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Earnings Miss: Jinhong Gas Co.,Ltd. Missed EPS By 55% And Analysts Are Revising Their Forecasts

Earnings Miss: Jinhong Gas Co.,Ltd. Missed EPS By 55% And Analysts Are Revising Their Forecasts

業績不佳:金鴻燃料幣有限公司的每股收益低於預期55%,分析師們正在修訂他們的預測
Simply Wall St ·  11/01 19:39

Jinhong Gas Co.,Ltd. (SHSE:688106) just released its latest quarterly report and things are not looking great. Jinhong GasLtd delivered a grave earnings miss, with both revenues (CN¥626m) and statutory earnings per share (CN¥0.10) falling badly short of analyst expectations. 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.

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SHSE:688106 Earnings and Revenue Growth November 1st 2024

Taking into account the latest results, the consensus forecast from Jinhong GasLtd's seven analysts is for revenues of CN¥3.49b in 2025. This reflects a major 39% improvement in revenue compared to the last 12 months. Per-share earnings are expected to shoot up 72% to CN¥0.97. In the lead-up to this report, the analysts had been modelling revenues of CN¥3.55b and earnings per share (EPS) of CN¥0.98 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

There were no changes to revenue or earnings estimates or the price target of CN¥26.23, 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. Currently, the most bullish analyst values Jinhong GasLtd at CN¥29.00 per share, while the most bearish prices it at CN¥24.30. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

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. The analysts are definitely expecting Jinhong GasLtd's growth to accelerate, with the forecast 30% annualised growth to the end of 2025 ranking favourably alongside historical growth of 18% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 16% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Jinhong GasLtd to grow faster than the wider industry.

The Bottom Line

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¥26.23, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that 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 Jinhong GasLtd going out to 2026, and you can see them free on our platform here..

You still need to take note of risks, for example - Jinhong GasLtd has 2 warning signs (and 1 which can't be ignored) we think you should know about.

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.

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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