Kingsoft Cloud Holdings Ltd reports results for the quarter ended December 31 - Earnings Summary

• Kingsoft Cloud Holdings Ltd KC.OQ reported a quarterly adjusted loss of 28 fen​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of CNY-1.05. The mean expectation of five analysts for the quarter was for a loss of 85 fen per share. Wall Street expected results to range from -94 fen to -74 fen per share.

• Revenue rose 29.6% to CNY2.23 billion from a year ago; analysts expected CNY2.11 billion.

• Kingsoft Cloud Holdings Ltd's reported EPS for the quarter was a loss of 75 fen​.

• The company reported a quarterly loss of CNY196.66 million.

• Kingsoft Cloud Holdings Ltd shares had risen by 72.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.6% 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 6 "strong buy" or "buy," 3 "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 $13.70

This summary was machine generated from LSEG data March 19 at 01:30 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)