Dada Nexus Ltd reports results for the quarter ended in December - Earnings Summary

Reuters03-26

* Dada Nexus Ltd reported a quarterly adjusted loss of 15 fen per share for the quarter ended in December, higher than the same quarter last year, when the company reported EPS of -72 fen. The mean expectation of four analysts for the quarter was for earnings of 60 fen per share. Wall Street expected results to range from 57 fen to 62 fen per share.

* Revenue rose 2.7% to CNY2.75 billion from a year ago; analysts expected CNY3.11 billion.

* Dada Nexus Ltd's reported EPS for the quarter was a loss of CNY1.22.

* Dada Nexus Ltd shares had fallen by 30.4% this quarter.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 6.2% in the last three months.

* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 1 "hold" and 2 "sell" or "strong sell."

* Wall Street's median 12-month price target for Dada Nexus Ltd is $6.00

This summary was machine generated from LSEG data March 25 at 11:23 p.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Dec. 31 2023 0.60 -0.15 Missed

Sep. 30 2023 -0.05 -0.01 Beat

Jun. 30 2023 0.02 0.04 Beat

Mar. 31 2023 -0.48 -0.72 Missed

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