Brokerages Anticipate Secoo Holding Ltd – (SECO) to Announce $0.21 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 analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus target price of $17.40 for the company and are predicting that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also given Secoo an industry rank of 84 out of 256 based on the ratings given to related companies.

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

Several large investors have recently bought and sold shares of SECO. FIL Ltd acquired a new stake in Secoo in the 3rd quarter valued at about $12,557,000. Schroder Investment Management Group bought a new position in Secoo during the 3rd quarter valued at $11,667,000. Krane Funds Advisors LLC boosted its stake in Secoo by 23.4% in the 3rd quarter. Krane Funds Advisors LLC now owns 362,039 shares of the company’s stock worth $4,598,000 after purchasing an additional 68,591 shares during the period. Epoch Investment Partners Inc. lifted its position in Secoo by 39.2% in the 3rd quarter. Epoch Investment Partners Inc. now owns 342,336 shares of the company’s stock worth $4,348,000 after buying an additional 96,329 shares during the last quarter. Finally, Wexford Capital LP purchased a new stake in Secoo in the third quarter worth $1,881,000. Institutional investors and hedge funds own 37.49% of the company’s stock.

SECO opened at $9.06 on Friday. Secoo has a 1-year low of $8.00 and a 1-year high of $15.48. The stock has a market capitalization of $123.60 million, a price-to-earnings ratio of 11.92 and a beta of 3.79. 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 issued its earnings results on Tuesday, December 4th. The company reported $0.14 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. Secoo had a return on equity of 11.31% and a net margin of 3.07%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The business’s quarterly revenue was up 60.1% on a year-over-year basis. As a group, equities research analysts forecast that Secoo will post 0.56 EPS for the current year.

About Secoo

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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