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

Dada Nexus

20/08/2024 23:23

* Dada Nexus Ltd  DADA.OQ  reported a quarterly adjusted
loss
of 14 fen​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of 4 fen.  The mean expectation of five analysts for the quarter
was for a loss of 72 cents per share. Wall Street expected
results to range from -89 fen to -51 fen per share.
    * Revenue fell 16.4% to CNY2.35 billion from a year ago;
analysts
expected CNY2.29 billion. 
    * The company reported a quarterly loss of CNY286.23
million.
    * Dada Nexus Ltd shares had risen by 8.7% this quarter and
lost 58.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 59.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"hold" and 1 "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
$3.60 
This summary was machine generated from LSEG data August 20 at
10:23 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
 Jun. 30 2024      -0.72          -0.14          Beat
 Mar. 31 2024      -0.49          -0.72          Missed
 Dec. 31 2023      0.60           -0.15          Missed
 Sep. 30 2023      -0.05          -0.01          Beat