KE Holdings Q2 2024 Adj Earnings Per ADS $0.31 Beat $0.21 Estimate, Sales $3.20B Beat $3.09B Estimate
Portfolio Pulse from Benzinga Newsdesk
KE Holdings (NYSE:BEKE) reported Q2 2024 adjusted earnings per ADS of $0.31, beating the $0.21 estimate. Sales were $3.20 billion, surpassing the $3.09 billion estimate. However, the reported earnings and sales missed the analyst consensus estimates by significant margins.
August 12, 2024 | 10:05 am
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KE Holdings reported Q2 2024 earnings per ADS of $0.31, beating the $0.21 estimate but missing the consensus estimate of $1.52 by 79.61%. Sales were $3.20 billion, surpassing the $3.09 billion estimate but missing the consensus estimate of $22.12 billion by 85.54%.
Despite beating the lower estimates, the significant miss on the consensus estimates for both earnings and sales is likely to negatively impact investor sentiment and the stock price in the short term.
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