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California Resources Corporation Just Recorded A 161% EPS Beat: Here's What Analysts Are Forecasting Next

California Resources Corporation Just Recorded A 161% EPS Beat: Here's What Analysts Are Forecasting Next

加州資源公司剛剛錄得了161%的每股收益超額: 這是分析師接下來的預測
Simply Wall St ·  11/09 22:52

California Resources Corporation (NYSE:CRC) just released its third-quarter report and things are looking bullish. Statutory earnings performance was extremely strong, with revenue of US$1.4b beating expectations by 37% and earnings per share (EPS) of US$3.78, an impressive 161%ahead of expectations. 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.

加州資源公司(NYSE:CRC)剛剛發佈了第三季度報告,情況看好。法定收益表現非常強勁,營業收入達到14億美元,比預期高出37%,每股收益(EPS)爲3.78美元,比預期高出161%。對投資者來說,這是一個重要的時刻,他們可以通過報告跟蹤公司的表現,查看專家對明年的預測,並看看業務預期是否發生了任何變化。因此,我們收集了最新的盈後預測,看看估計表明明年會發生什麼。

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NYSE:CRC Earnings and Revenue Growth November 9th 2024
紐交所:CRC2024年11月9日收益和營收增長

After the latest results, the seven analysts covering California Resources are now predicting revenues of US$3.44b in 2025. If met, this would reflect a major 33% improvement in revenue compared to the last 12 months. Statutory earnings per share are forecast to nosedive 30% to US$4.06 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$3.39b and earnings per share (EPS) of US$4.61 in 2025. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a real cut to EPS estimates.

在最新的結果公佈後,現有七位分析師對加州資源的預測顯示,2025年營收將達到34.4億美元。如果實現,這將反映出與過去12個月相比,營收大幅提高33%。法定每股收益預計在同一時期將下跌30%,降至4.06美元。在此業績之前,分析師們曾預測2025年的營收爲33.9億美元,每股收益(EPS)爲4.61美元。分析師們似乎在最新公佈的結果後變得更加看淡。儘管營收預測未發生變化,但對EPS的預期卻有實質性的下調。

It might be a surprise to learn that the consensus price target was broadly unchanged at US$65.30, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on 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. The most optimistic California Resources analyst has a price target of US$73.00 per share, while the most pessimistic values it at US$57.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting California Resources is an easy business to forecast or the the analysts are all using similar assumptions.

或許令人驚訝的是,共識價格目標基本保持不變,爲65.30美元,分析師明顯暗示收益預期下降不會對估值產生太大影響。然而,專注於單一價格目標可能不明智,因爲共識目標實際上是分析師價格目標的平均值。因此,一些投資者喜歡查看估計的範圍,看看是否有關於公司估值的不同意見。最樂觀的加州資源分析師將股票的價格目標定爲73.00美元,而最悲觀的將其定爲57.00美元。儘管如此,由於估計值的相對近似,看起來分析師對其估值非常有信心,這表明加州資源很容易預測或者分析師們都在使用類似的假設。

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting California Resources' growth to accelerate, with the forecast 26% annualised growth to the end of 2025 ranking favourably alongside historical growth of 5.2% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 3.1% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that California Resources is expected to grow much faster than its industry.

現在看問題的更廣闊畫面,我們可以通過將這些預測與過去的業績和行業增長預期進行比較來理解它們。分析師們明顯期待着加州資源的增長加速,2025年底的預測增長率爲26%,與過去五年年均增長5.2%的歷史增長形成有利比較。將這一增速與同行業其他公司的預計年均3.1%營收增長進行比較。考慮到營收預測的加速增長,很明顯,加州資源預計增長速度將遠遠快於其所在行業。

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 the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. 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.

最重要的是,分析師下調了他們的每股收益估計,顯示在這些結果之後情緒明顯下降。令人欣慰的是,營收預測沒有發生重大變化,業務仍預計比整個行業增長更快。共識價格目標沒有真正發生變化,這表明企業的內在價值在最新預測中沒有經歷任何重大變化。

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 California Resources analysts - going out to 2026, and you can see them free on our platform here.

話雖如此,公司長期的收益軌跡比明年更重要得多。我們有來自多位加州資源分析師的至2026年的預估數據,您可以在我們平台上免費查看。

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for California Resources (1 doesn't sit too well with us) you should be aware of.

不要忘記,可能仍然存在風險。例如,我們已經確定了加州資源的2個警示信號(其中1個我們不太滿意),您應該注意。

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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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Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。

譯文內容由第三人軟體翻譯。


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