Earnings Update: AirTAC International Group (TWSE:1590) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

The annual results for AirTAC International Group (TWSE:1590) were released last week, making it a good time to revisit its performance. Results were roughly in line with estimates, with revenues of NT$30b and statutory earnings per share of NT$34.81. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for AirTAC International Group

Taking into account the latest results, the most recent consensus for AirTAC International Group from 16 analysts is for revenues of NT$34.0b in 2024. If met, it would imply a notable 14% increase on its revenue over the past 12 months. Per-share earnings are expected to step up 18% to NT$41.10. Before this earnings report, the analysts had been forecasting revenues of NT$34.0b and earnings per share (EPS) of NT$40.89 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 NT$1,213. 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. The most optimistic AirTAC International Group analyst has a price target of NT$1,350 per share, while the most pessimistic values it at NT$960. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 14% growth on an annualised basis. That is in line with its 15% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 13% annually. It's clear that while AirTAC International Group's revenue growth is expected to continue on its current trajectory, it's only expected to grow in line with the industry itself.

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 real changes to revenue forecasts, with the business still expected to grow in line with the overall 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. We have forecasts for AirTAC International Group going out to 2026, and you can see them free on our platform here.

You can also see whether AirTAC International Group is carrying too much debt, and whether its balance sheet is healthy, for 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.