Bitauto Holdings Limited (BITA) to Release Quarterly Earnings on Monday
Bitauto Holdings Limited (NYSE:BITA) will be announcing its earnings results before the market opens on Monday, November 20th. Analysts expect the company to announce earnings of $0.25 per share for the quarter.
Bitauto Holdings Limited (NYSE:BITA) last posted its earnings results on Tuesday, August 15th. The information services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.05). The business had revenue of $320.20 million during the quarter, compared to analysts’ expectations of $282.86 million. Bitauto Holdings Limited had a positive return on equity of 3.85% and a negative net margin of 4.76%. Bitauto Holdings Limited’s revenue for the quarter was up 52.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS. On average, analysts expect Bitauto Holdings Limited to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Bitauto Holdings Limited (BITA) traded down $2.49 on Monday, hitting $46.92. 1,298,500 shares of the stock traded hands, compared to its average volume of 849,110. The stock has a market capitalization of $3,318.46, a P/E ratio of 234.60 and a beta of 3.18. Bitauto Holdings Limited has a 52-week low of $16.56 and a 52-week high of $54.42.
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Several equities analysts have recently weighed in on BITA shares. BidaskClub downgraded shares of Bitauto Holdings Limited from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 28th. Zacks Investment Research raised shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Finally, ValuEngine raised shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd.
Bitauto Holdings Limited Company Profile
Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.
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