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Pinduoduo Inc. Sponsored ADR (PDD) Gains As Market Dips: What You Should Know
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In the latest trading session, Pinduoduo Inc. Sponsored ADR (PDD - Free Report) closed at $55.94, marking a +0.41% move from the previous day. This move outpaced the S&P 500's daily loss of 0.33%. Meanwhile, the Dow lost 0.1%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Coming into today, shares of the company had lost 17.86% in the past month. In that same time, the Retail-Wholesale sector lost 11.72%, while the S&P 500 lost 11.67%.
Investors will be hoping for strength from Pinduoduo Inc. Sponsored ADR as it approaches its next earnings release. The company is expected to report EPS of $0.74, up 117.65% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.49 billion, up 34.54% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.26 per share and revenue of $18.28 billion, which would represent changes of +117.33% and +25.53%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Pinduoduo Inc. Sponsored ADR. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Pinduoduo Inc. Sponsored ADR is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note Pinduoduo Inc. Sponsored ADR's current valuation metrics, including its Forward P/E ratio of 17.07. This valuation marks a discount compared to its industry's average Forward P/E of 21.67.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Pinduoduo Inc. Sponsored ADR (PDD) Gains As Market Dips: What You Should Know
In the latest trading session, Pinduoduo Inc. Sponsored ADR (PDD - Free Report) closed at $55.94, marking a +0.41% move from the previous day. This move outpaced the S&P 500's daily loss of 0.33%. Meanwhile, the Dow lost 0.1%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Coming into today, shares of the company had lost 17.86% in the past month. In that same time, the Retail-Wholesale sector lost 11.72%, while the S&P 500 lost 11.67%.
Investors will be hoping for strength from Pinduoduo Inc. Sponsored ADR as it approaches its next earnings release. The company is expected to report EPS of $0.74, up 117.65% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.49 billion, up 34.54% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.26 per share and revenue of $18.28 billion, which would represent changes of +117.33% and +25.53%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Pinduoduo Inc. Sponsored ADR. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Pinduoduo Inc. Sponsored ADR is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note Pinduoduo Inc. Sponsored ADR's current valuation metrics, including its Forward P/E ratio of 17.07. This valuation marks a discount compared to its industry's average Forward P/E of 21.67.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.