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Results: Constellation Energy Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

Results: Constellation Energy Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

業績:星座能源公司超出預期,共識已更新其估計
Simply Wall St ·  2023/08/06 20:31

Constellation Energy Corporation (NASDAQ:CEG) investors will be delighted, with the company turning in some strong numbers with its latest results. It was a solid earnings report, with revenues and statutory earnings per share (EPS) both coming in strong. Revenues were 20% higher than the analysts had forecast, at US$5.4b, while EPS were US$2.84 beating analyst models by 356%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

星座能源公司 納斯達克股票代碼:CEG)的投資者將感到高興,該公司的最新業績表現強勁。這是一份穩健的收益報告,收入和法定每股收益(EPS)都表現強勁。收入比分析師的預測高出20%,爲54億美元,而每股收益爲2.84美元,比分析師模型高出356%。分析師通常會在每份收益報告中更新他們的預測,我們可以根據他們的估計來判斷他們對公司的看法是否發生了變化,或者是否有任何新的擔憂需要注意。根據這些結果,我們收集了最新的法定預測,以了解分析師是否改變了收益模型。

See our latest analysis for Constellation Energy

查看我們對星座能源的最新分析

earnings-and-revenue-growth
NasdaqGS:CEG Earnings and Revenue Growth August 6th 2023
納斯達克股票代碼:CEG 收益和收入增長 2023 年 8 月 6 日

Taking into account the latest results, the six analysts covering Constellation Energy provided consensus estimates of US$23.8b revenue in 2023, which would reflect an uncomfortable 9.7% decline over the past 12 months. Per-share earnings are expected to leap 63% to US$3.92. In the lead-up to this report, the analysts had been modelling revenues of US$22.7b and earnings per share (EPS) of US$3.47 in 2023. So it seems there's been a definite increase in optimism about Constellation Energy's future following the latest results, with a substantial gain in the earnings per share forecasts in particular.

考慮到最新業績,報道Constellation Energy的六位分析師提供了共識估計,即2023年收入爲238億美元,這將反映出過去12個月中令人不安的9.7%下降幅度。每股收益預計將增長63%,至3.92美元。在本報告發布之前,分析師一直在模擬2023年的收入爲227億美元,每股收益(EPS)爲3.47美元。因此,在最新業績公佈之後,人們對Constellation Energy未來的樂觀情緒似乎明顯增強,尤其是每股收益預測大幅上升。

Althoughthe analysts have upgraded their earnings estimates, there was no change to the consensus price target of US$105, suggesting that the forecast performance does not have a long term impact on the company's valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Constellation Energy at US$125 per share, while the most bearish prices it at US$90.00. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Constellation Energy shareholders.

儘管分析師上調了收益預期,但105美元的共識目標股價沒有變化,這表明預測的業績不會對公司的估值產生長期影響。但是,固定單一目標股價可能是不明智的,因爲共識目標實際上是分析師目標股價的平均值。因此,一些投資者喜歡查看估值範圍,看看對公司的估值是否存在任何分歧的看法。目前,最看漲的分析師對Constellation Energy的估值爲每股125美元,而最看跌的分析師將其定價爲90.00美元。分析師對該業務的看法肯定各不相同,但在我們看來,估計的範圍還不夠大,不足以表明Constellation Energy的股東可能會有極端的結果。

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that revenue is expected to reverse, with a forecast 18% annualised decline to the end of 2023. That is a notable change from historical growth of 4.8% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 3.2% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Constellation Energy is expected to lag the wider industry.

當然,看待這些預測的另一種方法是將其置於行業本身的背景下。我們要強調的是,收入預計將逆轉,預計到2023年底,年化下降18%。與過去五年4.8%的歷史增長相比,這是一個顯著的變化。將此與我們的數據進行比較,該數據表明,同一行業的其他公司的收入總體上預計將每年增長3.2%。因此,儘管預計其收入將萎縮,但這種雲並不帶來一線希望——Constellation Energy預計將落後於整個行業。

The Bottom Line

底線

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 Constellation Energy following these results. Fortunately, they also upgraded their revenue estimates, although our data indicates it is expected to perform worse 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.

這裏最重要的是,分析師上調了每股收益預期,這表明在公佈這些業績之後,人們對Constellation Energy的樂觀情緒明顯增強。幸運的是,他們還上調了收入預期,儘管我們的數據表明其表現預計將比整個行業差。共識目標股價沒有實際變化,這表明根據最新估計,該業務的內在價值沒有發生任何重大變化。

With that in mind, we wouldn't be too quick to come to a conclusion on Constellation Energy. 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 Constellation Energy going out to 2025, and you can see them free on our platform here..

考慮到這一點,我們不會很快就得出關於Constellation Energy的結論。長期盈利能力比明年的利潤重要得多。在Simply Wall St,我們有分析師對2025年Constellation Energy的全方位估計,你可以在這裏的平台上免費看到這些估計...

Before you take the next step you should know about the 2 warning signs for Constellation Energy that we have uncovered.

在您採取下一步之前,您應該了解 星座能量的 2 個警告標誌 我們已經發現了。

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.

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Simply Wall St 的這篇文章本質上是籠統的。 我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。 它不構成買入或賣出任何股票的建議,也沒有考慮您的目標或財務狀況。我們的目標是爲您提供由基本面數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。簡而言之,華爾街在上述任何股票中都沒有頭寸。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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