Xi'an Bright Laser Technologies Co.,Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Xi'an Bright Laser Technologies Co.,Ltd. (SHSE:688333) missed earnings with its latest full-year results, disappointing overly-optimistic forecasters. Unfortunately, Xi'an Bright Laser TechnologiesLtd delivered a serious earnings miss. Revenues of CN¥1.2b were 12% below expectations, and statutory earnings per share of CN¥0.87 missed estimates by 44%. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

Check out our latest analysis for Xi'an Bright Laser TechnologiesLtd

Following the latest results, Xi'an Bright Laser TechnologiesLtd's six analysts are now forecasting revenues of CN¥1.86b in 2024. This would be a huge 51% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to jump 154% to CN¥1.87. In the lead-up to this report, the analysts had been modelling revenues of CN¥1.90b and earnings per share (EPS) of CN¥2.03 in 2024. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a minor downgrade to earnings per share estimates.

It'll come as no surprise then, to learn that the analysts have cut their price target 7.5% to CN¥136. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Xi'an Bright Laser TechnologiesLtd at CN¥154 per share, while the most bearish prices it at CN¥102. 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 Xi'an Bright Laser TechnologiesLtd shareholders.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Xi'an Bright Laser TechnologiesLtd's rate of growth is expected to accelerate meaningfully, with the forecast 51% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 33% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 19% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Xi'an Bright Laser TechnologiesLtd is expected to grow much faster than its industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Xi'an Bright Laser TechnologiesLtd's future valuation.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Xi'an Bright Laser TechnologiesLtd going out to 2026, and you can see them free on our platform here..

Even so, be aware that Xi'an Bright Laser TechnologiesLtd is showing 2 warning signs in our investment analysis , and 1 of those is a bit concerning...

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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.