Renren (RENN) to Release Quarterly Earnings on Wednesday
Renren (NASDAQ:RENN) will be announcing its Q114 earnings results on Wednesday, May 21st. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $25.49 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Renren (NASDAQ:RENN) last released its earnings data on Tuesday, March 18th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.02. The company had revenue of $30.70 million for the quarter, compared to the consensus estimate of $30.15 million. On average, analysts expect Renren to post $-0.27 EPS for the current fiscal year and $-0.26 EPS for the next fiscal year.
Renren (NASDAQ:RENN) opened at 3.29 on Tuesday. Renren has a 52-week low of $2.75 and a 52-week high of $4.79. The stock’s 50-day moving average is $3.30 and its 200-day moving average is $3.31. The company has a market cap of $1.182 billion and a price-to-earnings ratio of 19.24.
On a related note, analysts at Morgan Stanley reiterated an “underweight” rating on shares of Renren in a research note on Wednesday, March 19th. They now have a $2.70 price target on the stock. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The stock has an average rating of “Sell” and a consensus price target of $3.32.
Renren Inc operates real name social networking Internet platform in the People’s Republic of China. Its platform enables its users to connect and communicate with each other, share information and user-generated content, play online games, listen to music, shop for deals and a range of other features and services.
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