Community West Bancshares (NASDAQ:CWBC) Analysts Are Cutting Their Estimates: Here's What You Need To Know
Community West Bancshares (NASDAQ:CWBC) Analysts Are Cutting Their Estimates: Here's What You Need To Know
Community West Bancshares (NASDAQ:CWBC) missed earnings with its latest second-quarter results, disappointing overly-optimistic forecasters. Statutory earnings fell substantially short of expectations, with revenues of US$30m missing forecasts by 22%. Losses exploded, with a per-share loss of US$0.33 some 60% below prior forecasts. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
西部社區銀行(NASDAQ:CWBC)在最新的第二季度業績中錯過了盈利目標,讓過於樂觀的預測者感到失望。法定收益大大低於預期,3000萬美元的營業收入比預期少了22%。虧損激增,每股虧損0.33美元,比之前的預期低了60%。 這對投資者來說是重要的時刻,他們可以在報告中跟蹤公司的業績,查看專家對下年度的預測,以及是否有業務預期變化。鑑此,我們彙集了最新的法定預測,看看分析師對下一年的期望。
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Taking into account the latest results, the consensus forecast from Community West Bancshares' five analysts is for revenues of US$122.0m in 2024. This reflects a sizeable 43% improvement in revenue compared to the last 12 months. Per-share earnings are expected to jump 42% to US$0.72. In the lead-up to this report, the analysts had been modelling revenues of US$140.2m and earnings per share (EPS) of US$1.40 in 2024. Indeed, we can see that the analysts are a lot more bearish about Community West Bancshares' prospects following the latest results, administering a substantial drop in revenue estimates and slashing their EPS estimates to boot.
考慮到最新的業績,西部社區銀行的五名分析師的共識預測是,在2024年的營業收入將達到1.22億美元,相比過去12個月增長43%。預計每股收益將增長42%,至0.72美元。在此報告發布前,分析師們曾預測2024年的營收爲1.402億美元,每股收益爲1.4美元。事實上,我們可以看到,分析師們對西部社區銀行的前景更加看淡,大幅削減了收入預期,並將每股收益預期下調。
The analysts made no major changes to their price target of US$23.75, suggesting the downgrades are not expected to have a long-term impact on Community West Bancshares' valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Community West Bancshares analyst has a price target of US$25.00 per share, while the most pessimistic values it at US$23.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Community West Bancshares is an easy business to forecast or the the analysts are all using similar assumptions.
分析師沒有對其23.75美元的法定目標進行重大修改,這表明下調預期不會對西部社區銀行的估值產生長期影響。然而,我們從這些數據中還可以得出另一個結論,即在評估分析師價格目標時,一些投資者還喜歡考慮估值的差異。最樂觀的西部社區銀行分析師將其股價目標定在25.00美元,而最悲觀者則將其定在23.00美元。即便如此,由於估值預期相對接近,看來分析師們對其估值相當有信心,這表明西部社區銀行是一家易於預測的企業,或者分析師們都在使用類似的假設。
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The analysts are definitely expecting Community West Bancshares' growth to accelerate, with the forecast 105% annualised growth to the end of 2024 ranking favourably alongside historical growth of 3.9% 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 6.3% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Community West Bancshares to grow faster than the wider industry.
我們可以從更廣闊的角度來看待這些預測,例如預測與過去表現的比較,以及預測與行業其他公司相對看漲還是看跌。分析師們肯定預計西部社區銀行的增長將加速,預計到2024年底,105%的年增長率排名靠前,與過去五年3.9%的年增長率相比排名更靠前。相比之下,我們的數據顯示,在類似行業的其他公司(有分析師覆蓋)中,預計年收入增長率爲6.3%。顯而易見的是,雖然增長前景比最近要好,但分析師們也期望西部社區銀行的增幅將超過整個行業。
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 Community West Bancshares. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than the wider industry. The consensus price target held steady at US$23.75, with the latest estimates not enough to have an impact on their price targets.
最大的問題是分析師下調了每股收益估算,表明西部社區銀行可能會遇到業務困境。遺憾的是,他們還下調了營收預測,但最新的預測仍意味着該企業將比整個行業增長更快。共識價值目標穩定在23.75美元,最新預測不足以對其價格目標產生影響。
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Community West Bancshares going out to 2025, 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更重要。我們對西部社區銀行的預測延伸到2025年,您可以在這裏免費查看。
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Community West Bancshares (1 is potentially serious) you should be aware of.
請不要忘記,可能仍存在一些風險。例如,我們已經發現西部社區銀行存在3個警示信號(其中1個可能很嚴重),您應該注意。
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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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。