Youdao Inc reports results for the quarter - Earnings Summary

Youdao

14/11/2024 21:00

* Youdao Inc  DAO.N  reported quarterly adjusted earnings of
76
cents​​ per share for the quarter , higher than the same quarter
last year, when the company reported EPS of -55 fen.  The mean
expectation of two analysts for the quarter was for earnings of
41 fen per share. Wall Street expected results to range from 6
fen to 76 cents per share.
    * Revenue rose 2.2% to CNY1.57 billion from a year ago;
analysts
expected $1.69 billion. 
    * The company reported quarterly net income of CNY86.25
million.
    * Youdao Inc shares had risen by 16.4% this quarter and
gained 22.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 46%
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 9 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Youdao Inc is
5.46 
This summary was machine generated from LSEG data November 14 at
09:00 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
 Sep. 30 2024      0.41           0.76           Beat
 Jun. 30 2024      -1.86          -0.82          Beat
 Mar. 31 2024      -0.83          0.17           Beat
 Dec. 31 2023      0.31           0.58           Beat