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) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
PDD Holdings Inc. Sponsored ADR (PDD - Free Report) closed the most recent trading day at $79.20, moving -1.43% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.76% for the day. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 1.13%.
Heading into today, shares of the company had lost 8.43% over the past month, lagging the Retail-Wholesale sector's loss of 3.45% and the S&P 500's gain of 1.26%.
The upcoming earnings release of PDD Holdings Inc. Sponsored ADR will be of great interest to investors. The company's upcoming EPS is projected at $2.77, signifying a 6.42% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $17.24 billion, up 13.35% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $10.96 per share and a revenue of $69.6 billion, demonstrating changes of +5.79% and +14.8%, respectively, from the preceding year.
Any recent changes to analyst estimates for PDD Holdings Inc. Sponsored ADR should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.74% increase. Right now, PDD Holdings Inc. Sponsored ADR possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, PDD Holdings Inc. Sponsored ADR is holding a Forward P/E ratio of 7.33. This represents a discount compared to its industry average Forward P/E of 16.22.
It's also important to note that PDD currently trades at a PEG ratio of 0.58. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Commerce was holding an average PEG ratio of 1.2 at yesterday's closing price.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 157, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
View the Zacks #1 Rank List
Image: Bigstock
PDD Holdings Inc. Sponsored ADR (PDD) Dips More Than Broader Market: What You Should Know
PDD Holdings Inc. Sponsored ADR (PDD - Free Report) closed the most recent trading day at $79.20, moving -1.43% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.76% for the day. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 1.13%.
Heading into today, shares of the company had lost 8.43% over the past month, lagging the Retail-Wholesale sector's loss of 3.45% and the S&P 500's gain of 1.26%.
The upcoming earnings release of PDD Holdings Inc. Sponsored ADR will be of great interest to investors. The company's upcoming EPS is projected at $2.77, signifying a 6.42% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $17.24 billion, up 13.35% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $10.96 per share and a revenue of $69.6 billion, demonstrating changes of +5.79% and +14.8%, respectively, from the preceding year.
Any recent changes to analyst estimates for PDD Holdings Inc. Sponsored ADR should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.74% increase. Right now, PDD Holdings Inc. Sponsored ADR possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, PDD Holdings Inc. Sponsored ADR is holding a Forward P/E ratio of 7.33. This represents a discount compared to its industry average Forward P/E of 16.22.
It's also important to note that PDD currently trades at a PEG ratio of 0.58. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Commerce was holding an average PEG ratio of 1.2 at yesterday's closing price.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 157, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.