One Analyst Just Shaved Their CBAK Energy Technology, Inc. (NASDAQ:CBAT) Forecasts Dramatically [Yahoo! Finance]
CBAK Energy Technology, Inc. (CBAT)
Company Research
Source: Yahoo! Finance
Both revenue and earnings per share (EPS) estimates were cut sharply as the analyst factored in the latest outlook for the business, concluding that they were too optimistic previously. After this downgrade, CBAK Energy Technology's solo analyst is now forecasting revenues of US$229m in 2025. This would be a meaningful 10% improvement in sales compared to the last 12 months. Statutory earnings per share are supposed to sink 14% to US$0.11 in the same period. Before this latest update, the analyst had been forecasting revenues of US$256m and earnings per share (EPS) of US$0.33 in 2025. Indeed, we can see that the analyst is a lot more bearish about CBAK Energy Technology's prospects, administering a measurable cut to revenue estimates and slashing their EPS estimates to boot. Check out our latest analysis for CBAK Energy Technology The consensus price target fell 20% to US$2.00, with the weaker earnings outlook clearly leading analyst valuation estimates. Looking at the bigger
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CBAT
News
- Battery Management System Business Research Report 2024: Global Market to Grow by $17.1 Billion by 2030, Expansion of Smart Grid Infrastructure, and Adoption of EVs [Yahoo! Finance]Yahoo! Finance
- While shareholders of CBAK Energy Technology (NASDAQ:CBAT) are in the black over 5 years, those who bought a week ago aren't so fortunate [Yahoo! Finance]Yahoo! Finance
- CBAK Energy Technology Inc (CBAT) Q3 2024 Earnings Call Highlights: Record Demand Spurs ... [Yahoo! Finance]Yahoo! Finance
- CBAK Energy Technology, Inc. (CBAT) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- CBAK Energy Reports Third Quarter & First Nine Months of 2024 Unaudited Financial ResultsPR Newswire
CBAT
Earnings
- 11/12/24 - Miss
CBAT
Sec Filings
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- 10/31/24 - Form 3
- CBAT's page on the SEC website