Earnings Report: StarPower Semiconductor Ltd. Missed Revenue Estimates By 8.5%
Earnings Report: StarPower Semiconductor Ltd. Missed Revenue Estimates By 8.5%
StarPower Semiconductor Ltd. (SHSE:603290) last week reported its latest third-quarter results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Revenues came in 8.5% below expectations, at CN¥881m. Statutory earnings per share were relatively better off, with a per-share profit of CN¥0.62 being roughly in line with analyst estimates. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
斯達半導有限公司(SHSE:603290)上週公佈了最新的第三季度業績,這爲投資者提供了一個良好的時機,深入了解該公司的業績是否與預期一致。營業收入達到了88100萬人民幣,低於預期8.5%。法定每股收益相對較好,每股利潤爲0.62人民幣,大致符合分析師的預期。對於投資者來說,這是一個重要的時刻,因爲他們可以在報告中跟蹤公司的表現,查看專家對明年的預測,並查看業務預期是否有任何變化。因此,我們收集了最新的盈利預測,看看預計明年會發生什麼。
Taking into account the latest results, the current consensus from StarPower Semiconductor's 15 analysts is for revenues of CN¥4.80b in 2025. This would reflect a substantial 39% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to leap 44% to CN¥4.06. In the lead-up to this report, the analysts had been modelling revenues of CN¥4.86b and earnings per share (EPS) of CN¥4.05 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
考慮到最新的業績,斯達半導15位分析師目前的共識是2025年收入爲48億人民幣。這將反映出過去12個月營業收入的39%的大幅增長。法定每股收益預測將躍升44%,達到4.06人民幣。在這份報告之前,分析師們曾預測2025年收入爲48.6億人民幣,每股收益(EPS)爲4.05人民幣。因此很明顯,儘管分析師們更新了他們的預期,但對於業務的期待在最新業績發佈後沒有重大變化。
There were no changes to revenue or earnings estimates or the price target of CN¥104, suggesting that the company has met expectations in its recent result. 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 StarPower Semiconductor analyst has a price target of CN¥149 per share, while the most pessimistic values it at CN¥62.00. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.
收入或盈利預期以及104人民幣的目標價格都沒有變化,建議該公司在最近的業績中達到了預期。查看分析師預期的區間也是有啓發性的,以評估不同的異常意見與均值的差異。最樂觀的斯達半導分析師的目標價格爲每股149人民幣,而最悲觀的則爲62.00人民幣。請注意分析師目標價格的廣泛差距?這意味着在基本業務中存在相當廣泛的可能情景。
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. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 30% growth on an annualised basis. That is in line with its 34% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 23% annually. So it's pretty clear that StarPower Semiconductor is forecast to grow substantially faster than its industry.
我們可以從更大的背景來看待這些估計,比如預測與過去業績的對比,以及預測相對於行業內其他公司的看法是更加看好或者不看好。根據分析師的說法,到2025年底,這一趨勢將持續,預計營業收入將按年增長30%。這與過去五年34%的年增長率相符。 將這一情況與更廣泛的行業進行比較,分析師的估計(總計)表明,收入預計每年增長23%。因此,很明顯,斯達半導預計將比其行業增長得更快。
The Bottom Line
結論
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at CN¥104, with the latest estimates not enough to have an impact on their price targets.
最重要的是,情緒沒有發生重大變化,分析師重新確認該業務的表現與他們之前的每股收益估計一致。 幸運的是,他們也重新確認了營業收入的數字,這表明其符合預期。此外,我們的數據表明,預計營業收入將比更廣泛的行業增長得更快。 共識價格目標保持在104元人民幣,最新的估計對他們的價格目標沒有影響。
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for StarPower Semiconductor going out to 2026, and you can see them free on our platform here.
話雖如此,公司的長期盈利軌跡遠比明年更爲重要。 我們對於斯達半導的預測將延續到2026年,您可以在我們的平台上免費查看這些預測。
That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with StarPower Semiconductor (at least 1 which is significant) , and understanding these should be part of your investment process.
儘管如此,考慮到投資風險的不斷存在是必要的。我們已經確定了斯達半導的2個警示信號(至少有1個是重要的),了解這些應該是您投資過程的一部分。
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