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It's been a sad week for Xpediator Plc (LON:XPD), who've watched their investment drop 18% to UK£0.41 in the week since the company reported its full-year result. It looks like a pretty bad result, all things considered. Although revenues of UK£297m were in line with analyst predictions, statutory earnings fell badly short, missing estimates by 90% to hit UK£0.0029 per share. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Xpediator after the latest results.
See our latest analysis for Xpediator
Taking into account the latest results, the current consensus, from the dual analysts covering Xpediator, is for revenues of UK£283.9m in 2022, which would reflect a discernible 4.3% reduction in Xpediator's sales over the past 12 months. Statutory earnings per share are predicted to leap 1,043% to UK£0.034. Yet prior to the latest earnings, the analysts had been anticipated revenues of UK£283.9m and earnings per share (EPS) of UK£0.034 in 2022. 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.
The analysts reconfirmed their price target of UK£0.90, showing that the business is executing well and in line with expectations.
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that sales are expected to reverse, with a forecast 4.3% annualised revenue decline to the end of 2022. That is a notable change from historical growth of 22% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 1.9% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Xpediator is expected to lag 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 analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting sales are tracking in line with expectations - although our data does suggest that Xpediator's revenues are expected to perform worse than the wider industry. The consensus price target held steady at UK£0.90, with the latest estimates not enough to have an impact on their price targets.