EHang Holdings Limited (NASDAQ:EH) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
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EHang Holdings Limited (NASDAQ:EH) investors will be delighted, with the company turning in some strong numbers with its latest results. Revenues of CN¥128m were better than expected, some 13% ahead of forecasts. The company still lost a statutory CN¥0.70 per share, although the losses were 18% smaller than the analysts expected. 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've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Check out our latest analysis for EHang Holdings
Taking into account the latest results, the most recent consensus for EHang Holdings from ten analysts is for revenues of CN¥826.2m in 2025. If met, it would imply a sizeable 137% increase on its revenue over the past 12 months. Before this latest report, the consensus had been expecting revenues of CN¥826.2m and CN¥0.45 per share in losses. Overall, while the analysts have reconfirmed their revenue estimates, the consensus now no longer provides an EPS estimate. This implies that the market believes revenue is more important after these latest results.
There's been no real change to the consensus price target of US$23.86, with EHang Holdings seemingly executing in line with expectations. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values EHang Holdings at US$32.95 per share, while the most bearish prices it at US$17.00. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.
Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting EHang Holdings' growth to accelerate, with the forecast 99% annualised growth to the end of 2025 ranking favourably alongside historical growth of 7.0% per annum 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 4.5% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect EHang Holdings to grow faster than the wider industry.