Qunar Cayman Islands (QUNR) Announces Quarterly Earnings Results, Misses Estimates By $0.32 EPS
Qunar Cayman Islands (NASDAQ:QUNR) issued its quarterly earnings data on Thursday. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by $0.32, Analyst Ratings News reports. The company had revenue of $64.50 million for the quarter, compared to the consensus estimate of $56.03 million.
Qunar Cayman Islands (NASDAQ:QUNR) traded up 0.38% on Thursday, hitting $29.04. The stock had a trading volume of 924,774 shares. Qunar Cayman Islands has a 52 week low of $21.00 and a 52 week high of $36.73. The stock’s 50-day moving average is $28.18 and its 200-day moving average is $27.56. The company’s market cap is $3.291 billion.
On a related note, analysts at Deutsche Bank upgraded shares of Qunar Cayman Islands from a “hold” rating to a “buy” rating in a research note on Friday, June 27th. They now have a $31.00 price target on the stock, up previously from $27.00. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $27.83.
Qunar Cayman Islands Limited is a search-based commerce platform for the travel industry in China. The Company’s customers include travel service providers (NASDAQ:QUNR) and display advertisers.
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