PDD (PDD) Expected to Announce Earnings on Wednesday

Key Points

• PDD is expected to report Q3 2026 results before the market opens Wednesday, November 18; analysts forecast earnings of $2.77 per share and revenue of $17.18 billion.
• Analyst sentiment is mixed: the consensus rating is Hold with a $107.31 price target, while recent changes include Morgan Stanley’s downgrade to Equalweight and a target cut to $90.
• Investors are watching for Temu-related costs, which Goldman Sachs flagged as a potential concern ahead of the earnings report.

PDD (NASDAQ:PDD - Get Free Report) is anticipated to announce its Q3 2026 results before the market opens on Wednesday, November 18th. Analysts expect PDD to announce earnings of $2.77 per share and revenue of $17.18 billion for the quarter. Parties can check the company's upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Tuesday, November 17, 2026 at 7:30 AM ET.

PDD (NASDAQ:PDD - Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported $2.84 EPS for the quarter. The company had revenue of $16.54 billion during the quarter. PDD had a return on equity of 22.29% and a net margin of 20.73%. On average, analysts expect PDD to post $10.02 EPS for the current fiscal year and $12.00 EPS for the next fiscal year.

PDD Price Performance

NASDAQ:PDD opened at $79.40 on Wednesday. The company has a fifty day moving average price of $79.63 and a 200 day moving average price of $90.28. The stock has a market cap of $113.02 billion, a P/E ratio of 8.74, a PEG ratio of 0.64 and a beta of -0.03. PDD has a one year low of $71.94 and a one year high of $139.12.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PDD shares. JPMorgan Chase & Co. decreased their price objective on PDD from $110.00 to $95.00 and set a "neutral" rating on the stock in a report on Thursday, September 10th. Benchmark cut their price target on shares of PDD from $127.00 to $114.00 and set a "buy" rating for the company in a report on Tuesday, August 25th. Weiss Ratings upgraded shares of PDD from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, October 27th. Bank of America reaffirmed a "neutral" rating on shares of PDD in a research note on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft raised shares of PDD from a "hold" rating to a "buy" rating in a report on Thursday, October 29th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, PDD presently has an average rating of "Hold" and a consensus price target of $107.31.

Key PDD News

Here are the key news stories impacting PDD this week:

• Positive Sentiment: A report puts the average analyst price target at $107.31, above the stock’s recent level. Article: PDD Holdings Inc. Sponsored ADR Stock Has Average Price Target of $107.31
• Neutral Sentiment: A short-interest report lists zero shares short as of November 10, which conflicts with its claim of a significant increase; the figure therefore offers little clear trading signal.
• Negative Sentiment: Morgan Stanley cut PDD to Equalweight from Overweight and lowered its price target to $90 from $129, citing risks around capital returns. The downgrade adds to concerns weighing on the shares. Article: PDD drops as Morgan Stanley cuts to Equalweight on capital return risks
• Negative Sentiment: Goldman Sachs flagged Temu-related costs ahead of PDD’s earnings test. Investor concern that these expenses could pressure profitability or growth expectations may continue to weigh on the stock. Article: PDD Holdings stock faces earnings test as Goldman flags Temu costs

PDD Company Profile

PDD Holdings Inc. operates e-commerce platforms that connect consumers with merchants and other suppliers. Its businesses include Pinduoduo, a marketplace focused on China, and Temu, an international online marketplace. Pinduoduo uses interactive shopping features, including group buying, and offers products across categories such as groceries, apparel, home goods and electronics. The platform has also emphasized agricultural products, connecting farmers with consumers and other buyers. Temu serves customers in multiple markets outside China and offers a wide range of merchandise from suppliers and brands.

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