Earnings Update: Indie Semiconductor, Inc. (NASDAQ:INDI) Just Reported And Analysts Are Trimming Their Forecasts
Earnings Update: Indie Semiconductor, Inc. (NASDAQ:INDI) Just Reported And Analysts Are Trimming Their Forecasts
It's been a sad week for indie Semiconductor, Inc. (NASDAQ:INDI), who've watched their investment drop 16% to US$4.11 in the week since the company reported its quarterly result. Results look to have been somewhat negative - revenue fell 2.6% short of analyst estimates at US$52m, although statutory losses were somewhat better. The per-share loss was US$0.11, 35% smaller than the analysts were expecting prior to the result. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
自該公司發佈季度業績報告以來,納斯達克公司indie Semiconductor, Inc.(股票代碼:INDI)的投資價值下跌了16%,降至每股4.11美元,這對該公司來說是一個悲傷的一週。業績結果似乎有些負面——營業收入US$52,000,000短缺分析師的估計2.6%,儘管法定虧損狀況略有改善。每股虧損爲US$0.11,比分析師在業績公佈前預期的虧損金額少35%。在該公司發佈業績報告後,分析師們更新了其收益模型。此時判斷他們是否認爲該公司的前景發生了巨大轉變或是業務正常運轉將非常重要。以下是我們收集的最新法定預測結果,以了解這些業績數據是否會對分析師的收益模型造成影響。
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Taking into account the latest results, the current consensus, from the eight analysts covering indie Semiconductor, is for revenues of US$217.5m in 2024. This implies a measurable 7.6% reduction in indie Semiconductor's revenue over the past 12 months. Losses are forecast to balloon 28% to US$0.58 per share. Before this earnings announcement, the analysts had been modelling revenues of US$259.3m and losses of US$0.03 per share in 2024. So there's been quite a change-up of views after the recent consensus updates, withthe analysts making a serious cut to their revenue outlook while also expecting losses per share to increase.
考慮到最新的業績數據,八位分析師覆蓋獨立半導體公司,預測其2024年營業收入達2.175億美元,這意味着獨立半導體公司過去12個月營業收入下降7.6%。預計虧損將激增28%,達到每股0.58美元。在本次業績公告之前,分析師們原本預測獨立半導體公司在2024年實現的營收爲2.593億美元和每股0.03美元的虧損。因此,接受最近的業績共識更新後,分析師們的觀點發生了很大的改變,他們極大地減少了對該公司的營收前景的預期,同時還預測每股虧損金額將增加。
The average price target fell 11% to US$9.04, implicitly signalling that lower earnings per share are a leading indicator for indie Semiconductor's 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. The most optimistic indie Semiconductor analyst has a price target of US$12.00 per share, while the most pessimistic values it at US$7.00. 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.
平均目標價下跌了11%,至9.04美元,這暗示了每股減少的收益對獨立半導體的估值構成了主要因素。此外,了解分析師的估算範圍,從而評估離群的意見與平均意見有多大差別,也是非常有指導意義的。在獨立半導體分析師中最爲樂觀的人給出了每股12美元的目標價,而最爲悲觀的人給出了每股7美元的目標價。這表明雖然估價存在多樣性,但分析師們並未完全分裂在該股票上,也不像成功或失敗的應對情況。
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 would highlight that revenue is expected to reverse, with a forecast 15% annualised decline to the end of 2024. That is a notable change from historical growth of 61% over the last three years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 18% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - indie Semiconductor is expected to lag the wider industry.
我們可以從更大的角度來看待這些預測,例如預測與過去業績的對比,以及預測是否相對於行業中的其他公司更爲看漲或看跌。我們需要突出的是獨立半導體的營收預計將出現逆轉,預計將在2024年年化上下降15%,而這與過去三年的61%的歷史增長形成了鮮明對比。將這與我們的數據進行比較,我們得出結論是,同行業的其他公司將實現平均年增收18%,因此儘管獨立半導體的營業收入預計會下降,但這並沒有銀色的補償,獨立半導體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 most important thing to note is the forecast of increased losses next year, suggesting all may not be well at indie Semiconductor. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.
需要注意的最重要的事情是,預測明年將出現增加的虧損,這表明獨立半導體可能存在問題。不幸的是,他們也下調了其營收預測,而我們的數據顯示其表現不如整個行業。即便如此,每股收益對企業內部價值更爲重要。此外,分析師們還降低了其目標價,這表明最近的消息導致人們對企業內在價值更爲悲觀。
With that in mind, we wouldn't be too quick to come to a conclusion on indie Semiconductor. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple indie Semiconductor analysts - going out to 2026, and you can see them free on our platform here.
考慮到這一點,我們不應該過快得出關於獨立半導體的結論。長期的盈利能力比明年的利潤更爲重要。我們從多位獨立半導體分析師處獲得的預測在2026年,您可以在我們的平台上免費查看。
Before you take the next step you should know about the 2 warning signs for indie Semiconductor that we have uncovered.
在您進一步了解獨立半導體之前,您應該知道我們發現的兩個警告徵兆。
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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。