Secoo (SECO) Issues Quarterly Earnings Results

Secoo (NASDAQ:SECO) posted its earnings results on Tuesday. The company reported $0.14 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14, MarketWatch Earnings reports. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.37 billion. Secoo had a net margin of 3.25% and a return on equity of 11.39%. The company’s revenue for the quarter was up 60.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) earnings per share. Secoo updated its Q4 2018 guidance to EPS.

NASDAQ:SECO opened at $10.72 on Wednesday. The firm has a market cap of $128.20 million, a P/E ratio of 14.11 and a beta of 5.44. Secoo has a one year low of $8.00 and a one year high of $15.48. The company has a quick ratio of 0.79, a current ratio of 2.85 and a debt-to-equity ratio of 0.11.

Separately, Zacks Investment Research upgraded shares of Secoo from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th.

Several hedge funds have recently made changes to their positions in the company. FIL Ltd acquired a new position in shares of Secoo in the 3rd quarter valued at $12,557,000. Schroder Investment Management Group acquired a new position in shares of Secoo in the 3rd quarter valued at $11,667,000. Indus Capital Partners LLC acquired a new position in shares of Secoo in the 2nd quarter valued at $3,075,000. Krane Funds Advisors LLC raised its stake in shares of Secoo by 23.4% in the 3rd quarter. Krane Funds Advisors LLC now owns 362,039 shares of the company’s stock valued at $4,598,000 after buying an additional 68,591 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in shares of Secoo by 39.2% in the 3rd quarter. Epoch Investment Partners Inc. now owns 342,336 shares of the company’s stock valued at $4,348,000 after buying an additional 96,329 shares in the last quarter. Institutional investors own 36.73% of the company’s stock.

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Secoo Company Profile

Secoo Holding Limited, through its subsidiaries, operates an integrated online and offline shopping platform in the People's Republic of China and internationally. The company provides upscale brand products and services, including bags, watches, women's and men's wear, footwear, children's wear, sportswear, cosmetics and skin care products, jewelry, accessories, automobiles, home goods, fine food and beverage products, arts, and Chinese original products, as well as lifestyle services through its Website, mobile applications, and offline experience centers.

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Earnings History for Secoo (NASDAQ:SECO)

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