Viomi Technology Co Ltd – (VIOT) Expected to Post Earnings of $0.17 Per Share

Wall Street brokerages expect that Viomi Technology Co Ltd – (NASDAQ:VIOT) will announce earnings of $0.17 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Viomi Technology’s earnings. The company is scheduled to issue its next quarterly earnings report on Monday, June 17th.

According to Zacks, analysts expect that Viomi Technology will report full-year earnings of $0.97 per share for the current fiscal year. For the next financial year, analysts expect that the business will report earnings of $1.73 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Viomi Technology.

Viomi Technology (NASDAQ:VIOT) last issued its earnings results on Monday, March 18th. The company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.75. The firm had revenue of $955.70 million during the quarter, compared to analysts’ expectations of $891.50 million. The company’s quarterly revenue was up 142.6% compared to the same quarter last year.

Separately, ValuEngine lowered Viomi Technology from a “buy” rating to a “hold” rating in a research report on Monday, February 4th.

Several large investors have recently made changes to their positions in VIOT. Point72 Asset Management L.P. acquired a new position in Viomi Technology in the 3rd quarter valued at $113,000. Citadel Advisors LLC acquired a new position in Viomi Technology in the 3rd quarter valued at $184,000. Point72 Hong Kong Ltd acquired a new position in Viomi Technology in the 3rd quarter valued at $260,000. Dean Capital Investments Management LLC acquired a new position in Viomi Technology in the 3rd quarter valued at $595,000. Finally, JPMorgan Chase & Co. acquired a new position in Viomi Technology in the 3rd quarter valued at $675,000. Hedge funds and other institutional investors own 12.04% of the company’s stock.

NASDAQ VIOT traded down $0.10 during trading hours on Tuesday, reaching $11.90. The stock had a trading volume of 1,553 shares, compared to its average volume of 122,997. Viomi Technology has a 52-week low of $7.24 and a 52-week high of $12.29.

Viomi Technology Company Profile

Viomi Technology Co, Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China. The company offers IoT-enabled smart home products, including smart water purification systems; smart kitchen products, such as refrigerators, oven steamers, dishwashers, range hoods, and gas stoves; and other smart products comprising smart water kettles, washing machines, water heaters, and others.

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