Earnings Beat: BellRing Brands, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Earnings Beat: BellRing Brands, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
BellRing Brands, Inc. (NYSE:BRBR) just released its latest quarterly results and things are looking bullish. It was overall a positive result, with revenues beating expectations by 5.9% to hit US$495m. BellRing Brands also reported a statutory profit of US$0.43, which was an impressive 30% 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on BellRing Brands after the latest results.
BellRing Brands, Inc.(紐約證券交易所代碼:BRBR)剛剛發佈了最新的季度業績,情況看起來樂觀。總體而言,這是一個積極的結果,收入比預期高出5.9%,達到4.95億美元。BellRing Brands還公佈了0.43美元的法定利潤,比分析師的預測高出30%,令人印象深刻。對於投資者來說,盈利是一個重要時刻,因爲他們可以追蹤公司的業績,查看分析師對明年的預測,看看對公司的情緒是否發生了變化。讀者會很高興得知我們已經彙總了最新的法定預測,以了解分析師在最新業績公佈後是否改變了對BellRing Brands的看法。
Taking into account the latest results, the consensus forecast from BellRing Brands' 14 analysts is for revenues of US$1.96b in 2024. This reflects a modest 6.2% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to climb 20% to US$1.75. In the lead-up to this report, the analysts had been modelling revenues of US$1.92b and earnings per share (EPS) of US$1.58 in 2024. Although the revenue estimates have not really changed, we can see there's been a nice increase in earnings per share expectations, suggesting that the analysts have become more bullish after the latest result.
考慮到最新業績,BellRing Brands的14位分析師的共識預測是,2024年的收入爲19.6億美元。這反映出與過去12個月相比,收入略有增長6.2%。預計每股法定收益將增長20%,至1.75美元。在本報告發布之前,分析師一直在模擬2024年的收入爲19.2億美元,每股收益(EPS)爲1.58美元。儘管收入估計並沒有真正改變,但我們可以看到每股收益的預期有了不錯的增長,這表明分析師在最新業績公佈後變得更加看漲。
The consensus price target was unchanged at US$63.85, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. 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. There are some variant perceptions on BellRing Brands, with the most bullish analyst valuing it at US$68.00 and the most bearish at US$50.00 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
共識目標股價保持不變,爲63.85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。但是,固定單一價格目標可能是不明智的,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計範圍,看看對公司的估值是否有任何分歧。對BellRing Brands的看法有所不同,最看漲的分析師將其估值爲68.00美元,最看跌的爲每股50.00美元。儘管如此,由於估計範圍如此之窄,這表明分析師對他們認爲該公司的價值有了很好的了解。
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 13% growth on an annualised basis. That is in line with its 16% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 6.8% annually. So it's pretty clear that BellRing Brands is forecast to grow substantially faster than its industry.
我們可以從大局的角度看待這些估計值的另一種方式,例如預測如何與過去的表現相提並論,以及預測相對於業內其他公司是否或多或少看漲。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13%。這與其在過去五年中16%的年增長率一致。相比之下,分析師估計(總計),整個行業的收入每年將增長6.8%。因此,很明顯,預計BellRing Brands的增長速度將大大快於其行業。
The Bottom Line
底線
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around BellRing Brands' earnings potential next year. 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.
對我們來說,最大的收穫是共識的每股收益上調,這表明人們對BellRing Brands明年盈利潛力的看法明顯改善。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,這表明根據最新估計,該業務的內在價值沒有發生任何重大變化。
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 forecasts for BellRing Brands going out to 2026, and you can see them free on our platform here.
根據這種思路,我們認爲該業務的長期前景比明年的收益重要得多。我們對BellRing品牌的預測將持續到2026年,你可以在我們的平台上免費查看。
Even so, be aware that BellRing Brands is showing 2 warning signs in our investment analysis , and 1 of those shouldn't be ignored...
即便如此,請注意,BellRing Brands在我們的投資分析中顯示了2個警告信號,其中一個不容忽視...
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