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Results: Constellation Energy Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

Results: Constellation Energy Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

結果:Constellation Energy Corporation超出預期,共識已更新其估計
Simply Wall St ·  05/12 20:14

Shareholders of Constellation Energy Corporation (NASDAQ:CEG) will be pleased this week, given that the stock price is up 10% to US$215 following its latest first-quarter results. Revenues of US$6.2b fell slightly short of expectations, but earnings were a definite bright spot, with statutory per-share profits of US$2.78 an impressive 81% ahead of estimates. 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.

Constellation Energy Corporation(納斯達克股票代碼:CEG)的股東本週將感到高興,因爲在公佈最新的第一季度業績後,股價上漲了10%,至215美元。62億美元的收入略低於預期,但收益無疑是一個亮點,法定每股利潤爲2.78美元,比預期高出81%,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。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。

earnings-and-revenue-growth
NasdaqGS:CEG Earnings and Revenue Growth May 12th 2024
納斯達克股票代碼:CEG 收益和收入增長 2024 年 5 月 12 日

Following last week's earnings report, Constellation Energy's seven analysts are forecasting 2024 revenues to be US$23.1b, approximately in line with the last 12 months. Statutory per share are forecast to be US$7.61, approximately in line with the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$19.8b and earnings per share (EPS) of US$7.61 in 2024. There's clearly been a surge in bullishness around the company's revenue pipeline, even if there's no real change in earnings per share forecasts.

繼上週的業績之後,Constellation Energy的七位分析師預測2024年的收入爲231億美元,與過去12個月大致持平。預計法定每股收益爲7.61美元,與過去12個月大致持平。在本報告發布之前,分析師一直在模擬2024年的收入爲198億美元,每股收益(EPS)爲7.61美元。儘管每股收益預測沒有實際變化,但圍繞該公司的收入渠道的看漲情緒顯然激增。

The analysts increased their price target 13% to US$207, perhaps signalling that higher revenues are a strong leading indicator for Constellation Energy's valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Constellation Energy analyst has a price target of US$242 per share, while the most pessimistic values it at US$116. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

分析師將目標股價上調了13%,至207美元,這可能表明更高的收入是Constellation Energy估值的有力領先指標。但是,固定單一價格目標可能是不明智的,因爲共識目標實際上是分析師目標股價的平均值。因此,一些投資者喜歡查看估計範圍,看看對公司的估值是否有任何分歧。最樂觀的Constellation Energy分析師將目標股價定爲每股242美元,而最悲觀的分析師則將其估值爲116美元。注意到分析師目標股價的巨大差距了嗎?對我們來說,這意味着基礎業務存在相當廣泛的可能情景。

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. We would highlight that revenue is expected to reverse, with a forecast 2.4% annualised decline to the end of 2024. That is a notable change from historical growth of 7.4% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 3.9% per year. It's pretty clear that Constellation Energy's revenues are expected to perform substantially worse than 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。我們要強調的是,收入預計將逆轉,預計到2024年底年化下降2.4%。與過去五年7.4%的歷史增長相比,這是一個顯著的變化。相比之下,我們的數據表明,預計同一行業的其他公司的收入每年將增長3.9%。很明顯,預計Constellation Energy的收入表現將大大低於整個行業。

The Bottom Line

底線

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, they also upgraded their revenue estimates, although our data indicates it is expected to perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

最明顯的結論是,該業務的前景最近沒有重大變化,分析師的收益預測保持穩定,與先前的估計一致。幸運的是,他們還上調了收入預期,儘管我們的數據表明其表現預計將比整個行業差。目標股價也大幅提高,分析師顯然認爲該業務的內在價值正在提高。

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Constellation Energy going out to 2026, and you can see them free on our platform here..

話雖如此,公司收益的長期軌跡比明年重要得多。在Simply Wall St,我們有分析師對到2026年的Constellation Energy的全方位估計,你可以在我們的平台上免費看到這些估計。

Before you take the next step you should know about the 2 warning signs for Constellation Energy that we have uncovered.

在你採取下一步行動之前,你應該了解我們發現的兩個星座能量警告信號。

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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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