Zacks: Brokerages Anticipate Uxin Ltd (UXIN) Will Post Earnings of -$0.19 Per Share

Equities research analysts predict that Uxin Ltd (NASDAQ:UXIN) will announce ($0.19) earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Uxin’s earnings. The company is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Uxin will report full year earnings of ($0.29) per share for the current year, with EPS estimates ranging from ($0.29) to ($0.28). For the next financial year, analysts forecast that the firm will report earnings of $0.52 per share, with EPS estimates ranging from $0.48 to $0.55. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Uxin.

Uxin (NASDAQ:UXIN) last released its quarterly earnings data on Thursday, March 14th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The business had revenue of $165.62 million for the quarter.

A number of equities research analysts have recently weighed in on the stock. ValuEngine raised shares of Uxin from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. Zacks Investment Research raised shares of Uxin from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. lifted their target price on shares of Uxin from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. Finally, Credit Suisse Group assumed coverage on shares of Uxin in a research note on Tuesday, March 12th. They set an “outperform” rating and a $7.70 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Uxin has an average rating of “Buy” and a consensus price target of $7.50.

Institutional investors and hedge funds have recently made changes to their positions in the company. Stevens Capital Management LP bought a new stake in shares of Uxin during the 1st quarter valued at about $67,000. Hsbc Holdings PLC bought a new stake in Uxin during the fourth quarter worth about $68,000. Two Sigma Securities LLC bought a new stake in Uxin during the fourth quarter worth about $69,000. Two Sigma Investments LP bought a new stake in Uxin during the fourth quarter worth about $72,000. Finally, Blueshift Asset Management LLC bought a new stake in Uxin during the fourth quarter worth about $87,000. 32.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of UXIN stock traded down $0.17 during mid-day trading on Thursday, reaching $2.32. The stock had a trading volume of 2,709,200 shares, compared to its average volume of 6,272,391. Uxin has a 52-week low of $1.41 and a 52-week high of $10.49. The stock has a market capitalization of $728.05 million and a price-to-earnings ratio of -0.68. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.20.

About Uxin

Uxin Limited, through its subsidiaries, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions.

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