Cango Inc expected to post a loss of 31  fen a share - Earnings Preview

Cango

19/08/2022 09:02

* Cango Inc  CANG.N   CANG.K  is expected to show a fall in
quarterly revenue when it reports  results on August 19
(estimated). 
    * The Shanghai-based  company is expected to report  a
62.9% decrease in revenue to CNY327 million from CNY882.04
million a year ago, according to the estimate from one analyst,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Cango Inc is for a
loss
of 31 fen per share. For the same quarter last year, the company
reported earnings of CNY3.89 per share.
    * The one available analyst rating on the shares is
"hold".  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cango Inc
is
$4.75​, above​ its last closing price of $2.57. ​​​

This summary was machine generated August 19 at 08:02 GMT.  All
figures in Chinese yuan renminbi  unless otherwise stated