share_log

Earnings Miss: H&E Equipment Services, Inc. Missed EPS By 13% And Analysts Are Revising Their Forecasts

Earnings Miss: H&E Equipment Services, Inc. Missed EPS By 13% And Analysts Are Revising Their Forecasts

業績不佳:H&E設備服務公司每股收益低於預期13%,分析師正在修正他們的預測
Simply Wall St ·  11/01 18:18

Last week, you might have seen that H&E Equipment Services, Inc. (NASDAQ:HEES) released its quarterly result to the market. The early response was not positive, with shares down 5.8% to US$52.25 in the past week. It was not a great result overall. While revenues of US$385m were in line with analyst predictions, earnings were less than expected, missing statutory estimates by 13% to hit US$0.85 per share. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

上週,您可能已經注意到H&E設備服務公司(納斯達克:HEES)向市場發佈了其季度業績。起初的反應並不積極,股價在過去一週下跌了5.8%,至52.25美元。整體而言,這不是一個很好的業績。雖然3,8500萬美元的營業收入符合分析師的預測,但盈利卻低於預期,按每股0.85美元的標準估算,較法定預期低13%。分析師通常會在每份盈利報告後更新他們的預測,我們可以從他們的估計中判斷他們對公司的看法是否改變,或者是否有任何需要注意的新問題。考慮到這一點,我們收集了最新的法定預測,以了解分析師對明年的預期。

big
NasdaqGS:HEES Earnings and Revenue Growth November 1st 2024
納斯達克GS:HEES盈利和營收增長2024年11月1日

Following the latest results, H&E Equipment Services' six analysts are now forecasting revenues of US$1.56b in 2025. This would be a reasonable 3.0% improvement in revenue compared to the last 12 months. Statutory earnings per share are forecast to decrease 4.9% to US$3.79 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$1.59b and earnings per share (EPS) of US$3.98 in 2025. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year.

根據最新的結果,H&E設備服務公司的六位分析師現在預測2025年的營業收入將達到15.6億美元。與過去12個月相比,這將是合理的3.0%營收增長。法定每股盈利預計在同一時期下降4.9%,至3.79美元。然而,在最新盈利公佈之前,分析師們曾預期2025年的營收達到15.9億美元,每股盈利(EPS)爲3.98美元。在最新業績公佈後,分析師們似乎對該公司變得更加悲觀,因爲對明年每股盈利數字進行了輕微下調。

The consensus price target held steady at US$62.00, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on H&E Equipment Services, with the most bullish analyst valuing it at US$68.00 and the most bearish at US$60.00 per share. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting H&E Equipment Services is an easy business to forecast or the the analysts are all using similar assumptions.

共識價格目標穩定在62.00美元,分析師似乎認爲他們對較低的盈利預期不太可能導致未來可預見的股價下降。然而,我們從中也可以得出其他結論,因爲一些投資者在評估分析師的價格目標時也喜歡考慮估計值的差距。對於H&E設備服務,存在一些不同觀點,最看好的分析師將其估值爲68.00美元,最看淡的則爲60.00美元每股。即使如此,鑑於估計值相對接近,看起來分析師對其估值相當有信心,表明H&E設備服務是一個容易預測的企業,或者分析師們都在使用相似的假設。

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 H&E Equipment Services' revenue growth is expected to slow, with the forecast 2.4% annualised growth rate until the end of 2025 being well below the historical 6.4% 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 5.4% per year. Factoring in the forecast slowdown in growth, it seems obvious that H&E Equipment Services is also expected to grow slower than other industry participants.

現在來從宏觀角度看一下,我們了解這些預測的一種方式是比較它們與過去的業績和行業增長預期。我們要強調H&E Equipment Services的營業收入增長預計將放緩,預計年化增長率爲2.4%,直到2025年底,遠遠低於過去五年中的6.4%的歷史增長率。相比之下,該行業中其他被分析師關注的公司預計每年營收增長率爲5.4%。考慮到預期的增長放緩,很明顯H&E Equipment Services預計增速也將比其他行業參與者慢。

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 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. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that H&E Equipment Services' revenue 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.

最重要的一點是分析師們下調了他們的每股收益預期,表明在這些結果之後,情緒明顯下降。幸運的是,分析師們還重申了他們的營業收入預期,表明它與預期保持一致。儘管我們的數據確實顯示H&E Equipment Services的營業收入預計表現將不如更廣泛的行業,但一致的目標價位沒有真正變化,這表明該業務的內在價值在最新預測中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. We have forecasts for H&E Equipment Services going out to 2026, and you can see them free on our platform here.

話雖如此,公司盈利的長期軌跡要比明年更重要得多。我們對H&E Equipment Services的預測一直延伸到2026年,您可以在我們的平台上免費查看。

However, before you get too enthused, we've discovered 1 warning sign for H&E Equipment Services that you should be aware of.

但在你過於興奮之前,我們發現了1個H&E Equipment Services的警示信號,你應該注意。

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.

對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。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。Simply Wall St沒有任何股票頭寸。

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。
    搶先評論