Analysts Have Been Trimming Their Hesai Group (NASDAQ:HSAI) Price Target After Its Latest Report
Analysts Have Been Trimming Their Hesai Group (NASDAQ:HSAI) Price Target After Its Latest Report
Shareholders of Hesai Group (NASDAQ:HSAI) will be pleased this week, given that the stock price is up 13% to US$4.33 following its latest quarterly results. The result was fairly weak overall, with revenues of CN¥459m being 3.0% less than what the analysts had been modelling. 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.
鑑於最新季度業績公佈後,Hesai集團(納斯達克股票代碼:HSAI)的股東本週將感到高興,因爲股價上漲了13%,至4.33美元。總體結果相當疲軟,45900萬元人民幣的收入比分析師的建模減少了3.0%。對於投資者來說,這是一個重要時刻,因爲他們可以在報告中追蹤公司的業績,看看專家對明年的預測,看看對該業務的預期是否有任何變化。考慮到這一點,我們收集了最新的法定預測,以了解分析師對明年的預期。
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Taking into account the latest results, the current consensus from Hesai Group's eight analysts is for revenues of CN¥2.24b in 2024. This would reflect a major 23% increase on its revenue over the past 12 months. Losses are predicted to fall substantially, shrinking 42% to CN¥2.12. Before this latest report, the consensus had been expecting revenues of CN¥2.57b and CN¥2.32 per share in losses. So there's been quite a change-up of views after the recent consensus updates, withthe analysts making a serious cut to their revenue forecasts while also reducing the estimated losses the business will incur.
考慮到最新業績,和賽集團的八位分析師目前的共識是,2024年的收入爲22.4元人民幣。這將反映其收入在過去12個月中大幅增長23%。預計虧損將大幅下降,萎縮42%,至2.12元人民幣。在這份最新報告之前,共識一直預計收入爲25.7元人民幣,每股虧損2.32元人民幣。因此,在最近的共識更新之後,觀點發生了很大變化,分析師大幅下調了收入預期,同時也減少了業務將蒙受的估計損失。
The analysts have cut their price target 21% to US$7.15per share, suggesting that the declining revenue was a more crucial indicator than the forecast reduction in losses. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Hesai Group at US$12.18 per share, while the most bearish prices it at US$5.30. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
分析師已將目標股價下調21%至每股7.15美元,這表明收入下降是比預期的虧損減少更爲關鍵的指標。但是,還有另一種思考價格目標的方法,那就是研究分析師提出的價格目標範圍,因爲範圍廣泛的估計可能表明,對業務可能的結果有不同的看法。目前,最看漲的分析師對Hesai集團的估值爲每股12.18美元,而最看跌的分析師估值爲5.30美元。由於估值範圍如此狹窄,分析師顯然對他們認爲的業務價值有相似的看法。
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's clear from the latest estimates that Hesai Group's rate of growth is expected to accelerate meaningfully, with the forecast 50% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 39% p.a. over the past three years. Compare this with other companies in the same industry, which are forecast to grow their revenue 9.3% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Hesai Group to grow faster than the wider industry.
從現在的大局來看,我們可以理解這些預測的方法之一是看看它們如何與過去的業績和行業增長預期相比較。從最新估計中可以明顯看出,河賽集團的增長率預計將大幅加快,預計到2024年底的年化收入增長率爲50%,將明顯快於其過去三年39%的歷史增長。相比之下,同行業的其他公司預計收入每年將增長9.3%。顯而易見,儘管增長前景比最近更加光明,但分析師也預計河賽集團的增長速度將超過整個行業。
The Bottom Line
底線
The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. They also downgraded Hesai Group's revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. Even so, long term profitability is more important for the value creation process. 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.
要了解的最重要的一點是,分析師重申了明年的每股虧損預期。他們還下調了Hesai集團的收入預期,但行業數據表明,預計其增長速度將快於整個行業。即便如此,長期盈利能力對於價值創造過程更爲重要。此外,分析師還下調了目標股價,這表明最新消息加劇了人們對業務內在價值的悲觀情緒。
With that in mind, we wouldn't be too quick to come to a conclusion on Hesai Group. Long-term earnings power is much more important than next year's profits. We have forecasts for Hesai Group going out to 2026, and you can see them free on our platform here.
考慮到這一點,我們不會很快就Hesai集團得出結論。長期盈利能力比明年的利潤重要得多。我們對Hesai集團的預測將持續到2026年,你可以在我們的平台上免費查看。
You can also see our analysis of Hesai Group's Board and CEO remuneration and experience, and whether company insiders have been buying stock.
您還可以看到我們對Hesai集團董事會和首席執行官薪酬和經驗的分析,以及公司內部人士是否一直在購買股票。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。