Analysts Expect Secoo Holding Ltd – (SECO) to Announce $0.03 Earnings Per Share

Shares of Secoo Holding Ltd – (NASDAQ:SECO) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price objective of $16.50 for the company and are forecasting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Secoo an industry rank of 188 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research cut shares of Secoo from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th.

SECO opened at $10.18 on Friday. Secoo has a 1 year low of $7.86 and a 1 year high of $15.48. The firm has a market capitalization of $120.33 million, a P/E ratio of 24.24 and a beta of 2.87. The company has a quick ratio of 2.63, a current ratio of 5.11 and a debt-to-equity ratio of 0.80.

Secoo (NASDAQ:SECO) last released its earnings results on Thursday, April 4th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.08). Secoo had a return on equity of 10.96% and a net margin of 2.82%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company earned $0.25 EPS. Secoo’s quarterly revenue was up 27.0% compared to the same quarter last year. As a group, equities research analysts forecast that Secoo will post 0.8 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in Secoo in the third quarter valued at $367,000. Penserra Capital Management LLC raised its stake in shares of Secoo by 6.3% during the 4th quarter. Penserra Capital Management LLC now owns 65,103 shares of the company’s stock worth $590,000 after buying an additional 3,871 shares during the last quarter. Krane Funds Advisors LLC raised its stake in shares of Secoo by 23.4% during the 3rd quarter. Krane Funds Advisors LLC now owns 362,039 shares of the company’s stock worth $4,598,000 after buying an additional 68,591 shares during the last quarter. Symmetry Peak Management LLC acquired a new position in shares of Secoo during the 3rd quarter worth $191,000. Finally, Segantii Capital Management Ltd acquired a new position in shares of Secoo during the 1st quarter worth $52,000. Institutional investors and hedge funds own 40.05% of the company’s stock.

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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