Niu Technologies (NASDAQ:NIU) is reporting third quarter financial results on Monday 23rd November 2020, before market open.
According to analysts surveyed by Thomson Reuters, NIU is expected to report 3Q20 income of $ 0.22 per share from revenue of $ 149.28 million.
For the full year, analysts anticipate top line of $ 409.52 million, while looking forward to income of $ 0.47 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 120.31 million ~ $ 134.46 million
Full Year 2020 topline are forecasted in a range of$ 62.60 million ~ $ 92.50 million
Click Here For More Historical Outlooks Of Niu Technologies
Previous Quarter Performance
Niu Technologies unfold income for the second quarter of $ 0.10 per share, from the revenue of $ 91.28 million. The quarterly earnings swell 11.11 percent while revenues swell 23.70 percent compared with the same quarter last year.
According to street consensus, NIU was expected to report 2Q20 income of $ 0.09 per share from revenue of $ 96.78 million. The bottom line results beat street analysts by $ 0.01 or 11.11 percent, at the same time, top line results fell short of analysts by $ 5.5 million or 5.68 percent.
Stock Performance
Shares of Niu Technologies traded low $ -0.16 or -0.45 percent on Friday, reaching $ 35.73 with volume of 3.26 million shares. Niu Technologies has traded high as $ 37.28 and has cracked $ 34.66 on the downward trend
According to the previous trading day, closing price of $ 35.73, representing a 490.30 % increase from the 52 week low of $ 6.08 and a 4.14 % decrease over the 52 week high of $ 37.44.
The company has a market capital of $ 2.67 billion and is part of the Consumer Cyclical sector and Auto Manufacturers industry.
Conference Call
Niu Technologies will be hosting a conference call at 8:00 AM eastern time on 23rd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.niu.com
Niu Technologies designs, manufactures, and sells smart electric-scooters in the Peoples Republic of China. The company offers N, M, and U series e-scooters with various models or specifications under the NIU brand name. It also provides scooter accessories, such as raincoats, gloves, knee pads, storage baskets and tail boxes, smart phone holders, backrests, and locks; lifestyle accessories, which includes T-shirts, coats, jeans, hats, bags, jewelry, notebook, badges, key chain, and mugs; performance upgrade components that comprises of upgraded wheels, shock absorbers, brake calipers, and carbon fiber body panels; and professional mountain and road bicycles.
