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Kingsoft Cloud Holdings Ltd expected to post a loss of CNY1.06 a share - Earnings Preview

Reuters11-15 22:05

* Kingsoft Cloud Holdings Ltd is expected to show a rise in quarterly revenue when it reports results on November 19 for the period ending September 30 2024

* The Beijing-based company is expected to report a 18.8% increase in revenue to CNY1.931 billion from CNY1.63 billion a year ago, according to the mean estimate from 2 analysts, based on LSEG data.

* ​LSEG's mean analyst estimate for Kingsoft Cloud Holdings Ltd is for a loss of CNY1.06 per share.

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for Kingsoft Cloud Holdings Ltd is $4.06​, below​ its last closing price of $4.65. ​​​

Previous quarterly performance (using preferred earnings measure in Chinese yuan renminbi). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 -1.03 -1.05 -0.08 Beat 92.4

Mar. 31 2024 -0.91 -1.02 -0.90 Beat 11.4

Dec. 31 2023 -1.09 -1.19 -1.05 Beat 11.7​

Sep. 30 2023 -1.22 -1.23 -1.32 Missed -7.6

​​Jun. -1.48 -1.47 -1.33 Beat 9.4

30 2023

Mar. 31 2023 -1.58 -1.58 -1.80 Missed -13.9​

Dec. 31 2022 -1.63 -1.68 -2.28 Missed -35.3

Sep. 30 2022 -1.70 -1.64 -1.99 Missed -21.2

This summary was machine generated November 15 at 14:05 GMT. 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)

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