As you might know, Shanghai Hanbell Precise Machinery Co., Ltd. (SZSE:002158) recently reported its first-quarter numbers. It looks to have been a decent result overall - while revenue fell marginally short of analyst estimates at CN¥749m, statutory earnings beat expectations by a notable 12%, coming in at CN¥0.27 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

Taking into account the latest results, the most recent consensus for Shanghai Hanbell Precise Machinery from eight analysts is for revenues of CN¥4.40b in 2024. If met, it would imply a solid 13% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to rise 9.8% to CN¥1.84. In the lead-up to this report, the analysts had been modelling revenues of CN¥4.35b and earnings per share (EPS) of CN¥1.80 in 2024. 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¥29.06, 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. There are some variant perceptions on Shanghai Hanbell Precise Machinery, with the most bullish analyst valuing it at CN¥36.00 and the most bearish at CN¥21.90 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

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. We can infer from the latest estimates that forecasts expect a continuation of Shanghai Hanbell Precise Machinery'shistorical trends, as the 17% annualised revenue growth to the end of 2024 is roughly in line with the 18% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 18% per year. So although Shanghai Hanbell Precise Machinery is expected to maintain its revenue growth rate, it's only growing at about the rate of 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. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Shanghai Hanbell Precise Machinery going out to 2026, and you can see them free on our platform here.

It is also worth noting that we have found 1 warning sign for Shanghai Hanbell Precise Machinery that you need to take into consideration.

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.