Earnings Report: StarPower Semiconductor Ltd. Missed Revenue Estimates By 8.5%
Earnings Report: StarPower Semiconductor Ltd. Missed Revenue Estimates By 8.5%
StarPower Semiconductor Ltd. (SHSE:603290) last week reported its latest third-quarter results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Revenues came in 8.5% below expectations, at CN¥881m. Statutory earnings per share were relatively better off, with a per-share profit of CN¥0.62 being roughly in line with analyst estimates. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
斯達半導(SHSE:603290)上週公佈了最新的第三季度業績報告,這對投資者來說是一個很好的時機,可以深入了解業務表現是否符合預期。營收低於預期8.5%,達到人民幣88100萬元。法定每股收益較好,每股盈利人民幣0.62,與分析師預期基本一致。對於投資者來說,現在是一個重要時機,他們可以通過報告跟蹤公司的表現,查看專家們對明年的預測,並了解業務預期是否有任何變化。因此,我們彙總了最新的盈後預測,看看估計表明明年會發生什麼。
Taking into account the latest results, the current consensus from StarPower Semiconductor's 15 analysts is for revenues of CN¥4.80b in 2025. This would reflect a substantial 39% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to leap 44% to CN¥4.06. In the lead-up to this report, the analysts had been modelling revenues of CN¥4.86b and earnings per share (EPS) of CN¥4.05 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
考慮到最新的結果,斯達半導15位分析師的當前共識是,2025年營收將達到人民幣48億。這將反映過去12個月營收大幅增長了39%。法定每股收益預計將激增44%,達到人民幣4.06。在此報告之前,分析師一直在建模2025年的營收爲人民幣48.6億,每股收益(EPS)爲人民幣4.05。因此,很明顯,儘管分析師已經更新了他們的估算,但在最新結果發佈後,業務預期並沒有發生重大變化。
There were no changes to revenue or earnings estimates or the price target of CN¥104, suggesting that the company has met expectations in its recent result. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic StarPower Semiconductor analyst has a price target of CN¥149 per share, while the most pessimistic values it at CN¥62.00. 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.
營收或盈利預測,以及人民幣104的目標價格均未發生變化,表明公司在最近的業績中符合了預期。查看分析師估算的範圍可能很有啓發性,以評估異常看法與平均看法之間有多大差異。最樂觀的斯達半導分析師目標股價爲人民幣149,而最悲觀者將其定爲人民幣62.00。注意到分析師目標股價之間存在較大差距?這對我們意味着該公司的潛在業務可能有相當廣泛的情景。
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. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 30% growth on an annualised basis. That is in line with its 34% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 23% annually. So it's pretty clear that StarPower Semiconductor is forecast to grow substantially faster than its industry.
另一種我們可以看待這些估算的方式就是放在更大的背景下,比如與過去業績的比較,以及預測是否相對於行業中其他公司更爲看好。到2025年底,根據分析師的說法將延續這種情況,預計收入將以每年30%的速度增長。這與過去五年年均增長34%的表現一致。將這一點與更廣泛的行業進行比較,分析師的估算(總體上)表明行業預計將以每年23%的速度增長。因此很明顯,斯達半導預計會比同行業增長更快。
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, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at CN¥104, with the latest estimates not enough to have an impact on their price targets.
最重要的是,我們可以得出的結論是,市場情緒沒有發生重大變化,分析師重申業務表現與他們先前的每股收益估算相符。幸運的是,他們還確認了營業收入數字,表明其與預期保持一致。此外,我們的數據顯示,預計營業收入增速將快於整個行業。共識價格目標保持在104元人民幣不變,最新的估算並不足以對價格目標產生影響。
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for StarPower Semiconductor going out to 2026, and you can see them free on our platform here.
話雖如此,公司盈利的長期軌跡比明年更爲重要。我們對斯達半導到2026年的預測已經出來了,您可以在我們的平台上免費查看。
That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with StarPower Semiconductor (at least 1 which is significant) , and understanding these should be part of your investment process.
儘管如此,考慮到投資風險的不斷存在是必要的。我們已經確定了斯達半導的2個警示信號(至少有1個是重要的),了解這些應該是您投資過程的一部分。
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