Shaanxi Huaqin Technology Industry Co.,Ltd. (SHSE:688281) just released its latest annual report and things are not looking great. It wasn't a great result overall - while revenue fell marginally short of analyst estimates at CN¥917m, statutory earnings missed forecasts by an incredible 28%, coming in at just CN¥2.41 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

Taking into account the latest results, the current consensus from Shaanxi Huaqin Technology IndustryLtd's five analysts is for revenues of CN¥1.19b in 2024. This would reflect a huge 30% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to surge 74% to CN¥4.20. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥1.21b and earnings per share (EPS) of CN¥4.21 in 2024. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at CN¥176. 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 Shaanxi Huaqin Technology IndustryLtd analyst has a price target of CN¥196 per share, while the most pessimistic values it at CN¥142. This shows there is still a bit of 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.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We can infer from the latest estimates that forecasts expect a continuation of Shaanxi Huaqin Technology IndustryLtd'shistorical trends, as the 30% annualised revenue growth to the end of 2024 is roughly in line with the 30% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 16% annually. So although Shaanxi Huaqin Technology IndustryLtd is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

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. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider 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.

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 Shaanxi Huaqin Technology IndustryLtd analysts - going out to 2026, and you can see them free on our platform here.

Before you take the next step you should know about the 1 warning sign for Shaanxi Huaqin Technology IndustryLtd that we have uncovered.

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