Gridsum (GSUM) Releases Earnings Results, Misses Expectations By $-2.01 EPS

Gridsum (GSUM) announced its most recent quarterly financial results on Monday, Nov-21-2016. GSUM reported $-2.10 earnings per share for the quarter, missing the analyst consensus estimate by $-2.01. Analysts had a consensus of $-0.09. The company posted revenue of $98.70 million in the period, compared to analysts expectations of $97.70 million. GSUM’s revenue was up 69.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-2.90 EPS.

Many Wall Street Analysts have commented on Gridsum. Stifel Initiated Gridsum on Oct 18, 2016 to “Buy”, Price Target of the shares are set at $21.Goldman Initiated Gridsum on Oct 18, 2016 to “Buy”, Price Target of the shares are set at $20.60.

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