Federal Signal Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Federal Signal Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
As you might know, Federal Signal Corporation (NYSE:FSS) recently reported its quarterly numbers. Revenues were US$425m, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at US$0.84, an impressive 30% ahead of estimates. 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.
如你所知，聯邦信號公司（紐約證券交易所代碼：FSS）最近公佈了其季度數據。收入爲4.25億美元，與分析師的預期大致一致，儘管法定每股收益（EPS）打破了預期，爲0.84美元，比預期高出30％。分析師通常會在每份收益報告中更新他們的預測，我們可以從他們的估計中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問題需要注意。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盈利模式。
Taking into account the latest results, the consensus forecast from Federal Signal's six analysts is for revenues of US$1.87b in 2024. This reflects a modest 6.2% improvement in revenue compared to the last 12 months. Per-share earnings are expected to increase 8.6% to US$3.23. Before this earnings report, the analysts had been forecasting revenues of US$1.88b and earnings per share (EPS) of US$3.07 in 2024. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.
考慮到最新結果，聯邦信號的六位分析師的共識預測是，2024年的收入爲18.7億美元。這反映了與過去12個月相比，收入略有增長6.2％。每股收益預計將增長8.6％，至3.23美元。在本業績發佈之前，分析師一直預測2024年的收入爲18.8億美元，每股收益（EPS）爲3.07美元。從他們新的每股收益估計來看，分析師似乎對該業務更加看好。
The consensus price target was unchanged at US$84.50, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. 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 Federal Signal at US$95.00 per share, while the most bearish prices it at US$76.00. This is a very narrow spread of estimates, implying either that Federal Signal is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
共識目標股價保持不變，爲84.50美元，這意味着盈利前景的改善預計不會對股東的價值創造產生長期影響。共識目標股價只是個別分析師目標的平均值，因此——可以很方便地看到基礎估計值的範圍有多廣。目前，最看漲的分析師對聯邦信號的估值爲每股95.00美元，而最看跌的分析師估值爲76.00美元。這與估計值的差距非常小，這意味着Federal Signal是一家易於估值的公司，或者（更有可能）分析師嚴重依賴一些關鍵假設。
Of course, another way to look at these forecasts is to place them into context against the industry itself. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 8.4% growth on an annualised basis. That is in line with its 8.8% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 3.6% annually. So although Federal Signal is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.
當然，看待這些預測的另一種方法是將它們與行業本身聯繫起來。分析師表示，截至2024年底將帶來更多相同的情況，收入按年計算預計將增長8.4％。這與其在過去五年中8.8％的年增長率一致。相比之下，分析師估計（總計），整個行業的收入將每年增長3.6％。因此，儘管Federal Signal有望保持其收入增長率，但其增長速度肯定會超過整個行業。
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 Federal Signal following these results. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster 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的預期，這表明在這些業績公佈後，人們對聯邦信號的樂觀情緒明顯增強。令人高興的是，收入預測沒有重大變化，預計該業務的增長速度仍將快於整個行業。共識目標股價沒有實際變化，這表明該業務的內在價值與最新估計相比沒有發生任何重大變化。
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Federal Signal going out to 2026, and you can see them free on our platform here..
話雖如此，公司收益的長期軌跡比明年重要得多。在Simply Wall St，我們有分析師對2026年的聯邦信號的全方位估計，你可以在我們的平台上免費查看。
You can also view our analysis of Federal Signal's balance sheet, and whether we think Federal Signal is carrying too much debt, for free on our platform here.
您還可以在我們的平台上免費查看我們對Federal Signal資產負債表的分析，以及我們是否認爲Federal Signal揹負了過多的債務。
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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，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本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型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
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