到目標股價已上調,這表明分析師認爲該業務的內在價值可能會隨着時間的推移而提高。
With that in mind, we wouldn't be too quick to come to a conclusion on Provident Financial Holdings. Long-term earnings power is much more important than next year's profits. We have analyst estimates for Provident Financial Holdings going out as far as 2025, and you can see them free on our platform here.
考慮到這一點,我們不會很快就普羅維登特金融控股得出結論。長期盈利能力比明年的利潤重要得多。分析師估計,Provident Financial Holdings的上市時間將持續到2025年,你可以在我們的平台上免費查看。
You can also view our analysis of Provident Financial Holdings' balance sheet, and whether we think Provident Financial Holdings is carrying too much debt, for free on our platform here.
您還可以在我們的平台上免費查看我們對Provident Financial Holdings資產負債表的分析,以及我們是否認爲Provident Financial Holdings揹負了過多的債務。
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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。