Youdao Inc reports results for the quarter ended in December - Earnings Summary

Youdao

29/02/2024 14:33

* Youdao Inc  DAO.N  reported quarterly adjusted earnings of
58
fen​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 25
fen.  The mean expectation of two analysts for the quarter was
for earnings of 31 fen per share. Wall Street expected
results to range from 29 fen to 33 fen per share.
    * Revenue rose 1.8% to CNY1.48 billion from a year ago;
analysts
expected CNY1.45 billion. 
    * Youdao Inc's reported EPS for the quarter was 47 fen​.
    * The company reported quarterly net income of CNY56.48
million.
    * Youdao Inc shares had risen by 16.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 19.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Youdao Inc
is
$6.30 

This summary was machine generated from LSEG data February 29 at
02:32 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
 Dec. 31 2023      0.31           0.58           Beat
 Sep. 30 2023      -0.87          -0.55          Beat
 Jun. 30 2023      -2.67          -2.32          Beat
 Mar. 31 2023      -1.29          -1.59          Missed