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Analysts Have Been Trimming Their Inotiv, Inc. (NASDAQ:NOTV) Price Target After Its Latest Report

Analysts Have Been Trimming Their Inotiv, Inc. (NASDAQ:NOTV) Price Target After Its Latest Report

Inotiv, Inc.(納斯達克股票代碼:NOTV)發佈最新報告後,分析師一直在下調其目標股價
Simply Wall St ·  2023/12/13 13:11

It's been a mediocre week for Inotiv, Inc. (NASDAQ:NOTV) shareholders, with the stock dropping 19% to US$2.55 in the week since its latest annual results. The results overall were pretty much dead in line with analyst forecasts; revenues were US$572m and statutory losses were US$4.10 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

對於Inotiv, Inc.(納斯達克股票代碼:NOTV)的股東來說,這是平庸的一週,該股自最新年度業績公佈以來的一週內下跌了19%,至2.55美元。總體業績幾乎與分析師的預測不符;收入爲5.72億美元,法定虧損爲每股4.10美元。對於投資者來說,收益是一個重要時刻,因爲他們可以追蹤公司的業績,查看分析師對明年的預測,並查看對公司的情緒是否發生了變化。我們認爲,讀者會覺得看到分析師對明年最新(法定)業績後預測很有趣。

Check out our latest analysis for Inotiv

查看我們對 Inotiv 的最新分析

earnings-and-revenue-growth
NasdaqCM:NOTV Earnings and Revenue Growth December 13th 2023
納斯達克CM:NOTV 收益和收入增長 2023 年 12 月 13 日

Following last week's earnings report, Inotiv's four analysts are forecasting 2024 revenues to be US$583.2m, approximately in line with the last 12 months. Losses are predicted to fall substantially, shrinking 68% to US$1.30. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$584.9m and losses of US$1.11 per share in 2024. While this year's revenue estimates held steady, there was also a notable increase in loss per share expectations, suggesting the consensus has a bit of a mixed view on the stock.

繼上週的業績之後,Inotiv的四位分析師預測2024年的收入爲5.832億美元,與過去12個月大致持平。預計虧損將大幅下降,萎縮68%,至1.30美元。然而,在最新業績公佈之前,分析師一直預測2024年的收入爲5.849億美元,每股虧損1.11美元。儘管今年的收入預期保持穩定,但每股虧損預期也顯著增加,這表明人們對該股的看法好壞參半。

The consensus price target fell 15% to US$12.81per share, with the analysts clearly concerned by ballooning losses. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Inotiv analyst has a price target of US$25.00 per share, while the most pessimistic values it at US$7.25. We would probably assign less value to the analyst forecasts in this situation, because such a wide range of estimates could imply that the future of this business is difficult to value accurately. As a result it might not be a great idea to make decisions based on the consensus price target, which is after all just an average of this wide range of estimates.

共識目標股價下跌15%,至每股12.81美元,分析師顯然對虧損激增感到擔憂。共識目標價只是個人分析師目標的平均值,因此,可以方便地查看基礎估計值的範圍有多廣。最樂觀的Inotiv分析師將目標股價定爲每股25美元,而最悲觀的分析師則將其估值爲7.25美元。在這種情況下,我們可能會減少對分析師預測的價值,因爲如此廣泛的估計可能意味着很難準確估值該業務的未來。因此,根據共識目標價格做出決策可能不是一個好主意,畢竟共識目標價只是如此廣泛的估計值的平均值。

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. We would highlight that Inotiv's revenue growth is expected to slow, with the forecast 1.9% annualised growth rate until the end of 2024 being well below the historical 61% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 3.8% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Inotiv.

從現在的大局來看,我們可以理解這些預測的方法之一是看看它們與過去的業績和行業增長估計相比如何。我們要強調的是,Inotiv的收入增長預計將放緩,預計到2024年底的年化增長率爲1.9%,遠低於過去五年來61%的歷史年增長率。相比之下,業內其他公司(根據分析師的預測),總體而言,預計這些公司的收入每年將增長3.8%。因此,很明顯,儘管收入增長預計將放緩,但整個行業的增長速度預計也將超過Inotiv。

The Bottom Line

底線

The most important thing to note is the forecast of increased losses next year, suggesting all may not be well at Inotiv. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Inotiv's revenue is expected to perform worse than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Inotiv's future valuation.

需要注意的最重要的一點是,預計明年虧損將增加,這表明Inotiv可能並非一切順利。幸運的是,分析師還再次確認了他們的收入預期,表明收入預期符合預期。儘管我們的數據確實表明,預計Inotiv的收入表現將比整個行業差。共識目標股價大幅下跌,分析師似乎沒有對最新業績感到放心,這導致對Inotiv未來估值的估計降低。

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Inotiv going out to 2026, and you can see them free on our platform here..

考慮到這一點,我們仍然認爲長期業務軌跡對投資者來說更爲重要。在Simply Wall St,我們有分析師對Inotiv到2026年的全面估計,你可以在我們的平台上免費看到這些估計。

Before you take the next step you should know about the 3 warning signs for Inotiv (1 makes us a bit uncomfortable!) that we have uncovered.

在你採取下一步行動之前,你應該了解 Inotiv 的 3 個警告信號(1 個讓我們有點不舒服!)我們已經發現了。

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.

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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

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