eHi Car Services Limited (EHIC) Tops Q2 EPS by 1c, Miss on Revenues; Offers 3Q & FY17 Revenue Outlook

eHi Car Services Limited (NYSE: EHIC) reported Q2 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $94.37 million versus the consensus estimate of $98.55 million.

Outlook

The Company estimates that net revenues for the third quarter of 2017 will range from RMB780 million to RMB800 million, and for full year of 2017 will be RMB2.9 billion. This outlook reflects the Company's current and preliminary view, which is subject to change.

GUIDANCE:

eHi Car Services Limited sees FY2017 revenue of $440 million, versus the consensus of $432.33 million.

• Net revenues increased by 27.6% year-over-year to RMB639.7million
• Net income was RMB30.4 million comparing to RMB0.8 million year-over-year
• Non-GAAP adjusted EBITDA increased by 31.4% year-over-year to RMB286.2 million
• Continued margin expansion by achieving non-GAAP adjusted EBITDA margin of 44.7%

For earnings history and earnings-related data on eHi Car Services Limited (EHIC) click here.

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