Cango Inc reports results for the quarter ended in December - Earnings Summary

Cango

11/03/2022 13:49

* Cango Inc  CANG.N  reported quarterly adjusted earnings of
CNY1.04​​ per share for the quarter ended in December. The mean
expectation of two analysts for the quarter was for earnings of
CNY1.35 per share.
    * Revenue fell 9.1% to CNY997.87 million from a year ago; 
analysts expected CNY1.13 billion. 
    * Cango Inc's reported EPS for the quarter was 87 fen​.
    * The mean earnings estimate of analysts had risen by
about 180.2%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Cango Inc shares had fallen by 4.5% this quarter.
    * The company reported quarterly net income of CNY124.13
million.
    * Wall Street's median 12-month price target for Cango Inc
is
$6.15 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated March 11 at 01:49 p.m.  ​All
figures in Chinese yuan renminbi unless otherwise stated