NAURA Technology Group Co., Ltd. Just Recorded A 8.3% Revenue Beat: Here's What Analysts Think

It's been a good week for NAURA Technology Group Co., Ltd. (SZSE:002371) shareholders, because the company has just released its latest quarterly results, and the shares gained 4.1% to CN¥319. It was a workmanlike result, with revenues of CN¥5.9b coming in 8.3% ahead of expectations, and statutory earnings per share of CN¥2.12, in line with analyst appraisals. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on NAURA Technology Group after the latest results.

See our latest analysis for NAURA Technology Group

Taking into account the latest results, the current consensus from NAURA Technology Group's 19 analysts is for revenues of CN¥30.5b in 2024. This would reflect a huge 27% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to leap 27% to CN¥10.64. Before this earnings report, the analysts had been forecasting revenues of CN¥29.0b and earnings per share (EPS) of CN¥10.41 in 2024. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.

Despite these upgrades,the analysts have not made any major changes to their price target of CN¥386, suggesting that the higher estimates are not likely to have a long term impact on what the stock is worth. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on NAURA Technology Group, with the most bullish analyst valuing it at CN¥428 and the most bearish at CN¥302 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 37% growth on an annualised basis. That is in line with its 39% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 23% annually. So it's pretty clear that NAURA Technology Group is forecast to grow substantially faster than its industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards NAURA Technology Group following these results. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. The consensus price target held steady at CN¥386, with the latest estimates not enough to have an impact on their price targets.

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 NAURA Technology Group going out to 2026, and you can see them free on our platform here..

You can also see our analysis of NAURA Technology Group's Board and CEO remuneration and experience, and whether company insiders have been buying stock.

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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.