Goldwind Science And Technology Co., Ltd. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Investors in Goldwind Science And Technology Co., Ltd. (SZSE:002202) had a good week, as its shares rose 6.6% to close at CN¥7.96 following the release of its quarterly results. Revenues missed the mark, coming in 12% below forecasts, at CN¥13b. Statutory profits were a real bright spot in contrast, with per-share profits of CN¥0.25 being a notable 172% above what the analysts were modelling. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

View our latest analysis for Goldwind Science And Technology

Taking into account the latest results, the current consensus from Goldwind Science And Technology's 13 analysts is for revenues of CN¥57.5b in 2024. This would reflect a solid 11% increase on its revenue over the past 12 months. Per-share earnings are expected to leap 81% to CN¥0.59. In the lead-up to this report, the analysts had been modelling revenues of CN¥55.8b and earnings per share (EPS) of CN¥0.51 in 2024. There's been a pretty noticeable increase in sentiment, with the analysts upgrading revenues and making a nice increase in earnings per share in particular.

Despite these upgrades,the analysts have not made any major changes to their price target of CN¥8.88, suggesting that the higher estimates are not likely to have a long term impact on what the stock is worth. 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. The most optimistic Goldwind Science And Technology analyst has a price target of CN¥10.10 per share, while the most pessimistic values it at CN¥7.54. This is a very narrow spread of estimates, implying either that Goldwind Science And Technology is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Goldwind Science And Technology's rate of growth is expected to accelerate meaningfully, with the forecast 24% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 4.6% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 16% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Goldwind Science And Technology is expected to grow much faster than its industry.

The Bottom Line

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 Goldwind Science And Technology following these results. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. The consensus price target held steady at CN¥8.88, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Goldwind Science And Technology 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 - Goldwind Science And Technology has 2 warning signs (and 1 which doesn't sit too well with us) we think you should know about.

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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.