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

Dada Nexus

11/05/2023 24:56

* Dada Nexus Ltd  DADA.OQ  reported a quarterly adjusted
loss
of 72 fen​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for a loss of 48
fen per share.
    * Revenue rose 27.2% to CNY2.58 billion from a year ago;
analysts
expected CNY2.57 billion. 
    * Dada Nexus Ltd's reported EPS for the quarter was a loss
of
CNY1.36​.
    * The mean earnings estimate of analysts had fallen by
about 42.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Dada Nexus Ltd shares had fallen by 30.0% this quarter and
lost 14.9% so far this year.
    * The company reported a quarterly loss of CNY350.45
million.
    * Wall Street's median 12-month price target for Dada Nexus
Ltd is
$14.60 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 17 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 11:56 p.m. UTC. ​All figures in Chinese yuan renminbi
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.48          -0.72          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