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

Cango

10/06/2022 24:32

* Cango Inc  CANG.N  reported a quarterly adjusted loss
of 81
fen​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for earnings of
28 fen per share.
    * Revenue fell 25% to CNY787.69 million from a year ago; 
analysts
expected CNY784.00 million. 
    * Cango Inc's reported EPS for the quarter was a loss of 98
fen​.
    * The mean earnings estimate of analysts had fallen by
about 61.9%
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 77.8% this quarter and
gained 46.7% so far this year.
    * The company reported a quarterly loss of CNY136.16
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 June 9 at 11:32 p.m.  ​All
figures in Chinese yuan renminbi unless otherwise stated