Sealed Air Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Sealed Air Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
A week ago, Sealed Air Corporation (NYSE:SEE) came out with a strong set of first-quarter numbers that could potentially lead to a re-rate of the stock. It was overall a positive result, with revenues beating expectations by 3.8% to hit US$1.3b. Sealed Air reported statutory earnings per share (EPS) US$0.57, which was a notable 16% 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
一週前，Sealed Air Corporation（紐約證券交易所代碼：SEE）公佈了一系列強勁的第一季度數據，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3.8％，達到13億美元。Sealed Air公佈的法定每股收益（EPS）爲0.57美元，比分析師的預測高出16％。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。考慮到這一點，我們收集了最新的法定預測，以了解分析師對明年的預期。
Following last week's earnings report, Sealed Air's 14 analysts are forecasting 2024 revenues to be US$5.38b, approximately in line with the last 12 months. Per-share earnings are expected to rise 7.9% to US$2.67. Before this earnings report, the analysts had been forecasting revenues of US$5.39b and earnings per share (EPS) of US$2.76 in 2024. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a small dip in their earnings per share forecasts.
繼上週的業績之後，Sealed Air的14位分析師預測2024年的收入爲53.8億美元，與過去12個月大致持平。每股收益預計將增長7.9％，至2.67美元。在本業績發佈之前，分析師一直預測2024年的收入爲53.9億美元，每股收益（EPS）爲2.76美元。因此，在最近的業績公佈之後，整體情緒似乎略有下降——收入估計沒有重大變化，但分析師的每股收益預測確實略有下降。
It might be a surprise to learn that the consensus price target was broadly unchanged at US$43.33, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on 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. The most optimistic Sealed Air analyst has a price target of US$54.00 per share, while the most pessimistic values it at US$33.00. 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.
得知共識目標股價基本保持不變，爲43.33美元，這可能會令人驚訝，分析師明確表示，預期的收益下降預計不會對估值產生太大影響。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。最樂觀的Sealed Air分析師將目標股價定爲每股54.00美元，而最悲觀的分析師則將其估值爲33.00美元。對該股肯定有一些不同的看法，但在我們看來，估計範圍還不夠廣，不足以暗示情況不可預測。
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 2.2% by the end of 2024. This indicates a significant reduction from annual growth of 4.2% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 2.9% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Sealed Air is expected to lag the wider industry.
從現在的大局來看，我們可以理解這些預測的方法之一是看看它們如何與過去的業績和行業增長預期相比較。這些估計表明，收入預計將放緩，預計到2024年底年化下降2.2％。這表明與過去五年4.2％的年增長率相比大幅下降。相比之下，我們的數據表明，在可預見的將來，預計同一行業的其他公司（有分析師報道）的收入每年將增長2.9％。因此，儘管預計其收入將萎縮，但這種雲並沒有帶來一線希望——預計Sealed Air將落後於整個行業。
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. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider 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.
要記住的最重要的一點是，分析師下調了每股收益的預期，這表明業績公佈後，市場情緒明顯下降。從好的方面來看，收入估計沒有重大變化；儘管預測表明收入的表現將比整個行業差。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。
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Sealed Air going out to 2026, 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。在Simply Wall St，我們有分析師對到2026年的Sealed Air的全方位估計，你可以在我們的平台上免費看到這些估計。
You still need to take note of risks, for example - Sealed Air has 2 warning signs (and 1 which is a bit concerning) we think you should know about.
你仍然需要注意風險，例如，Sealed Air有2個警告標誌（還有一個有點令人擔憂），我們認爲你應該知道。
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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.
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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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