Analysts Have Made A Financial Statement On Watts Water Technologies, Inc.'s (NYSE:WTS) Yearly Report
Analysts Have Made A Financial Statement On Watts Water Technologies, Inc.'s (NYSE:WTS) Yearly Report
Watts Water Technologies, Inc. (NYSE:WTS) last week reported its latest yearly results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. It was a credible result overall, with revenues of US$2.1b and statutory earnings per share of US$7.82 both in line with analyst estimates, showing that Watts Water Technologies is executing in line with expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
Watts Water Technologies, Inc.(紐約證券交易所代碼:WTS)上週公佈了其最新的年度業績,這是投資者深入了解該業務表現是否符合預期的好時機。總體而言,這是一個可信的業績,收入爲21億美元,法定每股收益爲7.82美元,均符合分析師的預期,這表明瓦茨水務科技的業績符合預期。根據結果,分析師更新了他們的盈利模式,很高興知道他們是否認爲公司的前景發生了巨大變化,或者業務是否照舊。我們認爲,讀者會發現分析師對明年最新(法定)業績後的預測很有趣。
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Following the latest results, Watts Water Technologies' nine analysts are now forecasting revenues of US$2.26b in 2024. This would be a solid 10.0% improvement in revenue compared to the last 12 months. Per-share earnings are expected to increase 6.5% to US$8.38. In the lead-up to this report, the analysts had been modelling revenues of US$2.25b and earnings per share (EPS) of US$8.35 in 2024. 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.
根據最新業績,瓦茨水務科技的九位分析師現在預測2024年的收入爲22.6億美元。與過去12個月相比,這將使收入穩步增長10.0%。每股收益預計將增長6.5%,至8.38美元。在本報告發布之前,分析師一直在模擬2024年的收入爲22.5億美元,每股收益(EPS)爲8.35美元。因此,很明顯,儘管分析師已經更新了估計,但在最新業績公佈後,對該業務的預期沒有重大變化。
It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$205. 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. The most optimistic Watts Water Technologies analyst has a price target of US$217 per share, while the most pessimistic values it at US$175. This is a very narrow spread of estimates, implying either that Watts Water Technologies is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
因此,得知共識目標股價基本保持不變爲205美元也就不足爲奇了。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。最樂觀的瓦茨水務技術分析師將目標股價定爲每股217美元,而最悲觀的分析師則將其估值爲175美元。這與估計值的差異非常小,這意味着Watts Water Technologies是一家易於估值的公司,或者(更有可能)分析師嚴重依賴一些關鍵假設。
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. The analysts are definitely expecting Watts Water Technologies' growth to accelerate, with the forecast 10.0% annualised growth to the end of 2024 ranking favourably alongside historical growth of 6.7% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 3.2% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Watts Water Technologies to grow faster 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。分析師肯定預計瓦茨水務科技的增長將加速,預計到2024年底的年化增長率爲10.0%,而過去五年的歷史年增長率爲6.7%。相比之下,我們的數據表明,預計類似行業的其他公司(有分析師報道)的收入將以每年3.2%的速度增長。顯而易見,儘管增長前景比最近更加光明,但分析師也預計瓦茨水務科技的增長速度將超過整個行業。
The Bottom Line
底線
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at US$205, with the latest estimates not enough to have an impact on their price targets.
要了解的最重要的一點是,市場情緒沒有重大變化,分析師再次確認該業務的表現與他們先前的每股收益預期一致。令人高興的是,收入預測沒有重大變化,預計該業務的增長速度仍將快於整個行業。共識目標股價穩定在205美元,最新估計不足以對其目標價格產生影響。
With that in mind, we wouldn't be too quick to come to a conclusion on Watts Water Technologies. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Watts Water Technologies going out to 2026, and you can see them free on our platform here..
考慮到這一點,我們不會很快就瓦茨水務技術得出結論。長期盈利能力比明年的利潤重要得多。在Simply Wall St,我們有分析師對瓦茨水務科技公司到2026年的全方位估計,你可以在我們的平台上免費看到這些估計。
However, before you get too enthused, we've discovered 1 warning sign for Watts Water Technologies that you should be aware of.
但是,在你變得太熱情之前,我們已經發現了Watts Water Technologies的1個警告標誌,你應該注意這一點。
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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.
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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。