Pinduoduo Inc (PDD) Expected to Post Earnings of -$0.25 Per Share

Equities analysts predict that Pinduoduo Inc (NASDAQ:PDD) will announce ($0.25) earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Pinduoduo’s earnings, with the highest EPS estimate coming in at ($0.21) and the lowest estimate coming in at ($0.28). Pinduoduo reported earnings of ($0.20) per share in the same quarter last year, which indicates a negative year over year growth rate of 25%. The firm is expected to report its next earnings results on Thursday, August 29th.

According to Zacks, analysts expect that Pinduoduo will report full-year earnings of ($0.75) per share for the current year, with EPS estimates ranging from ($0.85) to ($0.67). For the next year, analysts anticipate that the business will report earnings of $0.20 per share, with EPS estimates ranging from $0.12 to $0.28. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Pinduoduo.

Pinduoduo (NASDAQ:PDD) last issued its quarterly earnings data on Monday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.04. The firm had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Pinduoduo had a negative net margin of 73.90% and a negative return on equity of 96.31%. Pinduoduo’s quarterly revenue was up 228.3% compared to the same quarter last year.

A number of research analysts have recently issued reports on PDD shares. HSBC started coverage on shares of Pinduoduo in a report on Friday, February 1st. They set a “hold” rating for the company. ValuEngine cut shares of Pinduoduo from a “buy” rating to a “hold” rating in a report on Wednesday, February 20th. UBS Group started coverage on shares of Pinduoduo in a report on Wednesday, March 6th. They set a “buy” rating and a $37.00 price objective for the company. Jefferies Financial Group started coverage on shares of Pinduoduo in a report on Monday, April 15th. They set a “buy” rating and a $30.00 price objective for the company. Finally, KeyCorp started coverage on shares of Pinduoduo in a report on Tuesday, April 16th. They set an “overweight” rating and a $32.00 price objective for the company. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $29.95.

Shares of NASDAQ PDD opened at $20.46 on Monday. The stock has a market cap of $23.84 billion and a PE ratio of -10.23. Pinduoduo has a 1 year low of $16.53 and a 1 year high of $31.99.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. bought a new stake in Pinduoduo in the first quarter worth about $35,000. Enlightenment Research LLC bought a new stake in Pinduoduo in the fourth quarter worth about $54,000. Quadrant Capital Group LLC bought a new stake in Pinduoduo in the first quarter worth about $66,000. Atlas Capital Advisors LLC bought a new stake in Pinduoduo in the first quarter worth about $87,000. Finally, Daiwa Securities Group Inc. bought a new stake in Pinduoduo in the first quarter worth about $102,000. 8.55% of the stock is currently owned by institutional investors.

Pinduoduo Company Profile

Pinduoduo Inc operates an e-commerce platform in the People's Republic of China. It also operates Pinduoduo, a mobile platform that offers a range of priced merchandise. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc in July 2018. Pinduoduo Inc was founded in 2015 and is based in Shanghai, the People's Republic of China.

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Earnings History and Estimates for Pinduoduo (NASDAQ:PDD)

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