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What You Need To Know About The Zhejiang Zhengte Co., Ltd. (SZSE:001238) Analyst Downgrade Today

What You Need To Know About The Zhejiang Zhengte Co., Ltd. (SZSE:001238) Analyst Downgrade Today

关于浙江正特股份有限公司(SZSE:001238)分析师今天下调评级,你需要知道什么
Simply Wall St ·  2023/11/01 18:23

Today is shaping up negative for Zhejiang Zhengte Co., Ltd. (SZSE:001238) shareholders, with the analysts delivering a substantial negative revision to this year's forecasts. This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative. Surprisingly the share price has been buoyant, rising 27% to CN¥26.71 in the past 7 days. Whether the downgrade will have a negative impact on demand for shares is yet to be seen.

今天浙江正特股份有限公司(SZSE:001238)股东面临负面影响,分析师对今年的预测做出了重大负面修正。该报告侧重于收入估计,看来该业务的共识观点已变得更加保守。令人惊讶的是,股价一直很活跃,在过去7天中上涨了27%,至26.71元人民币。降级是否会对股票需求产生负面影响还有待观察。

Following the downgrade, the current consensus from Zhejiang Zhengte's twin analysts is for revenues of CN¥1.3b in 2023 which - if met - would reflect a decent 9.3% increase on its sales over the past 12 months. Per-share earnings are expected to jump 108% to CN¥0.70. Previously, the analysts had been modelling revenues of CN¥1.5b and earnings per share (EPS) of CN¥0.95 in 2023. It looks like analyst sentiment has declined substantially, with a substantial drop in revenue estimates and a large cut to earnings per share numbers as well.

降级后,浙江正特的两位分析师目前的共识是,2023年的收入为13亿元人民币,如果得以实现,将反映出其在过去12个月中销售额将增长9.3%。每股收益预计将增长108%,至0.70元人民币。此前,分析师一直在模拟2023年收入为15亿元人民币,每股收益(EPS)为0.95元人民币。看来分析师的情绪已大幅下降,收入预期大幅下降,每股收益也大幅下调。

Check out our latest analysis for Zhejiang Zhengte

查看我们对浙江正特的最新分析

earnings-and-revenue-growth
SZSE:001238 Earnings and Revenue Growth November 1st 2023
深圳证券交易所:001238 2023年11月1日收益和收入增长

The consensus price target fell 6.9% to CN¥27.00, with the weaker earnings outlook clearly leading analyst valuation estimates.

共识目标股价下跌6.9%,至人民币27.00元,疲软的收益前景显然领先于分析师的估值预期。

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. One thing stands out from these estimates, which is that Zhejiang Zhengte is forecast to grow faster in the future than it has in the past, with revenues expected to display 9.3% annualised growth until the end of 2023. If achieved, this would be a much better result than the 16% annual decline over the past year. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 11% annually for the foreseeable future. So although Zhejiang Zhengte's revenue growth is expected to improve, it is still expected to grow slower than the industry.

从现在的大局来看,我们可以理解这些预测的方法之一是看看它们与过去的业绩和行业增长估计相比如何。从这些估计中脱颖而出的一点是,预计浙江正特未来的增长速度将比过去更快,预计到2023年底,收入将实现9.3%的年化增长。如果得以实现,这将比过去一年每年下降16%的结果好得多。将其与分析师对整个行业的估计进行比较,后者表明,在可预见的将来,(总体而言)行业收入预计每年将增长11%。因此,尽管浙江正特的收入增长有望改善,但预计其增长仍将低于该行业。

The Bottom Line

底线

The most important thing to take away is that analysts cut their earnings per share estimates, expecting a clear decline in business conditions. Regrettably, they also downgraded their revenue estimates, and the latest forecasts imply the business will grow sales slower than the wider market. Furthermore, there was a cut to the price target, suggesting that the latest news has led to more pessimism about the intrinsic value of the business. Often, one downgrade can set off a daisy-chain of cuts, especially if an industry is in decline. So we wouldn't be surprised if the market became a lot more cautious on Zhejiang Zhengte after today.

要记住的最重要的一点是,分析师下调了每股收益预期,预计商业状况将明显下降。遗憾的是,他们还下调了收入预期,最新的预测表明,该业务的销售增长将低于整个市场。此外,目标股价被下调,这表明最新消息使人们对该业务的内在价值更加悲观。通常,一次降级可能会引发一连串的削减,尤其是在行业衰退的情况下。因此,如果今天之后市场对浙江正特变得更加谨慎,我们也不会感到惊讶。

That said, the analysts might have good reason to be negative on Zhejiang Zhengte, given concerns around earnings quality. Learn more, and discover the 2 other flags we've identified, for free on our platform here.

尽管如此,鉴于对收益质量的担忧,分析师可能有充分的理由对浙江正特持负面看法。在此处的平台上免费了解更多信息并发现我们确定的其他 2 个标志。

Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying.

寻找可能达到转折点的有趣公司的另一种方法是使用内部人士收购的成长型公司的免费清单,跟踪管理层是买入还是卖出。

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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的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

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