RLX Technology Inc reports results for the quarter ended in June - Earnings Summary

RLX Technology

16/08/2024 21:22

* RLX Technology Inc  RLX.N  reported quarterly adjusted
earnings
of 16 fen​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 6
fen.  The lone analyst forecast for the quarter was for earnings
of 18 fen per share. 
    * Revenue rose 65.9% to CNY627.18 million from a year ago;
analysts expected CNY638.38 million. 
    * RLX Technology Inc's reported EPS for the quarter was 10
fen​.
    * The company reported quarterly net income of CNY132.31
million.
    * RLX Technology Inc shares had fallen by 12.0% this
quarter and
lost 19.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the tobacco peer
group
is also "buy"

Wall Street's median 12-month price target for RLX Technology
Inc is $2.73 
This summary was machine generated from LSEG data August 16 at
08:21 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      0.18           0.16           Missed
 Mar. 31 2024      0.16           0.16           Met
 Dec. 31 2023      0.14           0.33           Beat
 Sep. 30 2023      0.10           0.15           Beat