Secoo (SECO) Posts Earnings Results, Hits Estimates
Secoo (NASDAQ:SECO) released its quarterly earnings results on Tuesday. The company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14, MarketWatch Earnings reports. Secoo had a net margin of 3.07% and a return on equity of 11.40%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the firm earned ($0.05) earnings per share. The firm’s revenue was up 60.1% on a year-over-year basis. Secoo updated its Q4 2018 guidance to EPS.
SECO opened at $10.72 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.79 and a current ratio of 2.85. Secoo has a fifty-two week low of $8.00 and a fifty-two week high of $15.48. The stock has a market cap of $137.43 million, a P/E ratio of 14.11 and a beta of 5.44.
Separately, Zacks Investment Research raised shares of Secoo from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th.
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Secoo Company Profile
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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