Sasseur Real Estate Investment Trust Earnings Missed Analyst Estimates: Here’s What Analysts Are Forecasting Now
As you may know, Sasseur Real Estate Investment Trust (SGX: CRPU) recently reported its full year results. Revenues of S $ 125 million exceeded estimates by 5.4%, although statutory earnings per share fell short of S $ 0.039 per share, 29% below expectations. The outcome is an important time for investors as they can track a company’s performance, review analysts’ predictions for the next year, and see if sentiment toward the company has changed. We thought readers would find it interesting to see the latest (legal) post-earnings forecasts from analysts for the next year.
Check out our latest analysis for Sasseur Real Estate Investment Trust
SGX: CRPU earnings and revenue growth Feb 28, 2021
According to last week’s earnings report, the five analysts at Sasseur Real Estate Investment Trust forecast sales of S $ 125.8 million in 2021, which roughly corresponds to the last 12 months. Earnings per share are projected to increase 52% to S $ 0.059. Prior to this report, the analysts had modeled sales of S $ 126.5 million and earnings per share (EPS) of S $ 0.059 in 2021. So it’s pretty clear that while analysts updated their estimates, there hasn’t been a major change in expectations for the business based on the latest results.
The analysts reaffirmed their target price of S $ 0.94 and showed that business is going well and in line with expectations. There is another way to think about price targets, however, and that is based on the price targets suggested by analysts, as a wide range of estimates could suggest a different view of possible outcomes for the company. The Sasseur Real Estate Investment Trust has a few different perceptions, with the most bullish analyst rating it at S $ 1.00 and the most bearish at S $ 0.89 per share. With such a narrow range of valuations, it seems that analysts share similar views on what they think the business is worth.
Now, looking at the bigger picture, one of the ways we can understand these projections is by seeing how they measure up against both past performance estimates and industry growth estimates. We would like to point out that Sasseur Real Estate Investment Trust’s revenue growth is expected to slow. An increase of 0.4% is forecast for the next year, which is well below the historical growth of 6.2% last year. Compare this to other companies (with analyst projections) in the industry that are expected to see total revenue growth of 8.2% over the next year. Given the projected slowdown in growth, it seems obvious that the Sasseur Real Estate Investment Trust will also grow more slowly than other industry players.
The bottom line
The most important thing is that the mood hasn’t changed much. The analysts reaffirm that business is performing in line with their earlier earnings per share estimates. On the positive side, there were no significant changes in the sales estimates. However, forecasts assume that revenue will perform worse than the industry as a whole. The consensus price target hasn’t really changed, which suggests that the intrinsic value of the business hasn’t changed much with the latest estimates.
With that in mind, we believe that the long-term outlook for the business is far more relevant than next year’s earnings. On Simply Wall Street we have a full range of analyst estimates for the Sasseur Real Estate Investment Trust that will be released through 2023. You can view them here free of charge on our platform.
You should also learn about that as well 4 warning signs We met with the Sasseur Real Estate Investment Trust (including one that doesn’t suit us very well).
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