Rakuten (OTCMKTS:RKUNY) Posts Earnings Results, Misses Estimates By $0.20 EPS

Key Points

• Rakuten reported a quarterly earnings per share (EPS) of ($0.16), falling short of the consensus estimate of $0.04 by ($0.20).
• The company generated $4.04 billion in revenue for the quarter, exceeding the expected $3.83 billion.
• Analysts have upgraded Rakuten's stock rating, with CLSA assigning a "strong-buy" rating and Nomura Securities changing its rating to "hold."

Rakuten (OTCMKTS:RKUNY - Get Free Report) released its quarterly earnings results on Friday. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.20), Zacks reports. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.83 billion. Rakuten had a negative net margin of 8.85% and a negative return on equity of 19.13%.

Rakuten Price Performance

OTCMKTS RKUNY traded up $0.03 during trading hours on Thursday, hitting $5.65. The company had a trading volume of 6,995 shares, compared to its average volume of 14,461. Rakuten has a 52 week low of $4.80 and a 52 week high of $7.27. The firm has a 50 day simple moving average of $5.40 and a 200 day simple moving average of $5.72. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of -8.69 and a beta of 1.04.

Analyst Ratings Changes

RKUNY has been the subject of a number of research reports. CLSA raised Rakuten to a "strong-buy" rating in a research note on Thursday, May 29th. Nomura Securities raised Rakuten to a "hold" rating in a report on Tuesday, May 27th.

Rakuten Company Profile

Rakuten Group, Inc provides services in e-commerce, fintech, digital content, and communications to various users in Japan and internationally. The company operates through three segments: Internet Services, FinTech, and Mobile. The Internet Services segment provides range of e-commerce sites, such as Rakuten Ichiba, an Internet shopping mall, online cash-back sites, travel booking sites, portal sites, and digital content sites.