Renren Earnings: Your Sneak Peek to the Big Announcement
Renren (NYSE:RENN) will report earnings after markets close on Wednesday, August 14th. Renren, Inc. operates an Internet website. The Company operates a real-time social networking website that offers users the ability to communicate, share information and user-generated content, play online games, listen to music, shop for deals, and use other services.
Here is your Cheat Sheet to Renren Earnings:
Earnings Expectations: Analysts expect earnings of $-0.07 per share on revenues of $55.08 million.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.05 to a loss $0.06. For the current year, the average estimate is a loss of $0.18, which is better than the estimate ninety days ago.
Here’s how Renren has been performing on an annual basis:
|Revenue ($) in millions||77||118||176|
|Diluted EPS ($)||-0.94||0.14||-0.20|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||44.82||44.82||48.82||46.59|
|Diluted EPS ($)||-0.06||-0.06||-0.06||-0.01|
Renren has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)