Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
TripAdvisor, Inc. (TRIP) - free report >>
Dingdong (Cayman) Limited Sponsored ADR (DDL) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
TripAdvisor, Inc. (TRIP) - free report >>
Dingdong (Cayman) Limited Sponsored ADR (DDL) - free report >>
Image: Bigstock
Strength Seen in Dingdong Cayman Limited Sponsored ADR (DDL): Can Its 21.2% Jump Turn into More Strength?
Dingdong Cayman Limited Sponsored ADR (DDL - Free Report) shares rallied 21.2% in the last trading session to close at $6.47. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 9% gain over the past four weeks.
Dingdong’s loss ratio has narrowed significantly over the past year and the company is expecting to break even in the fourth quarter of 2022. Investors are bullish regarding the stock amid this as the company is investing heavily in more quality products, building a stronger supply chain and upgrading services to attract more customers and boost top-line growth.
This company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +104%. Revenues are expected to be $938.26 million, up 9% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Dingdong Cayman Limited Sponsored ADR, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on DDL going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Dingdong Cayman Limited Sponsored ADR is part of the Zacks Internet - Commerce industry. TripAdvisor (TRIP - Free Report) , another stock in the same industry, closed the last trading session 0.9% higher at $19.38. TRIP has returned 7.9% in the past month.
TripAdvisor's consensus EPS estimate for the upcoming report has changed -10% over the past month to $0.05. Compared to the company's year-ago EPS, this represents a change of +600%. TripAdvisor currently boasts a Zacks Rank of #3 (Hold).