Dada Nexus Ltd reports results for the quarter - Earnings Summary

• Dada Nexus Ltd DADA.OQ reported a quarterly adjusted loss of 6 fen​​ per share for the quarter , lower than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of five analysts for the quarter was for a loss of 78 fen per share. Wall Street expected results to range from -98 fen to -66 fen per share.

• Revenue fell 15.2% to CNY2.43 billion from a year ago; analysts expected CNY2.37 billion.

• The company reported a quarterly loss of CNY197.33 million.

• Dada Nexus Ltd shares had fallen by 18.2% this quarter and lost 53.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 18.9% 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 9 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the online services peer group is also "buy"

Wall Street's median 12-month price target for Dada Nexus Ltd is 2.10

This summary was machine generated from LSEG data November 14 at 03:56 a.m. UTC. ​All figures in US dollars 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)