Haitian International Holdings Limited Just Missed EPS By 6.6%: Here's What Analysts Think Will Happen Next
Last week, you might have seen that Haitian International Holdings Limited (HKG:1882) released its interim result to the market. The early response was not positive, with shares down 9.4% to HK$18.27 in the past week. It looks like the results were a bit of a negative overall. While revenues of CN¥9.1b were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 6.6% to hit CN¥0.99 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Taking into account the latest results, the most recent consensus for Haitian International Holdings from seven analysts is for revenues of CN¥18.4b in 2026. If met, it would imply an okay 3.0% increase on its revenue over the past 12 months. Statutory per share are forecast to be CN¥2.01, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥19.1b and earnings per share (EPS) of CN¥2.23 in 2026. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a small dip in earnings per share estimates.
Check out our latest analysis for Haitian International Holdings
It'll come as no surprise then, to learn that the analysts have cut their price target 9.5% to HK$23.77. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Haitian International Holdings at HK$27.01 per share, while the most bearish prices it at HK$20.00. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Haitian International Holdings shareholders.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that Haitian International Holdings' rate of growth is expected to accelerate meaningfully, with the forecast 6.2% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 4.9% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 13% per year. So it's clear that despite the acceleration in growth, Haitian International Holdings is expected to grow meaningfully slower than the industry average.
The Bottom Line
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Haitian International Holdings. On the negative side, they also downgraded their revenue estimates, and forecasts imply they will perform worse than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Haitian International Holdings' future valuation.
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 Haitian International Holdings analysts - going out to 2028, and you can see them free on our platform here.
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Haitian International Holdings that you should be aware of.
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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.