The Williams Companies, Inc. Just Missed EPS By 12%: Here's What Analysts Think Will Happen Next
The Williams Companies, Inc. Just Missed EPS By 12%: Here's What Analysts Think Will Happen Next
Last week, you might have seen that The Williams Companies, Inc. (NYSE:WMB) released its second-quarter result to the market. The early response was not positive, with shares down 2.0% to US$32.86 in the past week. Revenues were in line with forecasts, at US$2.5b, although statutory earnings per share came in 12% below what the analysts expected, at US$0.33 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
View our latest analysis for Williams Companies
NYSE:WMB Earnings and Revenue Growth August 3rd 2022Taking into account the latest results, Williams Companies' ten analysts currently expect revenues in 2022 to be US$10.7b, approximately in line with the last 12 months. Per-share earnings are expected to ascend 19% to US$1.53. In the lead-up to this report, the analysts had been modelling revenues of US$10.7b and earnings per share (EPS) of US$1.55 in 2022. 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 US$38.00, 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. There are some variant perceptions on Williams Companies, with the most bullish analyst valuing it at US$41.00 and the most bearish at US$31.00 per share. 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. These estimates imply that sales are expected to slow, with a forecast annualised revenue decline of 1.5% by the end of 2022. This indicates a significant reduction from annual growth of 4.9% over the last five years. Yet aggregate analyst estimates for other companies in the industry suggest that industry revenues are forecast to decline 5.5% per year. So it's pretty clear that Williams Companies' revenues are expected to shrink slower than the wider industry.
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. Fortunately, they also reconfirmed their revenue estimates, suggesting sales are tracking in line with expectations. Their estimates also suggest that Williams Companies' revenues are expected to perform better than the wider industry. The consensus price target held steady at US$38.00, with the latest estimates not enough to have an impact on their price targets.
With that in mind, we wouldn't be too quick to come to a conclusion on Williams Companies. 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 Williams Companies going out to 2024, and you can see them free on our platform here..
You should always think about risks though. Case in point, we've spotted 2 warning signs for Williams Companies you should be aware of, and 1 of them is potentially serious.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
上週,你可能已經看到了威廉姆斯公司(紐約證券交易所代碼:WMB)向市場發佈了第二季度業績。早期的反應並不積極,過去一週股價下跌2.0%,至32.86美元。營收與預期相符,為25億美元,儘管法定每股收益低於分析師預期的12%,為每股0.33美元。在業績公佈後,分析師們更新了他們的收益模型,如果他們認為公司的前景發生了巨大變化,還是一切照舊,那將是一件好事。我們認為,讀者會發現看到分析師對明年最新(法定)盈利後的預測會很有趣。
查看我們對威廉姆斯公司的最新分析
紐約證券交易所:WMB收益和收入增長2022年8月3日考慮到最新的業績,Williams Companies的十位分析師目前預計2022年的收入為107億美元,與過去12個月大致一致。預計每股收益將增長19%,至1.53美元。在本報告發布之前,分析師一直在預測2022年的收入為107億美元,每股收益(EPS)為1.55美元。因此,很明顯,儘管分析師們更新了他們的估計,但在最新業績公佈後,對該業務的預期並沒有發生重大變化。
收入或收益預期沒有變化,目標股價也沒有變化,表明該公司在最近的業績中達到了預期。共識價格目標只是個別分析師目標的平均值,因此-看看基礎估計的範圍有多大可能很方便。對威廉姆斯公司有一些不同的看法,最樂觀的分析師對其估值為41.00美元,最悲觀的分析師估值為每股31.00美元。估值之間的狹窄差距可能表明,該公司的未來相對容易估值,或者分析師對其前景有很強的看法。
瞭解這些預測的更多背景信息的一種方法是,看看它們與過去的表現如何比較,以及同行業的其他公司的表現如何。這些預估意味着銷售預計將放緩,預計到2022年底,年化收入將下降1.5%。這表明,與過去五年4.9%的年增長率相比,這一數字大幅下降。然而,分析師對該行業其他公司的綜合估計顯示,該行業的收入預計將以每年5.5%的速度下降。因此,很明顯,威廉姆斯公司的收入預計將比整個行業的萎縮速度更慢。
底線
最重要的是,市場情緒沒有發生重大變化,分析師們再次確認,該公司的表現與他們之前的每股收益預期一致。幸運的是,他們還再次確認了收入預期,表明銷售額與預期相符。他們的估計還表明,威廉姆斯公司的營收預計將好於整個行業。共識價格目標持穩於38.00美元,最新估計不足以對他們的價格目標產生影響。
考慮到這一點,我們不會太快得出威廉姆斯公司的結論。長期盈利能力比明年的利潤重要得多。在Simply Wall St.,我們有對威廉姆斯公司2024年之前的全方位分析師預測,你可以在我們的平臺上免費看到。
不過,你應該始終考慮風險。舉個例子,我們發現威廉姆斯公司的2個警告信號您應該意識到,其中1個可能是嚴重的。
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本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。
譯文內容由第三人軟體翻譯。
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