Analysts Have Made A Financial Statement On Hefei Meyer Optoelectronic Technology Inc.'s (SZSE:002690) Full-Year Report

It's been a good week for Hefei Meyer Optoelectronic Technology Inc. (SZSE:002690) shareholders, because the company has just released its latest full-year results, and the shares gained 9.2% to CN¥17.15. Revenues came in 2.5% below expectations, at CN¥2.3b. Statutory earnings per share were relatively better off, with a per-share profit of CN¥0.74 being roughly in line with analyst estimates. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

Taking into account the latest results, the current consensus from Hefei Meyer Optoelectronic Technology's eight analysts is for revenues of CN¥2.63b in 2025. This would reflect a notable 14% increase on its revenue over the past 12 months. Per-share earnings are expected to swell 13% to CN¥0.83. In the lead-up to this report, the analysts had been modelling revenues of CN¥2.66b and earnings per share (EPS) of CN¥0.82 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

See our latest analysis for Hefei Meyer Optoelectronic Technology

It will come as no surprise then, to learn that the consensus price target is largely unchanged at CN¥17.12. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Hefei Meyer Optoelectronic Technology, with the most bullish analyst valuing it at CN¥20.00 and the most bearish at CN¥14.20 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Hefei Meyer Optoelectronic Technology's growth to accelerate, with the forecast 14% annualised growth to the end of 2025 ranking favourably alongside historical growth of 11% per annum over the past five years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 16% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Hefei Meyer Optoelectronic Technology is expected to grow at about the same rate as 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. 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.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Hefei Meyer Optoelectronic Technology going out to 2027, and you can see them free on our platform here..

Even so, be aware that Hefei Meyer Optoelectronic Technology is showing 1 warning sign in our investment analysis , you should know about...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.