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

Dada Nexus

15/08/2023 23:31

* Dada Nexus Ltd  DADA.OQ  reported quarterly adjusted
earnings of
4 fen​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
2 fen per share.
    * Revenue rose 23.2% to CNY2.81 billion from a year ago;
analysts
expected CNY2.80 billion. 
    * Dada Nexus Ltd's reported EPS for the quarter was a loss
of 60
fen​.
    * The mean earnings estimate of analysts had fallen by
about 74.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Dada Nexus Ltd shares had risen by 0.4% this quarter and
lost 23.5% so far this year.
    * The company reported a quarterly loss of CNY158.73
million.
    * Wall Street's median 12-month price target for Dada Nexus
Ltd is
$10.25 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 15 at 10:31 p.m. UTC. ​All figures in Chinese yuan
renminbi unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.02           0.04           Beat
 Mar. 31 2023      -0.48          -0.72          Missed
 Dec. 31 2022      -0.78          -0.72          Beat
 Sep. 30 2022      -1.28          -1.04          Beat