SurgePays, Inc. (NASDAQ:SURG) Just Reported And Analysts Have Been Cutting Their Estimates
SurgePays, Inc. (NASDAQ:SURG) Just Reported And Analysts Have Been Cutting Their Estimates
There's been a major selloff in SurgePays, Inc. (NASDAQ:SURG) shares in the week since it released its quarterly report, with the stock down 21% to US$1.90. It was a pretty bad result overall; while revenues were in line with expectations at US$15m, statutory losses exploded to US$0.66 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on SurgePays after the latest results.
SurgePays(納斯達克:SURG)在發佈季度業績後一週出現了重大拋售,股價下跌21%至1.90美元。總體來說,這是相當糟糕的結果;雖然營業收入符合預期,達到了1500萬美元,但法定虧損達到了每股0.66美元。分析師們在收到這一結果後更新了他們的收益模型,我想知道他們是否認爲公司前景發生了重大變化或者仍是業務照常(business as usual)。讀者們會高興地得知,我們整合了最新的法定預測結果,看看分析師們在最新業績後有沒有改變對SurgePays的看法。
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Taking into account the latest results, the dual analysts covering SurgePays provided consensus estimates of US$68.6m revenue in 2024, which would reflect a concerning 39% decline over the past 12 months. The statutory loss per share is expected to greatly reduce in the near future, narrowing 1,263% to US$1.06. Before this earnings report, the analysts had been forecasting revenues of US$100.4m and earnings per share (EPS) of US$0.005 in 2024. So we can see that the consensus has become notably more bearish on SurgePays' outlook following these results, with a pretty serious reduction to next year's revenue estimates. Furthermore, they expect the business to be loss-making next year, compared to their previous calls for a profit.
考慮了最新的結果後,覆蓋SurgePays的兩名分析師提供了2024年6860萬美元收入的共識估計,這反映了過去12個月累計下降39%。每股法定虧損預計在不久的將來將大幅減少,降至每股1.06美元。在此次業績發佈之前,分析師們預計收入達到10040萬美元,每股收益爲0.005美元。因此,我們可以看到,分析師們對SurgePays前景的共識已經明顯變得更爲看淡,對明年營收估計也做出了相當嚴重的調整。此外,他們預計明年該公司將虧損,而不是之前預測的盈利。
The consensus price target fell 15% to US$5.75, with the analysts clearly concerned about the company following the weaker revenue and earnings outlook.
共識價格目標下調15%至5.75美元,分析師們顯然擔心該公司在較弱的營收和盈收前景之後的表現。
Of course, another way to look at these forecasts is to place them into context against the industry itself. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 63% by the end of 2024. This indicates a significant reduction from annual growth of 35% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 3.9% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - SurgePays is expected to lag the wider industry.
當然,另一種看待這些預測的方法是將它們與行業本身進行對比。這些預測表明,收入預計將放緩,到2024年底預計年化下降63%。這表明,相比於過去五年的年均增長率35%,該公司的增速顯著下降。相比之下,我們的數據表明,同一行業中(受到分析師關注的公司)其他公司估計將持續未來預期每年增長3.9%。因此,儘管其收入預計將減少,但這片陰影並沒有白銀般的光輝——SurgePays預計將落後於更廣泛的行業板塊。
The Bottom Line
最重要的事情是分析師增加了它對下一年每股虧損的估計。令人欣慰的是,營收預測未發生重大變化,業務仍有望比整個行業增長更快。共識價格目標穩定在28.50美元,最新估計不足以對價格目標產生影響。
The biggest low-light for us was that the forecasts for SurgePays dropped from profits to a loss next year. On the negative side, they also downgraded their revenue estimates, and forecasts imply they will perform worse than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of SurgePays' future valuation.
對我們來說最大的亮點是,對SurgePays的預測從明年利潤變爲了虧損。在負面方面,他們還下調了其營收預期,預測它們將表現得比更廣泛的行業板塊更糟糕。共識價格目標大幅下降,分析師們似乎並不對最新結果感到放心,導致對SurgePays未來估值預期更低。
With that in mind, we wouldn't be too quick to come to a conclusion on SurgePays. Long-term earnings power is much more important than next year's profits. At least one analyst has provided forecasts out to 2025, which can be seen for free on our platform here.
考慮到這一點,我們不應該過快地得出關於SurgePays的結論。長期的收益能力比明年的利潤更爲重要。至少有一位分析師已經提供了自由瀏覽2025年的預測,可以在我們的平台上免費查看[這裏](這裏)。
That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 5 warning signs with SurgePays , and understanding them should be part of your investment process.
也就是說,仍然有必要考慮投資風險的不斷出現的威脅。我們已經確定了SurgePays的5個風險信號,了解它們應該是您的投資過程的一部分。
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