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Zhejiang Crystal-Optech Co., Ltd Just Beat EPS By 25%: Here's What Analysts Think Will Happen Next

Simply Wall St ·  Oct 31 06:36

Zhejiang Crystal-Optech Co., Ltd (SZSE:002273) just released its latest quarterly results and things are looking bullish. It was overall a positive result, with revenues beating expectations by 9.3% to hit CN¥2.1b. Zhejiang Crystal-Optech also reported a statutory profit of CN¥0.31, which was an impressive 25% above what the analysts had forecast. 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.

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SZSE:002273 Earnings and Revenue Growth October 30th 2024

Taking into account the latest results, the current consensus from Zhejiang Crystal-Optech's eight analysts is for revenues of CN¥7.59b in 2025. This would reflect a substantial 22% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to accumulate 7.1% to CN¥0.79. In the lead-up to this report, the analysts had been modelling revenues of CN¥7.55b and earnings per share (EPS) of CN¥0.78 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

There were no changes to revenue or earnings estimates or the price target of CN¥21.18, suggesting that the company has met expectations in its recent result. 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 Zhejiang Crystal-Optech at CN¥23.80 per share, while the most bearish prices it at CN¥17.99. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

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. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 17% growth on an annualised basis. That is in line with its 15% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 18% per year. It's clear that while Zhejiang Crystal-Optech's revenue growth is expected to continue on its current trajectory, it's only expected to grow in line with the industry itself.

The Bottom Line

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. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at CN¥21.18, with the latest estimates not enough to have an impact on their price targets.

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 Zhejiang Crystal-Optech 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 1 warning sign for Zhejiang Crystal-Optech 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.

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