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

Dada Nexus

16/05/2024 24:08

* Dada Nexus Ltd  DADA.OQ  reported a quarterly adjusted
loss
of 72 fen​​ per share for the quarter ended in March, identical
to the same quarter last year.  The mean expectation of
five analysts for the quarter was for a loss of 49 fen per
share. Wall Street expected results to range from -54 fen to -44
cents per share.
    * Revenue fell 4.8% to CNY2.45 billion from a year ago;
analysts
expected CNY2.57 billion. 
    * The company reported a quarterly loss of CNY327.97
million.
    * Dada Nexus Ltd shares had fallen by 5.9% this quarter and
lost 41.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 320.7% 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 10 "strong buy" or "buy," 2
"hold" and 2 "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
$4.20 
This summary was machine generated from LSEG data May 15 at
11:08 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
 Mar. 31 2024      -0.49          -0.72          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