The Bank of New York Mellon Corporation Annual Results: Here's What Analysts Are Forecasting For Next Year
The Bank of New York Mellon Corporation Annual Results: Here's What Analysts Are Forecasting For Next Year
The Bank of New York Mellon Corporation (NYSE:BK) shares fell 8.6% to US$46.18 in the week since its latest full-year results. Results overall were respectable, with statutory earnings of US$4.51 per share roughly in line with what analysts had forecast. Revenues of US$16b came in 4.2% ahead of analyst predictions. 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've gathered the most recent statutory forecasts to see whether analysts have changed their earnings models, following these results.
紐約梅隆銀行公司(紐約證券交易所代碼：BK)股價在其最新全年業績公佈後的一週內下跌8.6%，至46.18美元。總體業績令人尊敬，法定每股收益為4.51美元，與分析師預測的大致一致。營收為160億美元，比分析師預測的高出4.2%。分析師通常會在每一份收益報告中更新他們的預測，我們可以從他們的估計中判斷他們對公司的看法是否發生了變化，或者是否有任何新的擔憂心知肚明的。我們收集了最新的法定預測，看看分析師是否在這些結果之後改變了他們的盈利模式。
View our latest analysis for Bank of New York Mellon
查看我們對紐約梅隆銀行的最新分析
Taking into account the latest results, the twelve analysts covering Bank of New York Mellon provided consensus estimates of US$15.8b revenue in 2020, which would reflect a discernible 4.3% decline on its sales over the past 12 months. Statutory earnings per share are expected to reduce 8.7% to US$4.15 in the same period. In the lead-up to this report, analysts had been modelling revenues of US$15.9b and earnings per share (EPS) of US$4.27 in 2020. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but analysts did make a minor downgrade to their earnings per share forecasts.
考慮到最新的業績，負責紐約梅隆銀行(Bank Of New York Mellon)的12位分析師提供了2020年營收158億美元的共識估計，這將反映出該銀行在過去12個月的銷售額明顯下降了4.3%。同期法定每股盈利料減少8.7%至4.15美元。在本報告發布前，分析師一直在預測2020年的營收為159億美元，每股收益(EPS)為4.27美元。因此，在最近的財報公佈後，整體人氣似乎出現了小幅下降-營收預期沒有重大變化，但分析師確實小幅下調了每股收益預期。
The consensus price target held steady at US$53.14, with analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. The consensus price target just an average of individual analyst targets, so - considering that the price target changed, it would be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Bank of New York Mellon, with the most bullish analyst valuing it at US$63.00 and the most bearish at US$47.00 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
一致的目標價持穩在53.14美元，分析師似乎投票認為，在可預見的未來，他們較低的預期收益預計不會導致股價走低。共識價格目標只是個別分析師的平均目標，所以-考慮到價格目標如果情況發生變化，就可以很方便地看到基礎估計的範圍有多廣。對紐約梅隆銀行(Bank Of New York Mellon)有一些不同的看法，最樂觀的分析師對其估值為63.00美元，最悲觀的分析師估值為每股47.00美元。這些價格目標表明，分析師對該業務確實有一些不同的看法，但估計的差異還不足以向我們表明，一些人押注於大獲全勝或徹底失敗。
Further, we can compare these estimates to past performance, and see how Bank of New York Mellon forecasts compare to the wider market's forecast performance. These estimates imply that sales are expected to slow, with a forecast revenue decline of 4.3% a significant reduction from annual growth of 1.1% over the last five years. Compare this with our data, which suggests that other companies in the same market are, in aggregate, expected to see their revenue grow 5.1% next year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - analysts also expect Bank of New York Mellon to grow slower than the wider market.
此外，我們可以將這些估計與過去的表現進行比較，看看紐約梅隆銀行(Bank Of New York Mellon)的預測與更廣泛市場的預測表現如何比較。這些預估暗示銷售預計將放緩，預計營收下滑4.3%，較過去五年1.1%的年增長率大幅下降。與我們的數據相比，我們的數據顯示，同一市場的其他公司明年的總收入預計將增長5.1%。因此，儘管預計其收入將會萎縮，但這片烏雲並不會帶來一線希望-分析師們也預計，紐約梅隆銀行(Bank Of New York Mellon)的增長速度將慢於整體市場。
The Bottom Line
底線
The most important thing to take away is that analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. On the plus side, there were no major changes to revenue estimates; although analyst forecasts imply revenues will perform worse than the wider market. 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，分析師下調了他們對每股收益的預期，表明在這些結果公佈後，市場人氣明顯下降。積極的一面是，營收預期沒有重大變化；儘管分析師預測意味着營收表現將遜於大盤。共識目標價沒有實際變化，這表明按照最新的估計，該業務的內在價值沒有發生任何重大變化。
With that in mind, we wouldn't be too quick to come to a conclusion on Bank of New York Mellon. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Bank of New York Mellon going out to 2022, and you cansee them free on our platform here..
考慮到這一點，我們不會太快對紐約梅隆銀行(Bank Of New York Mellon)下結論。長期盈利能力比明年的利潤重要得多。在Simply Wall St，我們有紐約梅隆銀行(Bank Of New York Mellon)2022年的全方位分析師預測，你可以在我們的平台上免費看到。
Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock tradesfor the last twelve months on our platform, here.
另一件需要考慮的事情是，管理層和董事最近是否一直在買入或賣出股票。我們在我們的平台上提供了過去12個月所有公開市場股票交易的概述，這裏。
If you spot an error that warrants correction, please contact the editor ateditorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
如果您發現需要更正的錯誤，請與編輯聯繫，電子郵件地址為edit-team@simplywallst.com。這篇由《華爾街日報》撰寫的文章本質上是籠統的。它不構成買賣任何股票的建議，也沒有考慮你的目標或你的財務狀況。簡單地説，華爾街在上述股票中沒有頭寸。
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
我們的目標是為您帶來由基礎數據驅動的長期重點研究分析。請注意，我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。感謝您的閲讀。
譯文內容由第三人軟體翻譯。