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Essential Utilities, Inc. Just Missed Revenue By 11%: Here's What Analysts Think Will Happen Next

Essential Utilities, Inc. Just Missed Revenue By 11%: Here's What Analysts Think Will Happen Next

Essential Utilities, Inc. 的收入剛剛下跌了11%:分析師認爲接下來會發生什麼
Simply Wall St ·  03/03 07:35

Essential Utilities, Inc. (NYSE:WTRG) last week reported its latest annual results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Revenues were US$2.1b, 11% below analyst expectations, although losses didn't appear to worsen significantly, with a per-share statutory loss of US$1.86 being in line with what the analysts forecast. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

基本公用事業公司(紐約證券交易所代碼:WTRG)上週公佈了其最新的年度業績,這是投資者深入了解該業務表現是否符合預期的好時機。收入爲21億美元,比分析師的預期低11%,儘管虧損似乎沒有顯著惡化,每股法定虧損爲1.86美元,與分析師的預測一致。分析師通常會在每份收益報告中更新他們的預測,我們可以從他們的估計中判斷他們對公司的看法是否發生了變化,或者是否有任何新的問題需要注意。我們認爲,讀者會發現分析師對明年最新(法定)業績後的預測很有趣。

earnings-and-revenue-growth
NYSE:WTRG Earnings and Revenue Growth March 3rd 2024
紐約證券交易所:WTRG收益和收入增長 2024年3月3日

Following the latest results, Essential Utilities' seven analysts are now forecasting revenues of US$2.36b in 2024. This would be a solid 15% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 9.2% to US$1.99. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$2.43b and earnings per share (EPS) of US$2.01 in 2024. The consensus seems maybe a little more pessimistic, trimming their revenue forecasts after the latest results even though there was no change to its EPS estimates.

根據最新業績,基本公用事業公司的七位分析師現在預測2024年的收入爲23.6億美元。與過去12個月相比,這將使收入穩步增長15%。每股收益預計將增長9.2%,至1.99美元。然而,在最新業績公佈之前,分析師曾預計2024年的收入爲24.3億美元,每股收益(EPS)爲2.01美元。儘管每股收益估計沒有變化,但共識似乎更加悲觀,在最新業績公佈後下調了他們的收入預期。

The average price target was steady at US$44.70even though revenue estimates declined; likely suggesting the analysts place a higher value on earnings. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Essential Utilities at US$60.00 per share, while the most bearish prices it at US$39.96. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

儘管收入預期有所下降,但平均目標股價仍穩定在44.70美元;這可能表明分析師對收益的看法更高。但是,這並不是我們可以從這些數據中得出的唯一結論,因爲一些投資者在評估分析師目標股價時也喜歡考慮估計值的差異。目前,最看漲的分析師對基本公用事業的估值爲每股60.00美元,而最看跌的分析師估值爲39.96美元。這表明估值仍然存在一點差異,但分析師似乎對該股的看法並不完全分歧,好像這可能是成功或失敗一樣。

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. It's pretty clear that there is an expectation that Essential Utilities' revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 15% growth on an annualised basis. This is compared to a historical growth rate of 22% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 6.7% annually. Even after the forecast slowdown in growth, it seems obvious that Essential Utilities is also expected to grow faster than the wider industry.

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如何與過去的業績和行業增長預期相比較。很明顯,預計基本公用事業的收入增長將大幅放緩,預計到2024年底的收入將按年計算增長15%。相比之下,過去五年的歷史增長率爲22%。相比之下,該行業中其他有分析師覆蓋的公司的收入預計將以每年6.7%的速度增長。即使在預計增長放緩之後,似乎很明顯,基本公用事業的增長速度也將超過整個行業。

The Bottom Line

底線

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 downgraded Essential Utilities' revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. The consensus price target held steady at US$44.70, with the latest estimates not enough to have an impact on their price targets.

要了解的最重要的一點是,市場情緒沒有重大變化,分析師再次確認該業務的表現符合他們先前的每股收益預期。他們還下調了基本公用事業的收入預期,但行業數據表明,預計其增長速度將快於整個行業。即便如此,每股收益對業務的內在價值更爲重要。共識目標股價穩定在44.70美元,最新估計不足以對其目標價格產生影響。

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. We have estimates - from multiple Essential Utilities analysts - going out to 2026, and you can see them free on our platform here.

根據這種思路,我們認爲該業務的長期前景比明年的收益重要得多。根據多位基本公用事業分析師的估計,到2026年,你可以在我們的平台上免費查看。

Before you take the next step you should know about the 3 warning signs for Essential Utilities (1 shouldn't be ignored!) that we have uncovered.

在你採取下一步行動之前,你應該了解基本實用工具的 3 個警告標誌(1 個不容忽視!)這是我們發現的。

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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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