Rakuten (OTCMKTS:RKUNY) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Rakuten (OTCMKTS:RKUNYGet Free Report) issued its earnings results on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07, Zacks reports. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.92 billion. Rakuten had a negative return on equity of 9.99% and a negative net margin of 4.83%.

Rakuten Price Performance

RKUNY traded down $0.01 during trading on Friday, reaching $4.98. The company’s stock had a trading volume of 60,028 shares, compared to its average volume of 87,883. 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 firm has a fifty day simple moving average of $4.89 and a two-hundred day simple moving average of $5.68. Rakuten has a 1 year low of $4.50 and a 1 year high of $7.04. The company has a market cap of $10.83 billion, a price-to-earnings ratio of -13.46 and a beta of 1.15.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Rakuten from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Read Our Latest Stock Report on RKUNY

Rakuten Company Profile

(Get Free Report)

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.

See Also

Earnings History for Rakuten (OTCMKTS:RKUNY)

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