Bitauto Holdings Limited (NYSE:BITA) is set to announce 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 issued its earnings results on Tuesday, August 15th. The information services provider reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.05). The business had revenue of $320.20 million during the quarter, compared to analyst estimates of $282.86 million. Bitauto Holdings Limited had a negative net margin of 4.76% and a positive return on equity of 3.85%. Bitauto Holdings Limited’s quarterly revenue was up 52.9% on a year-over-year basis. During the same quarter last year, the company earned $0.20 earnings per share. On average, analysts expect Bitauto Holdings Limited to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Bitauto Holdings Limited (BITA) opened at $48.01 on Monday. The company has a market cap of $3,395.55, a PE ratio of 240.05 and a beta of 3.18. Bitauto Holdings Limited has a 12-month low of $16.56 and a 12-month high of $54.42.
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BITA has been the subject of several recent analyst reports. BidaskClub cut shares of Bitauto Holdings Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research report on Friday, July 14th. Finally, ValuEngine upgraded shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd.
About Bitauto Holdings Limited
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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