Anji Microelectronics Technology (Shanghai) Co., Ltd. Beat Revenue Forecasts By 13%: Here's What Analysts Are Forecasting Next

As you might know, Anji Microelectronics Technology (Shanghai) Co., Ltd. (SHSE:688019) just kicked off its latest first-quarter results with some very strong numbers. Anji Microelectronics Technology (Shanghai) beat expectations, with revenue hitting CN¥378m (13% ahead of estimates) and EPS reaching CN¥1.06 (a 7.1% beat). 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Check out our latest analysis for Anji Microelectronics Technology (Shanghai)

Following the latest results, Anji Microelectronics Technology (Shanghai)'s six analysts are now forecasting revenues of CN¥1.64b in 2024. This would be a major 22% improvement in revenue compared to the last 12 months. Statutory per-share earnings are expected to be CN¥4.43, roughly flat on the last 12 months. Before this earnings report, the analysts had been forecasting revenues of CN¥1.63b and earnings per share (EPS) of CN¥4.69 in 2024. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a small dip in their earnings per share forecasts.

It might be a surprise to learn that the consensus price target was broadly unchanged at CN¥176, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. 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. There are some variant perceptions on Anji Microelectronics Technology (Shanghai), with the most bullish analyst valuing it at CN¥191 and the most bearish at CN¥157 per share. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Anji Microelectronics Technology (Shanghai)'s past performance and to peers in the same industry. We can infer from the latest estimates that forecasts expect a continuation of Anji Microelectronics Technology (Shanghai)'shistorical trends, as the 30% annualised revenue growth to the end of 2024 is roughly in line with the 34% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 23% per year. So although Anji Microelectronics Technology (Shanghai) is expected to maintain its revenue growth rate, it's definitely expected 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 Anji Microelectronics Technology (Shanghai). Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at CN¥176, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on Anji Microelectronics Technology (Shanghai). Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Anji Microelectronics Technology (Shanghai) going out to 2026, and you can see them free on our platform here..

Even so, be aware that Anji Microelectronics Technology (Shanghai) 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.