Rakuten (RKUNY) Expected to Announce Quarterly Earnings on Thursday

Rakuten (OTCMKTS:RKUNY) will likely be posting its results after the market closes on Thursday, November 12th. Analysts expect the company to post earnings of $0.0068 per share and revenue of $4.32 billion for the quarter.

Rakuten (OTCMKTS:RKUNY) last issued its earnings results on Friday, August 14th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.09. Rakuten had a negative net margin of 2.48% and a negative return on equity of 5.09%. The company had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.11 billion. On average, analysts expect Rakuten to post ($0.12) EPS for the current fiscal year and $0.03 EPS for the next fiscal year.

Rakuten Trading Up 5.8%

Shares of RKUNY stock opened at $4.00 on Thursday. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.10 and a current ratio of 1.10. Rakuten has a 12-month low of $3.78 and a 12-month high of $7.04. The firm’s 50 day moving average is $4.31 and its 200 day moving average is $4.89.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Rakuten to a “hold” rating in a report on Friday, September 25th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold”.

About Rakuten

Rakuten Group, Inc is a Japan-based technology and internet services company founded in 1997 by Hiroshi Mikitani, who continues to serve as chairman and chief executive officer.