There May Be Some Bright Spots In Columbus McKinnon's (NASDAQ:CMCO) Earnings
There May Be Some Bright Spots In Columbus McKinnon's (NASDAQ:CMCO) Earnings
The market for Columbus McKinnon Corporation's (NASDAQ:CMCO) shares didn't move much after it posted weak earnings recently. We think that the softer headline numbers might be getting counterbalanced by some positive underlying factors.
哥倫布-麥金農公司(納斯達克:CMCO)股票的市場近期幾乎沒有什麼波動,即使最近業績疲軟。我們認爲,柔軟的業績數據可能會得到一些積極的基本面因素的抵消。
How Do Unusual Items Influence Profit?
非常規項目如何影響利潤?
To properly understand Columbus McKinnon's profit results, we need to consider the US$8.8m expense attributed to unusual items. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's hardly a surprise given these line items are considered unusual. Assuming those unusual expenses don't come up again, we'd therefore expect Columbus McKinnon to produce a higher profit next year, all else being equal.
爲了正確理解哥倫布-麥金農的盈利結果,我們需要考慮歸因於飛凡項目的880萬美元支出。看到飛凡項目影響公司盈利並非好事,但值得一提的是,事情可能很快會好轉。當我們分析全球絕大多數上市公司時,我們發現重大的飛凡項目通常並不會重複出現。鑑於這些款項被視爲飛凡,這一點並不奇怪。假設這些飛凡支出不會再次出現,我們因此預計,其他條件不變的情況下,明年哥倫布-麥金農的利潤將會增加。
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 Columbus McKinnon's Profit Performance
我們對哥倫布-麥金農的盈利表現的看法
Unusual items (expenses) detracted from Columbus McKinnon's earnings over the last year, but we might see an improvement next year. Based on this observation, we consider it likely that Columbus McKinnon's statutory profit actually understates its earnings potential! Unfortunately, though, its earnings per share actually fell back over the last year. 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. If you want to do dive deeper into Columbus McKinnon, you'd also look into what risks it is currently facing. To that end, you should learn about the 3 warning signs we've spotted with Columbus McKinnon (including 1 which is a bit unpleasant).
飛凡項目(費用)在過去一年中抵消了哥倫布-麥金農的盈利,但我們可能會在明年看到改善。根據這一觀察,我們認爲哥倫布-麥金農的法定利潤實際低估了其盈利潛力!然而,遺憾的是,過去一年其每股盈利實際上有所回落。本文的目標是評估我們能否依賴法定盈利來反映公司的潛力,但還有很多需要考慮的因素。如果您想深入了解哥倫布-麥金農,還應該了解它目前面臨的風險。爲此,您應該了解我們在哥倫布-麥金農發現的3個警示信號(其中有1個可能有點不好)。
This note has only looked at a single factor that sheds light on the nature of Columbus McKinnon's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. 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.
這個說明只看了一個可以揭示哥倫布-麥金農利潤性質的因素。但是如果你能集中精力關注細枝末節,總會有更多發現。有些人認爲資產回報率高是一家優質企業的好跡象。雖然可能需要您進行一些研究,您可能會發現這些擁有資產回報率高的公司的自由收集,或者這些持有相當多內部股份的股票清單對您有用。
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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.
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Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。