Pinduoduo (NASDAQ:PDD) will be issuing its quarterly earnings data before the market opens on Wednesday, November 20th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Pinduoduo (NASDAQ:PDD) last announced its earnings results on Wednesday, August 21st. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.13. Pinduoduo had a negative net margin of 30.74% and a negative return on equity of 28.55%. The firm had revenue of $7.29 billion for the quarter, compared to the consensus estimate of $6.15 billion. The firm’s revenue was up 169.1% on a year-over-year basis. On average, analysts expect Pinduoduo to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of PDD opened at $41.57 on Wednesday. Pinduoduo has a fifty-two week low of $16.53 and a fifty-two week high of $45.25. The firm’s 50 day moving average price is $36.22 and its 200 day moving average price is $27.00. The company has a market cap of $48.15 billion, a P/E ratio of -20.79 and a beta of 1.49. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.01.
PDD has been the topic of several recent research reports. Benchmark upped their target price on shares of Pinduoduo from $28.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Credit Suisse Group downgraded shares of Pinduoduo from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 16th. Bank of America upped their target price on shares of Pinduoduo from $29.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Zacks Investment Research raised shares of Pinduoduo from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Friday, November 8th. Finally, Nomura initiated coverage on shares of Pinduoduo in a research note on Wednesday, October 9th. They set a “neutral” rating and a $34.00 target price on the stock. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $34.22.
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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