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Kingsoft Cloud Holdings Ltd expected to post a loss of 40 fen a share - Earnings Preview

Reuters08-16

* Kingsoft Cloud Holdings Ltd is expected to show a fall in quarterly revenue when it reports results on August 20 for the period ending June 30 2024

* The Beijing-based company is expected to report a 1.9% decrease in revenue to CNY1.801 billion from CNY1.84 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 40 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 was unchanged in the last three months.

* Wall Street's median 12-month price target for Kingsoft Cloud Holdings Ltd is HK$2.00, above its last closing price of HK$1.29.

This summary was machine generated August 16 at 12:37 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)

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