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

Cango

29/11/2022 22:01

* Cango Inc  CANG.N  reported a quarterly adjusted loss
of 81
fen​​ per share for the quarter ended in September. The mean
expectation of two analysts for the quarter was for earnings of
45 fen per share.
    * Revenue fell 43.7% to CNY416.45 million from a year ago;
analysts expected CNY405.00 million. 
    * Cango Inc's reported EPS for the quarter was a loss of 96
fen​.
    * The mean earnings estimate of analysts had risen by
about 190.9%
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 8.9% this quarter and
gained 10.0%
so far this year.
    * The company reported a quarterly loss of CNY130.33
million.
    * Wall Street's median 12-month price target for Cango Inc
is
$3.50 
    * 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 November
29 at 10:01 p.m.  ​All figures in Chinese yuan renminbi unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.45           -0.81          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