Rakuten (RKUNY) Expected to Announce Earnings on Wednesday

Key Points

• Rakuten is expected to report quarterly results on May 13, with analysts forecasting EPS of ($0.1239) and revenue of $3.9154 billion.
• In the prior quarter Rakuten missed EPS estimates (reported ($0.08) vs. consensus ($0.04)) while beating revenue at $4.61 billion, and the company posted a negative net margin (-7.13%) and negative return on equity (-14.73%).
• The stock trades around $4.94 with a market cap of $10.74 billion, a negative P/E (-9.15) and high debt-to-equity (4.11); analyst coverage averages a Buy rating after Zacks moved the stock to Hold.

Rakuten (OTCMKTS:RKUNY - Get Free Report) is expected to be releasing its resultson Wednesday, May 13th. Analysts expect Rakuten to post earnings of ($0.1239) per share and revenue of $3.9154 billion for the quarter.

Rakuten (OTCMKTS:RKUNY - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.15 billion. Rakuten had a negative net margin of 7.13% and a negative return on equity of 14.73%. On average, analysts expect Rakuten to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rakuten Stock Performance

Rakuten stock opened at $4.94 on Wednesday. The business has a 50 day moving average price of $4.94 and a two-hundred day moving average price of $5.75. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.11. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of -9.15 and a beta of 1.15. Rakuten has a 12 month low of $4.50 and a 12 month high of $7.04.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Rakuten from a "strong sell" rating to a "hold" rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

About Rakuten

Rakuten, Inc is a diversified internet services company based in Tokyo, Japan, and founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer. Originally established as an online marketplace, Rakuten has expanded its reach to become a global technology group offering a wide range of digital services and consumer-facing platforms. The company is listed in Japan but its American depositary receipts trade over the counter under the symbol RKUNY.

At the core of Rakuten's business is its e-commerce marketplace, Rakuten Ichiba, which hosts millions of merchants and serves tens of millions of customers across Japan and other key markets.

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