Analysts Expect Jianpu Technology Inc – (JT) Will Post Earnings of -$0.02 Per Share

Equities analysts predict that Jianpu Technology Inc – (NYSE:JT) will report earnings of ($0.02) per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Jianpu Technology’s earnings. Jianpu Technology reported earnings per share of ($0.03) during the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The firm is expected to announce its next earnings results on Tuesday, December 11th.

On average, analysts expect that Jianpu Technology will report full-year earnings of ($0.08) per share for the current fiscal year, with EPS estimates ranging from ($0.09) to ($0.07). For the next year, analysts anticipate that the firm will report earnings of $0.05 per share, with EPS estimates ranging from $0.03 to $0.06. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Jianpu Technology.

Jianpu Technology (NYSE:JT) last announced its earnings results on Monday, August 27th. The company reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.03. Jianpu Technology had a negative net margin of 14.56% and a negative return on equity of 22.66%. The business had revenue of $74.10 million during the quarter.

JT has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Jianpu Technology from $8.00 to $7.50 and set a “neutral” rating for the company in a report on Thursday, June 21st. Zacks Investment Research raised shares of Jianpu Technology from a “sell” rating to a “hold” rating in a report on Thursday, August 30th.

JT stock traded down $0.20 during midday trading on Tuesday, reaching $4.79. 163,480 shares of the company’s stock traded hands, compared to its average volume of 244,569. Jianpu Technology has a 52-week low of $4.01 and a 52-week high of $9.49. The stock has a market cap of $810.37 million and a P/E ratio of -20.83.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of Jianpu Technology in the second quarter worth $101,000. Citadel Advisors LLC purchased a new stake in shares of Jianpu Technology in the second quarter worth $156,000. Krane Funds Advisors LLC purchased a new stake in shares of Jianpu Technology in the second quarter worth $1,401,000. Jupiter Asset Management Ltd. increased its stake in shares of Jianpu Technology by 3.2% in the second quarter. Jupiter Asset Management Ltd. now owns 1,263,114 shares of the company’s stock worth $8,349,000 after purchasing an additional 39,080 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Jianpu Technology by 1.4% in the first quarter. BlackRock Inc. now owns 1,567,922 shares of the company’s stock worth $8,670,000 after purchasing an additional 21,833 shares in the last quarter. 12.43% of the stock is owned by hedge funds and other institutional investors.

Jianpu Technology Company Profile

Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access to financial products, including consumer and other loans, credit cards, and wealth management products.

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