Dada Nexus (DADA) Set to Announce Quarterly Earnings on Wednesday

Dada Nexus (NASDAQ:DADA - Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, May 15th. Analysts expect Dada Nexus to post earnings of $0.04 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Dada Nexus (NASDAQ:DADA - Get Free Report) last posted its quarterly earnings results on Monday, March 25th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.09). The company had revenue of $381.95 million for the quarter, compared to analyst estimates of $436.80 million. Dada Nexus had a negative return on equity of 14.07% and a negative net margin of 22.62%. On average, analysts expect Dada Nexus to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Dada Nexus Trading Down 6.0 %

Shares of NASDAQ:DADA traded down $0.12 during trading on Friday, hitting $1.88. 2,151,321 shares of the company were exchanged, compared to its average volume of 1,597,919. The stock has a market cap of $497.33 million, a price-to-earnings ratio of -1.44 and a beta of 1.46. Dada Nexus has a fifty-two week low of $1.36 and a fifty-two week high of $7.03. The firm has a fifty day moving average price of $2.13 and a two-hundred day moving average price of $2.59.

Analyst Ratings Changes

Several research analysts have weighed in on DADA shares. Mizuho lowered their price target on Dada Nexus from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Wednesday, January 17th. Daiwa Capital Markets raised Dada Nexus from a "neutral" rating to a "buy" rating and set a $3.50 target price on the stock in a report on Tuesday, February 20th. The Goldman Sachs Group started coverage on Dada Nexus in a report on Thursday, April 25th. They issued a "neutral" rating and a $2.10 price objective on the stock. Finally, New Street Research reaffirmed a "neutral" rating and issued a $2.00 price objective (down from $15.00) on shares of Dada Nexus in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $4.85.

Dada Nexus Company Profile

Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People's Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners.