Is it time to Buy before this week’s earning report China Automotive Systems (NASDAQ:CAAS)

Earnings results for China Automotive Systems (NASDAQ:CAAS)

China Automotive Systems, Inc. is expected* to report earnings on 11/12/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. 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 results on August 14th, 2020. The auto parts company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.09. The company 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 48.0. China Automotive Systems has confirmed that its next quarterly earnings report will be published on Thursday, November 12th, 2020.

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 73.61%. 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 73.6% from its current price of $2.88. 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 48.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 20.92. The P/E ratio of China Automotive Systems is 48.00, 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 46.28. China Automotive Systems has a P/B Ratio of 0.29. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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