Analysts Estimate Report : What to Look Out for China Automotive Systems (NASDAQ:CAAS)

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Earnings results for China Automotive Systems (NASDAQ:CAAS)

China Automotive Systems, Inc. is estimated to report earnings on 11/10/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.01. The reported EPS for the same quarter last year was $0.13.

China Automotive Systems last released its earnings data on August 14th, 2020. The auto parts company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.04) by $0.09. The business had revenue of $83.18 million for the quarter, compared to analysts’ expectations of $87.03 million. China Automotive Systems has generated $0.32 earnings per share over the last year and currently has a price-to-earnings ratio of 50.0. China Automotive Systems has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, November 10th, 2020 based off prior year’s report dates.

Analyst Opinion on China Automotive Systems (NASDAQ:CAAS)

1 Wall Street analysts have issued ratings and price targets for China Automotive Systems in the last 12 months. Their average twelve-month price target is $5.00, predicting that the stock has a possible upside of 66.67%. The high price target for CAAS is $5.00 and the low price target for CAAS is $5.00. There are currently 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

China Automotive Systems 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 $5.00, China Automotive Systems has a forecasted upside of 66.7% from its current price of $3.00. China Automotive Systems has received no research coverage in the past 90 days.

Dividend Strength: China Automotive Systems (NASDAQ:CAAS)

China Automotive Systems does not currently pay a dividend. China Automotive Systems does not have a long track record of dividend growth.

Insiders buying/selling: China Automotive Systems (NASDAQ:CAAS)

In the past three months, China Automotive Systems insiders have not sold or bought any company stock. 63.25% of the stock of China Automotive Systems is held by insiders. A high percentage of insider ownership can be a sign of company health. Only 2.82% of the stock of China Automotive Systems is held by institutions.

Earnings and Valuation of China Automotive Systems (NASDAQ:CAAS

Earnings for China Automotive Systems are expected to grow in the coming year, from ($0.04) to $0.43 per share. The P/E ratio of China Automotive Systems is 50.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 20.47. The P/E ratio of China Automotive Systems is 50.00, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 45.50. China Automotive Systems has a P/B Ratio of 0.30. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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