Dada Nexus Ltd expected to post a loss of 8 fen a share - Earnings Preview

Dada Nexus

07/05/2024 24:25

* Dada Nexus Ltd  DADA.OQ   DADA.O  is expected to show a
rise in
quarterly revenue when it reports  results on May 8 (estimated)
for the period ending March 31 2024
    * The Shanghai-based  company is expected to report a
3.4% increase in revenue to CNY2.663 billion from CNY2.58
billion a year ago, according to the estimate from one analyst,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Dada Nexus Ltd is for a
loss
of 8 fen per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 6.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Dada Nexus
Ltd is
$5.20​, above​ its last closing price of $2.05. ​​​

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  
 Dec. 31 2023              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. 31 2023  -0.62       -0.48      -0.72     Missed  -51.3
 ​​Dec.        -0.77       -0.78      -0.72     Beat    7.9
 31 2022                                                
 Jan. 1 0001   -1.20       -1.28      -1.04     Beat    18.9​
 Jun. 30 2022  -1.67       -1.67      -1.64     Beat    1.9
 Mar. 31 2022  -1.58       -1.62      -1.98     Missed  -22.1
 This summary was machine generated May 6 at 23:25 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)