Qudian (QD) Scheduled to Post Earnings on Friday

Qudian (NYSE:QD) will announce its earnings results before the market opens on Friday, August 24th. Analysts expect the company to announce earnings of $0.27 per share for the quarter.

Qudian (NYSE:QD) last announced its quarterly earnings data on Monday, May 21st. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). The firm had revenue of $273.67 million for the quarter. On average, analysts expect Qudian to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of QD stock opened at $7.01 on Friday. The stock has a market cap of $2.31 billion and a PE ratio of 6.43. Qudian has a 1-year low of $6.49 and a 1-year high of $35.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.22 and a current ratio of 2.22.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Qudian from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. ValuEngine lowered shares of Qudian from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, Needham & Company LLC cut their price objective on shares of Qudian from $20.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, May 22nd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Qudian has a consensus rating of “Buy” and a consensus target price of $21.75.

Qudian Company Profile

Qudian Inc provides online small consumer credit products in the People's Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers cash credit products, such as cash short-term unsecured lines of credit, which are distributed in digital form; and merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis, as well as budget auto financing products.

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