Dada Nexus Ltd reports results for the quarter ended in December - Earnings Summary

Dada Nexus

08/03/2023 23:37

* Dada Nexus Ltd  DADA.OQ  reported a quarterly adjusted
loss
of 72 fen​​ per share for the quarter ended in December. The
mean expectation of six analysts for the quarter was for a loss
of 78 fen per share.
    * Revenue rose 31.9% to CNY2.68 billion from a year ago;
analysts
expected CNY2.67 billion. 
    * Dada Nexus Ltd's reported EPS for the quarter was a loss
of
CNY1.44​.
    * The mean earnings estimate of analysts had risen by
about 17.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Dada Nexus Ltd shares had risen by 39.9% this quarter.
    * The company reported a quarterly loss of CNY370.58
million.
    * Wall Street's median 12-month price target for Dada Nexus
Ltd is
$16.45 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 16 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 8 at 11:37 p.m. UTC. ​All figures in Chinese yuan renminbi
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.78          -0.72          Beat
 Sep. 30 2022      -1.28          -1.04          Beat
 Jun. 30 2022      -1.67          -1.64          Beat
 Mar. 31 2022      -1.62          -1.98          Missed