Brokerages Anticipate Iclick Interactive Asia Group Ltd (ICLK) to Announce ($0.03) EPS

Shares of Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus price objective of $12.13 for the company and are forecasting that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also assigned Iclick Interactive Asia Group an industry rank of 167 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research cut Iclick Interactive Asia Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th.

Several hedge funds have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of Iclick Interactive Asia Group in the second quarter worth $762,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Iclick Interactive Asia Group in the second quarter worth $168,000. Finally, Millennium Management LLC purchased a new position in shares of Iclick Interactive Asia Group in the first quarter worth $121,000. Hedge funds and other institutional investors own 1.02% of the company’s stock.

ICLK stock opened at $3.45 on Wednesday. Iclick Interactive Asia Group has a 1-year low of $3.30 and a 1-year high of $11.40. The firm has a market capitalization of $172.19 million and a PE ratio of -4.48.

Iclick Interactive Asia Group (NASDAQ:ICLK) last posted its quarterly earnings results on Thursday, August 23rd. The company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The business had revenue of $42.70 million during the quarter, compared to analysts’ expectations of $40.34 million. As a group, research analysts expect that Iclick Interactive Asia Group will post -0.09 EPS for the current fiscal year.

About Iclick Interactive Asia Group

iClick Interactive Asia Group Limited, together with its subsidiaries, provides online marketing services in the People's Republic of China, Hong Kong, and internationally. The company offers mobile audience solutions, which are non-search engine marketing solutions designed to identify, engage, and activate audience on mobile apps, and monitor and measure the results of online marketing activities on such channels; and other solutions that focuses on identifying, engaging, and activating audience on non-mobile app content distribution channels comprising PC banner displays, PC video advertisements, and search engine marketing.

Featured Article: Closed-End Mutual Funds (CEFs)

Get a free copy of the Zacks research report on Iclick Interactive Asia Group (ICLK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Iclick Interactive Asia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iclick Interactive Asia Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply