We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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. (PDD) Stock Moves -1.29%: What You Should Know
Read MoreHide Full Article
In the latest market close, PDD Holdings Inc. (PDD - Free Report) reached $125.18, with a -1.29% movement compared to the previous day. This move was narrower than the S&P 500's daily loss of 1.57%. Meanwhile, the Dow experienced a drop of 1.49%, and the technology-dominated Nasdaq saw a decrease of 2.04%.
Prior to today's trading, shares of the company had gained 6.43% over the past month. This has outpaced the Retail-Wholesale sector's loss of 2.49% and the S&P 500's loss of 2.5% in that time.
The investment community will be paying close attention to the earnings performance of PDD Holdings Inc. in its upcoming release. The company's upcoming EPS is projected at $1.60, signifying a 58.42% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $10.42 billion, indicating a 90.07% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.47 per share and a revenue of $51.89 billion, indicating changes of +29.12% and +49.79%, respectively, from the former year.
Any recent changes to analyst estimates for PDD Holdings Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, PDD Holdings Inc. boasts a Zacks Rank of #1 (Strong Buy).
In terms of valuation, PDD Holdings Inc. is currently trading at a Forward P/E ratio of 14.98. This expresses a discount compared to the average Forward P/E of 19.96 of its industry.
Investors should also note that PDD has a PEG ratio of 0.3 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Commerce industry had an average PEG ratio of 0.74 as trading concluded yesterday.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 41, finds itself in the top 17% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
PDD Holdings Inc. (PDD) Stock Moves -1.29%: What You Should Know
In the latest market close, PDD Holdings Inc. (PDD - Free Report) reached $125.18, with a -1.29% movement compared to the previous day. This move was narrower than the S&P 500's daily loss of 1.57%. Meanwhile, the Dow experienced a drop of 1.49%, and the technology-dominated Nasdaq saw a decrease of 2.04%.
Prior to today's trading, shares of the company had gained 6.43% over the past month. This has outpaced the Retail-Wholesale sector's loss of 2.49% and the S&P 500's loss of 2.5% in that time.
The investment community will be paying close attention to the earnings performance of PDD Holdings Inc. in its upcoming release. The company's upcoming EPS is projected at $1.60, signifying a 58.42% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $10.42 billion, indicating a 90.07% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.47 per share and a revenue of $51.89 billion, indicating changes of +29.12% and +49.79%, respectively, from the former year.
Any recent changes to analyst estimates for PDD Holdings Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, PDD Holdings Inc. boasts a Zacks Rank of #1 (Strong Buy).
In terms of valuation, PDD Holdings Inc. is currently trading at a Forward P/E ratio of 14.98. This expresses a discount compared to the average Forward P/E of 19.96 of its industry.
Investors should also note that PDD has a PEG ratio of 0.3 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Commerce industry had an average PEG ratio of 0.74 as trading concluded yesterday.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 41, finds itself in the top 17% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.