Earnings Miss: Business First Bancshares, Inc. Missed EPS By 16% And Analysts Are Revising Their Forecasts
Earnings Miss: Business First Bancshares, Inc. Missed EPS By 16% And Analysts Are Revising Their Forecasts
As you might know, Business First Bancshares, Inc. (NASDAQ:BFST) last week released its latest first-quarter, and things did not turn out so great for shareholders. Business First Bancshares missed earnings this time around, with US$61m revenue coming in 2.2% below what the analysts had modelled. Statutory earnings per share (EPS) of US$0.48 also fell short of expectations by 16%. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
你可能知道，Business First Bancshares, Inc.（納斯達克股票代碼：BFST）上週發佈了最新的第一季度，但對股東來說，情況並不那麼好。Business First Bancshares這次未能實現收益，6,100萬美元的收入比分析師的模型低2.2％。0.48美元的法定每股收益（EPS）也比預期低16％。對於投資者來說，這是一個重要時刻，因爲他們可以在報告中追蹤公司的業績，看看專家對明年的預測，看看對該業務的預期是否有任何變化。因此，我們收集了最新的業績後法定共識估計，以了解明年可能會發生什麼。
After the latest results, the five analysts covering Business First Bancshares are now predicting revenues of US$265.0m in 2024. If met, this would reflect an okay 6.4% improvement in revenue compared to the last 12 months. Statutory earnings per share are forecast to plunge 34% to US$1.66 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$257.5m and earnings per share (EPS) of US$2.31 in 2024. While next year's revenue estimates increased, there was also a pretty serious reduction to EPS expectations, suggesting the consensus has a bit of a mixed view of these results.
最新業績公佈後，負責商業第一銀行股的五位分析師現在預測2024年的收入爲2.65億美元。如果得到滿足，這將反映出收入與過去12個月相比增長了6.4％。預計同期每股法定收益將下降34％，至1.66美元。然而，在最新業績公佈之前，分析師曾預計2024年的收入爲2.575億美元，每股收益（EPS）爲2.31美元。儘管明年的收入預期有所增加，但每股收益的預期也大幅下降，這表明共識對這些業績的看法好壞參半。
The consensus price target was unchanged at US$28.00, suggesting the business is performing roughly in line with expectations, despite some adjustments to profit and revenue forecasts. 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 Business First Bancshares, with the most bullish analyst valuing it at US$30.50 and the most bearish at US$26.00 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
共識目標股價保持不變，爲28.00美元，這表明儘管對利潤和收入預測進行了一些調整，但該業務的表現大致符合預期。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。對Business First Bancshares的看法有所不同，最看漲的分析師將其估值爲30.50美元，最看跌的爲每股26.00美元。儘管如此，由於估計範圍如此之窄，這表明分析師對他們認爲該公司的價值有了很好的了解。
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Business First Bancshares' past performance and to peers in the same industry. We would highlight that Business First Bancshares' revenue growth is expected to slow, with the forecast 8.6% annualised growth rate until the end of 2024 being well below the historical 24% 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 5.7% annually. So it's pretty clear that, while Business First Bancshares' revenue growth is expected to slow, it's still expected to grow faster than the industry itself.
這些估計很有趣，但是在查看預測與Business First Bancshares過去的表現以及與同一行業的同行進行比較時，可以更粗略地描述一些細節。我們要強調的是，Business First Bancshares的收入增長預計將放緩，預計到2024年底的8.6％的年化增長率將遠低於過去五年24％的歷史年增長率。相比之下，該行業中其他有分析師覆蓋的公司的收入預計將以每年5.7％的速度增長。因此，很明顯，儘管Business First Bancshares的收入增長預計將放緩，但預計其增長速度仍將超過該行業本身。
The Bottom Line
底線
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. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. The consensus price target held steady at US$28.00, with the latest estimates not enough to have an impact on their price targets.
要了解的最重要的一點是，分析師下調了每股收益的預期，這表明公佈這些業績後，市場情緒明顯下降。令人高興的是，他們還上調了收入預期，他們的預測表明，該業務的增長速度預計將快於整個行業。共識目標股價穩定在28.00美元，最新估計不足以對其目標價格產生影響。
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Business First Bancshares going out to 2025, and you can see them free on our platform here.
考慮到這一點，我們仍然認爲該業務的長期發展軌跡對於投資者來說更爲重要。我們預測到2025年將推出 “商業第一” 銀行股票，你可以在這裏在我們的平台上免費查看。
However, before you get too enthused, we've discovered 2 warning signs for Business First Bancshares that you should be aware of.
但是，在你變得過於熱情之前，我們已經發現了 Business First Bancshares 的兩個警告信號，你應該注意這些信號。
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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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