Yirendai Ltd. (NYSE:YRD) is reporting second quarter financial results on Thursday 27th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, YRD is expected to report 2Q20 income of $ 0.17 per share from revenue of $ 274.20 million.
For the full year, analysts anticipate top line of $ 749.37 million, while looking forward to income of $ 0.91 per share bottom line.
Previous Quarter Performance
Yirendai Ltd. disclosed income for the first quarter of $ 0.03 per share, from the revenue of $ 144.57 million. The quarterly earnings 94.92 percent while revenues shrunk 51.01 percent compared with the same quarter last year.
Street analysts expected Yirendai Ltd. to report income of $ 0.23 per share on revenue of $ 209.46 million for the first quarter. The bottom line results missed street analysts by $ 0.2 or 86.96 percent, at the same time, top line results fell short of analysts by $ 64.89 million or 30.98 percent.
Stock Performance
Shares of Yirendai Ltd. traded low $ -0.04 or -1.12 percent on Wednesday, reaching $ 3.53 with volume of 41.70 thousand shares. Yirendai Ltd. has traded high as $ 3.56 and has cracked $ 3.50 on the downward trend
The closing price of $ 3.53, representing a 26.15 % increase from the 52 week low of $ 2.83 and a 64.16 % decrease over the 52 week high of $ 9.96.
The company has a market capital of $ 332.69 million and is part of the Financial Services sector and Credit Services industry.
Conference Call
Yirendai Ltd. will be hosting a conference call at 8:00 PM eastern time on 27th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website apac.directeventreg.com/der/toRegistration.action
Yirendai Ltd., through its subsidiaries, operates as an online consumer finance marketplace that connects borrowers and investors primarily in the Peoples Republic of China. It offers standard loan products; and fasttrack loan products through mobile applications, as well as various investing tools. The company also provides consultancy information technology support services; IT, system maintenance, and customer support services; borrower acquisition and referral services; and wealth management consulting services.
