Wuhan Raycus Fiber Laser Technologies Co.,Ltd. (SZSE:300747) Analysts Just Slashed This Year's Revenue Estimates By 13%

One thing we could say about the analysts on Wuhan Raycus Fiber Laser Technologies Co.,Ltd. (SZSE:300747) - they aren't optimistic, having just made a major negative revision to their near-term (statutory) forecasts for the organization. This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative.

Following the downgrade, the latest consensus from Wuhan Raycus Fiber Laser TechnologiesLtd's six analysts is for revenues of CN¥3.9b in 2024, which would reflect a notable 12% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing CN¥4.5b of revenue in 2024. It looks like forecasts have become a fair bit less optimistic on Wuhan Raycus Fiber Laser TechnologiesLtd, given the measurable cut to revenue estimates.

View our latest analysis for Wuhan Raycus Fiber Laser TechnologiesLtd

The consensus price target fell 21% to CN¥18.29, with the analysts clearly less optimistic about Wuhan Raycus Fiber Laser TechnologiesLtd's valuation following this update.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Wuhan Raycus Fiber Laser TechnologiesLtd's past performance and to peers in the same industry. The analysts are definitely expecting Wuhan Raycus Fiber Laser TechnologiesLtd's growth to accelerate, with the forecast 26% annualised growth to the end of 2024 ranking favourably alongside historical growth of 15% 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 18% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Wuhan Raycus Fiber Laser TechnologiesLtd is expected to grow much faster than its industry.

The Bottom Line

The most important thing to take away is that analysts cut their revenue estimates for this year. The analysts also expect revenues to grow faster than the wider market. Furthermore, there was a cut to the price target, suggesting that the latest news has led to more pessimism about the intrinsic value of the business. Given the stark change in sentiment, we'd understand if investors became more cautious on Wuhan Raycus Fiber Laser TechnologiesLtd after today.

Hungry for more information? We have estimates for Wuhan Raycus Fiber Laser TechnologiesLtd from its six analysts out until 2026, and you can see them free on our platform here.

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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.