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

Dada Nexus

22/08/2022 23:31

* Dada Nexus Ltd  DADA.OQ  reported a quarterly adjusted
loss of
CNY1.64​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for a loss of
CNY1.67 per share.
    * Revenue rose 54.7% to CNY2.28 billion from a year ago;
analysts
expected CNY2.25 billion. 
    * Dada Nexus Ltd's reported EPS for the quarter was a loss
of
CNY2.40​.
    * The mean earnings estimate of analysts had fallen by
about 19.3%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Dada Nexus Ltd shares had fallen by 22.9% this quarter and
lost 52.5% so far this year.
    * The company reported a quarterly loss of CNY578.85
million.
    * Wall Street's median 12-month price target for Dada Nexus
Ltd is
$11.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 22
at 10:31 p.m.  ​All figures in Chinese yuan renminbi unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -1.67          -1.64          Beat
 Mar. 31 2022      -1.62          -1.98          Missed
 Dec. 31 2021      -2.17          -2.04          Beat
 Sep. 30 2021      -2.13          -1.92          Beat