Analysts released a financial statement on Premier Financial Corp’s annual report. (NASDAQ:PFC)
Shareholders may have noticed that Premier Financial Corp. (NASDAQ:PFC) filed its annual result this time last week. The early response was not positive, with shares down 2.2% at US$28.89 last week. It was a fairly mixed result, with revenue beating expectations to hit $314 million. Statutory earnings fell 2.0% from analysts’ forecasts to US$3.39 per share. Earnings are an important time for investors because they can follow a company’s performance, watch what analysts predict for the next year, and see if there has been a change in sentiment towards the company. So we’ve collected the latest post-earnings statutory consensus estimates to see what might be in store for next year.
Given the latest results, the current consensus, from the four analysts covering Premier Financial, is for revenue of $298.2 million in 2022, which would reflect a notable 5.2% reduction in Premier Financial’s sales over the past few years. last 12 months. Statutory earnings per share are expected to decline 16% to US$2.86 over the same period. Looking ahead to this report, analysts had modeled revenue of US$297.8 million and earnings per share (EPS) of US$2.88 in 2022. So it’s pretty clear that while analysts have updated their estimates, there were no major changes. changing expectations for the company following the latest results.
Analysts reconfirmed their price target of US$34.50, showing that the company is doing well and in line with expectations. Fixing on a single price target, however, can be unwise, as the consensus target is actually the average of the analysts’ price targets. As a result, some investors like to look at the range of estimates to see if there are any differing opinions on the company’s valuation. Currently, the most bullish analyst values Premier Financial at $37.00 per share, while the most bearish one values it at $31.00. The low dispersion of estimates could suggest that the company’s future is relatively easy to assess, or that analysts have a strong opinion on its prospects.
Another way to view these estimates is in the context of the big picture, such as how the forecast compares to past performance, and whether the forecast is more or less optimistic compared to other companies in the industry. These estimates imply that sales are expected to slow, with annualized revenue expected to fall by 5.2% by the end of 2022. This indicates a significant reduction from the annual growth of 23% over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are expected to see revenue declines of 1.7% per year for the foreseeable future. Forecasts look bearish for Premier Financial as they expect it to contract faster than the industry.
The most obvious conclusion is that there has been no major shift in the company’s outlook lately, with analysts holding their earnings forecast flat, in line with previous estimates. They also haven’t made any changes to their revenue estimates, implying that the company shouldn’t suffer a major impact on the sales trajectory in the near term, although sales are expected to follow the broader industry. . There was no real change from the consensus price target, suggesting that the company’s intrinsic value has not undergone major changes with the latest estimates.
With that in mind, we still believe the longer-term trajectory of the company is much more important for investors to consider. We have predictions for Premier Financial through 2023, and you can view them for free on our platform here.
Remember that there may still be risks. For example, we have identified 2 warning signs for Premier Financial (1 should not be ignored) which you should be aware of.
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