PAR Technology Corporation (NYSE:PAR) Analysts Just Slashed This Year's Revenue Estimates By 12%
PAR Technology Corporation (NYSE:PAR) Analysts Just Slashed This Year's Revenue Estimates By 12%
The latest analyst coverage could presage a bad day for PAR Technology Corporation (NYSE:PAR), with the analysts making across-the-board cuts to their statutory estimates that might leave shareholders a little shell-shocked. This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative. Surprisingly the share price has been buoyant, rising 13% to US$50.79 in the past 7 days. Whether the downgrade will have a negative impact on demand for shares is yet to be seen.
最新的分析師覆蓋預示着PAR Technology股份有限公司(NYSE:PAR)可能會遭遇不好的一天,分析師們普遍下調了他們的業績預期,這可能會讓股東們感到有點震驚。 這份報告聚焦於營收預期,而業內人士的共識看法似乎變得更加保守了。 令人驚訝的是股價表現不錯,在過去7天裏上漲了13%至50.79美元。暫時還不清楚降級會對股票需求產生什麼負面影響。
Following the latest downgrade, the current consensus, from the nine analysts covering PAR Technology, is for revenues of US$355m in 2024, which would reflect a not inconsiderable 17% reduction in PAR Technology's sales over the past 12 months. Losses are presumed to reduce, shrinking 19% per share from last year to US$1.63. However, before this estimates update, the consensus had been expecting revenues of US$406m and US$1.79 per share in losses. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also reducing the estimated losses the business will incur.
根據9位分析師對PAR Technology的覆蓋,共識預計該公司的收入在2024年將達到3.55億美元,這將反映出PAR Technology在過去12個月中銷售額的不可忽視的17%下降。預計虧損將減少,每股從去年的1.63美元減少19%。然而,在此次預期更新之前,業內人士的共識是預計PAR Technology的收入爲4.06億美元,每股虧損爲1.79美元。因此,最近的共識更新導致觀點發生了很大變化,分析師們嚴重削減了他們的營收預測,同時還降低了公司將承擔的預計虧損。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240813/0-ff855ec7d6608330b44d48baa7b206d3-0-9ff1212a8b5406e4831862eeb13a44c7.png/big)
The consensus price target rose 8.2% to US$62.38, with the analysts increasingly optimistic about shrinking losses, despite the expected decline in sales.
共識價格目標上漲8.2%至62.38美元,分析師對縮小虧損的盼望逐漸增加,儘管銷售預計會下降。
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that sales are expected to reverse, with a forecast 31% annualised revenue decline to the end of 2024. That is a notable change from historical growth of 18% 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 7.4% per year. It's pretty clear that PAR Technology's revenues are expected to perform substantially worse than the wider industry.
了解這些預測背景的一種方法是查看它們與過去表現以及同行業其他公司的表現進行比較。我們要指出銷售額預計將逆轉,預計年化營收將下降31%,直到2024年結束。這與過去五年的18%歷史增長相比,是一個值得注意的變化。將其與我們的數據進行比較,數據顯示,同行業其他公司的收入預計每年將增長7.4%。很明顯,PAR Technology的收入預計要比整個行業表現大大不佳。
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。
Unfortunately analysts also downgraded their revenue estimates, and industry data suggests that PAR Technology's revenues are expected to grow slower than the wider market. There was also a nice increase in the price target, with analysts apparently feeling that the intrinsic value of the business is improving. Overall, given the drastic downgrade to this year's forecasts, we'd be feeling a little more wary of PAR Technology going forwards.
不幸的是,分析師們還下調了他們的營收預測,而行業數據顯示PAR Technology的營收增長預期也低於整個市場。此外,價格目標也有了良好的增長,分析師們顯然認爲該業務的內在價值正在提高。總的來說,考慮到今年預測的劇烈下調,我們會對PAR Technology未來的業務持更加謹慎的態度。
Still, the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for PAR Technology going out to 2026, and you can see them free on our platform here.
不過,公司的長期前景比明年的收益更加重要。在Simply Wall St上,我們爲PAR Technology的分析師預測提供了完整的範圍,可查看免費平台。
Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are downgrading their estimates. So you may also wish to search this free list of stocks with high insider ownership.
當然,看到公司管理層投入大量資金投資股票的情況與分析師是否對其評級下調一樣有用。因此,您還可以搜索此處的高內部所有權股票的免費列表。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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。