As you might know, Sino Land Company Limited (HKG:83) just kicked off its latest half-yearly results with some very strong numbers. Sino Land delivered a significant beat to revenue and earnings per share (EPS) expectations, with sales hitting HK$3.2b, some 12% above indicated. Statutory EPS were HK$0.40, an impressive 21% ahead of forecasts. Earnings are an important time for investors, as they can track a company's performance, look at what top analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Check out our latest analysis for Sino Land

Taking into account the latest results, the current consensus from Sino Land's eleven analysts is for revenues of HK$8.07b in 2020, which would reflect a huge 23% increase on its sales over the past 12 months. Statutory earnings per share are forecast to nosedive 25% to HK$0.72 in the same period. In the lead-up to this report, analysts had been modelling revenues of HK$7.55b and earnings per share (EPS) of HK$0.75 in 2020. So it's pretty clear consensus is mixed on Sino Land after the latest results; while analysts lifted revenue numbers, they also administered a minor downgrade to per-share earnings expectations.

The consensus price target was unchanged at HK$12.59, suggesting the business is performing roughly in line with expectations, despite some adjustments to profit and revenue forecasts. The consensus price target just an average of individual analyst targets, so - considering that the price target changed, it would be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Sino Land, with the most bullish analyst valuing it at HK$15.20 and the most bearish at HK$10.50 per share. This shows there is still quite a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

It can also be useful to step back and take a broader view of how analyst forecasts compare to Sino Land's performance in recent years. For example, we noticed that Sino Land's rate of growth is expected to accelerate meaningfully, with revenues forecast to grow at 23%, well above its historical decline of 16% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the market are forecast to see their revenue grow 16% per year. Although Sino Land's revenues are expected to improve, it seems that analysts are also expecting it to grow faster than the wider market.

The Bottom Line

The most important thing to take away is that analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Fortunately, they also upgraded their revenue estimates, and are forecasting revenues to grow faster than the wider market. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. At Simply Wall St, we have a full range of analyst estimates for Sino Land going out to 2022, and you can see them free on our platform here..

You can also see our analysis of Sino Land's Board and CEO remuneration and experience, and whether company insiders have been buying stock.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.