Rakuten (RKUNY) Expected to Announce Earnings on Thursday

Rakuten (OTCMKTS:RKUNY) will likely be posting its results after the market closes on Thursday, November 12th. Analysts expect Rakuten to post earnings of $0.0068 per share and revenue of $4.32 billion for the quarter.

Rakuten (OTCMKTS:RKUNY) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.09. The firm had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Rakuten had a negative net margin of 2.48% and a negative return on equity of 5.09%. On average, analysts expect Rakuten to post ($0.12) EPS for the current fiscal year and $0.03 EPS for the next fiscal year.

Rakuten Stock Performance

Shares of RKUNY opened at $4.00 on Thursday. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a 50 day moving average of $4.31 and a 200 day moving average of $4.89. Rakuten has a twelve month low of $3.78 and a twelve month high of $7.04.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Rakuten to a “hold” rating in a research report on Friday, September 25th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Rakuten

Rakuten Group, Inc is a Japan-based technology and internet services company founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer.