Rakuten (RKUNY) Expected to Release Earnings on Thursday

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

Rakuten (OTCMKTS:RKUNY) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.09. Rakuten had a negative return on equity of 5.09% and a negative net margin of 2.48%. The firm had revenue of $4.18 billion during the quarter, compared to the consensus estimate 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 Price Performance

OTCMKTS:RKUNY opened at $4.11 on Tuesday. The firm’s fifty day moving average price is $4.26 and its 200 day moving average price is $4.86. Rakuten has a 1-year low of $3.78 and a 1-year high of $7.04. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.64.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Rakuten to a “hold” rating in a research report on Friday, September 25th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has a consensus 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.