Han's Laser Technology Industry Group Co., Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Investors in Han's Laser Technology Industry Group Co., Ltd. (SZSE:002008) had a good week, as its shares rose 3.8% to close at CN¥18.96 following the release of its full-year results. It was a pretty mixed result, with revenues beating expectations to hit CN¥14b. Statutory earnings fell 9.6% short of analyst forecasts, reaching CN¥0.78 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Han's Laser Technology Industry Group after the latest results.

View our latest analysis for Han's Laser Technology Industry Group

Taking into account the latest results, the current consensus from Han's Laser Technology Industry Group's 13 analysts is for revenues of CN¥15.2b in 2024. This would reflect a decent 8.2% increase on its revenue over the past 12 months. Per-share earnings are expected to bounce 52% to CN¥1.18. Before this earnings report, the analysts had been forecasting revenues of CN¥15.4b and earnings per share (EPS) of CN¥1.17 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.

The analysts reconfirmed their price target of CN¥23.03, showing that the business is executing well and in line with expectations. 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. There are some variant perceptions on Han's Laser Technology Industry Group, with the most bullish analyst valuing it at CN¥35.00 and the most bearish at CN¥17.10 per share. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We can infer from the latest estimates that forecasts expect a continuation of Han's Laser Technology Industry Group'shistorical trends, as the 8.2% annualised revenue growth to the end of 2024 is roughly in line with the 9.0% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 17% per year. So although Han's Laser Technology Industry Group is expected to maintain its revenue growth rate, it's forecast to grow slower 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. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at CN¥23.03, with the latest estimates not enough to have an impact on their price targets.

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 Han's Laser Technology Industry Group analysts - going out to 2026, and you can see them free on our platform here.

You still need to take note of risks, for example - Han's Laser Technology Industry Group has 2 warning signs we think you should be aware of.

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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.