Kingsoft Cloud Holdings Ltd reports results for the quarter ended September 30 - Earnings Summary

Reuters
2024-11-19
Kingsoft Cloud Holdings Ltd reports results for the quarter ended September 30 - Earnings Summary
  • Kingsoft Cloud Holdings Ltd KC.OQ reported a quarterly adjusted loss of 97 fen​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of CNY-1.32. The mean expectation of five analysts for the quarter was for a loss of CNY1.06 per share. Wall Street expected results to range from CNY-1.29 to -93 fen per share.

  • Revenue rose 16% to CNY1.89 billion from a year ago; analysts expected CNY1.93 billion.

  • Kingsoft Cloud Holdings Ltd's reported EPS for the quarter was a loss of CNY4.35​.

  • The company reported a quarterly loss of CNY1.06 billion.

  • Kingsoft Cloud Holdings Ltd shares had risen by 47.6% this quarter and gained 14.8% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had risen by about 3.8% in the last three months.​

  • In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

  • The average consensus recommendation for the it services & consulting peer group is also "buy"

Wall Street's median 12-month price target for Kingsoft Cloud Holdings Ltd is $3.80

This summary was machine generated from LSEG data November 19 at 02:30 p.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Sep. 30 2024

-1.06

-0.97

Beat

Jun. 30 2024

-1.05

-0.08

Beat

Mar. 31 2024

-1.02

-0.90

Beat

Dec. 31 2023

-1.19

-1.05

Beat

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