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On Thursday, August 27, Yirendai (NYSE: YRD) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
Earnings and Revenue
Wall Street analysts see Yirendai reporting earnings of $0.17 per share on revenue of $274.20 million. Yirendai reported a per-share profit of $0.241 when it published results during the same quarter last year. Sales in that period totaled $322.89 million. If the company were to report in line earnings when it publishes results Thursday, earnings would be down 29.46%. Revenue would have fallen 30.91% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Over the past 52-week period, shares of Yirendai have declined 63.19%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Yirendai is scheduled to hold the call at 20:00:00 ET and can be accessed here: https://apac.directeventreg.com/der/toRegistration.action
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