PDD (PDD) Projected to Post Quarterly Earnings on Thursday

PDD (NASDAQ:PDD - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Thursday, March 20th. Analysts expect PDD to post earnings of $2.56 per share and revenue of $115.77 billion for the quarter.

PDD Price Performance

PDD stock traded up $3.78 during trading on Friday, hitting $122.54. 7,164,256 shares of the stock traded hands, compared to its average volume of 8,541,944. PDD has a one year low of $88.01 and a one year high of $164.69. The stock has a market cap of $168.60 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 0.32 and a beta of 0.69. The company has a 50 day simple moving average of $112.87 and a 200 day simple moving average of $111.96. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Benchmark lowered their price objective on shares of PDD from $185.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. JPMorgan Chase & Co. cut shares of PDD from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $170.00 to $105.00 in a research report on Friday, November 22nd. Jefferies Financial Group lowered their price objective on shares of PDD from $181.00 to $171.00 and set a "buy" rating for the company in a research report on Thursday, November 21st. Finally, Dbs Bank cut shares of PDD from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $173.40.

About PDD

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.