Sino Land Company Limited (HKG:83) Analysts Just Slashed This Year's Revenue Estimates By 12%

Today is shaping up negative for Sino Land Company Limited (HKG:83) shareholders, with the analysts delivering a substantial negative revision to this year's forecasts. There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic.

Following the latest downgrade, Sino Land's nine analysts currently expect revenues in 2023 to be HK$16b, approximately in line with the last 12 months. Before the latest update, the analysts were foreseeing HK$18b of revenue in 2023. The consensus view seems to have become more pessimistic on Sino Land, noting the substantial drop in revenue estimates in this update.

View our latest analysis for Sino Land

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Sino Land's past performance and to peers in the same industry. We would highlight that Sino Land's revenue growth is expected to slow, with the forecast 0.4% annualised growth rate until the end of 2023 being well below the historical 15% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 8.6% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Sino Land.

The Bottom Line

The most important thing to take away is that analysts cut their revenue estimates for this year. They're also anticipating slower revenue growth than the wider market. Given the stark change in sentiment, we'd understand if investors became more cautious on Sino Land after today.

Of course, this isn't the full story. We have estimates for Sino Land from its nine analysts out until 2025, and you can see them free on our platform here.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are downgrading their estimates. So you may also wish to search this free list of stocks that insiders are buying.

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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.