Pinduoduo (PDD) to Release Quarterly Earnings on Monday

Pinduoduo (NASDAQ:PDD) will post its quarterly earnings results before the market opens on Monday, May 20th. Analysts expect Pinduoduo to post earnings of ($0.30) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Pinduoduo (NASDAQ:PDD) last issued its earnings results on Wednesday, March 13th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.03). Pinduoduo had a negative return on equity of 114.98% and a negative net margin of 78.51%. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.31 billion. The firm’s revenue for the quarter was up 379.4% 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 $22.70 on Friday. Pinduoduo has a twelve month low of $16.53 and a twelve month high of $31.99. The company has a market cap of $24.40 billion and a PE ratio of -11.35.

PDD has been the topic of a number of research reports. UBS Group initiated coverage on Pinduoduo in a research report on Wednesday, March 6th. They set a “buy” rating and a $37.00 target price on the stock. HSBC initiated coverage on Pinduoduo in a research report on Friday, February 1st. They set a “hold” rating on the stock. ValuEngine lowered Pinduoduo from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised Pinduoduo from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Bank of America assumed coverage on Pinduoduo in a research report on Wednesday. They issued a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Pinduoduo has an average rating of “Buy” and a consensus price target of $29.95.

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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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