Jaffray will increase its rating target price by 77 USD

Beijing time November 12 Morning news, the U.S. investment company sent Jay Today published research report, the only product will (Nyse:vips) stock rating maintained in the "overweight" (overweight) unchanged, the target price of 77 U.S. dollars.

The following is a summary of the contents of the report:

Third-quarter earnings continued to show Better-than-expected growth and profit margins rose

Conclusion：

Only the third-quarter revenues were 5% higher than Wall Street analysts ' average, earning $0.26 per share and exceeding the analyst's average forecast of $0.21 trillion. In this quarter, the only product will be revenue and profitability continue to show a positive trend of development.

The main factor contributing to the third-quarter revenue growth was a strong increase in orders (up 116% in the second quarter, 134% per cent year-on-year) and a strong increase in average revenue for each order (USD 32.58 in the second quarter of USD 31.91), while the main factor driving earnings growth per share was gross margin (24.2%, The second quarter was 23.5%) and performance expenditures (11.5% in revenue and 12.2% in the second quarter).

Only products will be in the United States Eastern Time 12th 8 o'clock (Beijing time 12th 21 o'clock) to hold a financial conference call.

-Only the third-quarter revenue of the goods will be 383.7 million U.S. dollars, higher than the Wall Street analyst average forecast of 364.7 million U.S. dollars;

-Not in accordance with U.S. general accounting standards, the only goods will be 0.26 U.S. dollars in the third quarter, higher than the average Wall Street analyst expected 2.21 U.S. dollars, according to the U.S. General accounting standards, the third quarter of the goods will be 0.21 U.S. dollars per share, but also higher than the average analyst expected 0.17 dollars;

-Only products will be active in the third quarter of the number of users 4 million, the chain increase of 500,000 people, the same period last year 1.7 million people;

-Only the third-quarter order volume grew 116% to 11.7 million, compared with a year-on-year increase of 134% to 11 million in the second quarter;

-Only the third quarter, the average income per order was 32.58 U.S. dollars, an increase of 13%, the second quarter to 31.91 U.S. dollars, the year-on-year growth of 11%;

-Only the third quarter operating profit margin of 3.1%, the previous quarter of 1.9%, the same period last year-2.1%.