Shareholders in CSC Financial Co., Ltd. (HKG:6066) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The analysts have sharply increased their revenue numbers, with a view that CSC Financial will make substantially more sales than they'd previously expected.
After this upgrade, CSC Financial's four analysts are now forecasting revenues of CN¥41b in 2022. This would be a major 26% improvement in sales compared to the last 12 months. Statutory earnings per share are presumed to increase 6.8% to CN¥1.31. Previously, the analysts had been modelling revenues of CN¥36b and earnings per share (EPS) of CN¥1.31 in 2022. It seems analyst sentiment has certainly become more bullish on revenues, even though they haven't changed their view on earnings per share.
Check out our latest analysis for CSC Financial
SEHK:6066 Earnings and Revenue Growth September 2nd 2022
Even though revenue forecasts increased, there was no change to the consensus price target of CN¥9.15, suggesting the analysts are focused on earnings as the driver of value creation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic CSC Financial analyst has a price target of CN¥12.47 per share, while the most pessimistic values it at CN¥9.36. This shows there is still some diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
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 period to the end of 2022 brings more of the same, according to the analysts, with revenue forecast to display 26% growth on an annualised basis. That is in line with its 24% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 17% annually. So it's pretty clear that CSC Financial is forecast to grow substantially faster than its industry.
The Bottom Line
The most obvious conclusion from this consensus update is that there's been no major change in the business' prospects in recent times, with analysts holding earnings per share steady, in line with previous estimates. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at CSC Financial.
Analysts are definitely bullish on CSC Financial, but no company is perfect. Indeed, you should know that there are several potential concerns to be aware of, including concerns around earnings quality. For more information, you can click through to our platform to learn more about this and the 1 other flag we've identified .
Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying.
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股东在中信建投证券股份有限公司。(HKG:6066)获悉分析师刚刚对其近期预测作出重大上调,可能会感到兴奋。分析师们大幅增加了他们的收入数字,认为中信建投证券的销售额将大大超过他们之前的预期。
此次上调后,中信建投证券的四位分析师现在预测,2022年的收入将达到410亿元人民币。与过去12个月相比,这将使销售额大幅提高26%。每股法定收益预计增长6.8%,至1.31加元。此前,分析师一直在预测2022年的收入为人民币360亿元,每股收益为人民币1.31元。尽管分析师们对每股收益的看法并没有改变,但他们对营收的看法似乎肯定变得更加乐观了。
看看我们对中信建投证券的最新分析
联交所:6066盈利及收入增长2022年9月2日
尽管营收预期上调,但9.15元的共识目标价没有变化,这表明分析师们专注于将收益作为价值创造的驱动力。然而,这并不是我们可以从这些数据中得出的唯一结论,因为一些投资者在评估分析师的价格目标时,也喜欢考虑预期中的价差。最乐观的中信建投证券分析师的目标价为每股12.47元,而最悲观的分析师认为目标价为9.36元。这表明,投资者的预期仍存在一定的差异,但分析师似乎并不是对该股的看法完全不同,好像这可能是一种成功或失败的局面。
现在看一看更大的图景,我们可以理解这些预测的方法之一是看看它们与过去的业绩和行业增长估计如何比较。分析师们表示,截至2022年底的一段时间内,收入将出现更多相同的情况,预计收入将按年率计算增长26%。这与其过去五年24%的年增长率一致。相比之下,分析师估计整个行业的收入将以每年17%的速度增长。因此,很明显,中信建投证券的增长速度预计将远远快于其行业。
底线
从这一共识更新中最明显的结论是,近期该业务的前景没有重大变化,分析师们保持每股收益稳定,与之前的估计一致。幸运的是,分析师也上调了他们的收入预期,我们的数据表明,预计销售表现将好于大盘。鉴于分析人士似乎预计销售渠道将大幅改善,现在可能是重新审视中信建投证券的合适时机。
分析师绝对看好中信建投证券,但没有一家公司是十全十美的。事实上,你应该知道有几个潜在的担忧需要注意,包括对收益质量的担忧。欲了解更多信息,您可以点击进入我们的平台,了解更多关于这面旗帜和我们已经确定的其他1面旗帜的信息。
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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。