China Automotive Systems, Inc. (NASDAQ:CAAS) – A Preview Of China Automotive Systems’s...

China Automotive Systems, Inc. (NASDAQ:CAAS) – A Preview Of China Automotive Systems’s Earnings


China Automotive Systems (NASDAQ: CAAS) announces its next round of earnings this Friday, August 14. Here is Benzinga’s everything-that-matters guide for this Friday’s Q2 earnings announcement.

Earnings and Revenue

Sell-side analysts are expecting China Automotive Systems’s loss per share to be near $0.04 on sales of $87.03 million. China Automotive Systems EPS in the same period a year ago totaled $0.08. Revenue was $105.75 million. The analyst consensus estimate would represent a 150.0% decline in the company’s EPS figure. Sales would be down 17.7% from the year-ago period. Here’s how the company’s reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate -0.09 0.04 0.01 0.01
EPS Actual 0 0.06 0.13 0.08
Revenue Estimate 55.50 M 111.30 M 104.41 M 121.01 M
Revenue Actual 73.56 M 115.90 M 100.54 M 105.75 M

Stock Performance

Over the last 52-week period, shares of China Automotive Systems are up 43.66%.

Don’t be surprised to see the stock move on comments made during its conference call. China Automotive Systems is scheduled to hold the call at 08:00:00 ET and can be accessed here:

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