-
市场
-
产品
-
资讯
-
Moo社区
-
课堂
-
查看更多
-
功能介绍
-
费用费用透明,无最低余额限制
投资选择、功能介绍、费用相关信息由Moomoo Financial Inc.提供
- English
- 中文繁體
- 中文简体
- 深色
- 浅色
Earnings Report: Sinotrans Limited Missed Revenue Estimates By 15%
Earnings Report: Sinotrans Limited Missed Revenue Estimates By 15%
Investors in Sinotrans Limited (HKG:598) had a good week, as its shares rose 4.6% to close at HK$2.28 following the release of its interim results. Revenues were CN¥55b, 15% below analyst expectations, although losses didn't appear to worsen significantly, with a statutory per-share loss of CN¥0.50 being in line with what the analysts anticipated. 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 thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
View our latest analysis for Sinotrans
SEHK:598 Earnings and Revenue Growth August 28th 2022Taking into account the latest results, the current consensus, from the seven analysts covering Sinotrans, is for revenues of CN¥108.9b in 2022, which would reflect a discernible 7.6% reduction in Sinotrans' sales over the past 12 months. Statutory per-share earnings are expected to be CN¥0.53, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of CN¥124.5b and earnings per share (EPS) of CN¥0.51 in 2022. Indeed we can see that the consensus opinion has undergone some fundamental changes after the latest results, with a real cut to revenues at the same time as boosting EPS forecasts.
The consensus has made no major changes to the price target of HK$3.41, suggesting the forecast improvement in earnings is expected to offset the decline in revenues next year. 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 Sinotrans analyst has a price target of HK$3.93 per share, while the most pessimistic values it at HK$2.90. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Sinotrans shareholders.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that sales are expected to reverse, with a forecast 15% annualised revenue decline to the end of 2022. That is a notable change from historical growth of 12% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 12% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Sinotrans is expected to lag the wider industry.
The Bottom Line
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Sinotrans following these results. On the negative side, they also downgraded their revenue estimates, and forecasts imply revenues will perform worse than the wider industry. Yet - earnings are more important to the intrinsic value of the business. The consensus price target held steady at HK$3.41, with the latest estimates not enough to have an impact on their price targets.
With that in mind, we wouldn't be too quick to come to a conclusion on Sinotrans. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Sinotrans analysts - going out to 2024, and you can see them free on our platform here.
However, before you get too enthused, we've discovered 1 warning sign for Sinotrans that you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
投资者在中国外运有限公司(HKG:598)在公布中期业绩后,股价上升4.6%,收报2.28港元,本周表现良好。营收为人民币550亿加元,比分析师预期低15%,不过亏损似乎没有明显恶化,法定每股亏损人民币0.50加元,符合分析师预期。对于投资者来说,这是一个重要的时刻,因为他们可以在公司的报告中跟踪公司的表现,查看专家对明年的预测,以及对业务的预期是否有任何变化。我们认为,读者会发现看到分析师对明年最新(法定)盈利后的预测会很有趣。
查看我们对中国外运的最新分析
联交所:598盈利及收入增长2022年8月28日考虑到最新的业绩,研究中外运的七位分析师目前的共识是,2022年的收入将达到人民币1089亿元,这将反映出中外运在过去12个月的销售额明显下降7.6%。法定每股收益预计为0.53加元,与过去12个月基本持平。在本报告发布前,分析师一直在模拟2022年收入1245亿加元,每股收益0.51加元。事实上,我们可以看到,在最新业绩公布后,人们的共识发生了一些根本性的变化,在提高每股收益预期的同时,实际削减了收入。
市场共识并未对每股3.41港元的目标价作出重大调整,显示预期盈利改善可望抵销明年收入下降的影响。看看分析师估计的范围,评估异常值与平均值的差异也可能是有启发意义的。最乐观的中外运分析师给出的目标价为每股3.93港元,而最悲观的分析师则认为目标价为2.9港元。分析师对这项业务的看法肯定各不相同,但在我们看来,估计的差距还不够大,不足以表明等待中外运股东的可能是极端结果。
了解这些预测的更多背景信息的一种方法是,看看它们与过去的表现如何比较,以及同行业的其他公司的表现如何。我们要强调的是,销售预计将逆转,预计到2022年底,年化收入将下降15%。与过去五年12%的历史增长率相比,这是一个显著的变化。相比之下,我们的数据表明,在可预见的未来,同一行业的其他公司(有分析师覆盖)的收入预计将以每年12%的速度增长。因此,尽管预计其营收将会萎缩,但这片乌云并不会带来一线希望--预计中外运将落后于整个行业。
底线
最重要的是,分析师们上调了每股收益预期,表明在这些业绩公布后,人们对中外运的乐观情绪明显增强。不利的一面是,他们还下调了营收预期,预测意味着营收表现将逊于整个行业。然而,收益对企业的内在价值更为重要。共识目标价持稳在3.41港元,最新预估不足以对其目标价产生影响。
考虑到这一点,我们不会太快得出关于中外运的结论。长期盈利能力比明年的利润重要得多。我们有多位中外运分析师对2024年的预测,你可以在我们的平台上免费看到。
然而,在你太兴奋之前,我们已经发现中国外运的1个警告标志这一点你应该知道。
对这篇文章有什么反馈吗?担心内容吗? 保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。
moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
风险及免责提示
moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
- 分享到weixin
- 分享到qq
- 分享到facebook
- 分享到twitter
- 分享到微博
- 粘贴板
使用浏览器的分享功能,分享给你的好友吧