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.
PDD Holdings Inc. Sponsored ADR (PDD) Registers a Bigger Fall Than the Market: Important Facts to Note
Read MoreHide Full Article
In the latest trading session, PDD Holdings Inc. Sponsored ADR (PDD - Free Report) closed at $98.99, marking a -5% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.64%. Meanwhile, the Dow lost 0.59%, and the Nasdaq, a tech-heavy index, lost 0.59%.
Heading into today, shares of the company had gained 8.26% over the past month, lagging the Retail-Wholesale sector's gain of 12.67% and the S&P 500's gain of 9.33%.
Market participants will be closely following the financial results of PDD Holdings Inc. Sponsored ADR in its upcoming release. The company's earnings per share (EPS) are projected to be $2.23, reflecting a 42.95% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $15.86 billion, indicating a 20.29% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.74 per share and revenue of $71.31 billion. These totals would mark changes of +13.32% and +17.61%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for PDD Holdings Inc Sponsored ADR. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.34% decrease. PDD Holdings Inc. Sponsored ADR is currently a Zacks Rank #3 (Hold).
From a valuation perspective, PDD Holdings Inc. Sponsored ADR is currently exchanging hands at a Forward P/E ratio of 8.88. This represents a discount compared to its industry average Forward P/E of 17.98.
We can also see that PDD currently has a PEG ratio of 0.92. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Commerce industry currently had an average PEG ratio of 0.93 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 170, this industry ranks in the bottom 31% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
PDD Holdings Inc. Sponsored ADR (PDD) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, PDD Holdings Inc. Sponsored ADR (PDD - Free Report) closed at $98.99, marking a -5% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.64%. Meanwhile, the Dow lost 0.59%, and the Nasdaq, a tech-heavy index, lost 0.59%.
Heading into today, shares of the company had gained 8.26% over the past month, lagging the Retail-Wholesale sector's gain of 12.67% and the S&P 500's gain of 9.33%.
Market participants will be closely following the financial results of PDD Holdings Inc. Sponsored ADR in its upcoming release. The company's earnings per share (EPS) are projected to be $2.23, reflecting a 42.95% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $15.86 billion, indicating a 20.29% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.74 per share and revenue of $71.31 billion. These totals would mark changes of +13.32% and +17.61%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for PDD Holdings Inc Sponsored ADR. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.34% decrease. PDD Holdings Inc. Sponsored ADR is currently a Zacks Rank #3 (Hold).
From a valuation perspective, PDD Holdings Inc. Sponsored ADR is currently exchanging hands at a Forward P/E ratio of 8.88. This represents a discount compared to its industry average Forward P/E of 17.98.
We can also see that PDD currently has a PEG ratio of 0.92. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Commerce industry currently had an average PEG ratio of 0.93 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 170, this industry ranks in the bottom 31% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.