Haitian International Holdings Limited (HKG:1882) Just Reported Half-Year Earnings: Have Analysts Changed Their Mind On The Stock?

Haitian International Holdings Limited (HKG:1882) investors will be delighted, with the company turning in some strong numbers with its latest results. The company beat expectations with revenues of CN¥8.0b arriving 3.7% ahead of forecasts. Statutory earnings per share (EPS) were CN¥0.95, 3.3% ahead of estimates. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

See our latest analysis for Haitian International Holdings

Taking into account the latest results, the consensus forecast from Haitian International Holdings' eleven analysts is for revenues of CN¥15.8b in 2024. This reflects a satisfactory 7.2% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to accumulate 9.0% to CN¥1.90. In the lead-up to this report, the analysts had been modelling revenues of CN¥15.9b and earnings per share (EPS) of CN¥1.91 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.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at HK$28.95. 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 Haitian International Holdings, with the most bullish analyst valuing it at HK$33.30 and the most bearish at HK$24.29 per share. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

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 Haitian International Holdings' growth to accelerate, with the forecast 15% annualised growth to the end of 2024 ranking favourably alongside historical growth of 6.2% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 12% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Haitian International Holdings 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. 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.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Haitian International Holdings going out to 2026, and you can see them free on our platform here.

We also provide an overview of the Haitian International Holdings Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, 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.