One Analyst Just Shaved Their CBAK Energy Technology, Inc. (NASDAQ:CBAT) Forecasts Dramatically

Simply Wall St.11-16

The analyst covering CBAK Energy Technology, Inc. (NASDAQ:CBAT) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for next year. Both ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483519817?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/OB1nfJ1XGlebSq696rWQeQ--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/16016486ecb815bcffeea7a1908fff4e","is_english":true,"pubTime":"2024-11-16 21:18","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2483519817","market":"us","top_or_hot":-1,"title":"One Analyst Just Shaved Their CBAK Energy Technology, Inc. (NASDAQ:CBAT) Forecasts Dramatically","media":"Simply Wall St.","content":"<div>\n<p>The analyst covering CBAK Energy Technology, Inc. (NASDAQ:CBAT) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for next year. Both ...</p>\n\n<a href=\"https://finance.yahoo.com/news/one-analyst-just-shaved-cbak-131803219.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>One Analyst Just Shaved Their CBAK Energy Technology, Inc. (NASDAQ:CBAT) Forecasts Dramatically</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOne Analyst Just Shaved Their CBAK Energy Technology, Inc. (NASDAQ:CBAT) Forecasts Dramatically\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-16 21:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/one-analyst-just-shaved-cbak-131803219.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The analyst covering CBAK Energy Technology, Inc. (NASDAQ:CBAT) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for next year. Both ...</p>\n\n<a href=\"https://finance.yahoo.com/news/one-analyst-just-shaved-cbak-131803219.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B64PRP62.GBP","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/one-analyst-just-shaved-cbak-131803219.html","article_id":"2483519817","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/OB1nfJ1XGlebSq696rWQeQ--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/16016486ecb815bcffeea7a1908fff4e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483519817","pubTimestamp":1731763083,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The analyst covering CBAK Energy Technology, Inc.  delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for next year. Both revenue and earnings per share  estimates were cut sharply as the analyst factored in the latest outlook for the business, concluding that they were too optimistic previously.After this downgrade, CBAK Energy Technology's solo analyst is now forecasting revenues of US$229m in 2025. This would be a meaningful 10% improvement in sales compared to the last 12 months. Statutory earnings per share are supposed to sink 14% to US$0.11 in the same period. Before this latest update, the analyst had been forecasting revenues of US$256m and earnings per share  of US$0.33 in 2025. Indeed, we can see that the analyst is a lot more bearish about CBAK Energy Technology's prospects, administering a measurable cut to revenue estimates and slashing their EPS estimates to boot.Check out our latest analysis for CBAK Energ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","SQQQ":"纳指三倍做空ETF","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","BK4588":"碎股","QLD":"纳指两倍做多ETF","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","PSQ":"纳指反向ETF","CBAT":"中比能源",".IXIC":"NASDAQ Composite","NDAQ":"纳斯达克OMX交易所","BK4096":"电气部件与设备","TQQQ":"纳指三倍做多ETF","BK4112":"金融交易所和数据","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","QID":"纳指两倍做空ETF","BK4585":"ETF&股票定投概念","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC"},"translate_title":"一位分析师刚刚大幅下调了CBAK能源技术公司（纳斯达克股票代码：CBAT）的预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CBAT":1,"NDAQ":1,".IXIC":1,"TQQQ":0.6,"SQQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"The analyst covering CBAK Energy Technology, Inc. (NASDAQ:CBAT) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for next year. Both revenue and earnings per share (EPS) estimates were cut sharply as the analyst factored in the latest outlook for the business, concluding that they were too optimistic previously. \n After this downgrade, CBAK Energy Technology's solo analyst is now forecasting revenues of US$229m in 2025. This would be a meaningful 10% improvement in sales compared to the last 12 months. Statutory earnings per share are supposed to sink 14% to US$0.11 in the same period. Before this latest update, the analyst had been forecasting revenues of US$256m and earnings per share (EPS) of US$0.33 in 2025. Indeed, we can see that the analyst is a lot more bearish about CBAK Energy Technology's prospects, administering a measurable cut to revenue estimates and slashing their EPS estimates to boot. \n Check out our latest analysis for CBAK Energy Technology \n\n\n\n  NasdaqCM:CBAT Earnings and Revenue Growth November 16th 2024\n \n\n The consensus price target fell 20% to US$2.00, with the weaker earnings outlook clearly leading analyst valuation estimates. \n 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. It's pretty clear that there is an expectation that CBAK Energy Technology's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 8.3% growth on an annualised basis. This is compared to a historical growth rate of 43% over the past five years. Compare this to the 131 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 8.8% per year. So it's pretty clear that, while CBAK Energy Technology's revenue growth is expected to slow, it's expected to grow roughly in line with the industry. \nThe Bottom Line \n The most important thing to take away is that the analyst cut their earnings per share estimates, expecting a clear decline in business conditions. Lamentably, they also downgraded their sales forecasts, but the business is still expected to grow at roughly the same rate as the market itself. Given the scope of the downgrades, it would not be a surprise to see the market become more wary of the business. \n With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At least one analyst has provided forecasts out to 2026, which can be seen for free  on our platform here. \n Another way to search for interesting companies that could be  reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders. \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":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"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":"4.29.3","shortVersion":"4.29.3","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/2483519817"}