share_log

US$9.60 - That's What Analysts Think ADTRAN Holdings, Inc. (NASDAQ:ADTN) Is Worth After These Results

US$9.60 - That's What Analysts Think ADTRAN Holdings, Inc. (NASDAQ:ADTN) Is Worth After These Results

9.60美元——這就是分析師認爲ADTRAN Holdings, Inc.(納斯達克股票代碼:ADTN)公佈這些業績後的價值
Simply Wall St ·  03/01 14:57

Shareholders might have noticed that ADTRAN Holdings, Inc. (NASDAQ:ADTN) filed its full-year result this time last week. The early response was not positive, with shares down 7.8% to US$5.69 in the past week. It was a pretty bad result overall; while revenues were in line with expectations at US$1.1b, statutory losses exploded to US$3.41 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

股東們可能已經注意到,ADTRAN Holdings, Inc.(納斯達克股票代碼:ADTN)上週這個時候公佈了全年業績。早期的反應並不樂觀,過去一週股價下跌7.8%,至5.69美元。總體而言,這是一個相當糟糕的業績;雖然收入符合預期,爲11億美元,但法定虧損激增至每股3.41美元。根據結果,分析師更新了他們的盈利模式,很高興知道他們是否認爲公司的前景發生了巨大變化,或者業務是否照舊。考慮到這一點,我們收集了最新的法定預測,以了解分析師對明年的預期。

earnings-and-revenue-growth
NasdaqGS:ADTN Earnings and Revenue Growth March 1st 2024
納斯達克GS:ADTN 收益和收入增長 2024 年 3 月 1 日

Following the recent earnings report, the consensus from five analysts covering ADTRAN Holdings is for revenues of US$1.03b in 2024. This implies a not inconsiderable 9.9% decline in revenue compared to the last 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 85% to US$0.52. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$1.06b and losses of US$0.28 per share in 2024. While this year's revenue estimates dropped there was also a massive increase in loss per share expectations, suggesting the consensus has a bit of a mixed view on the stock.

繼最近的業績之後,五位報道ADTRAN Holdings的分析師一致認爲,2024年的收入爲10.3億美元。這意味着與過去12個月相比,收入下降了9.9%,這是不容忽視的。預計每股虧損將在不久的將來大幅減少,縮小85%,至0.52美元。然而,在最新業績公佈之前,分析師一直預測2024年收入爲10.6億美元,每股虧損0.28美元。儘管今年的收入預期有所下降,但每股虧損的預期也大幅增加,這表明共識對該股的看法好壞參半。

The average price target lifted 11% to US$9.60, clearly signalling that the weaker revenue and EPS outlook are not expected to weigh on the stock over the longer term. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values ADTRAN Holdings at US$14.00 per share, while the most bearish prices it at US$7.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

平均目標股價上調了11%,至9.60美元,這清楚地表明,從長遠來看,收入和每股收益前景疲軟預計不會對該股造成壓力。共識目標股價只是個別分析師目標的平均值,因此——可以很方便地看到基礎估計值的範圍有多廣。目前,最看漲的分析師對ADTRAN Holdings的估值爲每股14.00美元,而最看跌的分析師估值爲每股7.00美元。這是相當廣泛的估計,這表明分析師正在預測該業務的各種可能結果。

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. We would highlight that revenue is expected to reverse, with a forecast 9.9% annualised decline to the end of 2024. That is a notable change from historical growth of 21% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 3.6% per year. It's pretty clear that ADTRAN Holdings' revenues are expected to perform substantially worse than the wider industry.

現在從大局來看,我們理解這些預測的方法之一是了解它們與過去的業績和行業增長估計相比如何。我們要強調的是,收入預計將逆轉,預計到2024年底年化下降9.9%。與過去五年21%的歷史增長相比,這是一個顯著的變化。相比之下,我們的數據表明,預計同一行業的其他公司的收入每年將增長3.6%。很明顯,ADTRAN Holdings的收入預計將大大低於整個行業。

The Bottom Line

底線

The most important thing to take away is that the analysts increased their loss per share estimates for next year. On the negative side, they also downgraded their revenue estimates, and forecasts imply they will perform worse than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

要了解的最重要的一點是,分析師提高了明年的每股虧損預期。不利的一面是,他們還下調了收入預期,預測表明他們的表現將比整個行業差。我們注意到目標股價已上調,這表明分析師認爲該業務的內在價值可能會隨着時間的推移而提高。

With that in mind, we wouldn't be too quick to come to a conclusion on ADTRAN Holdings. 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 ADTRAN Holdings going out to 2026, and you can see them free on our platform here..

考慮到這一點,我們不會很快就ADTRAN Holdings得出結論。長期盈利能力比明年的利潤重要得多。在Simply Wall St,我們有分析師對截至2026年的ADTRAN Holdings的全方位估計,你可以在我們的平台上免費查看。

Before you take the next step you should know about the 1 warning sign for ADTRAN Holdings that we have uncovered.

在你採取下一步行動之前,你應該了解我們發現的ADTRAN Holdings的1個警告信號。

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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
    搶先評論