Jefferies Financial Group Comments on Secoo Holding Ltd -‘s Q2 2019 Earnings (SECO)

Secoo Holding Ltd – (NASDAQ:SECO) – Equities researchers at Jefferies Financial Group upped their Q2 2019 earnings per share (EPS) estimates for Secoo in a research note issued to investors on Tuesday, December 4th. Jefferies Financial Group analyst K. Chan now anticipates that the company will post earnings of $0.18 per share for the quarter, up from their previous forecast of $0.17. Jefferies Financial Group also issued estimates for Secoo’s Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.44 EPS and FY2020 earnings at $1.59 EPS.

Separately, Zacks Investment Research raised Secoo from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th.

NASDAQ SECO opened at $10.63 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.79 and a current ratio of 2.85. Secoo has a 1 year low of $8.00 and a 1 year high of $15.48. The firm has a market capitalization of $137.43 million, a P/E ratio of 13.82 and a beta of 5.44.

Secoo (NASDAQ:SECO) last issued its quarterly earnings data on Tuesday, December 4th. The company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. Secoo had a return on equity of 11.40% and a net margin of 3.07%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the business posted ($0.05) EPS. The business’s revenue for the quarter was up 60.1% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SECO. Symmetry Peak Management LLC acquired a new position in shares of Secoo in the 3rd quarter valued at $191,000. Jane Street Group LLC grew its position in Secoo by 99.8% during the 2nd quarter. Jane Street Group LLC now owns 23,810 shares of the company’s stock worth $192,000 after purchasing an additional 11,891 shares during the period. Renaissance Technologies LLC acquired a new stake in Secoo during the 3rd quarter worth about $367,000. Folger Hill Asset Management LP acquired a new stake in Secoo during the 3rd quarter worth about $635,000. Finally, Wexford Capital LP acquired a new stake in Secoo during the 3rd quarter worth about $1,881,000. 36.73% of the stock is currently owned by hedge funds and other institutional investors.

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 and Estimates for Secoo (NASDAQ:SECO)

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