Satellite Chemical Co.,Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
Satellite Chemical Co.,Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
As you might know, Satellite Chemical Co.,Ltd. (SZSE:002648) recently reported its quarterly numbers. It looks like a pretty bad result, all things considered. Although revenues of CN¥11b were in line with analyst predictions, statutory earnings fell badly short, missing estimates by 36% to hit CN¥0.31 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Satellite ChemicalLtd after the latest results.
正如您所知，衛星化學股份有限公司（股票代碼SZSE:002648）最近公佈了季度業績。就綜合考慮而言，結果似乎相當糟糕。雖然110億人民幣的收入符合分析師的預測，但法定利潤嚴重不足，每股收益爲0.31元人民幣，比預估值低了36%。根據最新業績，分析師更新了其盈利模型，我們很想知道他們是否認爲公司前景發生了強烈變化，還是一切照舊。讀者會很高興知道，我們已經彙總了最新的法定預測，以查看分析師是否在最新業績之後改變了對衛星化學股份有限公司的看法。
After the latest results, the twelve analysts covering Satellite ChemicalLtd are now predicting revenues of CN¥47.2b in 2024. If met, this would reflect a decent 16% improvement in revenue compared to the last 12 months. Per-share earnings are expected to expand 17% to CN¥1.74. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥47.8b and earnings per share (EPS) of CN¥1.77 in 2024. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
在最新的業績公佈之後，覆蓋衛星化學的12位分析師現在預測其2024年的收入爲472億人民幣。如果達到的話，這將反映出與過去12個月相比，收入有相當大的16%的增長。預計每股收益將增加17%，即1.74元人民幣。然而，在最新業績之前，分析師預計2024年的收入爲478億人民幣，每股收益（EPS）爲1.77元人民幣。共識分析師似乎沒有看到業績公佈後有任何改變，因爲他們對公司的估計沒有發生重大變化。
There were no changes to revenue or earnings estimates or the price target of CN¥21.96, suggesting that the company has met expectations in its recent result. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Satellite ChemicalLtd at CN¥25.06 per share, while the most bearish prices it at CN¥20.28. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.
收入或盈利預估沒有變化，價格目標爲21.96元人民幣，表明公司在其最近業績方面符合預期。觀察分析師估計的範圍也是很有指導意義的，以評估離群意見與平均值的差異。目前，最看好的分析師認爲衛星化學股份有限公司的每股對價爲25.06元人民幣，而最看淡的則爲20.28元人民幣。估計範圍狹窄可能表明業務未來相對容易價值，或分析師對其前景有強烈看法。
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 36% growth on an annualised basis. That is in line with its 31% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 15% annually. So it's pretty clear that Satellite ChemicalLtd is forecast to grow substantially faster than its industry.
現在來看看更大的畫面，了解這些預測的一種方法就是比較它們與過去的表現和行業增長估計相比如何。根據分析師的預測，到2024年底，收入預計將以年化36%的速度增長，這與其過去五年的31%的年增長率相一致。將其與整個行業相比，分析師的預估表明，後者預計每年的收入增長將達到15%。因此，很明顯，衛星化學股份有限公司預計將比其所在的行業增長更快。
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 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. 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 CN¥21.96, with the latest estimates not enough to have an impact on their price targets.
最重要的是，沒有重大的情緒變化，分析師證實公司表現符合之前的每股收益預估。令人欣慰的是，他們還重申了收入數字，表明該公司的預期符合預期。此外，我們的數據顯示，該公司的收入預計將比更廣泛的行業增長更快。共識價格目標保持在21.96元人民幣，最新的預估數據不足以對其價格目標產生影響。
With that in mind, we wouldn't be too quick to come to a conclusion on Satellite ChemicalLtd. Long-term earnings power is much more important than next year's profits. We have forecasts for Satellite ChemicalLtd going out to 2026, and you can see them free on our platform here.
考慮到這一點，我們不應過快地得出結論，衛星化學股份有限公司的長期盈利能力比明年的利潤更重要。我們對衛星化學股份有限公司到2026年的預測，您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 Satellite ChemicalLtd that you should be aware of.
然而，在您猜想之前，我們發現了Satellite Chemical Ltd的一個警示信號，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。
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