Juewei Food Co., Ltd. Recorded A 24% Miss On Revenue: Analysts Are Revisiting Their Models
Juewei Food Co., Ltd. Recorded A 24% Miss On Revenue: Analysts Are Revisiting Their Models
It's been a good week for Juewei Food Co., Ltd. (SHSE:603517) shareholders, because the company has just released its latest first-quarter results, and the shares gained 8.8% to CN¥20.31. Revenues were CN¥1.7b, 24% shy of what the analysts were expecting, although statutory earnings of CN¥0.56 per share were roughly in line with what was forecast. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Juewei Food after the latest results.
對於覺味食品有限公司(SHSE: 603517)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一季度業績,股價上漲了8.8%,至20.31元人民幣。儘管每股0.56元人民幣的法定收益與預期大致一致,但收入爲17億元人民幣,比分析師的預期低24%。對於投資者來說,這是一個重要時刻,因爲他們可以在報告中追蹤公司的業績,看看專家對明年的預測,看看對該業務的預期是否有任何變化。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爵味食品的看法。
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After the latest results, the 16 analysts covering Juewei Food are now predicting revenues of CN¥8.12b in 2024. If met, this would reflect a meaningful 12% improvement in revenue compared to the last 12 months. Per-share earnings are expected to shoot up 129% to CN¥1.25. In the lead-up to this report, the analysts had been modelling revenues of CN¥8.56b and earnings per share (EPS) of CN¥1.48 in 2024. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a substantial drop in earnings per share estimates.
最新業績公佈後,報道覺味食品的16位分析師現在預測2024年的收入爲81.2億元人民幣。如果得到滿足,這將反映出與過去12個月相比收入的顯著增長了12%。預計每股收益將飆升129%,至1.25元人民幣。在本報告發布之前,分析師一直在模擬2024年的收入爲856億元人民幣,每股收益(EPS)爲1.48元人民幣。由此我們可以看出,在最新業績公佈之後,這種情緒肯定變得更加悲觀了,這導致收入預期降低,每股收益預期大幅下降。
The consensus price target fell 11% to CN¥29.35, with the weaker earnings outlook clearly leading valuation estimates. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Juewei Food, with the most bullish analyst valuing it at CN¥46.00 and the most bearish at CN¥18.00 per share. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
共識目標股價下跌11%,至29.35元人民幣,疲軟的盈利前景顯然領先於估值預期。共識目標股價只是個別分析師目標的平均值,因此——可以很方便地看到基礎估計值的範圍有多廣。對爵味食品的看法有所不同,最看漲的分析師將其估值爲46.00元人民幣,最看跌的爲每股18.00元人民幣。這是相當廣泛的估計,表明分析師正在預測該業務的各種可能結果。
Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Juewei Food's growth to accelerate, with the forecast 16% annualised growth to the end of 2024 ranking favourably alongside historical growth of 10% 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 12% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Juewei Food to grow faster than the wider industry.
當然,看待這些預測的另一種方法是將它們與行業本身聯繫起來。分析師們肯定預計聚味食品的增長將加速,預計到2024年底的年化增長率爲16%,與過去五年中每年10%的歷史增長率一樣,處於有利地位。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12%的速度增長。顯而易見,儘管增長前景比最近更光明,但分析師也預計Juewei Food的增長速度將超過整個行業。
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 Juewei Food. 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.
最大的擔憂是,分析師下調了每股收益預期,這表明聚味食品可能會面臨業務不利因素。遺憾的是,他們還下調了收入預期,但最新的預測仍然表明該業務的增長速度將快於整個行業。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。
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Juewei Food going out to 2026, and you can see them free on our platform here..
考慮到這一點,我們仍然認爲該業務的長期發展軌跡對於投資者來說更爲重要。在Simply Wall St,我們有分析師對Juewei Food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。
It is also worth noting that we have found 2 warning signs for Juewei Food that you need to take into consideration.
還值得注意的是,我們已經發現了Juewei Food的2個警告信號,你需要考慮。
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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。