Bitauto Holdings Limited (BITA) Scheduled to Post Quarterly Earnings on Tuesday
Bitauto Holdings Limited (NYSE:BITA) will be announcing its earnings results before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.28 per share for the quarter.
Bitauto Holdings Limited (NYSE:BITA) last released its quarterly earnings results on Tuesday, August 15th. The information services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.05). The company had revenue of $320.20 million for the quarter, compared to analysts’ expectations of $282.86 million. Bitauto Holdings Limited had a positive return on equity of 3.85% and a negative net margin of 4.76%. The business’s quarterly revenue was up 52.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. On average, analysts expect Bitauto Holdings Limited to post $-0.28 EPS for the current fiscal year and $1.13 EPS for the next fiscal year.
Bitauto Holdings Limited (NYSE BITA) opened at 46.04 on Tuesday. The firm’s 50-day moving average price is $47.02 and its 200 day moving average price is $35.20. Bitauto Holdings Limited has a 52-week low of $16.56 and a 52-week high of $54.42. The stock’s market cap is $3.21 billion.
Several research analysts have issued reports on BITA shares. Zacks Investment Research raised Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub downgraded shares of Bitauto Holdings Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, ValuEngine raised shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd.
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Bitauto Holdings Limited Company Profile
Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.
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