Dada Nexus Ltd expected to post a loss of 72 fen a share - Earnings Preview

Dada Nexus

16/08/2024 21:27

* Dada Nexus Ltd  DADA.OQ   DADA.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 20 for the
period ending June 30 2024
    * The Shanghai-based  company is expected to report a
18.4% decrease in revenue to $2.292 billion from $2.81 billion a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Dada Nexus Ltd is for a
loss
of 72 fen per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Dada Nexus
Ltd is
$3.60​, above​ its last closing price of $1.31. ​​​

Previous quarterly performance (using preferred earnings measure
in Chinese yuan renminbi). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.50       -0.49      -0.72     Missed  -46.6
 Jan. 1 2024               0.60       -0.15     Missed  -125.1
 Sep. 30 2023  -0.06       -0.05      -0.01     Beat    80.8​
 Jun. 30 2023  0.02        0.02       0.04      Beat    140
 ​​Mar.        -0.62       -0.48      -0.72     Missed  -51.3
 31 2023                                                
 Dec. 31 2022  -0.77       -0.78      -0.72     Beat    7.9​
 Sep. 30 2022  -1.20       -1.28      -1.04     Beat    18.9
 Jun. 30 2022  -1.67       -1.67      -1.64     Beat    1.9
 This summary was machine generated August 16 at 20:27 GMT.  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)