Earnings Beat: Benchmark Electronics, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Earnings Beat: Benchmark Electronics, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
As you might know, Benchmark Electronics, Inc. (NYSE:BHE) just kicked off its latest second-quarter results with some very strong numbers. The company beat forecasts, with revenue of US$666m, some 4.9% above estimates, and statutory earnings per share (EPS) coming in at US$0.43, 28% ahead of expectations. 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.
就像你們可能知道的那樣，Benchmark Electronics, Inc.（紐交所股票代碼：BHE）剛剛發佈了最新的第二季度業績，取得了非常強勁的業績。公司在營業收入上打敗了預期，收益達到了6,6600萬美元，比預期高出了4.9%，而每股收益也比預期高出了28%，達到了0.43美元。對於投資者而言，這是一個重要的時刻，他們可以在報告中跟蹤公司的表現，查看專家對未來的預測，並了解業務預期是否有任何變化。因此，我們收集了最新的法定預測，以了解分析師對明年的預期。
Taking into account the latest results, the current consensus, from the three analysts covering Benchmark Electronics, is for revenues of US$2.64b in 2024. This implies a perceptible 4.0% reduction in Benchmark Electronics' revenue over the past 12 months. Statutory earnings per share are expected to decline 14% to US$1.62 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$2.62b and earnings per share (EPS) of US$1.51 in 2024. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.
考慮到最新業績，現在涵蓋Benchmark Electronics的三位分析師的共識預測是，截至2024年，公司將實現約26.4億美元的營業收入，與過去12個月相比下降4.0%。法定每股收益預計在同期下降14%，達到1.62美元。在這份收益報告之前，分析師曾預測Benchmark Electronics在2024年的營業收入爲26.2億美元，每股收益爲1.51美元。從他們的新每股收益預測來看，分析師似乎對公司更加看好。
The analysts have been lifting their price targets on the back of the earnings upgrade, with the consensus price target rising 10% to US$39.67. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Benchmark Electronics, with the most bullish analyst valuing it at US$46.00 and the most bearish at US$33.00 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
分析師在收益升級的基礎上提高了價格目標，共識價格目標上漲了10%，達到39.67美元。查看分析師估值範圍也可能是有益的，以評估離群觀點與均值之間的差異。Benchmark Electronics存在一些不同的觀點，其中最看好的分析師將其估值爲46.00美元，最看淡的估值爲33.00美元/股。這表明預測數據存在一定差異，但分析師似乎並沒有對股票產生全面分歧，認爲它可能是成功或失敗的情況。
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. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 7.9% by the end of 2024. This indicates a significant reduction from annual growth of 6.8% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 7.2% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Benchmark Electronics is expected to lag the wider industry.
現在看一下更大的圖景，我們可以通過比較過去的業績和行業增長預測來理解這些預測。這些預測表明營收有望放緩，到2024年底預計年化下降7.9%。這表明較過去5年的年增長率6.8%相比，將出現顯著下降。將其與我們的數據進行比較，我們發現，行業內其他公司的營收預計每年將增長7.2%。因此，儘管其營收預計將下降，但這不是銀邊般的閃亮，Benchmark Electronics預計將落後於整個行業。
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 takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Benchmark Electronics' earnings potential next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.
我們最大的收穫是共識的每股收益升級，這表明市場對Benchmark Electronics明年的盈利能力有了明顯的改善。好的一面是，沒有主要的營收預測變化。儘管預測表明Benchmark Electronics的表現將不如整個行業，但價格目標有了不錯的增長，分析師明顯感到公司的內在價值正在提高。
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Benchmark Electronics 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Benchmark Electronics的預測一直持續到2025年，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 Benchmark Electronics that you should be aware of.
然而，在您過於興奮之前，我們發現了一項Benchmark Electronics的警告信號，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.
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。