SunCar Technology Group (SDA) Expected to Announce Earnings on Thursday

by · The Cerbat Gem

SunCar Technology Group (NASDAQ:SDA – Get Free Report) will likely be announcing its results before the market opens on Thursday, March 19th. Analysts expect the company to announce earnings of $0.03 per share for the quarter.

SunCar Technology Group (NASDAQ:SDA – Get Free Report) last issued its earnings results on Thursday, December 18th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The firm had revenue of $115.80 million for the quarter, compared to analyst estimates of $119.44 million. On average, analysts expect SunCar Technology Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

SunCar Technology Group Price Performance

NASDAQ SDA opened at $1.81 on Tuesday. SunCar Technology Group has a twelve month low of $1.54 and a twelve month high of $5.00. The stock has a market cap of $187.59 million, a P/E ratio of -25.86 and a beta of 0.08. The company’s 50-day simple moving average is $2.05 and its 200 day simple moving average is $2.13.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of SunCar Technology Group in a research note on Thursday, January 22nd. BTIG Research restated a “buy” rating and issued a $6.00 price objective on shares of SunCar Technology Group in a research report on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.75.

Check Out Our Latest Analysis on SDA

SunCar Technology Group Company Profile

(Get Free Report)

SunCar Technology Group (NASDAQ: SDA) is a technology-driven developer of range-extending systems for electric vehicles. The company’s flagship offering, SunDrive, integrates a compact internal combustion generator, advanced battery management, thermal management, and proprietary power electronics under unified control software. By combining these elements into a modular platform, SunCar addresses range anxiety and total cost of ownership concerns for light- and medium-duty EV fleets.

Founded in 2016 and headquartered in Shenzhen, China, SunCar serves global customers across ride-hailing, delivery logistics and commercial fleet segments.

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