Results: PTC Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Results: PTC Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
PTC Inc. (NASDAQ:PTC) came out with its quarterly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. It looks to have been a decent result overall - while revenue fell marginally short of analyst estimates at US$519m, statutory earnings beat expectations by a notable 13%, coming in at US$0.57 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
上週,PTC Inc.(NASDAQ:PTC)公佈了第四季度業績,我們想看看該企業的業務表現以及本次報告後業內預測師對該公司的看法。整體而言,結果似乎還不錯——營業收入略低於分析師預期的51900萬美元,但法定盈利高出13%,每股收益達到0.57美元。在發佈業績報告後,分析師們更新了其盈利模型。因此,了解他們是否認爲該公司前景發生了巨大變化,還是一如既往 非常重要。因此,我們收集了最新的盈餘法定共識預測,以了解明年可能發生的情況。
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Taking into account the latest results, the consensus forecast from PTC's 19 analysts is for revenues of US$2.55b in 2025. This reflects a decent 15% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to surge 60% to US$3.95. In the lead-up to this report, the analysts had been modelling revenues of US$2.57b and earnings per share (EPS) of US$4.14 in 2025. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year.
考慮到最新的業績結果,PTC的19位分析師的共識預測是,可預期在2025年收益達到25.5億美元,相比過去12個月有15%的增長。預計法定每股收益將大幅增長60%至3.95美元。在發佈該報告之前,分析師們一直在模擬2025年的營收爲25.7億美元,每股收益(EPS)爲4.14美元。在此次業績報告後,鑑於明年每股盈利的輕微下調,分析師們似乎對該業務變得更加消極。
It might be a surprise to learn that the consensus price target was broadly unchanged at US$201, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. 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 PTC at US$220 per share, while the most bearish prices it at US$156. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.
有些意外的是,共識價格目標基本保持不變,爲201美元,分析師們明顯暗示收益預期下降對估值沒有太大影響。此外,檢視分析師的多樣預測也是一個教材性的例子,以評估群體意見與離群值意見以及平均聲音之間的差異。目前最看好該公司的分析師給出每股220美元的估值,而最看淡的則給出每股156美元的估值。可以看出,分析師對這支股票的未來看法並不一致,但估價範圍仍相對較窄,這可能表明結果並不完全不可預見。
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. We can infer from the latest estimates that forecasts expect a continuation of PTC'shistorical trends, as the 12% annualised revenue growth to the end of 2025 is roughly in line with the 12% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 12% annually. So although PTC is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.
我們可以將這些估價與更大的背景相比較,例如,預測與過去的表現相比如何,以及相對於行業中其他公司而言預測是更爲看好還是更爲淡薄。我們可以從最新的預測中推斷出預測機構認爲PTC的歷史趨勢會延續下去,因爲在2025年底之前的年化營收增長率約爲12%,與過去五年12%的年增長率相當。與整個行業相比,根據分析師的預測(按總數計算),該行業的年均營收增長率爲12%。因此,儘管預計PTC將保持其營收增長率,但它的增長速度僅相當於整個行業的增長速度。
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 PTC. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at US$201, with the latest estimates not enough to have an impact on their price targets.
最大的問題在於,分析師們降低了每股收益預測,表明PTC可能面臨着業務上的風險。他們還重新確認了收益預測,該公司的預計增長率與整個行業大致相同。共識價格目標保持在201美元的水平,最新的預測不足以對其價格目標產生影響。
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple PTC analysts - going out to 2026, and you can see them free on our platform here.
沿着這條思路,我們認爲業務的長期前景比明年的盈利更爲相關。我們收集了多位PTC分析師的預測,涵蓋2026年,您可以免費在我們的平台上查看。
You still need to take note of risks, for example - PTC has 2 warning signs we think you should be aware of.
您仍然需要注意風險,例如-PTC有 2個警告信號,我們認爲您應該知道這些信息。
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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。