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

RLX Technology

17/05/2024 14:51

* RLX Technology Inc  RLX.N  reported quarterly adjusted
earnings
of 16 fen​​ per share for the quarter ended in March.  The lone
analyst forecast for the quarter was for earnings of 16 fen per
share. 
    * Revenue was CNY551.62 million​; analysts expected $526.75
million. 
    * RLX Technology Inc's reported EPS for the quarter was 10
fen​.
    * The company reported quarterly net income of $131.91
million.
    * RLX Technology Inc shares had risen by 12.0% this
quarter and
gained 7.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 14.3%
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 $2.71 
This summary was machine generated from LSEG data May 17 at
01:51 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      0.16           0.16           Met
 Dec. 31 2023      0.14           0.33           Beat
 Sep. 30 2023      0.10           0.15           Beat
 Jun. 30 2023      0.03           0.06           Beat