Western Superconducting Technologies Co., Ltd. Just Missed EPS By 15%: Here's What Analysts Think Will Happen Next
Western Superconducting Technologies Co., Ltd. Just Missed EPS By 15%: Here's What Analysts Think Will Happen Next
Last week, you might have seen that Western Superconducting Technologies Co., Ltd. (SHSE:688122) released its full-year result to the market. The early response was not positive, with shares down 2.3% to CN¥36.82 in the past week. Revenues were in line with forecasts, at CN¥4.2b, although statutory earnings per share came in 15% below what the analysts expected, at CN¥1.16 per share. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
上週,你可能已經看到西方超導技術有限公司(SHSE: 688122)向市場發佈了全年業績。早期的反應並不樂觀,過去一週股價下跌2.3%,至36.82元人民幣。收入與預期一致,爲42億元人民幣,儘管法定每股收益比分析師預期的每股1.16元人民幣低15%。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。因此,我們收集了最新的業績後預測,以了解估計對明年的預測。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240401/0-89a92a99207f001afad0a0ae92c941d0-0-891c31f99d51f7ab35668ff572799fd1.png/big)
Taking into account the latest results, the current consensus from Western Superconducting Technologies' six analysts is for revenues of CN¥5.86b in 2024. This would reflect a huge 41% increase on its revenue over the past 12 months. Per-share earnings are expected to jump 57% to CN¥1.81. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥5.93b and earnings per share (EPS) of CN¥1.91 in 2024. The analysts seem to have become a little more negative on the business after the latest results, given the small dip in their earnings per share numbers for next year.
考慮到最新業績,西方超導科技的六位分析師目前的共識是,2024年的收入爲58.6億元人民幣。這將反映其收入在過去12個月中大幅增長了41%。每股收益預計將增長57%,至1.81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59.3億元人民幣,每股收益(EPS)爲1.91元人民幣。鑑於明年每股收益略有下降,分析師在最新業績公佈後似乎對該業務變得更加消極了。
It might be a surprise to learn that the consensus price target fell 11% to CN¥51.49, with the analysts clearly linking lower forecast earnings to the performance of the stock price. 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 Western Superconducting Technologies analyst has a price target of CN¥59.56 per share, while the most pessimistic values it at CN¥43.42. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.
得知共識目標股價下跌11%,至51.49元人民幣,這可能會令人驚訝,分析師明確將較低的預測收益與股價表現聯繫起來。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。最樂觀的西方超導技術分析師將目標股價定爲每股59.56元人民幣,而最悲觀的分析師則將其估值爲43.42元人民幣。如你所見,分析師對該股的未來並不完全一致,但估計範圍仍然相當狹窄,這可能表明結果並非完全不可預測。
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. The analysts are definitely expecting Western Superconducting Technologies' growth to accelerate, with the forecast 41% annualised growth to the end of 2024 ranking favourably alongside historical growth of 28% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 10% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Western Superconducting Technologies is expected to grow much faster than its industry.
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。分析師們肯定預計,西方超導科技的增長將加速,預計到2024年底的年化增長率爲41%,而過去五年的歷史年增長率爲28%。相比之下,同行業的其他公司預計收入每年將增長10%。考慮到收入增長的預測,很明顯,西方超導技術公司的增長速度預計將比其行業快得多。
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. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.
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。幸運的是,他們還再次確認了收入數字,表明收入符合預期。此外,我們的數據表明,收入的增長速度預計將快於整個行業。此外,分析師還下調了目標股價,這表明最新消息加劇了人們對業務內在價值的悲觀情緒。
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Western Superconducting Technologies analysts - going out to 2026, and you can see them free on our platform here.
話雖如此,公司收益的長期軌跡比明年重要得多。根據多位西方超導科技分析師的估計,到2026年,你可以在我們的平台上免費查看。
However, before you get too enthused, we've discovered 1 warning sign for Western Superconducting Technologies that you should be aware of.
但是,在你變得太熱情之前,我們已經發現了西方超導科技的1個警告信號,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。