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BOE Varitronix Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

BOE Varitronix Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

英國央行精電有限公司的收益未達到分析師的預期:以下是分析師現在的預測
Simply Wall St ·  03/23 21:35

It's shaping up to be a tough period for BOE Varitronix Limited (HKG:710), which a week ago released some disappointing full-year results that could have a notable impact on how the market views the stock. It wasn't a great result overall - while revenue fell marginally short of analyst estimates at HK$11b, statutory earnings missed forecasts by 14%, coming in at just HK$0.60 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

對於京東方精電有限公司(HKG: 710)來說,這將是一個艱難的時期,該公司一週前發佈了一些令人失望的全年業績,可能會對市場對該股的看法產生顯著影響。總體而言,這並不是一個好業績——雖然收入略低於分析師預期的110億港元,但法定收益未達到預期的14%,每股收益僅爲0.60港元。對於投資者來說,盈利是一個重要時刻,因爲他們可以追蹤公司的業績,查看分析師對明年的預測,看看對公司的情緒是否發生了變化。因此,我們收集了最新的業績後法定共識估計,以了解明年可能會發生什麼。

earnings-and-revenue-growth
SEHK:710 Earnings and Revenue Growth March 24th 2024
SEHK: 710 2024年3月24日收益和收入增長

Taking into account the latest results, the most recent consensus for BOE Varitronix from seven analysts is for revenues of HK$14.2b in 2024. If met, it would imply a major 32% increase on its revenue over the past 12 months. Per-share earnings are expected to soar 58% to HK$0.95. In the lead-up to this report, the analysts had been modelling revenues of HK$14.6b and earnings per share (EPS) of HK$0.95 in 2024. The consensus seems maybe a little more pessimistic, trimming their revenue forecasts after the latest results even though there was no change to its EPS estimates.

考慮到最新業績,七位分析師對京東方精電的最新共識是,2024年的收入爲142億港元。如果得到滿足,這意味着其收入在過去12個月中將大幅增長32%。每股收益預計將飆升58%,至0.95港元。在本報告發布之前,分析師一直在模擬2024年的收入爲146億港元,每股收益(EPS)爲0.95港元。儘管每股收益估計沒有變化,但共識似乎更加悲觀,在最新業績公佈後下調了他們的收入預期。

The average price target was reduced 7.2% to HK$12.48, with the lower revenue forecasts indicating negative sentiment towards BOE Varitronix, even though earnings forecasts were unchanged. 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 BOE Varitronix analyst has a price target of HK$21.53 per share, while the most pessimistic values it at HK$6.70. We would probably assign less value to the analyst forecasts in this situation, because such a wide range of estimates could imply that the future of this business is difficult to value accurately. As a result it might not be a great idea to make decisions based on the consensus price target, which is after all just an average of this wide range of estimates.

平均目標股價下調7.2%至12.48港元,儘管盈利預測保持不變,但較低的收入預測表明對京東方精電持負面情緒。研究分析師的估計範圍,評估異常值與平均值的差異程度也可能很有啓發性。最樂觀的英國央行精電分析師將目標股價定爲每股21.53港元,而最悲觀的分析師則將其目標股價定爲6.70港元。在這種情況下,我們可能會減少對分析師預測的估值,因爲如此廣泛的估計可能意味着該業務的未來難以準確估值。因此,根據共識目標股價做出決策可能不是一個好主意,畢竟共識目標價只是如此廣泛的估計值的平均值。

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 2024 brings more of the same, according to the analysts, with revenue forecast to display 32% growth on an annualised basis. That is in line with its 29% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 14% annually. So it's pretty clear that BOE Varitronix is forecast to grow substantially faster than its industry.

現在從大局來看,我們理解這些預測的方法之一是看看它們與過去的表現和行業增長估計相比如何。分析師表示,截至2024年底將帶來更多相同的情況,收入按年計算預計將增長32%。這與其在過去五年中29%的年增長率一致。相比之下,分析師估計(總計),整個行業的收入將每年增長14%。因此,很明顯,預計京東方精電的增長速度將大大超過其行業。

The Bottom Line

底線

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than the wider industry. Even so, earnings are more important to the intrinsic value of the business. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.

要了解的最重要的一點是,市場情緒沒有重大變化,分析師再次確認該業務的表現符合他們先前的每股收益預期。遺憾的是,他們還下調了收入預期,但最新的預測仍然表明該業務的增長速度將快於整個行業。即便如此,收益對企業的內在價值更爲重要。此外,分析師還下調了目標股價,這表明最新消息加劇了人們對業務內在價值的悲觀情緒。

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple BOE Varitronix analysts - going out to 2025, and you can see them free on our platform here.

考慮到這一點,我們仍然認爲該業務的長期發展軌跡對於投資者來說更爲重要。根據多位京東方精電分析師的估計,到2025年,你可以在這裏在我們的平台上免費看到這些估計。

It is also worth noting that we have found 1 warning sign for BOE Varitronix that you need to take into consideration.

還值得注意的是,我們已經找到了一個需要考慮的京東方精電警告信號。

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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。

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