Dingdong (Cayman) Ltd expected to post earnings of 30 fen a share - Earnings Preview

Reuters02-27

* Dingdong (Cayman) Ltd is expected to show a fall in quarterly revenue when it reports results on February 29 for the period ending December 31 2023

* The Shanghai-based company is expected to report a 16.8% decrease in revenue to CNY5.156 billion from CNY6.2 billion a year ago, according to the estimate from one analyst, based on LSEG data.

* LSEG's mean analyst estimate for Dingdong (Cayman) Ltd is for earnings of 30 fen per share.

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and 2 "sell" or "strong sell."

* The average consensus recommendation for the online services peer group is "Hold".

* Wall Street's median 12-month price target for Dingdong (Cayman) Ltd is $2.70, above its last closing price of $1.10.

This summary was machine generated February 27 at 13:40 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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