Youdao (NYSE:DAO) Posts Quarterly Earnings Results

Key Points

• Youdao reported a quarterly earnings per share (EPS) of ($0.02) amid revenues of $197.82 million, significantly below analyst estimates of $1.38 billion.
• The company's stock price increased 5.0% to $10.25, with a market capitalization of $1.22 billion and a P/E ratio of 56.92.
• Analysts at Wall Street Zen upgraded Youdao from a "hold" rating to a "buy" rating, indicating increased confidence in the company's stock performance.

Youdao (NYSE:DAO - Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, reports. The firm had revenue of $197.82 million for the quarter, compared to the consensus estimate of $1.38 billion. Youdao had a net margin of 4.05% and a negative return on equity of 12.10%.

Youdao Stock Performance

Youdao stock traded up $0.0750 on Wednesday, reaching $9.1750. The company's stock had a trading volume of 88,002 shares, compared to its average volume of 123,339. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 32.77 and a beta of 0.24. The business's fifty day moving average price is $8.80 and its 200 day moving average price is $8.68. Youdao has a twelve month low of $3.00 and a twelve month high of $11.82.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Youdao from a "buy" rating to a "hold" rating in a research report on Sunday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

Youdao Company Profile

Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.