• Cango Inc CANG.N reported a quarterly adjusted loss of CNY19.77​​ per share for the quarter ended June 30. The mean expectation of two analysts for the quarter was for a loss of 61 fen per share. Wall Street expected results to range from -65 fen to -57 fen per share.

• Revenue was CNY1.00 billion​; analysts expected CNY961.78 million.

• Cango Inc's reported EPS for the quarter was a loss of CNY19.77​.

• The company reported a quarterly loss of CNY2.12 billion.

• Cango Inc shares had held steady so far this quarter and gained 10.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the blockchain & cryptocurrency peer group is also "buy"

• Wall Street's median 12-month price target for Cango Inc is $8.00, about 40.9% above its last closing price of $4.73

This summary was machine generated from LSEG data September 4 at 09:42 p.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)