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

Cango

29/08/2022 23:39

* Cango Inc  CANG.N  reported a quarterly adjusted loss of
CNY1.38​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for a loss of 31
fen per share.
    * Revenue fell 67.2% to CNY289.19 million from a year ago;
analysts expected CNY327.00 million. 
    * Cango Inc's reported EPS for the quarter was a loss of
CNY2.08​.
    * The mean earnings estimate of analysts had fallen by
about 237%
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 risen by 16.9% this quarter and
gained 15.5% so far this year.
    * The company reported a quarterly loss of CNY285.78
million.
    * Wall Street's median 12-month price target for Cango Inc
is
$4.75 
    * 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 from Refinitiv data August 29
at 10:39 p.m.  ​All figures in Chinese yuan renminbi unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.31          -1.38          Missed
 Mar. 31 2022      0.28           -0.81          Missed
 Dec. 31 2021      1.35           1.04           Missed
 Sep. 30 2021      0.35           -2.72          Missed