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

Youdao

24/08/2023 14:33

* Youdao Inc  DAO.N  reported a quarterly adjusted loss of
CNY2.32​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for a loss of CNY2.67 per
share.
    * Revenue rose 26.2% to CNY1.21 billion from a year ago;
analysts
expected CNY1.15 billion. 
    * The mean earnings estimate of analysts had fallen by
about 45%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Youdao Inc shares had fallen by 21.8% this quarter and
lost 29.9% so far this year.
    * The company reported a quarterly loss of CNY299.16
million.
    * Wall Street's median 12-month price target for Youdao Inc
is
$7.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 9 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 24 at 01:33 p.m. UTC. ​All figures in Chinese yuan
renminbi unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -2.67          -2.32          Beat
 Mar. 31 2023      -1.29          -1.59          Missed
 Dec. 31 2022      -0.28          0.25           Beat
 Sep. 30 2022      -0.86          -1.33          Missed