Last week, you might have seen that The Williams Companies, Inc. (NYSE:WMB) released its second-quarter result to the market. The early response was not positive, with shares down 2.0% to US$32.86 in the past week. Revenues were in line with forecasts, at US$2.5b, although statutory earnings per share came in 12% below what the analysts expected, at US$0.33 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
View our latest analysis for Williams Companies
NYSE:WMB Earnings and Revenue Growth August 3rd 2022
Taking into account the latest results, Williams Companies' ten analysts currently expect revenues in 2022 to be US$10.7b, approximately in line with the last 12 months. Per-share earnings are expected to ascend 19% to US$1.53. In the lead-up to this report, the analysts had been modelling revenues of US$10.7b and earnings per share (EPS) of US$1.55 in 2022. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
There were no changes to revenue or earnings estimates or the price target of US$38.00, suggesting that the company has met expectations in its recent result. 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. There are some variant perceptions on Williams Companies, with the most bullish analyst valuing it at US$41.00 and the most bearish at US$31.00 per share. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. These estimates imply that sales are expected to slow, with a forecast annualised revenue decline of 1.5% by the end of 2022. This indicates a significant reduction from annual growth of 4.9% over the last five years. Yet aggregate analyst estimates for other companies in the industry suggest that industry revenues are forecast to decline 5.5% per year. So it's pretty clear that Williams Companies' revenues are expected to shrink slower than the wider industry.
The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue estimates, suggesting sales are tracking in line with expectations. Their estimates also suggest that Williams Companies' revenues are expected to perform better than the wider industry. The consensus price target held steady at US$38.00, with the latest estimates not enough to have an impact on their price targets.
With that in mind, we wouldn't be too quick to come to a conclusion on Williams Companies. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Williams Companies going out to 2024, and you can see them free on our platform here..
You should always think about risks though. Case in point, we've spotted 2 warning signs for Williams Companies you should be aware of, and 1 of them is potentially serious.
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.
上周,你可能已经看到了威廉姆斯公司(纽约证券交易所代码:WMB)向市场发布了第二季度业绩。早期的反应并不积极,过去一周股价下跌2.0%,至32.86美元。营收与预期相符,为25亿美元,尽管法定每股收益低于分析师预期的12%,为每股0.33美元。在业绩公布后,分析师们更新了他们的收益模型,如果他们认为公司的前景发生了巨大变化,还是一切照旧,那将是一件好事。我们认为,读者会发现看到分析师对明年最新(法定)盈利后的预测会很有趣。
查看我们对威廉姆斯公司的最新分析
纽约证券交易所:WMB收益和收入增长2022年8月3日
考虑到最新的业绩,Williams Companies的十位分析师目前预计2022年的收入为107亿美元,与过去12个月大致一致。预计每股收益将增长19%,至1.53美元。在本报告发布之前,分析师一直在预测2022年的收入为107亿美元,每股收益(EPS)为1.55美元。因此,很明显,尽管分析师们更新了他们的估计,但在最新业绩公布后,对该业务的预期并没有发生重大变化。
收入或收益预期没有变化,目标股价也没有变化,表明该公司在最近的业绩中达到了预期。共识价格目标只是个别分析师目标的平均值,因此-看看基础估计的范围有多大可能很方便。对威廉姆斯公司有一些不同的看法,最乐观的分析师对其估值为41.00美元,最悲观的分析师估值为每股31.00美元。估值之间的狭窄差距可能表明,该公司的未来相对容易估值,或者分析师对其前景有很强的看法。
了解这些预测的更多背景信息的一种方法是,看看它们与过去的表现如何比较,以及同行业的其他公司的表现如何。这些预估意味着销售预计将放缓,预计到2022年底,年化收入将下降1.5%。这表明,与过去五年4.9%的年增长率相比,这一数字大幅下降。然而,分析师对该行业其他公司的综合估计显示,该行业的收入预计将以每年5.5%的速度下降。因此,很明显,威廉姆斯公司的收入预计将比整个行业的萎缩速度更慢。
底线
最重要的是,市场情绪没有发生重大变化,分析师们再次确认,该公司的表现与他们之前的每股收益预期一致。幸运的是,他们还再次确认了收入预期,表明销售额与预期相符。他们的估计还表明,威廉姆斯公司的营收预计将好于整个行业。共识价格目标持稳于38.00美元,最新估计不足以对他们的价格目标产生影响。
考虑到这一点,我们不会太快得出威廉姆斯公司的结论。长期盈利能力比明年的利润重要得多。在Simply Wall St.,我们有对威廉姆斯公司2024年之前的全方位分析师预测,你可以在我们的平台上免费看到。
不过,你应该始终考虑风险。举个例子,我们发现威廉姆斯公司的2个警告信号您应该意识到,其中1个可能是严重的。
对这篇文章有什么反馈吗?担心内容吗? 保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。