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

Dada Nexus

25/03/2024 23:23

* Dada Nexus Ltd  DADA.OQ  reported a quarterly adjusted
loss
of 15 fen​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of -72 fen.  The mean expectation of four analysts for the
quarter was for earnings of 60 fen per share. Wall Street
expected results to range from 57 fen to 62 fen per share.
    * Revenue rose 2.7% to CNY2.75 billion from a year ago;
analysts
expected CNY3.11 billion. 
    * Dada Nexus Ltd's reported EPS for the quarter was a loss
of
CNY1.22​.
    * Dada Nexus Ltd shares had fallen by 30.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.2%
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 11 "strong buy" or "buy," 1
"hold" and 2 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Dada Nexus
Ltd is
$6.00 

This summary was machine generated from LSEG data March 25 at
11:23 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.60           -0.15          Missed
 Sep. 30 2023      -0.05          -0.01          Beat
 Jun. 30 2023      0.02           0.04           Beat
 Mar. 31 2023      -0.48          -0.72          Missed