Earnings Outlook For PDD Holdings
Portfolio Pulse from Benzinga Insights
PDD Holdings (NASDAQ:PDD) is expected to release its quarterly earnings report on Tuesday, 2023-11-28, with analysts predicting an EPS of $1.19. Investors are looking for an earnings beat and positive guidance for future growth. Historically, PDD Holdings has seen share price increases following earnings beats, with a 5.28% rise after last quarter's results. The stock has been performing well, with a 52.05% increase over the last 52 weeks, and is currently trading at $118.7.
November 27, 2023 | 2:00 pm
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PDD Holdings is anticipated to release its quarterly earnings with an expected EPS of $1.19. Positive past performance and stock appreciation suggest investor optimism ahead of the report.
Given PDD Holdings' history of surpassing EPS estimates and the subsequent positive stock price reactions, there is a likelihood of a short-term positive impact if the company beats the EPS estimate again. The stock's strong performance over the past year further bolsters investor confidence.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100