Bitauto (BITA) Scheduled to Post Earnings on Tuesday

Bitauto (NYSE:BITA) will post its quarterly earnings results before the market opens on Tuesday, November 26th. Analysts expect Bitauto to post earnings of $0.42 per share for the quarter. Bitauto has set its Q3 2019 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Bitauto (NYSE:BITA) last released its earnings results on Thursday, September 5th. The information services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.28). The company had revenue of $406.60 million for the quarter, compared to analysts’ expectations of $388.27 million. Bitauto had a positive return on equity of 2.21% and a negative net margin of 4.86%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. On average, analysts expect Bitauto to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE:BITA opened at $15.05 on Tuesday. The company has a market cap of $1.10 billion, a PE ratio of 10.75 and a beta of 0.73. Bitauto has a twelve month low of $9.46 and a twelve month high of $25.34. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $15.23 and its two-hundred day moving average is $12.53.

Several analysts have weighed in on the stock. ValuEngine downgraded shares of Bitauto from a “sell” rating to a “strong sell” rating in a research report on Monday, November 11th. Bank of America dropped their target price on shares of Bitauto from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, Zacks Investment Research raised shares of Bitauto from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.00.

Bitauto Company Profile

Bitauto Holdings Limited, through its subsidiaries, provides Internet content and marketing services, and transaction services for the automobile industry in the People's Republic of China. It operates in three segments: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business.

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Earnings History for Bitauto (NYSE:BITA)

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