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Kingsoft Cloud Holdings Ltd expected to post a loss of 45 fen a share - Earnings Preview

Reuters05-20

* Kingsoft Cloud Holdings Ltd is expected to show a fall in quarterly revenue when it reports results on May 22 for the period ending March 31 2024

* The Beijing-based company is expected to report a 8.0% decrease in revenue to CNY1.716 billion from CNY1.86 billion a year ago, according to the mean estimate from 2 analysts, based on LSEG data.

* ​LSEG's mean analyst estimate for Kingsoft Cloud Holdings Ltd is for a loss of 45 fen per share.

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts had risen by about 78.3% in the last three months. ​

* Wall Street's median 12-month price target for Kingsoft Cloud Holdings Ltd is HK$2.20​, above​ its last closing price of HK$1.86. ​​​

This summary was machine generated May 20 at 13:04 GMT. 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)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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