Bitauto Holdings Limited (NYSE:BITA) provider of internet content and marketing services, is expected to report second quarter earnings results, before market open, on Monday 24th August 2020.
Analysts surveyed by Thomson Reuters are predicting, BITA to report 2Q20 loss of $ 0.97 per share.
For the full year, analysts anticipate top line of $ 1204.30 million, while looking forward to loss of $ 1.79 per share bottom line.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 261.00 million ~ $ 275.00 million
Click Here For More Historical Outlooks Of Bitauto Holdings Limited
Previous Quarter Performance
Bitauto Holdings Limited came out with loss for the first quarter of $ 1.27 per share, from the revenue of $ 245.50 million. The quarterly revenues declined 36.60 percent compared with the same quarter last year. According to street consensus, BITA was expected to report 1Q20 loss of $ 0.81 per share from revenue of $ 245.96 million. The bottom line results missed street analysts by $ 0.46 or 56.79 percent, at the same time, top line results fell short of analysts by $ 0.46 million or 0.19 percent.
Stock Performance
Shares of Bitauto Holdings Limited traded low $ -0.03 or -0.19 percent on Saturday, reaching $ 15.80 with volume of 131.20 thousand shares. The stock opened down for the day at $ 15.82, after closing the previous day trading at $ 15.83.
According to the previous trading day, closing price of $ 15.83, representing a 64.90 % increase from the 52 week low of $ 9.60 and a 0.75 % decrease over the 52 week high of $ 15.95.
With respect to the key metrics, Bitauto Holdings Limited stock has advanced $ 2.13 or 16.00 percent, reaching $ 13.67 during the simple moving average (SMA) period of 200 days. Similarly, the stock has decreased $ -0.03 or 0.00 percent, before arriving at $ 15.83 during the SMA50-day period.
The company has a market capital of $ 1.12 billion and is part of the Technology sector and Internet Content & Information industry.
Conference Call
Bitauto Holdings Limited will be hosting a conference call at 8:15 AM eastern time on 24th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website https://apac.directeventreg.com/der/toRegistration.action
Bitauto Holdings Limited, through its subsidiaries, provides Internet content and marketing services, and transaction services for the automobile industry in the Peoples Republic of China. It operates in three segments: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business. The Advertising and Subscription Business segment offers advertising services, including automobile pricing and promotional information, specifications, reviews, and consumer feedback to automakers through its bitauto.com Website.
