Jul. 3 at 2:13 PM
$NIU Strong sales #s. Based on average selling price for the last Q, and not including any accessories/service revenues, the total revenues would
$1.51B or so RMBs. or about
$220M. Equates to .10 to .15/share profitability. Assuming accessory and service sales of another
$20M or so would put total revenues at
$240M or so. Equates to .15 to .20 profitability per share. Profitability may be higher if, per the last Q's release, the advertising/promotional spending was front-loaded for the year. Also, the total assumed revenues of 1.65 to 1.70B RMBs is mid-range to what the company projected they'd do for the Q.
That said, the share price is down about 60% from its high last Summer, and down 15% from where it traded after last Q's earnings release.
The numbers are strong, but within the range of guidance outlined by the company last Q. We 'should' see a relief rally Monday morning, and 'should' see the stock rebound to the 2.30 to 2.50 range by close Monday. Time will tell.
