Results: AMPACS Corporation Delivered A Surprise Loss And Now Analysts Have New Forecasts

Shareholders of AMPACS Corporation (TWSE:6743) will be pleased this week, given that the stock price is up 11% to NT$51.50 following its latest full-year results. Things were not great overall, with a surprise (statutory) loss of NT$0.05 per share on revenues of NT$3.9b, even though the analyst had been expecting a profit. This is an important time for investors, as they can track a company's performance in its report, look at what expert is forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analyst has changed their mind on AMPACS after the latest results.

View our latest analysis for AMPACS

After the latest results, the sole analyst covering AMPACS are now predicting revenues of NT$7.06b in 2024. If met, this would reflect a huge 83% improvement in revenue compared to the last 12 months. Earnings are expected to improve, with AMPACS forecast to report a statutory profit of NT$4.41 per share. Before this earnings report, the analyst had been forecasting revenues of NT$7.35b and earnings per share (EPS) of NT$4.36 in 2024. The consensus seems maybe a little more pessimistic, trimming their revenue forecasts after the latest results even though there was no change to its EPS estimates.

The consensus price target rose 40% to NT$70.00, with the analyst apparently satisfied with the business performance despite lower revenue forecasts.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The analyst is definitely expecting AMPACS' growth to accelerate, with the forecast 83% annualised growth to the end of 2024 ranking favourably alongside historical growth of 9.3% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 6.9% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analyst also expect AMPACS to grow faster than the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analyst holding their earnings forecasts steady, in line with previous estimates. They also downgraded AMPACS' revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. With that said, earnings are more important to the long-term value of the business. There was also a nice increase in the price target, with the analyst clearly feeling that the intrinsic value of the business is improving.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for AMPACS going out as far as 2025, and you can see them free on our platform here.

Plus, you should also learn about the 1 warning sign we've spotted with AMPACS .

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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.