Bitauto (BITA) Set to Announce Quarterly Earnings on Wednesday
Bitauto (NYSE:BITA) is scheduled to announce its earnings results before the market opens on Wednesday, November 28th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Bitauto (NYSE:BITA) last announced its earnings results on Wednesday, August 22nd. The information services provider reported $0.01 earnings per share for the quarter. The business had revenue of $402.35 million for the quarter, compared to the consensus estimate of $398.80 million. Bitauto had a negative net margin of 15.08% and a negative return on equity of 8.60%. On average, analysts expect Bitauto to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of BITA opened at $17.44 on Wednesday. The company has a market capitalization of $1.29 billion, a P/E ratio of -5.10 and a beta of 2.85. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.48. Bitauto has a 1-year low of $15.61 and a 1-year high of $39.54.
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Bitauto Holdings Limited, through its subsidiaries, provides Internet content and marketing services, and transaction services for the automobile industry in the People's Republic of China. It operates in three segments: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business.
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