Analysts are less optimistic about Nanjing Iron & Steel's future, cutting revenue forecasts and earnings per share numbers. The company's revenue growth is expected to slow down significantly, with a projected annual growth of 7.3% until 2024, compared to its historical 12% growth rate. The wider industry is anticipated to outpace Nanjing Iron & Steel.
The market is currently prioritizing other metrics over EPS growth. Revenue growth and dividends paid by the company could be driving a higher share price. The stock's recent performance suggests possible business momentum.
Investors exhibit less optimism via the P/E ratio, casting doubt on the company's ability to meet growth projections amidst possible price risks and expected earnings fluctuations. The looming uncertainties over future earnings could be influencing the stock's P/E ratio.
Nanjing Iron & Steel's valuation might be grounded on its revenue progress rather than its EPS. Investors appear alright with this trajectory given the firm's non-priority for profits. Deeper exploration of the company's performance is advised, indicating positive market sentiment.
Nanjing Iron & Steel Stock Forum
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