Bitcoin Depot Inc. (NASDAQ:BTM) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
Bitcoin Depot Inc. (NASDAQ:BTM) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
Investors in Bitcoin Depot Inc. (NASDAQ:BTM) had a good week, as its shares rose 8.4% to close at US$1.67 following the release of its quarterly results. The results were positive, with revenue coming in at US$163m, beating analyst expectations by 9.6%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
比特幣倉庫公司(納斯達克股票代碼:BTM)投資者度過了美好的一週,其股價上漲8.4%,報價爲1.67美元,緊隨季度業績發佈後。業績表現出色,營業收入達到了1.63億美元,超出分析師預期9.6%。季度業績公佈對於投資人而言是非常重要的時期,因爲他們可以跟蹤公司的業績,了解分析師對公司未來一年的預期,並觀察市場情緒是否有所改變。我們收集了最近的預測數據,以了解業績發佈後分析師們是否對公司的盈利模型進行了調整。
![big](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240816/0-dbfd8d60d3e960ecb118449082c515df-0-6e60a32479309aed2f32b8d35148ff19.png/big)
Taking into account the latest results, the four analysts covering Bitcoin Depot provided consensus estimates of US$577.4m revenue in 2024, which would reflect a not inconsiderable 8.3% decline over the past 12 months. Statutory losses are forecast to balloon 93% to US$0.092 per share. Before this earnings report, the analysts had been forecasting revenues of US$612.3m and earnings per share (EPS) of US$0.04 in 2024. There looks to have been a significant drop in sentiment regarding Bitcoin Depot's prospects after these latest results, with a small dip in revenues and the analysts now forecasting a loss instead of a profit.
綜合考慮最新業績,覆蓋比特幣倉庫的四位分析師預計2024年的營業收入爲 5,774萬美元,這將反映過去12個月內的8.3%的不可忽視的下滑。預計法定虧損將增加93%,達到每股0.092美元。在本次業績報告前,分析師們曾預測2024年收入爲6,123萬美元,每股收益爲0.04美元。最新業績發佈後,比特幣倉庫的前景似乎出現了明顯的下滑,營收略有下降,分析師們現在預測虧損而不是盈利。
The average price target was broadly unchanged at US$4.44, perhaps implicitly signalling that the weaker earnings outlook is not expected to have a long-term impact on the 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. Currently, the most bullish analyst values Bitcoin Depot at US$7.00 per share, while the most bearish prices it at US$3.25. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
平均目標價基本不變,爲4.44美元,可能是隱含着盈利能力不佳對估值的長期影響是不被預期的。然而,過於關注單一目標價可能會不明智,因爲共識目標實際上是分析師目標的平均值。因此,一些投資人會喜歡查看估價範圍,以了解分析師對公司估值是否存在分歧。目前,最看好的分析師認爲比特幣倉庫每股價值爲7.00美元,而最看淡的給出的是3.25美元。這是一個相當廣泛的估價範圍,表明分析師對公司可能的未來業績存在着廣泛的不確定性。
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. One more thing stood out to us about these estimates, and it's the idea that Bitcoin Depot's decline is expected to accelerate, with revenues forecast to fall at an annualised rate of 16% to the end of 2024. This tops off a historical decline of 8.2% a year over the past year. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 6.7% per year. So while a broad number of companies are forecast to grow, unfortunately Bitcoin Depot is expected to see its revenue affected worse than other companies in the industry.
另一種看待這些預測的方式是將其放在更大的背景下,比如將其與過去的業績進行比較,或將其與同行業中其他公司相比。我們注意到這些預測的一點:比特幣倉庫的下滑趨勢在加速,預計營收每年將以16%的年化速度下降到2024年底。這是過去一年每年下降8.2%的歷史性下降。相比之下,我們的數據顯示,同行業中其他(有分析師覆蓋的)公司預計營收將每年增長6.7%。因此,雖然預計會有許多企業增長,但不幸的是,比特幣倉庫的業績預計將比其他行業公司更受影響。
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 low-light for us was that the forecasts for Bitcoin Depot dropped from profits to a loss next year. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. 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.
對於我們而言最令人失望的是,比特幣倉庫的預測從盈利變成了明年的虧損。不幸的是,他們還下調了營收預測,而我們的數據表明,與整個行業相比,公司表現的較差。即便如此,每股收益對公司內在價值來說才更重要。共識價格目標沒有發生實質性的變化,這意味着這些新預測並沒有對公司內在價值產生重大變化。
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Bitcoin Depot analysts - going out to 2025, and you can see them free on our platform here.
話雖如此,公司中長期的盈利軌跡比明年更爲重要。我們使用了多位比特幣倉庫分析師提供的預測數據,將這些數據延展到2025年,你可以在我們的平台上免費查看這些預測數據。
Even so, be aware that Bitcoin Depot is showing 5 warning signs in our investment analysis , you should know about...
即便如此,請注意,在我們的投資分析中,比特幣倉庫顯示出了5個警示信號,你需要了解…
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
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。
譯文內容由第三人軟體翻譯。