Dada Nexus Ltd expected to post earnings of 64 fen a share - Earnings Preview

Dada Nexus

04/03/2024 11:01

* Dada Nexus Ltd  DADA.OQ   DADA.O  is expected to show a
rise in
quarterly revenue when it reports  results on March 6
(estimated) for the period ending December 31 2023
    * The Shanghai-based  company is expected to report a
16.2% increase in revenue to CNY3.115 billion from CNY2.68
billion a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on November
14 2023, for the period ended December 31, was for revenue
between CNY3.00 billion and CNY3.30 billion.
    * ​LSEG's mean analyst estimate for Dada Nexus Ltd is for
earnings
of 64 fen per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 1
"hold" and 2 "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
$6.00​, above​ its last closing price of $2.18. ​​​

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  
 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. 31 2022  -0.77       -0.78      -0.72     Beat    7.9
 ​​Sep.        -1.20       -1.28      -1.04     Beat    18.9
 30 2022                                                
 Jun. 30 2022  -1.67       -1.67      -1.64     Beat    1.9​
 Mar. 31 2022  -1.58       -1.62      -1.98     Missed  -22.1
 Dec. 31 2021  -2.17       -2.17      -2.04     Beat    5.8
 This summary was machine generated March 4 at 11:01 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)