Earnings Preview: Dada Nexus
Portfolio Pulse from Benzinga Insights
Dada Nexus (NASDAQ:DADA) is scheduled to release its quarterly earnings report on March 25, 2024, with an estimated EPS of $0.09. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows a mixed reaction to past earnings reports, with stock price changes ranging from -8% to +15%. Currently, DADA shares are trading at $2.39, marking a 70.23% decline over the last 52 weeks.
March 22, 2024 | 2:00 pm
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Dada Nexus is anticipated to report an EPS of $0.09 for the upcoming quarter. Historical performance shows significant stock price volatility post-earnings, with a notable 70.23% decline over the past year.
Given the historical volatility in DADA's stock price following earnings reports and the current downward trend, a positive earnings surprise and optimistic guidance could potentially lead to a short-term uptick in the stock price. However, the long-term trend has been negative, indicating underlying challenges.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100