Noah Holdings Limited (NYSE:NOAH) Analysts Just Slashed This Year's Revenue Estimates By 14% [Yahoo! Finance]
Noah Holdings Limited American Depositary Shares (NOAH)
US:NYSE Investor Relations:
ir.noahwm.com
Company Research
Source: Yahoo! Finance
There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic. Following the downgrade, the consensus from eight analysts covering Noah Holdings is for revenues of CN¥2.7b in 2024, implying a measurable 4.8% decline in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of CN¥3.1b in 2024. The consensus view seems to have become more pessimistic on Noah Holdings, noting the substantial drop in revenue estimates in this update. Check out our latest analysis for Noah Holdings Notably, the analysts have cut their price target 16% to CN¥93.70, suggesting concerns around Noah Holdings' valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company
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NOAH
News
- September 2024's US Stocks That Might Be Trading Below Estimated Value [Yahoo! Finance]Yahoo! Finance
- Noah Holdings Second Quarter 2024 Earnings: EPS: CN¥1.42 (vs CN¥4.54 in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- China's wealthy are increasingly looking overseas for business investment opportunities [MSNBC.com]MSNBC.com
- China's wealthy are increasingly looking overseas for business investment opportunities [CNBC]CNBC
- Noah Holdings: Q2 Results Miss And New Buyback Plan Draw Attention [Seeking Alpha]Seeking Alpha
NOAH
Sec Filings
- 9/10/24 - Form 6-K
- 9/4/24 - Form 6-K
- 8/29/24 - Form 6-K
- NOAH's page on the SEC website