Youdao Inc DAO.N reported quarterly adjusted earnings of 68 fen per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 17 fen. The lone analyst forecast for the quarter was for earnings of 21 fen per share.
Revenue fell 6.7% to CNY1.30 billion from a year ago; analysts expected CNY1.38 billion.
The company reported quarterly net income of CNY76.74 million.
Youdao Inc shares had risen by 13.8% this quarter and gained 17.3% so far this year.
FORECAST CHANGES
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 6 "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 $11.00
This summary was machine generated from LSEG data May 15 at 01:31 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)