Sino-Platinum Metals Co.,Ltd Just Missed EPS By 8.1%: Here's What Analysts Think Will Happen Next

As you might know, Sino-Platinum Metals Co.,Ltd (SHSE:600459) last week released its latest annual, and things did not turn out so great for shareholders. Results look to have been somewhat negative - revenue fell 3.2% short of analyst estimates at CN¥45b, and statutory earnings of CN¥0.62 per share missed forecasts by 8.1%. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

View our latest analysis for Sino-Platinum MetalsLtd

Following the latest results, Sino-Platinum MetalsLtd's two analysts are now forecasting revenues of CN¥60.7b in 2024. This would be a sizeable 35% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to soar 28% to CN¥0.79. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥55.7b and earnings per share (EPS) of CN¥0.85 in 2024. Overall it looks as though the analysts were a bit mixed on the latest results. Although there was a a sizeable to revenue, the consensus also made a small dip in its earnings per share forecasts.

There's been no major changes to the price target of CN¥19.27, suggesting that the impact of higher forecast revenue and lower earnings won't result in a meaningful change to the business' valuation.

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. The analysts are definitely expecting Sino-Platinum MetalsLtd's growth to accelerate, with the forecast 35% annualised growth to the end of 2024 ranking favourably alongside historical growth of 20% 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 growth outlook is brighter than the recent past, the analysts also expect Sino-Platinum MetalsLtd to grow faster than the wider industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Sino-Platinum MetalsLtd. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than 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.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have analyst estimates for Sino-Platinum MetalsLtd going out as far as 2026, and you can see them free on our platform here.

And what about risks? Every company has them, and we've spotted 1 warning sign for Sino-Platinum MetalsLtd 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.