PDD (PDD) Expected to Post Earnings on Wednesday

PDD (NASDAQ:PDD) is projected to release its Q3 2026 results before the market opens on Wednesday, November 18th. Analysts expect PDD to post earnings of $2.77 per share and revenue of $17.18 billion for the quarter. Investors are encouraged to explore the company’s upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Tuesday, November 17, 2026 at 7:30 AM ET.

PDD (NASDAQ:PDD) last released its earnings results on Friday, August 14th. The company reported $2.84 earnings per share (EPS) for the quarter. PDD had a net margin of 20.73% and a return on equity of 22.29%. The company had revenue of $16.54 billion for the quarter. On average, analysts expect PDD to post $10.02 EPS for the current fiscal year and $12.00 EPS for the next fiscal year.

PDD Trading Down 1.4%

PDD stock opened at $79.40 on Wednesday. The company has a market cap of $113.02 billion, a PE ratio of 8.74, a PEG ratio of 0.64 and a beta of -0.03. PDD has a 1 year low of $71.94 and a 1 year high of $139.12. The company’s 50-day moving average is $79.63 and its two-hundred day moving average is $90.28.

Key Stories Impacting PDD

Here are the key news stories impacting PDD this week:

• Positive Sentiment: A report puts the average analyst price target at $107.31, above the stock’s recent level. Article: PDD Holdings Inc. Sponsored ADR Stock Has Average Price Target of $107.31
• Neutral Sentiment: A short-interest report lists zero shares short as of November 10, which conflicts with its claim of a significant increase; the figure therefore offers little clear trading signal.
• Negative Sentiment: Morgan Stanley cut PDD to Equalweight from Overweight and lowered its price target to $90 from $129, citing risks around capital returns. The downgrade adds to concerns weighing on the shares. Article: PDD drops as Morgan Stanley cuts to Equalweight on capital return risks
• Negative Sentiment: Goldman Sachs flagged Temu-related costs ahead of PDD’s earnings test. Investor concern that these expenses could pressure profitability or growth expectations may continue to weigh on the stock. Article: PDD Holdings stock faces earnings test as Goldman flags Temu costs

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of PDD from a “hold” rating to a “buy” rating in a research note on Thursday, October 29th. Morgan Stanley cut shares of PDD from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $129.00 to $90.00 in a research note on Monday. JPMorgan Chase & Co. lowered their target price on shares of PDD from $110.00 to $95.00 and set a “neutral” rating for the company in a report on Thursday, September 10th. Weiss Ratings upgraded shares of PDD from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, October 27th. Finally, Zacks Research upgraded shares of PDD from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $107.31.

About PDD

PDD Holdings Inc. operates e-commerce platforms that connect consumers with merchants and other suppliers. Its businesses include Pinduoduo, a marketplace focused on China, and Temu, an international online marketplace. Pinduoduo uses interactive shopping features, including group buying, and offers products across categories such as groceries, apparel, home goods and electronics. The platform has also emphasized agricultural products, connecting farmers with consumers and other buyers. Temu serves customers in multiple markets outside China and offers a wide range of merchandise from suppliers and brands.