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Earnings Miss: Shanxi Coking Coal Energy Group Co., Ltd. Missed EPS By 9.9% And Analysts Are Revising Their Forecasts

Earnings Miss: Shanxi Coking Coal Energy Group Co., Ltd. Missed EPS By 9.9% And Analysts Are Revising Their Forecasts

收益不佳:山西焦煤能源集团有限公司每股收益未达到9.9%,分析师正在修改预测
Simply Wall St ·  04/25 07:17

Last week, you might have seen that Shanxi Coking Coal Energy Group Co., Ltd. (SZSE:000983) released its full-year result to the market. The early response was not positive, with shares down 5.8% to CN¥10.53 in the past week. It looks like the results were a bit of a negative overall. While revenues of CN¥56b were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 9.9% to hit CN¥1.23 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Shanxi Coking Coal Energy Group after the latest results.

上周,你可能已经看到山西焦煤能源集团有限公司(SZSE: 000983)向市场发布了全年业绩。早期的反应并不乐观,过去一周股价下跌5.8%,至10.53元人民币。总体而言,结果似乎有点负面。尽管560亿元人民币的收入与分析师的预测一致,但法定收益低于预期,比预期低9.9%,达到每股1.23元人民币。对于投资者来说,这是一个重要时刻,因为他们可以在报告中追踪公司的业绩,看看专家对明年的预测,看看对该业务的预期是否有任何变化。读者会很高兴得知我们已经汇总了最新的法定预测,以了解分析师在最新业绩公布后是否改变了对山西焦煤能源集团的看法。

earnings-and-revenue-growth
SZSE:000983 Earnings and Revenue Growth April 24th 2024
SZSE: 000983 2024年4月24日收益和收入增长

Following last week's earnings report, Shanxi Coking Coal Energy Group's six analysts are forecasting 2024 revenues to be CN¥55.6b, approximately in line with the last 12 months. Statutory earnings per share are predicted to swell 10% to CN¥1.32. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥56.4b and earnings per share (EPS) of CN¥1.55 in 2024. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a substantial drop in EPS estimates.

继上周的财报之后,山西焦煤能源集团的六位分析师预测2024年的收入为556亿元人民币,与过去12个月大致持平。预计每股法定收益将增长10%,至1.32元人民币。然而,在最新财报公布之前,分析师曾预计2024年的收入为564亿元人民币,每股收益(EPS)为1.55元人民币。最新业绩公布后,分析师似乎变得更加看跌。尽管收入预测没有变化,但每股收益的预期却大幅下降。

Despite cutting their earnings forecasts,the analysts have lifted their price target 12% to CN¥11.42, suggesting that these impacts are not expected to weigh on the stock's value in the long term. 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 Shanxi Coking Coal Energy Group at CN¥13.30 per share, while the most bearish prices it at CN¥9.53. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

尽管下调了收益预期,但分析师仍将目标股价上调了12%,至11.42元人民币,这表明从长远来看,这些影响预计不会打压该股的价值。共识目标股价只是个别分析师目标的平均值,因此——可以很方便地看到基础估计值的范围有多广。目前,最看涨的分析师估值山西焦煤能源集团为每股13.30元人民币,而最看跌的分析师估值为9.53元人民币。如你所见,分析师对该股的未来并不完全一致,但估计范围仍然相当狭窄,这可能表明结果并非完全不可预测。

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. We would highlight that Shanxi Coking Coal Energy Group's revenue growth is expected to slow, with the forecast 0.1% annualised growth rate until the end of 2024 being well below the historical 17% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.2% per year. Factoring in the forecast slowdown in growth, it seems obvious that Shanxi Coking Coal Energy Group is also expected to grow slower than other industry participants.

现在从大局来看,我们理解这些预测的方法之一是了解它们与过去的业绩和行业增长估计相比如何。我们要强调的是,山西焦煤能源集团的收入增长预计将放缓,预计到2024年底的年化增长率为0.1%,远低于过去五年17%的历史年增长率。相比之下,该行业中其他有分析师报道的公司的收入预计将以每年4.2%的速度增长。考虑到增长放缓的预测,很明显,山西焦煤能源集团的增长速度预计也将低于其他行业参与者。

The Bottom Line

底线

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

要记住的最重要的一点是,分析师下调了每股收益的预期,这表明业绩公布后,市场情绪明显下降。从好的方面来看,收入估计没有重大变化;尽管预测表明收入的表现将比整个行业差。目标股价也大幅上涨,分析师显然认为该业务的内在价值正在提高。

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Shanxi Coking Coal Energy Group analysts - going out to 2026, and you can see them free on our platform here.

根据这种思路,我们认为该业务的长期前景比明年的收益重要得多。根据多位山西焦煤能源集团分析师的估计,到2026年,你可以在我们的平台上免费查看。

Before you take the next step you should know about the 2 warning signs for Shanxi Coking Coal Energy Group that we have uncovered.

在采取下一步行动之前,您应该了解我们发现的山西焦煤能源集团的两个警告信号。

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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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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

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