Hisense Home Appliances Group Co., Ltd. Just Recorded A 29% EPS Beat: Here's What Analysts Are Forecasting Next
Hisense Home Appliances Group Co., Ltd. Just Recorded A 29% EPS Beat: Here's What Analysts Are Forecasting Next
A week ago, Hisense Home Appliances Group Co., Ltd. (SZSE:000921) came out with a strong set of quarterly numbers that could potentially lead to a re-rate of the stock. It was overall a positive result, with revenues beating expectations by 5.7% to hit CN¥23b. Hisense Home Appliances Group also reported a statutory profit of CN¥0.72, which was an impressive 29% above what the analysts had forecast. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Hisense Home Appliances Group after the latest results.
一周前，海信家电集团有限公司（SZSE: 000921）公布了一系列强劲的季度数据，这可能会导致该股的重新评级。总体而言，这是一个积极的结果，收入比预期高出5.7％，达到230亿元人民币。海信家用电器集团还公布了0.72元人民币的法定利润，比分析师的预测高出29％，令人印象深刻。根据结果，分析师更新了他们的盈利模式，很高兴知道他们是否认为公司的前景发生了巨大变化，或者业务是否照旧。读者会很高兴得知我们已经汇总了最新的法定预测，以了解分析师在最新业绩公布后是否改变了对海信家电集团的看法。
Following the latest results, Hisense Home Appliances Group's eleven analysts are now forecasting revenues of CN¥96.2b in 2024. This would be a satisfactory 7.2% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to increase 8.9% to CN¥2.56. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥94.4b and earnings per share (EPS) of CN¥2.38 in 2024. So the consensus seems to have become somewhat more optimistic on Hisense Home Appliances Group's earnings potential following these results.
根据最新业绩，海信家电集团的11位分析师现在预测2024年的收入为962亿元人民币。与过去12个月相比，这将使收入令人满意地增长7.2％。预计每股法定收益将增长8.9％，至2.56元人民币。然而，在最新财报公布之前，分析师曾预计2024年的收入为944亿元人民币，每股收益（EPS）为2.38元人民币。因此，在这些业绩公布后，人们对海信家电集团的盈利潜力的共识似乎变得更加乐观了。
There's been no major changes to the consensus price target of CN¥35.53, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. 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 Hisense Home Appliances Group at CN¥40.00 per share, while the most bearish prices it at CN¥31.00. This is a very narrow spread of estimates, implying either that Hisense Home Appliances Group is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
35.53元人民币的共识目标股价没有重大变化，这表明每股收益前景的改善不足以对股票估值产生长期的积极影响。共识目标股价只是个别分析师目标的平均值，因此——可以很方便地看到基础估计值的范围有多广。目前，最看涨的分析师对海信家电集团的估值为每股40.00元人民币，而最看跌的分析师估值为31.00元人民币。这与估计值的差距非常小，这意味着海信家用电器集团是一家易于估值的公司，或者（更有可能）分析师严重依赖一些关键假设。
Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Hisense Home Appliances Group's revenue growth is expected to slow, with the forecast 9.8% annualised growth rate until the end of 2024 being well below the historical 20% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 9.7% annually. Factoring in the forecast slowdown in growth, it looks like Hisense Home Appliances Group is forecast to grow at about the same rate as the wider industry.
当然，看待这些预测的另一种方法是将它们与行业本身联系起来。我们要强调的是，海信家用电器集团的收入增长预计将放缓，预计到2024年底的年化增长率为9.8％，远低于过去五年20％的历史年增长率。将其与业内其他有分析师报道的公司并列，预计这些公司的收入（总计）每年将增长9.7％。考虑到预计的增长放缓，预计海信家用电器集团的增长速度将与整个行业大致相同。
The Bottom Line
底线
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Hisense Home Appliances Group's earnings potential next year. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. 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.
对我们来说，最大的收获是共识的每股收益上调，这表明人们对海信家电集团明年盈利潜力的看法明显改善。令人高兴的是，收入预测没有实际变化，预计该业务仍将与整个行业保持一致。共识目标股价没有实际变化，这表明根据最新估计，该业务的内在价值没有发生任何重大变化。
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Hisense Home Appliances Group analysts - going out to 2026, and you can see them free on our platform here.
根据这种思路，我们认为该业务的长期前景比明年的收益重要得多。海信家用电器集团的多位分析师估计，到2026年，你可以在我们的平台上免费查看。
You should always think about risks though. Case in point, we've spotted 1 warning sign for Hisense Home Appliances Group you should be aware of.
但是，你应该时刻考虑风险。举个例子，我们发现了海信家用电器集团的一个警告信号，你应该注意。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论，我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议，也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意，我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之，华尔街没有持有任何上述股票的头寸。