Buy, Sell or Hold? before and after EPS results Weidai Ltd (NYSE:WEI)

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Earnings results for Weidai Ltd (NYSE:WEI)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingMar 2020 , the consensus EPS* forecast has remained the same over the past week at 999 and remained the same over the past month at 999. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 999 and remained the same over the past month at 999 . none raised and none lowered their forecast.

Weidai last released its earnings results on May 27th, 2020. The reported ($1.14) earnings per share for the quarter, missing the consensus estimate of $1.55 by $2.69. The business earned $101.54 million during the quarter. Weidai has generated $0.52 earnings per share over the last year and currently has a price-to-earnings ratio of 2.5. Weidai has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, June 30th, 2020 based off prior year’s report dates.

Analyst Opinion on Weidai Ltd (NYSE:WEI)

2 Wall Street analysts have issued ratings and price targets for Weidai in the last 12 months. Their average twelve-month price target is $5.40, suggesting that the stock has a possible upside of 315.38%. The high price target for WEI is $5.40 and the low price target for WEI is $5.40. There are currently 2 sell ratings for the stock, resulting in a consensus rating of “Sell.”

Weidai has received a consensus rating of Sell. The company’s average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $5.40, Weidai has a potential upside of 315.4% from its current price of $1.30. Weidai has received no research coverage in the past 90 days.

Dividend Strength: Weidai Ltd (NYSE:WEI)

Weidai does not currently pay a dividend. Weidai does not have a long track record of dividend growth.

Insiders buying/selling: Weidai Ltd (NYSE:WEI)

In the past three months, Weidai insiders have not sold or bought any company stock. Only 0.69% of the stock of Weidai is held by institutions.

Earnings and Valuation of Weidai Ltd (NYSE:WEI

The P/E ratio of Weidai is 2.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.20. The P/E ratio of Weidai is 2.50, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.06. Weidai has a P/B Ratio of 0.28. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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