Overview
China grocery e-commerce firm's Q4 revenue grew 5.7% yr/yr
Net income for Q4 decreased compared to last year
Company announced in feb, to sell China business to Meituan, use proceeds for buybacks
Outlook
Dingdong did not provide specific future financial guidance in its press release
Result Drivers
ORDER GROWTH - Revenue growth driven by increased number of orders, higher user transactions, and order frequency
B2B EXPANSION - B2B revenue, particularly from overseas operations, showed strong growth
CPI IMPACT - Revenue growth partially offset by price declines in major categories like pork
Company press release: ID:nPn9YfKf4a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | RMB 6.24 bln | ||
Q4 EPS | RMB 0.09 | ||
Q4 Adjusted Net Income | RMB 50.8 mln | ||
Q4 Net Income | RMB 33.6 mln | ||
Q4 Operating Income | RMB 12 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Dingdong (Cayman) Ltd is $2.50, about 9.1% below its March 3 closing price of $2.75
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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