SunCar Technology Group (SDA) to Release Earnings on Thursday

SunCar Technology Group (NASDAQ:SDAGet Free Report) is expected to post its results before the market opens on Thursday, March 19th. Analysts expect SunCar Technology Group to post earnings of $0.03 per share for the quarter.

SunCar Technology Group (NASDAQ:SDAGet Free Report) last issued its quarterly earnings data on Thursday, December 18th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The company had revenue of $115.80 million during the quarter, compared to the consensus estimate 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 Stock Performance

Shares of SunCar Technology Group stock opened at $1.99 on Thursday. The company has a market capitalization of $206.24 million, a PE ratio of -28.43 and a beta of 0.08. The company has a 50-day simple moving average of $2.06 and a two-hundred day simple moving average of $2.14. SunCar Technology Group has a one year low of $1.54 and a one year high of $5.00.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. BTIG Research reaffirmed a “buy” rating and issued a $6.00 price objective on shares of SunCar Technology Group in a research report on Monday, December 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of SunCar Technology Group in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, SunCar Technology Group presently has a consensus rating of “Hold” and a consensus target price of $4.75.

Check Out Our Latest Research Report on SDA

About SunCar Technology Group

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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.

Further Reading

Earnings History for SunCar Technology Group (NASDAQ:SDA)

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