Bear Electric Appliance Co.,Ltd. (SZSE:002959) Full-Year Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Bear Electric Appliance Co.,Ltd. (SZSE:002959) missed earnings with its latest annual results, disappointing overly-optimistic forecasters. Results look to have been somewhat negative - revenue fell 3.9% short of analyst estimates at CN¥4.7b, and statutory earnings of CN¥2.82 per share missed forecasts by 2.7%. 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.

See our latest analysis for Bear Electric ApplianceLtd

Taking into account the latest results, the consensus forecast from Bear Electric ApplianceLtd's ten analysts is for revenues of CN¥5.16b in 2024. This reflects a notable 9.5% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to increase 3.3% to CN¥2.97. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥5.23b and earnings per share (EPS) of CN¥3.00 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.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at CN¥68.54. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Bear Electric ApplianceLtd at CN¥78.25 per share, while the most bearish prices it at CN¥52.00. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's pretty clear that there is an expectation that Bear Electric ApplianceLtd's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 9.5% growth on an annualised basis. This is compared to a historical growth rate of 14% over the past five years. Compare this to the 113 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 9.9% per year. Factoring in the forecast slowdown in growth, it looks like Bear Electric ApplianceLtd is forecast to grow at about the same rate as the wider 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. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider 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 Bear Electric ApplianceLtd going out to 2026, and you can see them free on our platform here..

Even so, be aware that Bear Electric ApplianceLtd is showing 2 warning signs in our investment analysis , and 1 of those can't be ignored...

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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.