Pinduoduo Inc (NASDAQ:PDD) Expected to Announce Earnings of -$0.10 Per Share

Wall Street analysts predict that Pinduoduo Inc (NASDAQ:PDD) will announce earnings per share of ($0.10) for the current quarter, Zacks reports. Two analysts have provided estimates for Pinduoduo’s earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.14). Pinduoduo posted earnings of ($0.24) per share during the same quarter last year, which would indicate a positive year over year growth rate of 58.3%. The company is expected to announce its next earnings results on Wednesday, March 11th.

On average, analysts expect that Pinduoduo will report full year earnings of ($0.64) per share for the current fiscal year, with EPS estimates ranging from ($0.80) to ($0.52). For the next financial year, analysts forecast that the firm will report earnings of $0.22 per share, with EPS estimates ranging from $0.06 to $0.49. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Pinduoduo.

Pinduoduo (NASDAQ:PDD) last issued its earnings results on Wednesday, November 20th. The company reported ($1.44) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($1.33). The company had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.58 billion. Pinduoduo had a negative return on equity of 28.55% and a negative net margin of 30.74%. The business’s revenue was up 122.8% compared to the same quarter last year. During the same period last year, the business posted ($0.68) earnings per share.

A number of equities analysts have recently commented on the stock. ValuEngine lowered shares of Pinduoduo from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Macquarie assumed coverage on shares of Pinduoduo in a research report on Thursday. They set an “outperform” rating on the stock. Barclays raised their target price on shares of Pinduoduo from $32.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Jefferies Financial Group assumed coverage on shares of Pinduoduo in a research report on Monday, August 5th. They set a “buy” rating and a $26.90 target price on the stock. Finally, CLSA assumed coverage on shares of Pinduoduo in a research report on Friday, September 6th. They set a “buy” rating and a $40.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $34.86.

Shares of NASDAQ:PDD opened at $31.58 on Tuesday. The firm has a market cap of $47.63 billion, a PE ratio of -15.79 and a beta of 1.49. The firm’s 50 day simple moving average is $37.59 and its 200-day simple moving average is $27.76. Pinduoduo has a one year low of $18.46 and a one year high of $45.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.77 and a current ratio of 1.77.

Hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC acquired a new stake in Pinduoduo in the second quarter valued at approximately $107,000. Quadrant Capital Group LLC acquired a new stake in Pinduoduo in the third quarter valued at approximately $130,000. CSat Investment Advisory L.P. acquired a new stake in Pinduoduo in the second quarter valued at approximately $166,000. WINTON GROUP Ltd acquired a new stake in Pinduoduo in the second quarter valued at approximately $219,000. Finally, World Asset Management Inc acquired a new stake in Pinduoduo in the third quarter valued at approximately $247,000. 13.70% of the stock is currently owned by institutional investors.

About Pinduoduo

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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