Cango Inc. (NYSE:CANG) is set to announce second quarter earning results on Monday 24th August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.05 per share.
For the full year, analysts predict revenues of $ 195.36 million, while looking forward to income of $ 0.22 per share.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 32.48 million ~ $ 35.31 million
Click Here For More Historical Outlooks Of Cango Inc.
Previous Quarter Performance
Cango Inc. revealed loss for the first quarter of $ 0.01 per share, from the revenue of $ 34.74 million. The consensus estimates are income of $ 0.07 per share from $ 32.75 million in revenue. The bottom line results missed street analysts by $ 0.08 or 114.29 percent, at the same time, top line results outshined analysts by $ 1.99 million or 6.08 percent.
Stock Performance
Shares of Cango Inc. traded $ 0.00 or 0.00 percent on Saturday, reaching $ 6.25 with volume of 30.40 thousand shares. The stock opened positive for the day at $ 6.50, after closing the previous day trading at $ 6.25.
According to the previous trading day, closing price of $ 6.25, representing a 48.81 % increase from the 52 week low of $ 4.20 and a 36.35 % decrease over the 52 week high of $ 9.82.
With respect to the key metrics, Cango Inc. stock has advanced $ 0.51 or 9.00 percent, reaching $ 5.74 during the simple moving average (SMA) period of 200 days. Similarly, the stock has increased $ 0.57 or 10.00 percent, before arriving at $ 5.68 during the SMA50-day period.
The company has a market capital of $ 943.58 million and is part of the Technology sector and Internet Content & Information industry.
Conference Call
Cango Inc. will be hosting a conference call at 9:00 PM eastern time on 24th August 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, +1-888-346-8982 U.S. or +1-412-902-4272 (International), when prompted, enter passcode Cango Inc in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website https://78449.choruscall.com/dataconf/productusers/cang/mediaframe/40194/indexr.html
Cango Inc. operates an automotive transaction service platform that connects dealers, financial institutions, car buyers, and other industry participants in the Peoples Republic of China. It facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; automotive transactions between automotive wholesalers, dealers, and car buyers; and after-market services to car buyers.
