Autohome Inc ADR Up 3.41% To $32.18 After Earnings Beat

Autohome Inc (ATHM) surpassed earnings projections on 7/27/2023 for Q2 2023.

The consensus among analysts for Autohome Inc ADR was for an earnings per share (EPS) of $0.57. The firm was able to surpass those projections, reporting an EPS of $0.64, a positive surprise of $0.07 (12%). Profits rose 14% year-over-year after reporting an EPS of $0.56 in its year-ago quarter. The positive growth rate signals that the Communication Services company is performing well amid recent economic conditions.

Revenues were upbeat at $252.8 million. That represents a 2.30% decrease in revenues from the year-ago report and is 1.31% higher than consensus estimates set at $249.5 million.

The stock is up 3.41% to $32.18 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Autohome Inc ADR has performed a little below average during the past few months. Before the report, Autohome Inc ADR received a Long-Term Technical Rank by InvestorsObserver of 26, putting it in the bottom half of stocks. The firm set a 52-week low on October 24, 2022 at $23.66 and set a 52-week high on August 4, 2022 at $40.89.

Autohome Inc is an automotive Internet platform. The company through its subsidiaries is primarily engaged in the provision of media services, leads generation services, and online marketplace in the People's Republic of China. The firm delivers comprehensive, independent, and interactive content to automobile buyers & owners and also offers transaction services. It also provides subscription services to dealers, which allow them to market their inventory and services through the company's websites and mobile applications. All of its revenue is derived from China.