Kingsoft Cloud (KC) Projected to Post Quarterly Earnings on Wednesday

Kingsoft Cloud (NASDAQ:KC - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Wednesday, May 28th. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $2.20 billion for the quarter.

Kingsoft Cloud (NASDAQ:KC - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.06. Kingsoft Cloud had a negative return on equity of 19.13% and a negative net margin of 28.41%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the company posted $0.08 EPS. The business's revenue was up 29.6% on a year-over-year basis. On average, analysts expect Kingsoft Cloud to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Kingsoft Cloud Trading Down 2.6%

Shares of KC traded down $0.35 during mid-day trading on Monday, reaching $13.06. 1,958,866 shares of the company were exchanged, compared to its average volume of 2,768,253. The business has a 50 day simple moving average of $13.57 and a two-hundred day simple moving average of $12.55. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $3.59 billion, a PE ratio of -10.88 and a beta of 2.24. Kingsoft Cloud has a 52 week low of $2.02 and a 52 week high of $22.26.

Wall Street Analysts Forecast Growth

KC has been the topic of a number of recent analyst reports. Nomura upgraded shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $18.30 price target on the stock in a research report on Monday, May 5th. Nomura Securities raised shares of Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 5th.

Hedge Funds Weigh In On Kingsoft Cloud

An institutional investor recently raised its position in Kingsoft Cloud stock. Goldman Sachs Group Inc. lifted its stake in shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC - Free Report) by 9.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 133,634 shares of the company's stock after acquiring an additional 11,720 shares during the period. Goldman Sachs Group Inc.'s holdings in Kingsoft Cloud were worth $1,919,000 at the end of the most recent reporting period. 13.40% of the stock is currently owned by institutional investors and hedge funds.

About Kingsoft Cloud

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, network, database, big data, security, storage, and delivery solutions.