Boston, MA 03\/06\/2014 (wallstreetpr) – Bitauto Hldg Ltd (ADR) (NYSE:BITA)<\/b> is witnessing an excitement around its stock price. There is no doubt investors are buying the stock with eyes on better results today. The company promised to let you know how it traveled in the three months ending December 31, and that promise is being met in the next few hours.<\/p>\n
Bitauto Hldg Ltd (ADR) (NYSE:BITA) provides marketing and online content solutions in the automobile industry. The company is concerned with getting up-to-date reviews, consumer feedback, pricing information and specifications to its users through bitauto.com.<\/p>\n
This week alone, the stock has motored more than 12 percent, ahead of its fourth quarter earnings release and conference call. In the last trading session, shares of Bitauto Hldg Ltd (ADR) (NYSE:BITA) were seen changing hands between $42.17 and $45.47. Eventually the shares settled at $44.70, with a gain of more than 5.7 percent. The last session saw the stock hit a new high for the year which was also a new 12-month high for the stock.<\/p>\n
Performance Expectations<\/b><\/p>\n
Bitauto Hldg Ltd (ADR) (NYSE:BITA) is used to meeting or beating earnings estimates issued by analysts \u2013 at least over the last year. It will be interesting to see if it continues this trend in the fourth quarter reporting. The company is expected to end up with earnings per share of $36. That will be 38 percent higher than what it realized a year ago. However, it will be weaker than the triple-digit growth that was realized in the previous two quarters. As concerns revenue, the company is expected to post revenue growth of 36 percent to roughly $77.6 million.<\/p>\n
Performance trend<\/b><\/p>\n
Bitauto Hldg Ltd (ADR) (NYSE:BITA) has surpassed estimates three times in the past fourt quarters and met expectations at least once. That trend will be an important a area to keep an eye on in the latest report.<\/p>\n
Investors Takeaway<\/b><\/p>\n
Bitauto Hldg Ltd (ADR) (NYSE:BITA) is considered a \u201cneutral\u201d stock by analysts at Zacks. The analysts planted a 12 months price target of $37.50. That was around January 13, when the stock traded in the range of $30s. But it has since blown off that lid and if the upcoming results prove attractive, it will only help to power the stock upward.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 03\/06\/2014 (wallstreetpr) – Bitauto Hldg Ltd (ADR) (NYSE:BITA) is witnessing an excitement around its stock price. There is no doubt investors are buying […]<\/p>\n","protected":false},"author":13,"featured_media":16635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2018,263],"tags":[4902,4903],"stock_ticker":[],"class_list":["post-16629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automobile","category-technology","tag-bitauto-hldg-ltd-adr-nysebita","tag-nysebita","entry"],"acf":[],"yoast_head":"\n