Goldwind Science&Technology Co., Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
Goldwind Science&Technology Co., Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
Last week saw the newest quarterly earnings release from Goldwind Science&Technology Co., Ltd. (SZSE:002202), an important milestone in the company's journey to build a stronger business. Revenue came in at CN¥16b, beating expectations by a remarkable 36%, while statutory earnings per share (EPS) were CN¥0.091, missing estimates by an equally remarkable 34%. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
上週,金風科技股份有限公司(SZSE:002202)發佈了最新的季度業績,這是公司構建更強大業務的重要里程碑。營業收入達到人民幣160億,超出預期36%,而每股收益爲人民幣0.091,低於預期34%。針對這一結果,分析師們已更新了其盈利模型,了解是否他們認爲公司前景發生了重大變化,或者一切如常將會很有趣。我們認爲讀者會有興趣看到分析師對明年最新(法定)業績後的預測。
Taking into account the latest results, the consensus forecast from Goldwind Science&Technology's twelve analysts is for revenues of CN¥65.3b in 2025. This reflects a decent 15% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to jump 72% to CN¥0.72. In the lead-up to this report, the analysts had been modelling revenues of CN¥64.5b and earnings per share (EPS) of CN¥0.72 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
考慮到最新結果,金風科技的十二位分析師一致預測2025年營收將達到人民幣653億。這反映了與過去12個月相比,營收有着可觀的15%增長。法定每股收益預計將增長72%,達到人民幣0.72。在這份報告發布前,分析師們一直在模擬2025年的營收爲人民幣645億,每股收益爲人民幣0.72。一致意見的分析師似乎沒有看到這些結果中有任何能改變他們對業務的看法的因素,因爲他們的預測沒有發生重大變化。
With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 13% to CN¥10.91. It looks as though they previously had some doubts over whether the business would live up to their expectations. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Goldwind Science&Technology, with the most bullish analyst valuing it at CN¥14.20 and the most bearish at CN¥7.75 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
隨着分析師們重申了其收入和盈利預測,令人驚訝的是目標價上漲了13%,達到人民幣10.91。看起來他們之前對業務能否達到預期存在一些疑慮。然而,還有另一種方式來看待目標價,那就是查看分析師提出的目標價範圍,因爲廣泛的估值範圍可能意味着對業務可能結果的看法有所分歧。對於金風科技,分析師們存在一些不同的看法,其中最看好的分析師認爲每股價值爲人民幣14.20,而最看淡的則爲人民幣7.75。這表明估值存在一定的多樣性,但分析師們似乎並未完全對股票意見分歧,就像可能是一個成功或失敗的局面。
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The analysts are definitely expecting Goldwind Science&Technology's growth to accelerate, with the forecast 11% annualised growth to the end of 2025 ranking favourably alongside historical growth of 3.9% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 17% per year. It seems obvious that, while the future growth outlook is brighter than the recent past, Goldwind Science&Technology is expected to grow slower than the wider industry.
從更大的角度來看,我們理解這些預測的一種方式是將其與過去的業績和行業增長預期進行比較。分析師們明顯希望金風科技的增長加速,到2025年底的預測11%的年增長率在過去五年的3.9%的歷史增長率旁邊得到有利排名。相比之下,我們的數據顯示,預計在類似行業中受到分析師關注的其他公司每年將以17%的速度增長其營業收入。 顯然,雖然未來增長前景較近期更明亮,但金風科技的增速預期將低於更廣泛的行業。
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 most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Goldwind Science&Technology's revenue is expected to perform worse than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.
最重要的是,市場情緒沒有發生重大變化,分析師們重申業務表現與他們先前的每股收益預估一致。幸運的是,分析師也重申了他們的營收估算,表明它與預期保持一致。 儘管我們的數據顯示,金風科技的營收預計表現將不及更廣泛的行業。我們注意到目標價的升級,這表明分析師認爲企業的內在價值可能會隨時間而改善。
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Goldwind Science&Technology going out to 2026, and you can see them free on our platform here.
話雖如此,公司未來盈利的長期軌跡比明年更爲重要。我們已經對金風科技的2026年預測,您可以在我們的平台上免費查看。
Even so, be aware that Goldwind Science&Technology is showing 2 warning signs in our investment analysis , and 1 of those shouldn't be ignored...
即便如此,請注意,金風科技在我們的投資分析中出現了2個警示信號,其中一個不容忽視...
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