ZKH Group Ltd reports results for the quarter ended in March - Earnings Summary

ZKH

21/05/2024 15:22

* ZKH Group Ltd  ZKH.N  reported a quarterly adjusted loss
of 27
fen​​ per share for the quarter ended in March.  The lone
analyst forecast for the quarter was for a loss of 44 fen per
share. 
    * Revenue was CNY1.86 billion​; analysts expected CNY1.96
billion. 
    * The company reported a quarterly loss of CNY90.9 million.
    * ZKH Group Ltd shares had fallen by 31.4% this quarter and
lost 32.6% 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 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the diversified
industrial goods wholesale peer group is also "buy"

Wall Street's median 12-month price target for ZKH Group Ltd is
$21.05 
This summary was machine generated from LSEG data May 21 at
02:21 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      -0.44          -0.27          Beat