Yantai Jereh Oilfield Services Group Future Growth

Future criteria checks 2/6

Yantai Jereh Oilfield Services Group is forecast to grow earnings and revenue by 12.4% and 11.5% per annum respectively. EPS is expected to grow by 13.2% per annum. Return on equity is forecast to be 13.3% in 3 years.

Key information

12.4%

Earnings growth rate

13.2%

EPS growth rate

Energy Services earnings growth	17.3%
Revenue growth rate	11.5%
Future return on equity	13.3%
Analyst coverage	Good
Last updated	29 Aug 2024

Recent future growth updates

Yantai Jereh Oilfield Services Group Co., Ltd. Just Beat Revenue Estimates By 5.2%

Apr 05

Recent updates

Yantai Jereh Oilfield Services Group (SZSE:002353) Is Experiencing Growth In Returns On Capital

Jul 30

Yantai Jereh Oilfield Services Group's (SZSE:002353) Upcoming Dividend Will Be Larger Than Last Year's

Jun 14

There Is A Reason Yantai Jereh Oilfield Services Group Co., Ltd.'s (SZSE:002353) Price Is Undemanding

Jun 11

Does Yantai Jereh Oilfield Services Group (SZSE:002353) Have A Healthy Balance Sheet?

May 27

Does Yantai Jereh Oilfield Services Group (SZSE:002353) Deserve A Spot On Your Watchlist?

Apr 25

Solid Earnings May Not Tell The Whole Story For Yantai Jereh Oilfield Services Group (SZSE:002353)

Apr 09

Yantai Jereh Oilfield Services Group Co., Ltd. Just Beat Revenue Estimates By 5.2%

Apr 05

Yantai Jereh Oilfield Services Group Co., Ltd.'s (SZSE:002353) Shares Bounce 26% But Its Business Still Trails The Market

Mar 06

Earnings and Revenue Growth Forecasts

SZSE:002353 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	17,547	3,360	N/A	3,120	7
12/31/2025	17,345	3,247	-216	2,267	13
12/31/2024	15,361	2,831	604	2,099	2
6/30/2024	13,449	2,500	1,155	2,620	N/A
3/31/2024	13,763	2,478	-300	1,135	N/A
12/31/2023	13,912	2,454	-662	1,049	N/A
9/30/2023	13,052	2,314	-1,375	171	N/A
6/30/2023	12,269	2,305	-1,323	516	N/A
3/31/2023	11,864	2,378	-179	1,802	N/A
1/1/2023	11,409	2,245	-520	1,008	N/A
9/30/2022	10,361	1,935	-216	1,005	N/A
6/30/2022	9,667	1,806	411	1,100	N/A
3/31/2022	9,167	1,525	176	533	N/A
1/1/2022	8,776	1,586	446	808	N/A
9/30/2021	8,399	1,722	905	1,180	N/A
6/30/2021	8,647	1,765	221	558	N/A
3/31/2021	8,375	1,746	129	539	N/A
12/31/2020	8,295	1,690	-235	315	N/A
9/30/2020	8,109	1,570	-492	137	N/A
6/30/2020	7,664	1,550	-78	592	N/A
3/31/2020	7,268	1,473	-472	126	N/A
12/31/2019	6,925	1,361	-279	233	N/A
9/30/2019	5,930	1,157	-1,228	-757	N/A
6/30/2019	5,446	929	-1,158	-817	N/A
3/31/2019	4,832	691	-800	-546	N/A
12/31/2018	4,597	615	-156	45	N/A
9/30/2018	4,045	382	-83	65	N/A
6/30/2018	3,617	224	89	222	N/A
3/31/2018	3,338	79	N/A	525	N/A
12/31/2017	3,187	68	N/A	444	N/A
9/30/2017	3,024	65	N/A	425	N/A
6/30/2017	2,797	44	N/A	340	N/A
3/31/2017	2,874	86	N/A	337	N/A
12/31/2016	2,834	121	N/A	346	N/A
9/30/2016	2,780	125	N/A	394	N/A
6/30/2016	2,937	151	N/A	174	N/A
3/31/2016	2,853	147	N/A	265	N/A
12/31/2015	2,827	145	N/A	69	N/A
9/30/2015	2,750	287	N/A	-190	N/A
6/30/2015	3,458	657	N/A	-331	N/A
3/31/2015	4,131	1,044	N/A	276	N/A
12/31/2014	4,461	1,200	N/A	458	N/A
9/30/2014	4,648	1,313	N/A	1,121	N/A
6/30/2014	4,326	1,217	N/A	1,287	N/A
3/31/2014	3,982	1,047	N/A	726	N/A
12/31/2013	3,700	985	N/A	510	N/A
9/30/2013	3,556	954	N/A	282	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002353's forecast earnings growth (12.4% per year) is above the savings rate (2.9%).

Earnings vs Market: 002353's earnings (12.4% per year) are forecast to grow slower than the CN market (17% per year).

High Growth Earnings: 002353's earnings are forecast to grow, but not significantly.

Revenue vs Market: 002353's revenue (11.5% per year) is forecast to grow faster than the CN market (10.5% per year).

High Growth Revenue: 002353's revenue (11.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 002353's Return on Equity is forecast to be low in 3 years time (13.3%).

Yantai Jereh Oilfield Services Group Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Yantai Jereh Oilfield Services Group Co., Ltd. Just Beat Revenue Estimates By 5.2%

Price target decreased by 8.8% to CN¥36.81

Price target decreased by 7.6% to CN¥39.06

Consensus EPS estimates fall by 10%

Price target decreased to CN¥49.61

Price target increased to CN¥51.46

Recent updates

Yantai Jereh Oilfield Services Group Co., Ltd. Announces Profit Distribution Proposal for the First Half of 2024

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Yantai Jereh Oilfield Services Group (SZSE:002353) Is Experiencing Growth In Returns On Capital

Yantai Jereh Oilfield Services Group Co., Ltd. to Report First Half, 2024 Results on Aug 21, 2024

Yantai Jereh Oilfield Services Group's (SZSE:002353) Upcoming Dividend Will Be Larger Than Last Year's

Dividend increased to CN¥0.49

There Is A Reason Yantai Jereh Oilfield Services Group Co., Ltd.'s (SZSE:002353) Price Is Undemanding

Does Yantai Jereh Oilfield Services Group (SZSE:002353) Have A Healthy Balance Sheet?

Does Yantai Jereh Oilfield Services Group (SZSE:002353) Deserve A Spot On Your Watchlist?

Solid Earnings May Not Tell The Whole Story For Yantai Jereh Oilfield Services Group (SZSE:002353)

New major risk - Earnings quality

Yantai Jereh Oilfield Services Group Co., Ltd. Just Beat Revenue Estimates By 5.2%

Yantai Jereh Oilfield Services Group Co., Ltd. Proposes Final Cash Dividend for 2023

Yantai Jereh Oilfield Services Group Co., Ltd., Annual General Meeting, May 07, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Yantai Jereh Oilfield Services Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024

Yantai Jereh Oilfield Services Group Co., Ltd.'s (SZSE:002353) Shares Bounce 26% But Its Business Still Trails The Market

Investor sentiment improves as stock rises 17%

Full year 2023 earnings released: EPS: CN¥2.41 (vs CN¥2.27 in FY 2022)

Yantai Jereh Oilfield Services Group Co., Ltd. (SZSE:002353) announces an Equity Buyback for CNY 250 million worth of its shares.

Yantai Jereh Oilfield Services Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 03, 2024

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased by 8.8% to CN¥36.81

Price target decreased by 7.6% to CN¥39.06

New major risk - Earnings quality

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Yantai Jereh Oilfield Services Group Co., Ltd. to Report First Half, 2023 Results on Aug 11, 2023

Yantai Jereh Oilfield Services Group Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on June 15, 2023

Jereh Unveils Low-Carbon Fracturing Solution at Cippe 2023

Yantai Jereh Oilfield Services Group Co., Ltd. Approves Cash Dividend for the Year 2022

Yantai Jereh Oilfield Services Group Co., Ltd. (SZSE:002353) announces an Equity Buyback for CNY 250 million worth of its shares.

Consensus EPS estimates fall by 10%

Full year 2022 earnings released: EPS: CN¥2.28 (vs CN¥1.66 in FY 2021)

Investor sentiment improved over the past week

Yantai Jereh Oilfield Services Group Co., Ltd. Elects Li Huitao as Non-Independent Director

High number of new directors

Third quarter 2022 earnings released: EPS: CN¥0.54 (vs CN¥0.40 in 3Q 2021)

Second quarter 2022 earnings released: EPS: CN¥0.80 (vs CN¥0.51 in 2Q 2021)

Price target decreased to CN¥49.61

Investor sentiment improved over the past week

Yantai Jereh Oilfield Services Group Co., Ltd. Approves Final Cash Dividend for the Year 2021, Payable on 17 May 2022

First quarter 2022 earnings: EPS misses analyst expectations

High number of new directors

Investor sentiment deteriorated over the past week

Yantai Jereh Oilfield Services Group Co., Ltd. Announces Profit Distribution Proposal for 2021

Full year 2021 earnings: EPS misses analyst expectations

Uniorange Internet Design Co., Ltd. agreed to acquire Jereh C-Create Technology Co., Ltd. from Yantai Jereh Oilfield Services Group Co., Ltd. (SZSE:002353) for CNY 3.7 million.

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.45 in 3Q 2020)

Price target increased to CN¥51.46

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS CN¥0.51 (vs CN¥0.49 in 2Q 2020)

Investor sentiment improved over the past week

Yantai Jereh Oilfield Services Group Co., Ltd. announced that it expects to receive CNY 2.5 billion in funding

First quarter 2021 earnings released: EPS CN¥0.29 (vs CN¥0.23 in 1Q 2020)

Full year 2020 earnings released: EPS CN¥1.77 (vs CN¥1.42 in FY 2019)

Investor sentiment deteriorated over the past week

Price target raised to CN¥44.19

Full year 2020 earnings released: EPS CN¥1.77 (vs CN¥1.42 in FY 2019)

Revenue and earnings beat expectations

Investor sentiment deteriorated over the past week

Yantai Jereh Oilfield Services Group Co., Ltd. to Report Fiscal Year 2020 Results on Apr 09, 2021

New 90-day high: CN¥56.60

New 90-day high: CN¥47.60

Investor sentiment improved over the past week

New 90-day high: CN¥38.27

New 90-day high: CN¥37.25

New 90-day high: CN¥35.70

Market bids up stock over the past week