Horizon Robotics Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Horizon Robotics (HKG:9660) just released its latest half-year report and things are not looking great. Horizon Robotics missed earnings this time around, with CN¥2.1b revenue coming in 2.5% below what the analysts had modelled. Statutory earnings per share (EPS) of CN¥0.24 also fell short of expectations by 15%. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Horizon Robotics after the latest results.
Taking into account the latest results, the most recent consensus for Horizon Robotics from 20 analysts is for revenues of CN¥5.35b in 2026. If met, it would imply a huge 25% increase on its revenue over the past 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 62% to CN¥0.099. Before this earnings announcement, the analysts had been modelling revenues of CN¥5.60b and losses of CN¥0.21 per share in 2026. Although the revenue estimates have fallen somewhat, Horizon Robotics'future looks a little different to the past, with a very promising decrease in the loss per share forecasts in particular.
See our latest analysis for Horizon Robotics
The analysts have cut their price target 16% to HK$8.49per share, suggesting that the declining revenue was a more crucial indicator than the forecast reduction in losses. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Horizon Robotics, with the most bullish analyst valuing it at HK$13.24 and the most bearish at HK$5.58 per share. We would probably assign less value to the analyst forecasts in this situation, because such a wide range of estimates could imply that the future of this business is difficult to value accurately. As a result it might not be a great idea to make decisions based on the consensus price target, which is after all just an average of this wide range of estimates.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Horizon Robotics' past performance and to peers in the same industry. It's clear from the latest estimates that Horizon Robotics' rate of growth is expected to accelerate meaningfully, with the forecast 57% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 41% over the past year. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 43% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Horizon Robotics is expected to grow much faster than its industry.
The Bottom Line
The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. They also downgraded Horizon Robotics' revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. With that said, earnings are more important to the long-term value of the business. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.
With that in mind, we wouldn't be too quick to come to a conclusion on Horizon Robotics. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Horizon Robotics going out to 2028, and you can see them free on our platform here..
You can also see our analysis of Horizon Robotics' Board and CEO remuneration and experience, and whether company insiders have been buying stock.
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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.