Dalrymple Bay Infrastructure Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Simply Wall St.08-30

Dalrymple Bay Infrastructure Limited (ASX:DBI) came out with its half-yearly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company ...

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Results were mixed, with revenues of AU$367m exceeding expectations, even as statutory earnings per share  fell badly short. Earnings were AU$0.07 per share, -28% short of analyst expectations. 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. We thought readers would find it interesting to see the analysts latest  post-earnings forecasts for next year.See our latest analysis for Dalrymple Bay Infrastructure. ASX:DBI Earnings and Revenue Growth August 29th 2024. The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Dalrymple Bay Infrastr","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DBI.AU":"DALRYMPLE BAY INFRASTRUCTURE"},"translate_title":"达尔林普尔湾基础设施有限公司盈利未达分析师预期：以下是分析师现在的预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DBI.AU":0.9},"content_text":"Dalrymple Bay Infrastructure Limited (ASX:DBI) came out with its half-yearly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. Results were mixed, with revenues of AU$367m exceeding expectations, even as statutory earnings per share (EPS) fell badly short. Earnings were AU$0.07 per share, -28% short of analyst expectations. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. \n See our latest analysis for Dalrymple Bay Infrastructure \n\n\n\n  ASX:DBI Earnings and Revenue Growth August 29th 2024\n \n\n Taking into account the latest results, the current consensus, from the four analysts covering Dalrymple Bay Infrastructure, is for revenues of AU$686.0m in 2024. This implies a noticeable 4.1% reduction in Dalrymple Bay Infrastructure's revenue over the past 12 months. Statutory earnings per share are predicted to climb 19% to AU$0.18. In the lead-up to this report, the analysts had been modelling revenues of AU$664.2m and earnings per share (EPS) of AU$0.19 in 2024. Overall it looks as though the analysts were a bit mixed on the latest results. Although there was a to revenue, the consensus also made a minor downgrade to its earnings per share forecasts. \n Curiously, the consensus price target rose 8.2% to AU$3.18. We can only conclude that the forecast revenue growth is expected to offset the impact of the expected fall in earnings. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Dalrymple Bay Infrastructure analyst has a price target of AU$3.40 per share, while the most pessimistic values it at AU$3.00. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth. \n Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 8.0% by the end of 2024. This indicates a significant reduction from annual growth of 19% over the last three years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 6.1% per year. It's pretty clear that Dalrymple Bay Infrastructure's revenues are expected to perform substantially worse than the wider industry. \nThe Bottom Line \n The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Dalrymple Bay Infrastructure. Fortunately, they also upgraded their revenue estimates, although our data indicates it is expected to perform worse than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time. \n Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Dalrymple Bay Infrastructure analysts - going out to 2026, and you can see them free on our platform here. \n Don't forget that there may still be risks. For instance, we've identified   2 warning signs for Dalrymple Bay Infrastructure (1 doesn't sit too well with us)  you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.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.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2463216130"}