Analysts Have Made A Financial Statement On Catcher Technology Co., Ltd.'s (TWSE:2474) Third-Quarter Report

Shareholders might have noticed that Catcher Technology Co., Ltd. (TWSE:2474) filed its quarterly result this time last week. The early response was not positive, with shares down 6.9% to NT$216 in the past week. Revenues came in 3.9% below expectations, at NT$5.1b. Statutory earnings per share were relatively better off, with a per-share profit of NT$13.32 being roughly in line with analyst 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

View our latest analysis for Catcher Technology

Taking into account the latest results, the consensus forecast from Catcher Technology's five analysts is for revenues of NT$21.2b in 2025. This reflects a sizeable 26% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to rise 7.0% to NT$13.74. Yet prior to the latest earnings, the analysts had been anticipated revenues of NT$21.9b and earnings per share (EPS) of NT$13.52 in 2025. 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 average price target was steady at NT$216even though revenue estimates declined; likely suggesting the analysts place a higher value on earnings. 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. There are some variant perceptions on Catcher Technology, with the most bullish analyst valuing it at NT$240 and the most bearish at NT$185 per share. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. One thing stands out from these estimates, which is that Catcher Technology is forecast to grow faster in the future than it has in the past, with revenues expected to display 21% annualised growth until the end of 2025. If achieved, this would be a much better result than the 38% annual decline over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 21% annually. So while Catcher Technology's revenues are expected to improve, it seems that it is expected to grow at about the same rate as the overall 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 analysts holding their earnings forecasts steady, in line with previous estimates. They also downgraded their revenue estimates, although as we saw earlier, forecast growth is only expected to be about the same as the wider industry. Even so, earnings are more important to the intrinsic value of the business. The consensus price target held steady at NT$216, with the latest estimates not enough to have an impact on their price targets.

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 forecasts for Catcher Technology going out to 2026, and you can see them free on our platform here.

However, before you get too enthused, we've discovered 1 warning sign for Catcher Technology that you should be aware of.

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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.