Haier Smart Home Co., Ltd. (SHSE:600690) Yearly Results Just Came Out: Here's What Analysts Are Forecasting For This Year

It's been a good week for Haier Smart Home Co., Ltd. (SHSE:600690) shareholders, because the company has just released its latest full-year results, and the shares gained 6.9% to CN¥24.95. Results were roughly in line with estimates, with revenues of CN¥261b and statutory earnings per share of CN¥1.78. 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 Haier Smart Home after the latest results.

See our latest analysis for Haier Smart Home

Taking into account the latest results, the most recent consensus for Haier Smart Home from 26 analysts is for revenues of CN¥281.7b in 2024. If met, it would imply a modest 7.8% increase on its revenue over the past 12 months. Per-share earnings are expected to expand 11% to CN¥2.00. In the lead-up to this report, the analysts had been modelling revenues of CN¥282.6b and earnings per share (EPS) of CN¥2.02 in 2024. 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.

There were no changes to revenue or earnings estimates or the price target of CN¥30.31, suggesting that the company has met expectations in its recent result. 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. There are some variant perceptions on Haier Smart Home, with the most bullish analyst valuing it at CN¥36.70 and the most bearish at CN¥22.90 per share. 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 Haier Smart Home shareholders.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Haier Smart Home's past performance and to peers in the same industry. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 7.8% growth on an annualised basis. That is in line with its 7.1% annual growth over the past five years. Compare this with the broader industry (in aggregate), which analyst estimates suggest will see revenues grow 9.9% annually. So it's pretty clear that Haier Smart Home is expected to grow slower than similar companies in the same industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Haier Smart Home's revenue is expected to perform worse than the wider industry. The consensus price target held steady at CN¥30.31, 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. At Simply Wall St, we have a full range of analyst estimates for Haier Smart Home going out to 2026, and you can see them free on our platform here..

You can also see our analysis of Haier Smart Home's Board and CEO remuneration and experience, and whether company insiders have been buying stock.

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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.