Broadcom Inc. Just Recorded A 11% EPS Beat: Here's What Analysts Are Forecasting Next
Broadcom Inc. Just Recorded A 11% EPS Beat: Here's What Analysts Are Forecasting Next
Broadcom Inc. (NASDAQ:AVGO) just released its second-quarter report and things are looking bullish. Broadcom beat earnings, with revenues hitting US$12b, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 11%. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Broadcom股份有限公司（NASDAQ:AVGO）剛剛發佈了第二季度報告，市場看好。Broadcom超額完成了盈利預期，營業收入達到了120億美元，並略微超過了分析師預計的標準收益每股11％。根據這項結果，分析師已經更新了他們的收益模型，知道他們是否認爲公司前景有顯著變化，或者是否只是常規業務。因此，我們收集了最新發布的盈利預測，看看下一年可能會發生什麼。
Taking into account the latest results, the current consensus from Broadcom's 37 analysts is for revenues of US$51.4b in 2024. This would reflect a huge 21% increase on its revenue over the past 12 months. Statutory earnings per share are expected to drop 11% to US$19.56 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$50.3b and earnings per share (EPS) of US$19.15 in 2024. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings.
考慮到最新結果，Broadcom的37位分析師目前達成的共識是，2024年營業額將達到514億美元，這將反映出其在過去12個月內營業收入的巨大增長21％。按法定收益每股計算，預計在同期下降11％至19.56美元。在這份盈利報告之前，分析師預測2024年的營業收入爲503億美元，每股收益（EPS）爲19.15美元。似乎最新結果後情緒略有提高，分析師變得更加樂觀，預測營收和收益均有所增長。
With these upgrades, we're not surprised to see that the analysts have lifted their price target 17% to US$1,790per share. 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 Broadcom analyst has a price target of US$2,100 per share, while the most pessimistic values it at US$1,051. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Broadcom shareholders.
考慮到這些升級，我們不難看出分析師將目標價格上調了17％，至每股1790美元。共識價格目標僅是單個分析師的平均目標，因此應該看到基本估算範圍的廣泛程度。最樂觀的Broadcom分析師的目標價爲每股2100美元，而最悲觀的則爲每股1051美元。分析師確實對該業務有不同看法，但我們認爲估價差別不大，因此絕大多數Broadcom股東不必擔心出現極端利潤。
Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Broadcom's growth to accelerate, with the forecast 45% annualised growth to the end of 2024 ranking favourably alongside historical growth of 13% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 18% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Broadcom to grow faster than the wider industry.
當然，觀察這些預測的另一種方式是將它們放入行業背景中進行比較。分析師明確預計Broadcom的增長將加速，預計到2024年的年增長率爲45％，這比過去五年平均13％的歷史增長率更爲有利。將其與同行業中的其他公司進行比較，預計其年增長率爲18％。顯然，儘管增長前景比過去更加樂觀，但分析師也預計Broadcom的增長速度將超過整個行業。
The Bottom Line
最重要的事情是分析師增加了它對下一年每股虧損的估計。令人欣慰的是，營收預測未發生重大變化，業務仍有望比整個行業增長更快。共識價格目標穩定在28.50美元，最新估計不足以對價格目標產生影響。
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Broadcom's earnings potential next year. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster 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.
對我們來說，最重要的是共識收益每股預測上升，這表明市場對Broadcom明年的盈利前景有了明顯的改善。令人高興的是，他們還提高了其營收預估，並預測其增長速度將超過整個行業。股價的目標價格也有所上漲，分析師顯然認爲該公司內在價值正在提高。
With that in mind, we wouldn't be too quick to come to a conclusion on Broadcom. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Broadcom analysts - going out to 2026, and you can see them free on our platform here.
因此，在考慮Broadcom時我們不應該太急。長期盈利能力比明年的利潤更爲重要。我們有來自多位Broadcom分析師的預測，可以在此處免費查看。
And what about risks? Every company has them, and we've spotted 4 warning signs for Broadcom you should know about.
那麼風險呢？每個公司都有風險，我們已發現Broadcom的4個警告信號，您應該知道。
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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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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
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譯文內容由第三人軟體翻譯。