US$4.00 - That's What Analysts Think Fuel Tech, Inc. (NASDAQ:FTEK) Is Worth After These Results
US$4.00 - That's What Analysts Think Fuel Tech, Inc. (NASDAQ:FTEK) Is Worth After These Results
Last week, you might have seen that Fuel Tech, Inc. (NASDAQ:FTEK) released its second-quarter result to the market. The early response was not positive, with shares down 2.9% to US$1.00 in the past week. Revenue greatly exceeded expectations at US$7.0m, some 21% ahead of analyst forecasts. The analyst 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analyst has changed their mind on Fuel Tech after the latest results.
上週,您可能已經看到了燃料技術公司(NASDAQ:FTEK)發佈了其第二季度的業績。市場初反應不佳,股價在過去一週下跌了2.9%,至1美元。營業收入大大超出預期,達到700萬美元,比分析師預測高出21%。分析師通常會在每個業績發佈後更新其預測,我們可以根據他們的預測來判斷公司的情況是否有所改變或是否有任何新的問題需要注意。讀者將會很高興知道,我們已經彙總了最新的法定預測,看看分析師在最新的業績發佈後是否改變了對燃料技術的看法。
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Taking into account the latest results, the consensus forecast from Fuel Tech's lone analyst is for revenues of US$28.8m in 2024. This reflects a decent 9.3% improvement in revenue compared to the last 12 months. Losses are forecast to balloon 179% to US$0.02 per share. Before this earnings announcement, the analyst had been modelling revenues of US$27.8m and losses of US$0.03 per share in 2024. So it seems there's been a definite increase in optimism about Fuel Tech's future following the latest consensus numbers, with a considerable decrease in the loss per share forecasts in particular.
考慮到最新的結果,燃料技術的唯一分析師的共識預測是2024年營業收入爲2880萬美元。這反映了營收與過去12個月相比的良好增長率爲9.3%。虧損預計將膨脹179%,至每股0.02美元。在這次盈利公告之前,這位分析師曾在模擬2024年的營業收入爲2780萬美元和每股虧損爲0.03美元。因此,看起來隨着最新共識數字的出現,對燃料技術未來的樂觀情緒明顯增加,尤其是每股虧損預測大幅減少。
The consensus price target rose 100% to US$4.00, with the analyst encouraged by the higher revenue and lower forecast losses for next year.
共識目標價格上漲100%,至4.00美元,分析師對明年更高的營業收入和較低的預測虧損感到鼓舞。
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. For example, we noticed that Fuel Tech's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 19% growth to the end of 2024 on an annualised basis. That is well above its historical decline of 5.4% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 6.6% annually. So it looks like Fuel Tech is expected to grow faster than its competitors, at least for a while.
現在來看一下更全面的情況,我們可以通過將這些預測與過去的業績和行業增長預測進行比較來理解這些預測的意義。例如,我們注意到燃料技術的增長速度預計將有意義地加快,營業收入預計在2024年以年化基礎上呈現出19%的增長。這比過去5年每年5.4%的歷史下降高得多。將其與對整個行業的分析師預測進行比較,整個行業的營收預計將以6.6%的年增長率增長。因此,至少在一段時間內,燃料技術預計將比競爭對手增長更快。
The Bottom Line
最重要的事情是分析師增加了它對下一年每股虧損的估計。令人欣慰的是,營收預測未發生重大變化,業務仍有望比整個行業增長更快。共識價格目標穩定在28.50美元,最新估計不足以對價格目標產生影響。
The most important thing to take away is that the analyst reconfirmed their loss per share estimates for next year. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. There was also a nice increase in the price target, with the analyst clearly feeling that the intrinsic value of the business is improving.
最重要的是,分析師確認了他們明年每股虧損的預測。令人高興的是,他們還提高了他們的營收預測,並預測它們將比更廣泛的行業增長更快。目標價格也有一個不錯的增長,分析師顯然認爲企業的內在價值正在提高。
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 analyst estimates for Fuel Tech going out as far as 2026, and you can see them free on our platform here.
繼續思考這條線路,我們認爲企業的長期前景比明年的收益更爲重要。我們擁有燃料技術的分析師預測,最長可達到2026年,您可以在我們的平台上免費查看。
That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Fuel Tech , and understanding it should be part of your investment process.
儘管如此,仍然有必要考慮投資風險的常在幽靈。我們已經確定了燃料技術的1個警告信號,了解它應該成爲您投資過程的一部分。
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。