Zhejiang Huace Film & TV Co., Ltd. (SZSE:300133) Analysts Just Cut Their EPS Forecasts Substantially
Zhejiang Huace Film & TV Co., Ltd. (SZSE:300133) Analysts Just Cut Their EPS Forecasts Substantially
The latest analyst coverage could presage a bad day for Zhejiang Huace Film & TV Co., Ltd. (SZSE:300133), with the analysts making across-the-board cuts to their statutory estimates that might leave shareholders a little shell-shocked. Both revenue and earnings per share (EPS) estimates were cut sharply as the analysts factored in the latest outlook for the business, concluding that they were too optimistic previously.
最新的分析师报道可能预示着浙江华策影视股份有限公司(SZSE:300133)即将面临不好的一天,分析师对其财务预测进行了全面下调,这可能会让股东们感到有些震惊。分析师们将营业收入和每股收益的预测大幅下调,因为他们考虑了最新的业务前景,并得出结论认为先前的预测过于乐观。
After the downgrade, the six analysts covering Zhejiang Huace Film & TV are now predicting revenues of CN¥2.4b in 2024. If met, this would reflect a huge 63% improvement in sales compared to the last 12 months. Per-share earnings are expected to bounce 84% to CN¥0.21. Previously, the analysts had been modelling revenues of CN¥2.9b and earnings per share (EPS) of CN¥0.27 in 2024. Indeed, we can see that the analysts are a lot more bearish about Zhejiang Huace Film & TV's prospects, administering a substantial drop in revenue estimates and slashing their EPS estimates to boot.
在下调之后,现有的六位分析师预测浙江华策影视2024年的营业收入为24亿元。如果实现,这将相对上一年度销售额大幅提高63%。预计每股收益将增长84%,达到0.21元。之前,分析师们的预测是2024年的营业收入为29亿元,每股收益为0.27元。事实上,我们可以看到分析师们对浙江华策影视的前景更为看淡,大幅下调了营业收入预测并大幅削减了每股收益预测。
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Despite the cuts to forecast earnings, there was no real change to the CN¥6.48 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value.
尽管预测盈利已经下调,但目标价仍保持在6.48元,这显示分析师们认为这些变化对其内在价值没有实质性的影响。
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Zhejiang Huace Film & TV's past performance and to peers in the same industry. One thing stands out from these estimates, which is that Zhejiang Huace Film & TV is forecast to grow faster in the future than it has in the past, with revenues expected to display 166% annualised growth until the end of 2024. If achieved, this would be a much better result than the 12% annual decline over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 13% per year. Not only are Zhejiang Huace Film & TV's revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry.
这些预测很有意思,但在比较预测时,可以更广泛地进行考察,包括与浙江华策影视过去的表现以及同行业中其他公司的比较。这些预测中有一个明显的特点,即浙江华策影视的预计未来增长速度将超过过去,预计营业收入将以166%的年增长率显示到2024年底。如果实现,这将比过去五年的12%年度下降要好得多。相比之下,我们的数据显示,同行业其他(分析师跟踪的)公司预计每年的营业收入增长率为13%。浙江华策影视的营业收入预计不仅会改善,而且分析师们也预计其将比整个行业增长更快。
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 biggest issue in the new estimates is that analysts have reduced their earnings per share estimates, suggesting business headwinds lay ahead for Zhejiang Huace Film & TV. Unfortunately, analysts also downgraded their revenue estimates, although our data indicates revenues are expected to perform better than the wider market. The lack of change in the price target is puzzling in light of the downgrade but, with a serious decline expected this year, we wouldn't be surprised if investors were a bit wary of Zhejiang Huace Film & TV.
新的估计中最大的问题是,分析师们降低了每股收益的预期,这表明浙江华策影视未来可能面临业务逆风。不幸的是,分析师还下调了他们的营业收入预期,尽管我们的数据显示,收入预计会优于整个市场。价格目标的缺乏变化让人感到困惑,但考虑到今年预计会出现严重下滑,如果投资者有些谨慎,我们也不会感到惊讶。
Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. At Simply Wall St, we have a full range of analyst estimates for Zhejiang Huace Film & TV going out to 2026, and you can see them free on our platform here.
尽管如此,业务的长期轨迹对于股东的价值创造更为重要。在Simply Wall St,我们对浙江华策影视的2026年的分析师预期进行了全面覆盖,您可以在我们的平台上免费查看。
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 backed by insiders.
跟踪管理层是购买还是销售,是寻找可能达到关键点的有趣公司的另一种方法,我们的免费公司列表由内部支持的增长公司组成。
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