QCR Holdings, Inc. Just Recorded A 22% EPS Beat: Here's What Analysts Are Forecasting Next
QCR Holdings, Inc. Just Recorded A 22% EPS Beat: Here's What Analysts Are Forecasting Next
It's been a good week for QCR Holdings, Inc. (NASDAQ:QCRH) shareholders, because the company has just released its latest quarterly results, and the shares gained 3.8% to US$57.54. Revenues of US$82m fell slightly short of expectations, but earnings were a definite bright spot, with statutory per-share profits of US$1.58 an impressive 22% ahead of estimates. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
對於QCR Holdings, Inc.(納斯達克股票代碼:QCRH)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季度業績,股價上漲了3.8%,至57.54美元。8200萬美元的收入略低於預期,但收益無疑是一個亮點,法定每股利潤爲1.58美元,比預期高出22%,令人印象深刻。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。考慮到這一點,我們收集了最新的法定預測,以了解分析師對明年的預期。
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After the latest results, the five analysts covering QCR Holdings are now predicting revenues of US$356.0m in 2024. If met, this would reflect a satisfactory 5.6% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to decline 13% to US$5.84 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$357.8m and earnings per share (EPS) of US$5.65 in 2024. So the consensus seems to have become somewhat more optimistic on QCR Holdings' earnings potential following these results.
根據最新業績,負責QCR Holdings的五位分析師現在預測2024年的收入爲3.56億美元。如果達到,這將反映出與過去12個月相比,收入增長了令人滿意的5.6%。預計同期法定每股收益將下降13%,至5.84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3.578億美元,每股收益(EPS)爲5.65美元。因此,在這些業績公佈後,人們對QCR Holdings的盈利潛力的共識似乎變得更加樂觀了。
The consensus price target was unchanged at US$70.90, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on QCR Holdings, with the most bullish analyst valuing it at US$72.50 and the most bearish at US$70.00 per share. This is a very narrow spread of estimates, implying either that QCR Holdings is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
共識目標股價保持不變,爲70.90美元,這意味着盈利前景的改善預計不會對股東的價值創造產生長期影響。但是,還有另一種思考價格目標的方法,那就是研究分析師提出的價格目標範圍,因爲範圍廣泛的估計可能表明,對業務可能的結果有不同的看法。對QCR Holdings的看法有所不同,最看漲的分析師將其估值爲72.50美元,最看跌的爲每股70.00美元。這與估計值的差距非常小,這意味着QCR Holdings是一家易於估值的公司,或者——更有可能是——分析師嚴重依賴一些關鍵假設。
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the QCR Holdings' past performance and to peers in the same industry. It's pretty clear that there is an expectation that QCR Holdings' revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 7.6% growth on an annualised basis. This is compared to a historical growth rate of 12% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 6.0% per year. So it's pretty clear that, while QCR Holdings' revenue growth is expected to slow, it's still expected to grow faster than the industry itself.
這些估計很有趣,但是在查看預測與QCR Holdings過去的表現以及與同一行業的同行進行比較時,可以更粗略地描述一些細節。很明顯,預計QCR Holdings的收入增長將大幅放緩,預計到2024年底的收入按年計算將增長7.6%。相比之下,過去五年的歷史增長率爲12%。將其與業內其他有分析師報道的公司並列,預計這些公司的收入(總計)每年將增長6.0%。因此,很明顯,儘管QCR Holdings的收入增長預計將放緩,但預計其增長速度仍將超過該行業本身。
The Bottom Line
底線
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around QCR Holdings' earnings potential next year. 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. The consensus price target held steady at US$70.90, with the latest estimates not enough to have an impact on their price targets.
對我們來說,最大的收穫是共識的每股收益上調,這表明人們對QCR Holdings明年盈利潛力的看法明顯改善。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。共識目標股價穩定在70.90美元,最新估計不足以對其目標股價產生影響。
With that in mind, we wouldn't be too quick to come to a conclusion on QCR Holdings. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple QCR Holdings analysts - going out to 2025, and you can see them free on our platform here.
考慮到這一點,我們不會很快就QCR Holdings得出結論。長期盈利能力比明年的利潤重要得多。來自多位QCR Holdings分析師的估計,預計將持續到2025年,你可以在我們的平台上免費查看。
You still need to take note of risks, for example - QCR Holdings has 1 warning sign we think you should be aware of.
例如,您仍然需要注意風險——QCR Holdings有1個我們認爲您應該注意的警告信號。
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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。