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There May Be Some Bright Spots In Cadre Holdings' (NYSE:CDRE) Earnings

There May Be Some Bright Spots In Cadre Holdings' (NYSE:CDRE) Earnings

在幹部控股(紐交所:CDRE)的盈利中可能會有一些亮點
Simply Wall St ·  11/14 21:51

The market for Cadre Holdings, Inc.'s (NYSE:CDRE) shares didn't move much after it posted weak earnings recently. Our analysis suggests that while the profits are soft, the foundations of the business are strong.

Cadre Holdings, Inc.(紐交所代碼:CDRE)的股票在最近公佈疲軟的收益後沒有太大波動。我們的分析表明,儘管利潤表現不佳,但業務的基礎依然強大。

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NYSE:CDRE Earnings and Revenue History November 14th 2024
紐交所:CDRE 每股收益和營業收入歷史 2024年11月14日

In order to understand the potential for per share returns, it is essential to consider how much a company is diluting shareholders. Cadre Holdings expanded the number of shares on issue by 8.0% over the last year. Therefore, each share now receives a smaller portion of profit. To talk about net income, without noticing earnings per share, is to be distracted by the big numbers while ignoring the smaller numbers that talk to per share value. You can see a chart of Cadre Holdings' EPS by clicking here.

爲了了解每股回報的潛力,務必考慮公司對股東的稀釋程度。Cadre Holdings在過去一年中,發行的股份數量增加了8.0%。因此,每股現在獲得的利潤份額更小。談論淨利潤而不注意每股收益,就是被大數字所吸引,而忽視那些與每股價值相關的小數字。您可以通過點擊此處查看Cadre Holdings的每股收益圖表。

How Is Dilution Impacting Cadre Holdings' Earnings Per Share (EPS)?

稀釋對Cadre Holdings每股收益(EPS)的影響如何?

Cadre Holdings has improved its profit over the last three years, with an annualized gain of 36% in that time. In contrast, earnings per share were actually down by 4.9% per year, in the exact same period. Net income was down 8.1% over the last twelve months. Unfortunately for shareholders, though, the earnings per share result was even worse, declining 12%. Therefore, the dilution is having a noteworthy influence on shareholder returns.

Cadre Holdings在過去三年中改善了其利潤,年化增幅達到36%。相比之下,完全相同時期的每股收益實際上下降了4.9%。過去十二個月,淨利潤下降了8.1%。不幸的是,對於股東來說,每股收益的結果甚至更糟,下降了12%。因此,稀釋對股東回報產生了顯著影響。

In the long term, if Cadre Holdings' earnings per share can increase, then the share price should too. However, if its profit increases while its earnings per share stay flat (or even fall) then shareholders might not see much benefit. For the ordinary retail shareholder, EPS is a great measure to check your hypothetical "share" of the company's profit.

從長遠來看,如果Cadre Holdings的每股收益能增加,那麼股價也應該上漲。但是,如果它的利潤增加而每股收益保持不變(或甚至下降),那麼股東可能不會看到太多好處。對於普通零售股東來說,每股收益是檢查您假設的"分享"公司利潤的極好指標。

That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.

這可能會讓您想知道分析師對未來盈利能力的預測。幸運的是,您可以單擊此處查看基於其估計的未來盈利能力的互動圖表。

How Do Unusual Items Influence Profit?

非常規項目如何影響利潤?

On top of the dilution, we should also consider the US$11m impact of unusual items in the last year, which had the effect of suppressing profit. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's hardly a surprise given these line items are considered unusual. Assuming those unusual expenses don't come up again, we'd therefore expect Cadre Holdings to produce a higher profit next year, all else being equal.

除了稀釋外,我們還應該考慮去年1100萬美元的飛凡項目影響,這抑制了利潤。雖然由於飛凡項目的扣除在一開始令人失望,但其中還是有一絲希望。當我們分析全球絕大多數上市公司時,我們發現顯著的飛凡項目通常不會重複。而這並不令人驚訝,因爲這些項目被認爲是飛凡的。假設這些飛凡支出不會再出現,那麼我們預計Cadre Holdings明年將實現更高的利潤,其他條件不變。

Our Take On Cadre Holdings' Profit Performance

我們對Cadre Holdings的盈利表現的看法

Cadre Holdings suffered from unusual items which depressed its profit in its last report; if that is not repeated then profit should be higher, all else being equal. But on the other hand, the company issued more shares, so without buying more shares each shareholder will end up with a smaller part of the profit. Given the contrasting considerations, we don't have a strong view as to whether Cadre Holdings's profits are an apt reflection of its underlying potential for profit. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. Case in point: We've spotted 3 warning signs for Cadre Holdings you should be aware of.

Cadre Holdings受到飛凡項目的影響,導致其在最後報告中利潤下滑;如果這種情況不再發生,那麼利潤應該會更高,其他條件不變。但另一方面,該公司發行了更多的股票,因此如果不買入更多的股票,每位股東最終將獲得的利潤份額會更小。考慮到這些對立的因素,我們對Cadre Holdings的利潤是否能恰當地反映其潛在利潤沒有強烈的看法。鑑於此,如果您想對該公司進行更多分析,了解相關風險是至關重要的。比如,我們發現了Cadre Holdings的3個警告信號,您應該了解。

Our examination of Cadre Holdings has focussed on certain factors that can make its earnings look better than they are. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership.

我們對Cadre Holdings的檢查集中在一些因素上,這些因素可能使其收益看起來比實際情況更好。但如果您能專注於微小的細節,總是還有更多的發現。例如,許多人認爲高資本回報率是良好業務經濟的標誌,而另一些人則喜歡'追逐資金',尋找內部人士正在購買的股票。因此,您可能想查看這個高資本回報率公司集合的免費資源,或者這個高內部持股的股票列表。

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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.

對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。

譯文內容由第三人軟體翻譯。


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