Range Intelligent Computing Technology Group Company Limited (SZSE:300442) Just Released Its Full-Year Earnings: Here's What Analysts Think

It's been a good week for Range Intelligent Computing Technology Group Company Limited (SZSE:300442) shareholders, because the company has just released its latest full-year results, and the shares gained 2.2% to CN¥28.40. Range Intelligent Computing Technology Group reported in line with analyst predictions, delivering revenues of CN¥4.4b and statutory earnings per share of CN¥1.03, suggesting the business is executing well and in line with its plan. 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 Range Intelligent Computing Technology Group

After the latest results, the six analysts covering Range Intelligent Computing Technology Group are now predicting revenues of CN¥6.11b in 2024. If met, this would reflect a substantial 41% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to shoot up 32% to CN¥1.35. Before this earnings report, the analysts had been forecasting revenues of CN¥6.04b and earnings per share (EPS) of CN¥1.34 in 2024. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

There were no changes to revenue or earnings estimates or the price target of CN¥32.52, suggesting that the company has met expectations in its recent result. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Range Intelligent Computing Technology Group at CN¥35.04 per share, while the most bearish prices it at CN¥30.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Range Intelligent Computing Technology Group's rate of growth is expected to accelerate meaningfully, with the forecast 41% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 27% p.a. 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 19% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Range Intelligent Computing Technology Group to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is 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 Range Intelligent Computing Technology Group going out to 2026, and you can see them free on our platform here..

You still need to take note of risks, for example - Range Intelligent Computing Technology Group has 4 warning signs (and 2 which are a bit unpleasant) we think 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.