Wall street estimates Earnings report CNFinance (NYSE:CNF)

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Earnings results for CNFinance (NYSE:CNF)

CNFinance 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 $-0.08. The reported EPS for the same quarter last year was $0.31.

CNFinance last posted its quarterly earnings data on May 26th, 2020. The reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $47.04 million for the quarter. CNFinance has generated $1.04 earnings per share over the last year and currently has a price-to-earnings ratio of 5.6. CNFinance has confirmed that its next quarterly earnings report will be published on Monday, August 24th, 2020.

Analyst Opinion on CNFinance (NYSE:CNF)

1 Wall Street analysts have issued ratings and price targets for CNFinance in the last 12 months. Their average twelve-month price target is $5.50, predicting that the stock has a possible upside of 57.14%. The high price target for CNF is $5.50 and the low price target for CNF is $5.50. There are currently 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

CNFinance 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 $5.50, CNFinance has a forecasted upside of 57.1% from its current price of $3.50. CNFinance has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: CNFinance (NYSE:CNF)

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

Insiders buying/selling: CNFinance (NYSE:CNF)

In the past three months, CNFinance insiders have not sold or bought any company stock. Only 0.78% of the stock of CNFinance is held by institutions.

Earnings and Valuation of CNFinance (NYSE:CNF

Earnings for CNFinance are expected to grow in the coming year, from ($0.20) to $0.71 per share. The P/E ratio of CNFinance is 5.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 17.85. The P/E ratio of CNFinance is 5.65, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.91. CNFinance has a P/B Ratio of 0.46. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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