We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Why PDD Holdings Inc. Sponsored ADR (PDD) Dipped More Than Broader Market Today
Read MoreHide Full Article
PDD Holdings Inc. Sponsored ADR (PDD - Free Report) closed the latest trading day at $117.38, indicating a -0.9% change from the previous session's end. This move lagged the S&P 500's daily loss of 0.39%. Meanwhile, the Dow lost 0.27%, and the Nasdaq, a tech-heavy index, lost 0.38%.
The company's stock has climbed by 25.53% in the past month, exceeding the Retail-Wholesale sector's gain of 12.4% and the S&P 500's gain of 13.07%.
The investment community will be paying close attention to the earnings performance of PDD Holdings Inc. Sponsored ADR in its upcoming release. The company's upcoming EPS is projected at $2.49, signifying a 12.01% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $14.17 billion, indicating a 17.82% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $11.99 per share and a revenue of $64.94 billion, indicating changes of +5.92% and +18.74%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for PDD Holdings Inc. Sponsored ADR. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 has remained steady. Currently, PDD Holdings Inc. Sponsored ADR is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that PDD Holdings Inc. Sponsored ADR has a Forward P/E ratio of 9.88 right now. This expresses a discount compared to the average Forward P/E of 25.12 of its industry.
Meanwhile, PDD's PEG ratio is currently 0.3. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Commerce industry currently had an average PEG ratio of 1.44 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 50, placing it within the top 21% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why PDD Holdings Inc. Sponsored ADR (PDD) Dipped More Than Broader Market Today
PDD Holdings Inc. Sponsored ADR (PDD - Free Report) closed the latest trading day at $117.38, indicating a -0.9% change from the previous session's end. This move lagged the S&P 500's daily loss of 0.39%. Meanwhile, the Dow lost 0.27%, and the Nasdaq, a tech-heavy index, lost 0.38%.
The company's stock has climbed by 25.53% in the past month, exceeding the Retail-Wholesale sector's gain of 12.4% and the S&P 500's gain of 13.07%.
The investment community will be paying close attention to the earnings performance of PDD Holdings Inc. Sponsored ADR in its upcoming release. The company's upcoming EPS is projected at $2.49, signifying a 12.01% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $14.17 billion, indicating a 17.82% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $11.99 per share and a revenue of $64.94 billion, indicating changes of +5.92% and +18.74%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for PDD Holdings Inc. Sponsored ADR. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 has remained steady. Currently, PDD Holdings Inc. Sponsored ADR is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that PDD Holdings Inc. Sponsored ADR has a Forward P/E ratio of 9.88 right now. This expresses a discount compared to the average Forward P/E of 25.12 of its industry.
Meanwhile, PDD's PEG ratio is currently 0.3. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Commerce industry currently had an average PEG ratio of 1.44 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 50, placing it within the top 21% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.