Kingsoft Cloud Holdings Ltd reports results for the quarter ended in September - Earnings Summary

Kingsoft Cloud Holdings

21/11/2023 16:48

* Kingsoft Cloud Holdings Ltd  3896.HK  reported a quarterly
adjusted loss of 9 fen​​ per share for the quarter ended in
September.  The mean expectation of two analysts for the quarter
was for a loss of 69 fen per share. Wall Street expected
results to range from CNY-1.28 to -10 fen per share.
    * Revenue was CNY1.63 billion​; analysts expected CNY1.93
billion. 
    * Kingsoft Cloud Holdings Ltd's reported EPS for the quarter
was a
loss of 22 fen​.
    * Kingsoft Cloud Holdings Ltd shares had risen by 6.6% this
quarter and gained 31.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "hold"

Wall Street's median 12-month price target for Kingsoft Cloud
Holdings Ltd is HK$3.40 
This summary was machine generated from LSEG data November 21 at
04:48 p.m. UTC. ​All figures in Chinese yuan renminbi unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.69          -0.09          Beat
 Jun. 30 2023      -0.75          -0.09          Beat
 Mar. 31 2023      -1.58          -0.12          Beat