Earnings Update: MGM China Holdings Limited (HKG:2282) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts
Earnings Update: MGM China Holdings Limited (HKG:2282) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts
Shareholders might have noticed that MGM China Holdings Limited (HKG:2282) filed its quarterly result this time last week. The early response was not positive, with shares down 4.6% to HK$11.10 in the past week. Overall the results were a little better than the analysts were expecting, with revenues beating forecasts by 3.2%to hit HK$8.0b. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
股东们可能已经注意到,mgm china n2506上星期公布了季报结果。不久的反应并不积极,在过去一周中,股价下跌了4.6%,达到了11.10港元。总体上,本次结果略优于分析师的预期,营业收入击败预测,增长了3.2%,达到了80亿港元。投资者对收益的重视程度很高,因为它们可以追踪公司的性能,查看分析师对明年的预测,并查看对公司情绪是否有所改观。基于此,我们汇集了最新的法定预测,以了解分析师对明年的预期。
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Following the latest results, MGM China Holdings' 15 analysts are now forecasting revenues of HK$31.6b in 2024. This would be a credible 4.5% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to swell 11% to HK$1.32. Yet prior to the latest earnings, the analysts had been anticipated revenues of HK$31.6b and earnings per share (EPS) of HK$1.30 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.
根据最新的结果,mgm china n2506的15位分析师现在预测2024年的收入将达到316亿港元。与过去12个月相比,这将是可靠的4.5%收入增长。法定每股收益被预测将增长11%,达到1.32港元。然而,在最新的收益公告之前,分析师们预计2024年的收入为316亿港元,每股收益为1.30港元。整体而言,共识分析师似乎没有看到这些结果中任何改变他们对该业务的看法的事物。这意味着他们的估计没有什么大的变化。
There were no changes to revenue or earnings estimates or the price target of HK$16.98, suggesting that the company has met expectations in its recent result. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on MGM China Holdings, with the most bullish analyst valuing it at HK$19.30 and the most bearish at HK$12.50 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.
营收或收益预测或HK$16.98的目标价没有变化,这表明该公司在最近的结果中达到了预期。仅专注于单一的目标价可能是不明智的,因为共识目标实际上是分析师目标价的平均值。因此,一些投资者喜欢查看估计范围,以查看有没有对公司估值的不同看法。就mgm china n2506而言,有一些不同的看法,最看好的分析师将其估值为19.30港元,而最看淡则为12.50港元每股。这些目标价显示分析师对该业务的看法有所不同,但估计不足以使我们认为有人在押注极高的成功或彻底的失败。
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that MGM China Holdings' rate of growth is expected to accelerate meaningfully, with the forecast 9.2% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 5.5% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 13% annually. So it's clear that despite the acceleration in growth, MGM China Holdings is expected to grow meaningfully slower than the industry average.
获得更多关于这些预测的背景的一种方法是查看其与过去业绩的比较,以及同行业其他公司的业绩如何。从最新的估计数据可以清楚地看出,mgm china n2506的增长速度预计将明显加快,预测的9.2%年增收增速明显快于过去五年的5.5%年复合增长率。将其与同行业其他公司进行比较,预计其年营收增长将为13%。因此,显然尽管增长加速,mgm china n2506的增长速度仍预计低于行业平均水平。
The Bottom Line
最重要的事情是分析师增加了它对下一年每股亏损的估计。令人欣慰的是,营收预测未发生重大变化,业务仍有望比整个行业增长更快。共识价格目标稳定在28.50美元,最新估计不足以对价格目标产生影响。
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. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that MGM China Holdings' revenue is expected to perform worse than the wider industry. The consensus price target held steady at HK$16.98, with the latest estimates not enough to have an impact on their price targets.
最重要的是,分析师重新确认公司的业绩与它们之前的每股收益预测相符,说明情绪没有发生重大变化。幸运的是,分析师还确认了它们的营收预测,暗示其符合预期。尽管我们的数据表明mgm china n2506的营收预期将比整个行业表现差,但共识目标价仍稳定在16.98港元,最新的估计数据不足以对其目标价产生影响。
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 MGM China Holdings going out to 2026, and you can see them free on our platform here..
请记住,对于投资者来说,业务的长期轨迹要比短期的表现更重要。在Simply Wall St,我们对mgm china n2506的分析师预测有完整的覆盖,这些预测一直延伸到2026年,您可以在此免费查看。
Before you take the next step you should know about the 2 warning signs for MGM China Holdings (1 can't be ignored!) that we have uncovered.
在下一步之前,您需要了解我们发现的mgm china n2506的2个警告信号(其中1个不能被忽视!)。
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