Shanghai Pret Composites Co., Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
Shanghai Pret Composites Co., Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
Shareholders might have noticed that Shanghai Pret Composites Co., Ltd. (SZSE:002324) filed its first-quarter result this time last week. The early response was not positive, with shares down 4.7% to CN¥10.19 in the past week. Revenues were CN¥1.9b, 22% shy of what the analysts were expecting, although statutory earnings of CN¥0.45 per share were roughly in line with what was forecast. 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.
股東可能已經注意到,上海普利特複合材料股份有限公司(SZSE:002324)在上週的這個時候發佈了第一季度的業績。市場反應不太積極,股票在過去一週下跌了4.7%至人民幣10.19元。收入爲19億元人民幣,比分析師預期的要少22%,儘管每股淨利潤0.45元人民幣與預期基本相符。業績發佈後,分析師們已經更新了公司的盈利模型,現在需要知道他們是否認爲公司的前景發生了強烈變化,還是像往常一樣。因此,我們彙集了最新的業績預測,以查看對明年有何預測。
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Taking into account the latest results, the most recent consensus for Shanghai Pret Composites from four analysts is for revenues of CN¥11.0b in 2024. If met, it would imply a huge 26% increase on its revenue over the past 12 months. Per-share earnings are expected to bounce 24% to CN¥0.50. In the lead-up to this report, the analysts had been modelling revenues of CN¥14.2b and earnings per share (EPS) of CN¥0.70 in 2024. It looks like sentiment has declined substantially in the aftermath of these results, with a large cut to revenue estimates and a large cut to earnings per share numbers as well.
考慮到最新的結果,四家分析師對上海普利特複合的最新共識是預計2024年營業收入將達到110億元人民幣。如果實現,將意味着其營業收入在過去12個月內大幅增長了26%。每股收益預計將上漲24%至0.50元人民幣。在此報告之前,分析師們一直在預測2024年營業收入142億元人民幣和每股收益(EPS)爲0.70元人民幣。看起來在這些結果之後,市場情緒已經大幅下降,營收預估數據和每股收益預估數字都大幅下降。
It'll come as no surprise then, to learn that the analysts have cut their price target 24% to CN¥11.80.
毫不奇怪,分析師們將其股價目標下調24%至人民幣11.80元。
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 Shanghai Pret Composites' growth to accelerate, with the forecast 36% annualised growth to the end of 2024 ranking favourably alongside historical growth of 21% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 16% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Shanghai Pret Composites to grow faster than the wider industry.
了解這些預測的更多背景,一種方法是查看它們與過去表現和同一行業內其他公司的表現相比如何。分析師們確實預計上海普利特複合的增長將加速,2024年的預測年增長率36%在歷史增長率21%的基礎上排名居前。對比一下同行業其他公司的預計收入年增長率16%。很明顯,儘管增長前景比最近過去更爲廣闊,但分析師們也期望上海普利特複合的增速將超過整個行業。
The Bottom Line
最重要的事情是分析師增加了它對下一年每股虧損的估計。令人欣慰的是,營收預測未發生重大變化,業務仍有望比整個行業增長更快。共識價格目標穩定在28.50美元,最新估計不足以對價格目標產生影響。
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Shanghai Pret Composites. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will 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.
最大的問題在於分析師們下調了其每股收益預測,表明上海普利特複合可能會遭遇業務阻力。令人遺憾的是,他們還下調了收入預測,但最新的預測仍然表明該公司的商業增長將快於整個行業。此外,分析師們還下調了股價目標,這表明最新消息導致人們對該公司的內在價值持更加悲觀態度。
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Shanghai Pret Composites going out to 2026, and you can see them free on our platform here..
話雖如此,公司盈利的長期發展軌跡比明年更爲重要。在Simply Wall St上,我們已經對上海普利特複合的分析師預測進行了完整的覆蓋,直至2026年,您可以在我們的平台上免費查看它們。
And what about risks? Every company has them, and we've spotted 2 warning signs for Shanghai Pret Composites you should know about.
那風險呢?每個公司都有風險,我們注意到上海普利特複合有2個警示符,您應該知道。
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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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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。