Douyu International Holdings Ltd reports results for the quarter ended in December - Earnings Summary

Reuters03-26

* Douyu International Holdings Ltd reported a quarterly adjusted loss of 2 fen​​ per share for the quarter ended in December, lower than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of four analysts for the quarter was for a loss of 16 fen per share. Wall Street expected results to range from -17 fen to -16 fen per share.

* Revenue fell 22.9% to CNY1.30 billion from a year ago; analysts expected CNY1.24 billion.

* Douyu International Holdings Ltd's reported EPS for the quarter was a loss of 19 fen​.

* The company reported a quarterly loss of CNY62.23 million.

* Douyu International Holdings Ltd shares had fallen by 17.0% this quarter.

FORECAST CHANGES

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

* In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

* The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and 3 "sell" or "strong sell."

* The average consensus recommendation for the online services peer group is also "sell"

Wall Street's median 12-month price target for Douyu International Holdings Ltd is $0.70 This summary was machine generated from LSEG data March 26 at 01:31 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 -0.16 -0.02 Beat

Sep. 30 2023 0.18 0.22 Beat

Jun. 30 2023 0.02 0.19 Beat

Mar. 31 2023 -0.02 0.08 Beat

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