NIU Technologies reports results for the quarter ended December 31 - Earnings Summary

• NIU Technologies NIU.OQ reported a quarterly adjusted loss of CNY1.02​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -84 fen. The lone analyst forecast for the quarter was for a loss of 93 fen per share.

• Revenue fell 17.5% to CNY676.25 million from a year ago; analysts expected CNY634.28 million.

• NIU Technologies's reported EPS for the quarter was a loss of CNY1.10​.

• The company reported a quarterly loss of CNY89.53 million.

• NIU Technologies shares had risen by 23.1% this quarter.

FORECAST CHANGES

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto & truck manufacturers peer group is also "buy"

• Wall Street's median 12-month price target for NIU Technologies is $4.55, about 18% above its last closing price of $3.73

This summary was machine generated from LSEG data March 16 at 01:31 p.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)