Cango Inc expected to post a loss of 49 fen a share - Earnings Preview

Cango

18/11/2022 22:10

* Cango Inc  CANG.N   CANG.K  is expected to show a fall in
quarterly revenue when it reports  results on November 21
(estimated). 
    * The Shanghai-based  company is expected to report  a
45.3% decrease in revenue to CNY405 million from CNY739.86
million a year ago, according to the estimate from one analyst,
based on Refinitiv data. The company's guidance on August 29
2022, for the period ended September 30, was for revenue between
CNY350.00 million and CNY400.00 million.
    * ​Refinitiv's mean analyst estimate for Cango Inc is for a
loss
of 49 fen 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
$3.5​, above​ its last closing price of $2.51. ​​​

This summary was machine generated November 18 at 22:10 GMT. 
All figures in Chinese yuan renminbi  unless otherwise stated