Earnings and Growth Analysis : Bitauto (NYSE:BITA)

0
275

Earnings results for Bitauto (NYSE:BITA)

Bitauto Holdings Limited is expected* to report earnings on 08/24/2020 before market open. The report will be for the fiscal Quarter ending Jun 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.02. The reported EPS for the same quarter last year was $0.31.

Bitauto last announced its earnings results on June 12th, 2020. The information services provider reported ($1.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $1.52. The business earned $245.50 million during the quarter. Bitauto has generated ($0.45) earnings per share over the last year. Bitauto has confirmed that its next quarterly earnings report will be published on Monday, August 24th, 2020.

Analyst Opinion on Bitauto (NYSE:BITA)

1 Wall Street analysts have issued ratings and price targets for Bitauto in the last 12 months. Their average twelve-month price target is $16.00, predicting that the stock has a possible upside of 1.27%. The high price target for BITA is $16.00 and the low price target for BITA is $16.00. There are currently 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Bitauto has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $16.00, Bitauto has a forecasted upside of 1.3% from its current price of $15.80. Bitauto has received no research coverage in the past 90 days.

Dividend Strength: Bitauto (NYSE:BITA)

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

Insiders buying/selling: Bitauto (NYSE:BITA)

In the past three months, Bitauto insiders have not sold or bought any company stock. Only 17.00% of the stock of Bitauto is held by insiders. Only 27.79% of the stock of Bitauto is held by institutions.

Earnings and Valuation of Bitauto (NYSE:BITA

Earnings for Bitauto are expected to grow by 20.53% in the coming year, from $1.51 to $1.82 per share. The P/E ratio of Bitauto is -3.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Bitauto is -3.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Bitauto has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

More latest stories: here