Cango Inc expected to post earnings of 28  fen a share - Earnings Preview

Cango

07/06/2022 21:12

* Cango Inc  CANG.N   CANG.K  is expected to show a fall in
quarterly revenue when it reports  results on June 9. 
    * The Shanghai-based  company is expected to report  a
25.4% decrease in revenue to CNY784 million from CNY1.05 billion
a year ago, according to the estimate from one analyst, based on
Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Cango Inc is for
earnings
of 28 fen per share. For the same quarter last year, the company
reported a loss of CNY1.70 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 $3.27. ​​​

This summary was machine generated June 7 at 20:12 GMT.  All
figures in Chinese yuan renminbi  unless otherwise stated