Brokerages Anticipate Jianpu Technology (JT) to Post -$0.03 EPS

Analysts predict that Jianpu Technology (NYSE:JT) will post earnings of ($0.03) per share for the current quarter, according to Zacks. Zero analysts have made estimates for Jianpu Technology’s earnings. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Jianpu Technology will report full-year earnings of ($0.06) per share for the current year. For the next financial year, analysts expect that the company will post earnings of $0.08 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Jianpu Technology.

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Jianpu Technology (NYSE:JT) last posted its earnings results on Monday, March 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.13). The company had revenue of $89.86 million during the quarter.

JT has been the subject of several research reports. JPMorgan Chase initiated coverage on shares of Jianpu Technology in a research note on Wednesday, December 20th. They set a “neutral” rating and a $8.00 price target for the company. Zacks Investment Research cut shares of Jianpu Technology from a “hold” rating to a “sell” rating in a research note on Friday, March 9th.

Several institutional investors and hedge funds have recently modified their holdings of JT. Wells Fargo & Company MN bought a new position in shares of Jianpu Technology during the 4th quarter worth approximately $35,219,000. BlackRock Inc. bought a new position in shares of Jianpu Technology in the fourth quarter valued at $10,019,000. Citadel Advisors LLC bought a new position in shares of Jianpu Technology in the fourth quarter valued at $828,000. Viking Global Investors LP bought a new position in shares of Jianpu Technology in the fourth quarter valued at $16,963,000. Finally, Raymond James & Associates bought a new position in shares of Jianpu Technology in the fourth quarter valued at $145,000. 12.53% of the stock is owned by institutional investors.

Shares of JT opened at $5.74 on Thursday. The company has a market cap of $929.69 and a PE ratio of -25.26. Jianpu Technology has a twelve month low of $4.75 and a twelve month high of $9.49.

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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 consumer and other loans, credit cards, and wealth management products related information. The company recommends loans and credit cards to individual users and assists the financial service providers in targeting users with specific characteristics based on the users' financial needs and credit profile, as well as the products offerings and risk appetite of the financial service providers.

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