Kingsoft Cloud Holdings Ltd reports results for the quarter ended September 30 - Earnings Summary

• Kingsoft Cloud Holdings Ltd KC.OQ reported a quarterly adjusted loss of 97 fen​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of CNY-1.32. The mean expectation of five analysts for the quarter was for a loss of CNY1.06 per share. Wall Street expected results to range from CNY-1.29 to -93 fen per share.

• Revenue rose 16% to CNY1.89 billion from a year ago; analysts expected CNY1.93 billion.

• Kingsoft Cloud Holdings Ltd's reported EPS for the quarter was a loss of CNY4.35​.

• The company reported a quarterly loss of CNY1.06 billion.

• Kingsoft Cloud Holdings Ltd shares had risen by 47.6% this quarter and gained 14.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.8% 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 7 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the it services & consulting peer group is also "buy"

Wall Street's median 12-month price target for Kingsoft Cloud Holdings Ltd is $3.80

This summary was machine generated from LSEG data November 19 at 02:30 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)