-$0.41 EPS Expected for LAIX Inc. (NASDAQ:LAIX) This Quarter

Wall Street brokerages forecast that LAIX Inc. (NASDAQ:LAIX) will report earnings of ($0.41) per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for LAIX’s earnings. The company is expected to report its next quarterly earnings report on Tuesday, August 27th.

On average, analysts expect that LAIX will report full-year earnings of ($1.54) per share for the current year. For the next year, analysts anticipate that the business will post earnings of ($1.13) per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for LAIX.

LAIX (NASDAQ:LAIX) last released its earnings results on Tuesday, May 28th. The company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.23. The firm had revenue of $37.74 million during the quarter.

Separately, Zacks Investment Research cut shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st.

An institutional investor recently bought a new position in LAIX stock. BlackRock Inc. bought a new position in shares of LAIX Inc. (NASDAQ:LAIX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,570 shares of the company’s stock, valued at approximately $65,000.

Shares of NASDAQ:LAIX remained flat at $$10.05 during midday trading on Monday. 18,496 shares of the company traded hands, compared to its average volume of 11,967. LAIX has a twelve month low of $7.01 and a twelve month high of $16.50. The business has a 50 day moving average price of $10.01.

LAIX Company Profile

LAIX Inc, an artificial intelligence company, provides online English learning services through Liulishuo mobile app in the People's Republic of China. It is also involved in the artificial intelligence lab operation; technology development; and loan arrangement activities. The company was formerly known as LingoChamp Inc LAIX Inc was founded in 2013 and is headquartered in Shanghai, the People's Republic of China.

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