Weidai Ltd (WEI) Expected to Announce Earnings of $0.35 Per Share

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Analysts expect Weidai Ltd (NYSE:WEI) to report $0.35 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Weidai’s earnings. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Weidai will report full-year earnings of $1.66 per share for the current fiscal year. For the next financial year, analysts anticipate that the company will report earnings of $1.93 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Weidai.

Weidai (NYSE:WEI) last announced its earnings results on Tuesday, March 26th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). The business had revenue of $144.50 million during the quarter.

Separately, ValuEngine upgraded Weidai from a “sell” rating to a “hold” rating in a report on Monday, February 4th.

An institutional investor recently bought a new position in Weidai stock. Millennium Management LLC bought a new stake in Weidai Ltd (NYSE:WEI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 46,368 shares of the company’s stock, valued at approximately $429,000. Millennium Management LLC owned about 0.07% of Weidai at the end of the most recent quarter. Institutional investors and hedge funds own 0.80% of the company’s stock.

Shares of NYSE:WEI opened at $10.14 on Thursday. Weidai has a one year low of $9.14 and a one year high of $13.63.

Weidai Company Profile

Weidai Ltd., through its subsidiaries, provides auto-backed financing solutions in the People's Republic of China. Its auto-backed financing platform connects borrowers primarily mall and micro enterprise owners with online investors and institutional funding partners. The company was founded in 2011 and is headquartered in Hangzhou, the People's Republic of China.

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