The Strong Earnings Posted By Warner Music Group (NASDAQ:WMG) Are A Good Indication Of The Strength Of The Business
The Strong Earnings Posted By Warner Music Group (NASDAQ:WMG) Are A Good Indication Of The Strength Of The Business
Even though Warner Music Group Corp.'s (NASDAQ:WMG) recent earnings release was robust, the market didn't seem to notice. Our analysis suggests that investors might be missing some promising details.
儘管華納音樂集團股份有限公司(納斯達克:WMG)最近發佈的收益報告非常強勁,但市場似乎沒有注意到。我們的分析表明,投資者可能錯過了一些有前途的細節。
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How Do Unusual Items Influence Profit?
非常規項目如何影響利潤?
To properly understand Warner Music Group's profit results, we need to consider the US$115m expense attributed to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And, after all, that's exactly what the accounting terminology implies. If Warner Music Group doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year.
爲了正確理解華納音樂集團的利潤情況,我們需要考慮11500萬美元的飛凡費用。雖然由於飛凡項目而減少的扣除在第一時間令人失望,但其中有一線曙光。當我們分析全球大部分上市公司時,我們發現重大的飛凡項目往往不會重複。畢竟,這正是會計術語所暗示的。如果華納音樂集團未看到這些不尋常的費用重複,則其他條件相等,我們預計其利潤在未來一年內將增加。
That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.
這可能會讓您想知道分析師對未來盈利能力的預測。幸運的是,您可以單擊此處查看基於其估計的未來盈利能力的互動圖表。
Our Take On Warner Music Group's Profit Performance
我們對華納音樂集團的利潤表現的看法
Because unusual items detracted from Warner Music Group's earnings over the last year, you could argue that we can expect an improved result in the current quarter. Because of this, we think Warner Music Group's earnings potential is at least as good as it seems, and maybe even better! Better yet, its EPS are growing strongly, which is nice to see. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. So while earnings quality is important, it's equally important to consider the risks facing Warner Music Group at this point in time. Be aware that Warner Music Group is showing 2 warning signs in our investment analysis and 1 of those can't be ignored...
由於不尋常的項目影響了華納音樂集團的收益,因此可以認爲我們可以期望當季有所改善。因此,我們認爲華納音樂集團的收益潛力至少與看起來一樣好,甚至更好!更好的是,其每股收益正在快速增長,這是一個好的跡象。本文的目的是評估我們依靠法定收益來反映公司潛力的程度,但還有很多其他方面需要考慮。因此,雖然收益質量很重要,但同樣重要的是考慮華納音樂集團目前面臨的風險。請注意,我們的投資分析表明,華納音樂集團顯示出2個警示信號,其中1個不容忽視...
This note has only looked at a single factor that sheds light on the nature of Warner Music Group's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful.
本註釋僅考慮揭示華納音樂集團利潤性質的單一因素。但有很多其他方法可以了解公司的情況。有些人認爲高回報股本是一個高質量企業的好跡象。雖然這可能需要您進行一些研究,但您可能會發現,這個免費的回報率高的公司集合或者持有大量內部股份的股票列表非常有用。
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