The Zhejiang Supor Co., Ltd. (SZSE:002032) Yearly Results Are Out And Analysts Have Published New Forecasts

It's been a good week for Zhejiang Supor Co., Ltd. (SZSE:002032) shareholders, because the company has just released its latest full-year results, and the shares gained 4.4% to CN¥57.55. Zhejiang Supor reported in line with analyst predictions, delivering revenues of CN¥21b and statutory earnings per share of CN¥2.72, suggesting the business is executing well and in line with its plan. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

See our latest analysis for Zhejiang Supor

Following the latest results, Zhejiang Supor's 18 analysts are now forecasting revenues of CN¥22.7b in 2024. This would be a satisfactory 6.5% improvement in revenue compared to the last 12 months. Per-share earnings are expected to accumulate 6.6% to CN¥2.91. Before this earnings report, the analysts had been forecasting revenues of CN¥22.6b and earnings per share (EPS) of CN¥2.90 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.

The analysts reconfirmed their price target of CN¥60.06, 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. Currently, the most bullish analyst values Zhejiang Supor at CN¥63.80 per share, while the most bearish prices it at CN¥53.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Zhejiang Supor's past performance and to peers in the same industry. The analysts are definitely expecting Zhejiang Supor's growth to accelerate, with the forecast 6.5% annualised growth to the end of 2024 ranking favourably alongside historical growth of 2.9% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 9.9% per year. It seems obvious that, while the future growth outlook is brighter than the recent past, Zhejiang Supor is expected 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. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Zhejiang Supor's revenue is expected to perform worse than the wider industry. The consensus price target held steady at CN¥60.06, 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 Zhejiang Supor analysts - going out to 2026, and you can see them free on our platform here.

Even so, be aware that Zhejiang Supor is showing 1 warning sign in our investment analysis , 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.