Revenue Beat: Yintai Gold Co., Ltd. Beat Analyst Estimates By 8.2%

Shareholders might have noticed that Yintai Gold Co., Ltd. (SZSE:000975) filed its quarterly result this time last week. The early response was not positive, with shares down 4.5% to CN¥18.44 in the past week. Results overall were respectable, with statutory earnings of CN¥0.51 per share roughly in line with what the analysts had forecast. Revenues of CN¥2.8b came in 8.2% ahead of analyst predictions. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

Check out our latest analysis for Yintai Gold

Taking into account the latest results, the most recent consensus for Yintai Gold from eleven analysts is for revenues of CN¥9.94b in 2024. If met, it would imply a solid 14% increase on its revenue over the past 12 months. Per-share earnings are expected to shoot up 22% to CN¥0.72. Before this earnings report, the analysts had been forecasting revenues of CN¥9.89b and earnings per share (EPS) of CN¥0.69 in 2024. So the consensus seems to have become somewhat more optimistic on Yintai Gold's earnings potential following these results.

The consensus price target was unchanged at CN¥19.08, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. 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. The most optimistic Yintai Gold analyst has a price target of CN¥21.50 per share, while the most pessimistic values it at CN¥16.65. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting Yintai Gold's growth to accelerate, with the forecast 20% annualised growth to the end of 2024 ranking favourably alongside historical growth of 11% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 9.6% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Yintai Gold to grow faster than the wider industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Yintai Gold's earnings potential next year. Happily, there were no major changes to revenue forecasts, with the business still expected 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. At Simply Wall St, we have a full range of analyst estimates for Yintai Gold going out to 2026, and you can see them free on our platform here..

It is also worth noting that we have found 1 warning sign for Yintai Gold that you need to take into consideration.

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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.