It's been a good week for Goldwind Science And Technology Co., Ltd. (SZSE:002202) shareholders, because the company has just released its latest quarterly results, and the shares gained 6.6% to CN¥7.96. The results were mixed; although revenues of CN¥13b fell 12% short of what the analysts had predicted, per-share (statutory) earnings of CN¥0.25 beat expectations by 172%. 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've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Taking into account the latest results, the consensus forecast from Goldwind Science And Technology's 13 analysts is for revenues of CN¥57.5b in 2024. This reflects a solid 11% improvement in revenue compared to the last 12 months. Per-share earnings are expected to soar 81% to CN¥0.59. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥55.8b and earnings per share (EPS) of CN¥0.51 in 2024. So it seems there's been a definite increase in optimism about Goldwind Science And Technology's future following the latest results, with a substantial gain in the earnings per share forecasts in particular.
Althoughthe analysts have upgraded their earnings estimates, there was no change to the consensus price target of CN¥8.88, suggesting that the forecast performance does not have a long term impact on the company's valuation. 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. Currently, the most bullish analyst values Goldwind Science And Technology at CN¥10.10 per share, while the most bearish prices it at CN¥7.54. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
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. The analysts are definitely expecting Goldwind Science And Technology's growth to accelerate, with the forecast 24% annualised growth to the end of 2024 ranking favourably alongside historical growth of 4.6% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 16% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Goldwind Science And Technology to grow faster than the wider industry.
The Bottom Line
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Goldwind Science And Technology following these results. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
With that in mind, we wouldn't be too quick to come to a conclusion on Goldwind Science And Technology. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Goldwind Science And Technology going out to 2026, and you can see them free on our platform here..
Before you take the next step you should know about the 2 warning signs for Goldwind Science And Technology (1 is significant!) that we have uncovered.
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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.