PDD (NASDAQ:PDD - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 22nd. Analysts expect PDD to post earnings of $1.44 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.
PDD (NASDAQ:PDD - Get Free Report) last announced its earnings results on Wednesday, March 20th. The company reported $2.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.81. PDD had a net margin of 24.23% and a return on equity of 39.10%. The business had revenue of $12.52 billion for the quarter, compared to analyst estimates of $11.80 billion. On average, analysts expect PDD to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.
PDD Stock Performance
PDD traded up $2.08 on Thursday, hitting $143.38. 9,867,650 shares of the stock traded hands, compared to its average volume of 8,379,728. The business has a fifty day moving average price of $124.06 and a two-hundred day moving average price of $129.34. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.03. PDD has a 52 week low of $59.98 and a 52 week high of $152.99. The firm has a market capitalization of $197.27 billion, a PE ratio of 25.00, a P/E/G ratio of 0.36 and a beta of 0.67.
Analyst Upgrades and Downgrades
PDD has been the subject of several research reports. Jefferies Financial Group lifted their target price on PDD from $157.00 to $161.00 and gave the company a "buy" rating in a research note on Thursday, March 21st. The Goldman Sachs Group downgraded shares of PDD from a "buy" rating to a "neutral" rating and set a $136.00 price target for the company. in a research note on Monday, March 11th. JPMorgan Chase & Co. lowered their target price on shares of PDD from $195.00 to $190.00 and set an "overweight" rating for the company in a report on Thursday, March 21st. Citigroup raised their price target on PDD from $170.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, March 21st. Finally, Benchmark upped their price objective on PDD from $215.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, March 21st. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $146.85.
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About PDD
(
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PDD Holdings Inc, a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace.
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