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.
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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