Tianrun Industry Technology Co., Ltd. (SZSE:002283) recently reported disappointing full-year results that may impact the market’s perception of the stock. The company missed analyst expectations with revenues of CN¥4.0b and statutory EPS of CN¥0.35, falling short by 5.1% and 5.4% respectively. Analysts have adjusted their forecasts accordingly, with a consensus estimate projecting revenues of CN¥4.60b and EPS of CN¥0.46 for 2024. This represents a 15% revenue increase and a 34% EPS growth compared to the previous year.
Despite the positive outlook, the consensus price target for Tianrun Industry Technology has decreased by 15%, reflecting concerns about the company’s future earnings. While the company is expected to experience accelerated growth, it still lags behind the industry average.
In conclusion, analysts have downgraded their projections for Tianrun Industry Technology, signaling a decline in sentiment following the latest results. It is important to consider the long-term prospects of the company, as well as potential investment risks. For a more detailed analysis of Tianrun Industry Technology’s valuation and performance, including fair value estimates and insider transactions, you can access our free analysis on our platform.
For feedback or concerns about this article, feel free to reach out to us directly or email our editorial team. Please note that our articles are based on historical data and analyst forecasts, and are not intended as financial advice. We aim to provide unbiased analysis driven by fundamental data to inform our readers. Simply Wall St has no position in any stocks mentioned.
Read More Technology News
