Factors To Consider Ahead Of Autohome's (ATHM) Q2 Earnings
Zacks Investment Research | Aug 04, 2019 10:19PM ET
Autohome Inc. (NYSE:ATHM) is scheduled to report second-quarter 2019 results on Aug 7.
The company surpassed the Zacks Consensus Estimate for earnings in the trailing four quarters, with an average positive earnings surprise of 9.3%.
Q1 at a Glance
Autohome had reported first-quarter 2019 non-GAAP earnings of 87 cents per share which beat the Zacks Consensus Estimate by 8.8%.
Revenues of $240.2 million surpassed the Zacks Consensus Estimate of $237 million. The figure was also higher than the year-ago quarter’s revenues of approximately $205 million.
What to Expect in Q2
Autohome projects second-quarter revenues in the range of $339 million to $343.5 million. The Zacks Consensus Estimate for revenues stands at $331.54 million, suggesting growth of 17.4% from the year-ago reported figure.
The Zacks Consensus Estimate for second-quarter earnings declined 3.7% over the past 30 days to $1.03 per share. Nonetheless, the figure indicates an improvement of 8.4% from the year-ago reported figure.
Let’s see how things are shaping up prior to this announcement.
Factors Likely to Influence Q2 Results
Autohome’s second-quarter results are expected to benefit from strength in its diversified product portfolio and solid media business amid weakness in automobile market and lingering macroeconomic woes.
Robust volume growth in traffic and initiatives to expand lead generation business are likely to drive the to-be-reported quarter’s top line. Moreover, incremental adoption of recently launched Carso, an intelligent search engine, is expected to enable Autohome in bolstering traffic growth.
Further, growing demand for used cars and vehicles sales leads in the marketplace and continued cost cutting measures from the company’s end is expected to positively impact the to-be-reported quarter results.
Autohome Inc. Price and EPS Surprise
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