PDD Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• PDD Holdings Inc PDD reported quarterly adjusted earnings of CNY22.07​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of CNY23.24. The mean expectation of sixteen analysts for the quarter was for earnings of CNY15.74 per share. Wall Street expected results to range from CNY9.04 to CNY19.50 per share.

• Revenue rose 7.1% to CNY103.98 billion from a year ago; analysts expected CNY103.34 billion.

• PDD Holdings Inc's reported EPS for the quarter was CNY20.75​.

• The company reported quarterly net income of CNY30.75 billion.

• PDD Holdings Inc shares had risen by 21.5% this quarter and gained 31.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 27.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 27 "strong buy" or "buy," 11 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for PDD Holdings Inc is $128.00, about 0.7% above its last closing price of $127.11

This summary was machine generated from LSEG data August 25 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)