Hisense Home Appliances Group Co., Ltd. Just Recorded A 29% EPS Beat: Here's What Analysts Are Forecasting Next
Hisense Home Appliances Group Co., Ltd. Just Recorded A 29% EPS Beat: Here's What Analysts Are Forecasting Next
A week ago, Hisense Home Appliances Group Co., Ltd. (SZSE:000921) came out with a strong set of quarterly numbers that could potentially lead to a re-rate of the stock. It was overall a positive result, with revenues beating expectations by 5.7% to hit CN¥23b. Hisense Home Appliances Group also reported a statutory profit of CN¥0.72, which was an impressive 29% above what the analysts had forecast. 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 Hisense Home Appliances Group after the latest results.
一週前，海信家電集團有限公司（SZSE: 000921）公佈了一系列強勁的季度數據，這可能會導致該股的重新評級。總體而言，這是一個積極的結果，收入比預期高出5.7％，達到230億元人民幣。海信家用電器集團還公佈了0.72元人民幣的法定利潤，比分析師的預測高出29％，令人印象深刻。根據結果，分析師更新了他們的盈利模式，很高興知道他們是否認爲公司的前景發生了巨大變化，或者業務是否照舊。讀者會很高興得知我們已經彙總了最新的法定預測，以了解分析師在最新業績公佈後是否改變了對海信家電集團的看法。
Following the latest results, Hisense Home Appliances Group's eleven analysts are now forecasting revenues of CN¥96.2b in 2024. This would be a satisfactory 7.2% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to increase 8.9% to CN¥2.56. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥94.4b and earnings per share (EPS) of CN¥2.38 in 2024. So the consensus seems to have become somewhat more optimistic on Hisense Home Appliances Group's earnings potential following these results.
根據最新業績，海信家電集團的11位分析師現在預測2024年的收入爲962億元人民幣。與過去12個月相比，這將使收入令人滿意地增長7.2％。預計每股法定收益將增長8.9％，至2.56元人民幣。然而，在最新業績公佈之前，分析師曾預計2024年的收入爲944億元人民幣，每股收益（EPS）爲2.38元人民幣。因此，在這些業績公佈後，人們對海信家電集團的盈利潛力的共識似乎變得更加樂觀了。
There's been no major changes to the consensus price target of CN¥35.53, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. 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. Currently, the most bullish analyst values Hisense Home Appliances Group at CN¥40.00 per share, while the most bearish prices it at CN¥31.00. This is a very narrow spread of estimates, implying either that Hisense Home Appliances Group is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
35.53元人民幣的共識目標股價沒有重大變化，這表明每股收益前景的改善不足以對股票估值產生長期的積極影響。共識目標股價只是個別分析師目標的平均值，因此——可以很方便地看到基礎估計值的範圍有多廣。目前，最看漲的分析師對海信家電集團的估值爲每股40.00元人民幣，而最看跌的分析師估值爲31.00元人民幣。這與估計值的差距非常小，這意味着海信家用電器集團是一家易於估值的公司，或者（更有可能）分析師嚴重依賴一些關鍵假設。
Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Hisense Home Appliances Group's revenue growth is expected to slow, with the forecast 9.8% annualised growth rate until the end of 2024 being well below the historical 20% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 9.7% annually. Factoring in the forecast slowdown in growth, it looks like Hisense Home Appliances Group is forecast to grow at about the same rate as the wider industry.
當然，看待這些預測的另一種方法是將它們與行業本身聯繫起來。我們要強調的是，海信家用電器集團的收入增長預計將放緩，預計到2024年底的年化增長率爲9.8％，遠低於過去五年20％的歷史年增長率。將其與業內其他有分析師報道的公司並列，預計這些公司的收入（總計）每年將增長9.7％。考慮到預計的增長放緩，預計海信家用電器集團的增長速度將與整個行業大致相同。
The Bottom Line
底線
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Hisense Home Appliances Group's earnings potential next year. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall 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.
對我們來說，最大的收穫是共識的每股收益上調，這表明人們對海信家電集團明年盈利潛力的看法明顯改善。令人高興的是，收入預測沒有實際變化，預計該業務仍將與整個行業保持一致。共識目標股價沒有實際變化，這表明根據最新估計，該業務的內在價值沒有發生任何重大變化。
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Hisense Home Appliances Group analysts - going out to 2026, and you can see them free on our platform here.
根據這種思路，我們認爲該業務的長期前景比明年的收益重要得多。海信家用電器集團的多位分析師估計，到2026年，你可以在我們的平台上免費查看。
You should always think about risks though. Case in point, we've spotted 1 warning sign for Hisense Home Appliances Group you should be aware of.
但是，你應該時刻考慮風險。舉個例子，我們發現了海信家用電器集團的一個警告信號，你應該注意。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
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