Ke Holdings Inc reports results for the quarter ended in June - Earnings Summary

KE Holdings

12/08/2024 16:50

* Ke Holdings Inc  2423.HK  reported quarterly adjusted
earnings
of 76 fen​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 65
fen.  The mean expectation of three analysts for the quarter was
for earnings of 63 fen per share. Wall Street expected
results to range from 55 fen to 70 fen per share.
    * Revenue rose 19.9% to CNY23.37 billion from a year ago;
analysts
expected $23.05 billion. 
    * Ke Holdings Inc's reported EPS for the quarter was 54
cents​.
    * The company reported quarterly net income of CNY1.89
billion.
    * Ke Holdings Inc shares had fallen by 5.8% this quarter and
lost 16.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
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 12 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the real estate
services peer group is also "buy"

Wall Street's median 12-month price target for Ke Holdings Inc
is HK$55.00 
This summary was machine generated from LSEG data August 12 at
03:50 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      0.63           0.76           Beat
 Mar. 31 2024      0.28           0.39           Beat
 Dec. 31 2023      0.46           0.48           Beat
 Sep. 30 2023      0.52           0.60           Beat