Kingsoft Cloud Holdings Ltd expected to post a loss of 40 cents a share - Earnings Preview

Kingsoft Cloud Holdings

16/08/2024 15:10

* Kingsoft Cloud Holdings Ltd  3896.HK   is expected to show
a
fall in quarterly revenue when it reports  results on August 20
for the period ending June 30 2024
    * The Beijing-based  company is expected to report a
1.9% decrease
in revenue to CNY1.801 billion from CNY1.84 billion a year ago,
according to the mean estimate from 2 analysts, based on LSEG
data.
    * ​LSEG's mean analyst estimate for Kingsoft Cloud Holdings
Ltd is
for a loss of 40 fen per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Kingsoft
Cloud
Holdings Ltd is HK$2.00​, above​ its last closing price
of HK$1.29. ​​​

This summary was machine generated August 16 at 14:10 GMT.  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)