Dada Nexus Ltd reports results for the quarter - Earnings Summary

Dada Nexus

14/11/2024 03:56

* Dada Nexus Ltd  DADA.OQ  reported a quarterly adjusted
loss of 6
fen​​ per share for the quarter , lower than the same quarter
last year, when the company reported EPS of -1 cents.  The mean
expectation of five analysts for the quarter was for a loss
of 78 fen per share. Wall Street expected results to range from
-98 fen to -66 fen per share.
    * Revenue fell 15.2% to CNY2.43 billion from a year ago;
analysts
expected CNY2.37 billion. 
    * The company reported a quarterly loss of CNY197.33
million.
    * Dada Nexus Ltd shares had fallen by 18.2% this quarter and
lost 53.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 18.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Dada Nexus Ltd is
2.10 
This summary was machine generated from LSEG data November 14 at
03:56 a.m. UTC. ​All figures in US dollars 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.78          -0.06          Beat
 Jun. 30 2024      -0.72          -0.14          Beat
 Mar. 31 2024      -0.49          -0.72          Missed
 Dec. 31 2023      0.60           -0.15          Missed