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Guangdong Huate Gas Co., Ltd Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Guangdong Huate Gas Co., Ltd Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

华特气体收益低于分析师的预期:以下是分析师现在的预测
Simply Wall St ·  2024/11/01 08:16

Guangdong Huate Gas Co., Ltd (SHSE:688268) just released its latest quarterly report and things are not looking great. The analysts look to have been far too optimistic in the lead-up to these results, with revenues of (CN¥341m) coming in 35% below what they had expected. Statutory earnings per share of CN¥0.31 fell 44% short. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

广东华特气体股份有限公司(SHSE:688268)刚刚发布了最新的季度报告,情况不容乐观。分析师们在这次业绩公布前似乎过于乐观,营业收入为3.41亿元人民币,较他们预期的低了35%。每股收益为0.31元人民币,比预期低了44%。这对投资者是一个重要的时刻,他们可以通过报告跟踪一家公司的表现,查看专家对明年的预测,并了解业务预期是否有任何变化。我们已经收集了最新的官方预测,看看分析师们是否在这些结果之后修改了他们的盈利模型。

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SHSE:688268 Earnings and Revenue Growth November 1st 2024
SHSE:688268 2024年11月1日盈利和营业收入增长

Taking into account the latest results, the consensus forecast from Guangdong Huate Gas' six analysts is for revenues of CN¥2.27b in 2025. This reflects a substantial 59% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to soar 71% to CN¥2.60. In the lead-up to this report, the analysts had been modelling revenues of CN¥2.34b and earnings per share (EPS) of CN¥2.64 in 2025. So it looks like the analysts have become a bit less optimistic after the latest results announcement, with revenues expected to fall even as the company is supposed to maintain EPS.

考虑到最新的结果,广东华特气体的六位分析师达成的共识预测是,2025年营业收入将达到22.7亿元人民币。这相较于过去12个月,营收将大幅提高59%。每股收益预计将飙升71%,达到2.60元人民币。在此报告之前,分析师们曾模拟2025年的营收为23.4亿元人民币,每股收益(EPS)为2.64元人民币。因此,看起来分析师在最新发布的业绩公告后变得稍微不那么乐观,预计营收将下降,尽管公司应该保持每股收益。

The consensus has reconfirmed its price target of CN¥58.53, showing that the analysts don't expect weaker revenue expectations next year to have a material impact on Guangdong Huate Gas' market value. 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 Guangdong Huate Gas analyst has a price target of CN¥68.00 per share, while the most pessimistic values it at CN¥54.00. This is a very narrow spread of estimates, implying either that Guangdong Huate Gas is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

共识已重申其58.53元人民币的目标价,表明分析师们不认为明年的营收预期下调会对广东华特气体的市值产生实质影响。共识目标价只是各个分析师目标价的平均值,因此,查看潜在估值范围有多广可能会有所帮助。最乐观的分析师预测广东华特气体的每股目标价为68.00元人民币,而最悲观的目标价为54.00元人民币。这是一个非常狭窄的估算范围,表明广东华特气体可能是一家容易估值的公司,或者更可能的是,分析师们在相当依赖某些关键假设。

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 analysts are definitely expecting Guangdong Huate Gas' growth to accelerate, with the forecast 45% annualised growth to the end of 2025 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 16% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Guangdong Huate Gas to grow faster than the wider industry.

我们可以将这些预测放在更广阔的背景中来看,比如预测与过去绩效的对比,以及预测相对于行业其他公司的看法。分析师们肯定预计广东华特气体的增长会加速,预测至2025年底的年增长率达45%,与过去五年中每年13%的历史增长相比可圈可点。再与同行业其他公司相比较,预计其年收入增长率为16%。很明显,尽管增长前景比最近的状况更为乐观,分析师们也预计广东华特气体的增速将快于整个行业。

The Bottom Line

最重要的事情是分析师增加了它对下一年每股亏损的估计。令人欣慰的是,营收预测未发生重大变化,业务仍有望比整个行业增长更快。共识价格目标稳定在28.50美元,最新估计不足以对价格目标产生影响。

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. They also downgraded Guangdong Huate Gas' revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. Still, earnings 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.

最重要的一点是,情绪并没有发生重大变化,分析师重新确认公司的表现与他们之前的每股收益预测一致。他们还调降了广东华特气体的营业收入预测,但行业数据显示预期增速将快于整个行业。尽管如此,收益对于公司的内在价值更为重要。共识价值目标没有发生真正变化,表明公司的内在价值在最新预测中并未发生重大变化。

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Guangdong Huate Gas analysts - going out to 2026, and you can see them free on our platform here.

继续思考这一想法,我们认为业务的长期前景比明年的收益更为重要。我们有来自多位广东华特气体分析师的预测,延伸至2026年,您可以在我们的平台上免费查看。

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Guangdong Huate Gas that you should be aware of.

不要忘记仍可能存在风险。例如,我们发现了广东华特气体的2个警示信号,您应该注意。

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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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