Tripod Technology Corporation (TWSE:3044) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

It's been a pretty great week for Tripod Technology Corporation (TWSE:3044) shareholders, with its shares surging 15% to NT$225 in the week since its latest quarterly results. Results were roughly in line with estimates, with revenues of NT$15b and statutory earnings per share of NT$3.50. 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.

See our latest analysis for Tripod Technology

Taking into account the latest results, the consensus forecast from Tripod Technology's four analysts is for revenues of NT$66.4b in 2024. This reflects a solid 11% improvement in revenue compared to the last 12 months. Per-share earnings are expected to leap 23% to NT$15.83. In the lead-up to this report, the analysts had been modelling revenues of NT$65.2b and earnings per share (EPS) of NT$15.05 in 2024. So the consensus seems to have become somewhat more optimistic on Tripod Technology's earnings potential following these results.

The consensus price target was unchanged at NT$268, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Tripod Technology, with the most bullish analyst valuing it at NT$305 and the most bearish at NT$199 per share. 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.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Tripod Technology's past performance and to peers in the same industry. It's clear from the latest estimates that Tripod Technology's rate of growth is expected to accelerate meaningfully, with the forecast 15% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 3.6% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 11% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Tripod Technology is expected to grow much faster than its industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Tripod Technology following these results. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at NT$268, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on Tripod Technology. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Tripod Technology going out to 2026, and you can see them free on our platform here..

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

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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.