Chagee Holdings Ltd CHA.OQ reported quarterly adjusted earnings of 35 fen per share for the quarter ended June 30. The lone analyst forecast for the quarter was for earnings of 64 fen per share.
Revenue was CNY3.33 billion; analysts expected CNY3.67 billion.
The company reported quarterly net income of CNY69.54 million.
Chagee Holdings Ltd shares had fallen by 15.7% this quarter.
FORECAST CHANGES
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the restaurants & bars peer group is also "buy"
Wall Street's median 12-month price target for Chagee Holdings Ltd is $35.40, about 37.9% above its last closing price of $22.00
This summary was machine generated from LSEG data August 29 at 01:31 p.m. UTC. All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)