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PDD Holdings (PDD) to Report Q1 Earnings: What's in Store?
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PDD Holdings Inc. (PDD - Free Report) is scheduled to report first-quarter 2023 results on May 26.
The Zacks Consensus Estimate for first-quarter sales is pegged at $4.58 billion, suggesting a 22.1% surge from the year-ago quarter's reported figure.
The consensus mark for the bottom line stands at 67 cents per share, implying 42.6% growth from the year-ago quarter's reported number. The consensus mark has remained unchanged in the past 30 days.
PDD's earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 84.5%.
PDD Holdings’ first-quarter performance is expected to have benefited from a recovery in consumption rate and improving customer sentiment.
Increasing advertising demand from merchants on PDD’s platform is anticipated to have continued benefiting its performance in the quarter under review.
Increasing user activity on PDD Holdings’ platform owing to growing active buyers might have benefited the to-be-reported quarter’s performance.
Growing marketing campaigns are anticipated to have helped the company increase user engagement on its platform in the quarter to be reported.
Strengthening partnerships with local communities, shops, farmers, and agri-merchants are expected to have aided its performance in the quarter under review.
Continuous efforts to strengthen agriculture and grocery businesses are expected to have contributed well to the top line in the quarter under discussion.
The company’s deepening focus on technological advancements in agriculture, logistics systems and infrastructure is likely to get reflected in the upcoming quarterly results.
However, increasing expenditure for online and offline advertisements as well as promotional activities might have affected the quarterly performance.
Further, macroeconomic headwinds and rising competition in the e-commerce market are expected to have remained headwinds.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for PDD Holdings this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the case here, as elaborated below.
Earnings ESP: PDD Holdings currently has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company currently carries a Zacks Rank #3.
Stocks to Consider
Here are some stocks worth considering as our model shows that these have the right combination of elements to beat on earnings this season.
ZS is scheduled to release third-quarter fiscal 2023 results on Jun 1. The Zacks Consensus Estimate for ZS’ earnings is pegged at 42 cents per share, suggesting a jump from 17 cents reported in the year-ago quarter.
C3.ai (AI - Free Report) has an Earnings ESP of +6.67% and currently carries a Zacks Rank #3.
C3.ai is set to report fourth-quarter fiscal 2023 results on May 31. The Zacks Consensus Estimate for AI’s loss is pegged at 17 cents per share. The company incurred a loss of 21 cents per share in the year-ago quarter.
Jabil (JBL - Free Report) has an Earnings ESP of +3.38% and a Zacks Rank #3 at present.
JBL is expected to report third-quarter fiscal 2023 results on Jun 15. The Zacks Consensus Estimate for JBL’s earnings is pegged at $1.90 per share, suggesting an increase of 10.5% from the prior-year quarter’s reported figure.
Image: Bigstock
PDD Holdings (PDD) to Report Q1 Earnings: What's in Store?
PDD Holdings Inc. (PDD - Free Report) is scheduled to report first-quarter 2023 results on May 26.
The Zacks Consensus Estimate for first-quarter sales is pegged at $4.58 billion, suggesting a 22.1% surge from the year-ago quarter's reported figure.
The consensus mark for the bottom line stands at 67 cents per share, implying 42.6% growth from the year-ago quarter's reported number. The consensus mark has remained unchanged in the past 30 days.
PDD's earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 84.5%.
PDD Holdings Inc. Price and EPS Surprise
PDD Holdings Inc. price-eps-surprise | PDD Holdings Inc. Quote
Factors to Consider
PDD Holdings’ first-quarter performance is expected to have benefited from a recovery in consumption rate and improving customer sentiment.
Increasing advertising demand from merchants on PDD’s platform is anticipated to have continued benefiting its performance in the quarter under review.
Increasing user activity on PDD Holdings’ platform owing to growing active buyers might have benefited the to-be-reported quarter’s performance.
Growing marketing campaigns are anticipated to have helped the company increase user engagement on its platform in the quarter to be reported.
Strengthening partnerships with local communities, shops, farmers, and agri-merchants are expected to have aided its performance in the quarter under review.
Continuous efforts to strengthen agriculture and grocery businesses are expected to have contributed well to the top line in the quarter under discussion.
The company’s deepening focus on technological advancements in agriculture, logistics systems and infrastructure is likely to get reflected in the upcoming quarterly results.
However, increasing expenditure for online and offline advertisements as well as promotional activities might have affected the quarterly performance.
Further, macroeconomic headwinds and rising competition in the e-commerce market are expected to have remained headwinds.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for PDD Holdings this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the case here, as elaborated below.
Earnings ESP: PDD Holdings currently has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company currently carries a Zacks Rank #3.
Stocks to Consider
Here are some stocks worth considering as our model shows that these have the right combination of elements to beat on earnings this season.
Zscaler (ZS - Free Report) has an Earnings ESP of +4.47% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
ZS is scheduled to release third-quarter fiscal 2023 results on Jun 1. The Zacks Consensus Estimate for ZS’ earnings is pegged at 42 cents per share, suggesting a jump from 17 cents reported in the year-ago quarter.
C3.ai (AI - Free Report) has an Earnings ESP of +6.67% and currently carries a Zacks Rank #3.
C3.ai is set to report fourth-quarter fiscal 2023 results on May 31. The Zacks Consensus Estimate for AI’s loss is pegged at 17 cents per share. The company incurred a loss of 21 cents per share in the year-ago quarter.
Jabil (JBL - Free Report) has an Earnings ESP of +3.38% and a Zacks Rank #3 at present.
JBL is expected to report third-quarter fiscal 2023 results on Jun 15. The Zacks Consensus Estimate for JBL’s earnings is pegged at $1.90 per share, suggesting an increase of 10.5% from the prior-year quarter’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.