Pinduoduo (NASDAQ:PDD) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, August 21st. Analysts expect Pinduoduo to post earnings of ($0.22) per share for the quarter.
Pinduoduo (NASDAQ:PDD) last posted its earnings results on Monday, May 20th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.04. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.11 billion. Pinduoduo had a negative return on equity of 76.66% and a negative net margin of 73.90%. The company’s revenue was up 228.3% compared to the same quarter last year. On average, analysts expect Pinduoduo to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of NASDAQ:PDD opened at $23.78 on Wednesday. The firm has a market capitalization of $26.34 billion and a P/E ratio of -11.89. Pinduoduo has a 1 year low of $16.53 and a 1 year high of $31.99. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $21.03.
A number of equities research analysts recently issued reports on the company. KeyCorp assumed coverage on Pinduoduo in a research report on Tuesday, April 16th. They set an “overweight” rating and a $32.00 price target on the stock. Benchmark assumed coverage on Pinduoduo in a research report on Thursday, June 13th. They set a “buy” rating and a $28.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on Pinduoduo in a research report on Tuesday, July 9th. They set an “underweight” rating and a $20.48 price target on the stock. Credit Suisse Group downgraded Pinduoduo from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 16th. Finally, 86 Research reissued a “sell” rating on shares of Pinduoduo in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.00.
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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