Analysts Anticipate Viomi Technology Co Ltd – (NASDAQ:VIOT) Will Announce Earnings of $0.17 Per Share

Equities analysts expect Viomi Technology Co Ltd – (NASDAQ:VIOT) to announce earnings of $0.17 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Viomi Technology’s earnings. The company is expected to issue its next earnings report on Thursday, August 22nd.

On average, analysts expect that Viomi Technology will report full year earnings of $0.84 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the company will report earnings of $1.72 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Viomi Technology.

Viomi Technology (NASDAQ:VIOT) last issued its earnings results on Thursday, May 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.09). The firm had revenue of $676.20 million during the quarter, compared to analysts’ expectations of $682.00 million. The company’s revenue was up 104.4% compared to the same quarter last year.

Separately, Zacks Investment Research cut Zai Lab from a “buy” rating to a “hold” rating in a report on Saturday, June 15th.

Shares of VIOT stock traded up $0.30 during trading hours on Friday, hitting $8.91. The stock had a trading volume of 1,020 shares, compared to its average volume of 117,101. Viomi Technology has a one year low of $7.24 and a one year high of $15.84. The business has a 50-day simple moving average of $8.59. The stock has a market capitalization of $608.86 million and a PE ratio of 31.89.

Hedge funds have recently modified their holdings of the company. CI Investments Inc. grew its position in Viomi Technology by 0.5% in the fourth quarter. CI Investments Inc. now owns 753,900 shares of the company’s stock worth $5,880,000 after acquiring an additional 3,900 shares in the last quarter. Prospera Financial Services Inc purchased a new position in Viomi Technology in the first quarter worth about $152,000. SG Americas Securities LLC purchased a new position in Viomi Technology in the first quarter worth about $647,000. Norges Bank purchased a new position in Viomi Technology in the fourth quarter worth about $1,365,000. Finally, FIL Ltd grew its position in Viomi Technology by 38.4% in the first quarter. FIL Ltd now owns 1,091,703 shares of the company’s stock worth $12,085,000 after acquiring an additional 302,646 shares in the last quarter. 12.04% of the stock is currently owned by hedge funds and other institutional investors.

About Viomi Technology

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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