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Foxconn Industrial Internet Co., Ltd. Just Missed EPS By 19%: Here's What Analysts Think Will Happen Next

Foxconn Industrial Internet Co., Ltd. Just Missed EPS By 19%: Here's What Analysts Think Will Happen Next

富士康工業互聯網有限公司剛剛低於每股收益19%:以下是分析師認爲接下來會發生的事情
Simply Wall St ·  05/01 18:25

It's been a pretty great week for Foxconn Industrial Internet Co., Ltd. (SHSE:601138) shareholders, with its shares surging 10% to CN¥24.50 in the week since its latest first-quarter results. Statutory earnings per share of CN¥0.21 unfortunately missed expectations by 19%, although it was encouraging to see revenues of CN¥119b exceed expectations by 3.0%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

對於富士康工業互聯網有限公司(SHSE: 601138)的股東來說,這是非常不錯的一週,自公佈第一季度業績以來,其股價在本週飆升了10%,至24.50元人民幣。不幸的是,法定每股收益爲0.21元人民幣,未達到預期的19%,儘管令人鼓舞的是,119億元人民幣的收入比預期高出3.0%。分析師通常會在每份收益報告中更新他們的預測,我們可以從他們的估計中判斷他們對公司的看法是否發生了變化,或者是否有任何新的問題需要注意。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
SHSE:601138 Earnings and Revenue Growth May 1st 2024
SHSE: 601138 2024 年 5 月 1 日收益和收入增長

Following the latest results, Foxconn Industrial Internet's 20 analysts are now forecasting revenues of CN¥560.5b in 2024. This would be a notable 15% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to soar 26% to CN¥1.40. In the lead-up to this report, the analysts had been modelling revenues of CN¥555.1b and earnings per share (EPS) of CN¥1.34 in 2024. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.

根據最新業績,富士康工業互聯網的20位分析師現在預測2024年的收入爲5605億元人民幣。與過去12個月相比,這將使收入顯著增長15%。預計每股法定收益將飆升26%,至1.40元人民幣。在本報告發布之前,分析師一直在模擬2024年的收入爲5551億元人民幣,每股收益(EPS)爲1.34元人民幣。從他們新的每股收益估計來看,分析師似乎對該業務更加看好。

The consensus price target was unchanged at CN¥29.91, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. 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. Currently, the most bullish analyst values Foxconn Industrial Internet at CN¥36.00 per share, while the most bearish prices it at CN¥20.60. 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 Foxconn Industrial Internet shareholders.

共識目標股價維持在29.91元人民幣不變,這意味着盈利前景的改善預計不會對股東的價值創造產生長期影響。但是,這並不是我們可以從這些數據中得出的唯一結論,因爲一些投資者在評估分析師目標股價時也喜歡考慮估計值的差異。目前,最看漲的分析師對富士康工業互聯網的估值爲每股36.00元人民幣,而最看跌的分析師估值爲20.60元人民幣。分析師對該業務的看法肯定各不相同,但在我們看來,估計的分歧還不夠廣泛,不足以表明富士康工業互聯網股東可能會有極端的結果。

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting Foxconn Industrial Internet's growth to accelerate, with the forecast 20% annualised growth to the end of 2024 ranking favourably alongside historical growth of 4.4% per annum over the past five years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 18% per year. Foxconn Industrial Internet is expected to grow at about the same rate as its industry, so it's not clear that we can draw any conclusions from its growth relative to competitors.

從現在的大局來看,我們可以理解這些預測的方法之一是看看它們如何與過去的業績和行業增長預期相比較。分析師們肯定預計富士康工業互聯網的增長將加速,預計到2024年底的年化增長率爲20%,而過去五年的歷史年增長率爲4.4%。預計該行業其他類似公司(有分析師報道)的收入也將以每年18%的速度增長。富士康工業互聯網預計將以與其行業大致相同的速度增長,因此目前尚不清楚我們能否從其相對於競爭對手的增長中得出任何結論。

The Bottom Line

底線

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 Foxconn Industrial Internet following these results. 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.

這裏最重要的是,分析師上調了每股收益預期,這表明繼這些業績之後,對富士康工業互聯網的樂觀情緒明顯增強。令人高興的是,收入預測沒有實際變化,預計該業務仍將與整個行業保持一致。共識目標股價沒有實際變化,這表明該業務的內在價值與最新估計相比沒有發生任何重大變化。

With that in mind, we wouldn't be too quick to come to a conclusion on Foxconn Industrial Internet. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Foxconn Industrial Internet analysts - going out to 2026, and you can see them free on our platform here.

考慮到這一點,我們不會很快就富士康工業互聯網得出結論。長期盈利能力比明年的利潤重要得多。根據多位富士康工業互聯網分析師的估計,到2026年,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 Foxconn Industrial Internet 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富士康工業互聯網的1個警告信號。

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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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