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Earnings Beat: Shaanxi Coal Industry Company Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Earnings Beat: Shaanxi Coal Industry Company Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

盈利超出預期:陝西煤業有限公司剛剛超過分析師預測,分析師們一直在更新他們的模型
Simply Wall St ·  11/02 06:55

As you might know, Shaanxi Coal Industry Company Limited (SHSE:601225) recently reported its third-quarter numbers. It looks to have been a decent result overall - while revenue fell marginally short of analyst estimates at CN¥41b, statutory earnings beat expectations by a notable 14%, coming in at CN¥0.55 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 Shaanxi Coal Industry after the latest results.

正如你所知,陝西煤業股份有限公司(SHSE:601225)最近公佈了其第三季度的業績。總體而言,這看起來是一個體面的結果 - 雖然營業收入略低於分析師的預期,爲410億人民幣,但法定盈利超過預期14%,達到每股0.55人民幣。這對投資者來說是一個重要時刻,他們可以在報告中跟蹤公司的表現,查看專家對明年的預測,並查看業務預期是否有任何變化。讀者將很高興地得知,我們已彙總了最新的法定預測,以查看分析師在最新業績後是否改變了對陝西煤業的看法。

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SHSE:601225 Earnings and Revenue Growth November 1st 2024
SHSE:601225 淨利潤和營業收入增長2024年11月1日

Following last week's earnings report, Shaanxi Coal Industry's 13 analysts are forecasting 2025 revenues to be CN¥165.8b, approximately in line with the last 12 months. Per-share earnings are expected to rise 7.6% to CN¥2.33. In the lead-up to this report, the analysts had been modelling revenues of CN¥165.6b and earnings per share (EPS) of CN¥2.34 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

根據上週的盈利報告,陝西煤業的13名分析師預測2025年的營業收入將達到1658億人民幣,大致與過去12個月相符。每股收益預計將增長7.6%,達到2.33人民幣。在此報告之前,分析師們一直在模擬2025年的收入爲1656億人民幣,每股收益(EPS)爲2.34人民幣。一致的分析師似乎沒有從這些結果中看到任何會改變他們對該業務看法的信息,因爲他們的預期沒有發生重大變化。

The analysts reconfirmed their price target of CN¥26.15, showing that the business is executing well and in line with expectations. 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. The most optimistic Shaanxi Coal Industry analyst has a price target of CN¥32.90 per share, while the most pessimistic values it at CN¥21.00. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

分析師再次確認了26.15人民幣的目標價,顯示該業務的執行情況良好且符合預期。一致的目標價只是個別分析師目標的平均值,因此查看潛在預期範圍有助於了解其估算有多廣。最樂觀的陝西煤業分析師將目標價設定爲每股32.90人民幣,而最悲觀者將其設定爲每股21.00人民幣。股票存在着不同的觀點,但預測範圍並不寬廣,我們認爲暗示了該情況是可以預測的。

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Shaanxi Coal Industry's past performance and to peers in the same industry. We would highlight that revenue is expected to reverse, with a forecast 1.5% annualised decline to the end of 2025. That is a notable change from historical growth of 17% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 5.7% per year. It's pretty clear that Shaanxi Coal Industry's revenues are expected to perform substantially worse than the wider industry.

這些預測很有趣,但在比較預測時,將預測與陝西煤業的過往表現以及同行業中的同行進行更廣泛的概述是有益的。我們要強調的是,預計營業收入將出現逆轉,年化下降率預計爲1.5%,在2025年年底之前。這與過去五年中17%的歷史增長形成了明顯對比。將此與我們的數據進行比較,我們的數據表明,同行業中的其他公司總體上預計營業收入每年增長5.7%。很明顯,預計陝西煤業的營業收入表現將遠遠遜色於整個行業。

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 obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Shaanxi Coal Industry's revenue is expected to perform worse than the wider industry. The consensus price target held steady at CN¥26.15, with the latest estimates not enough to have an impact on their price targets.

最明顯的結論是,業務前景近期沒有發生重大變化,分析師們保持着他們的盈利預測穩定,與先前的估計一致。幸運的是,分析師們也重申了他們的營業收入預估,表明其符合預期。儘管我們的數據確實顯示陝西煤業的營業收入預計將表現不及整個行業板塊。共識價格目標保持在人民幣26.15元,最新估值不足以對其價格目標產生影響。

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Shaanxi Coal Industry analysts - 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比明年更爲重要。我們從多位陝西煤業分析師處獲得了2026年的估值,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 Shaanxi Coal Industry that you should be aware of.

然而,在您過於興奮之前,我們發現了一項對陝西煤業的1個警示信號,您應該注意。

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.

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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。

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