Jiangsu Phoenix Publishing & Media Corporation Limited Recorded A 7.0% Miss On Revenue: Analysts Are Revisiting Their Models
Jiangsu Phoenix Publishing & Media Corporation Limited Recorded A 7.0% Miss On Revenue: Analysts Are Revisiting Their Models
Last week, you might have seen that Jiangsu Phoenix Publishing & Media Corporation Limited (SHSE:601928) released its quarterly result to the market. The early response was not positive, with shares down 6.6% to CN¥10.15 in the past week. Results look mixed - while revenue fell marginally short of analyst estimates at CN¥2.3b, statutory earnings were in line with expectations, at CN¥1.16 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
上週,您可能已經看到江蘇鳳凰出版傳媒股份有限公司(SHSE:601928)向市場發佈了季度業績。初期反應不太積極,股價在過去一週下跌了6.6%,跌至10.15元。結果看起來比較平淡-營業收入略低於分析師預期的23億,公司法定盈利與預期一致,每股1.16元。分析師通常會在每一次業績後更新他們的預測,我們可以從他們的估算中判斷,他們對該公司的看法是否有變化,或是否存在需要注意的新問題。我們認爲讀者可能會發現有趣的是看到分析師對明年最新(法定)業績後的預測。
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Taking into account the latest results, the most recent consensus for Jiangsu Phoenix Publishing & Media from four analysts is for revenues of CN¥14.7b in 2025. If met, it would imply a decent 8.4% increase on its revenue over the past 12 months. Statutory earnings per share are expected to plunge 23% to CN¥0.77 in the same period. Before this earnings report, the analysts had been forecasting revenues of CN¥14.8b and earnings per share (EPS) of CN¥0.94 in 2025. So there's definitely been a decline in sentiment after the latest results, noting the substantial drop in new EPS forecasts.
考慮到最新的結果,四名分析師對江蘇鳳凰出版傳媒2025年營收的最新共識爲147億人民幣。如果實現,將意味着過去12個月其營業收入將增長8.4%。法定每股盈利預計在同一期間暴跌23%,降至0.77元。在這份盈利報告之前,分析師們此前一直在預測2025年的營收爲148億元,每股盈利爲0.94元。因此,在最新結果之後,情緒明顯有所下滑,注意到新的每股盈利預測大幅下降。
The consensus price target held steady at CN¥13.41, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. 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 Jiangsu Phoenix Publishing & Media analyst has a price target of CN¥14.60 per share, while the most pessimistic values it at CN¥12.00. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
共識價格目標保持在13.41元,分析師們似乎認爲他們對更低的預期盈利不會導致未來股價下滑。看看分析師預測的範圍可能也是有啓發意義的,以評估離群意見與平均值有多大差異。江蘇鳳凰出版傳媒內最樂觀的分析師目標價格爲每股14.60元,而最悲觀的則爲每股12.00元。儘管如此,由於預測範圍如此狹窄,這表明分析師對於他們認爲該公司的價值有相當清晰的想法。
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 Jiangsu Phoenix Publishing & Media's growth to accelerate, with the forecast 6.7% annualised growth to the end of 2025 ranking favourably alongside historical growth of 2.8% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 11% annually. So it's clear that despite the acceleration in growth, Jiangsu Phoenix Publishing & Media is expected to grow meaningfully slower than the industry average.
現在放眼更大的圖景,我們了解這些預測的一種方法是看它們與過去表現和行業增長預期的對比。分析師們明顯期待江蘇鳳凰出版傳媒的增長加速,預測到2025年底年化增長率爲6.7%,排名高於過去五年平均每年2.8%的歷史增長。將其與同行業其他公司相比,其他公司預計每年收入增長11%。因此,儘管增長加速,江蘇鳳凰出版傳媒預計增長速度仍然低於行業平均水平。
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 concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Jiangsu Phoenix Publishing & Media. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Jiangsu Phoenix Publishing & Media's revenue is expected to perform worse than the wider industry. The consensus price target held steady at CN¥13.41, with the latest estimates not enough to have an impact on their price targets.
最大的擔憂在於分析師們調低了每股收益預期,表明江蘇鳳凰出版傳媒可能面臨業務挑戰。幸運的是,分析師們也重新確認了他們的營業收入預期,表明與預期保持一致。儘管我們的數據顯示江蘇鳳凰出版傳媒的營業收入預計表現將不如整個行業。一致的價格目標保持在人民幣13.41元,最新的預估對他們的價格目標沒有足夠的影響。
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Jiangsu Phoenix Publishing & Media going out to 2026, and you can see them free on our platform here..
牢記這一點,我們仍然認爲業務的長期軌跡對投資者來說更爲重要。在Simply Wall St,我們擁有截至2026年的江蘇鳳凰出版傳媒的分析師估值全範圍,您可以免費在我們的平台上查看。
That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Jiangsu Phoenix Publishing & Media (at least 1 which can't be ignored) , and understanding these should be part of your investment process.
儘管如此,考慮投資風險的不斷存在仍然是必要的。我們已經確定了江蘇鳳凰出版傳媒的2個警示信號(至少有1個不能被忽視),了解這些信號應該是您投資過程的一部分。
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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.
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。
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