Brokers Set Expectations for Pinduoduo Inc’s Q2 2019 Earnings (PDD)

Pinduoduo Inc (NASDAQ:PDD) – Equities research analysts at Jefferies Financial Group issued their Q2 2019 earnings estimates for shares of Pinduoduo in a report issued on Tuesday, May 21st. Jefferies Financial Group analyst K. Chan expects that the company will post earnings per share of ($0.20) for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $30.00 target price on the stock. Jefferies Financial Group also issued estimates for Pinduoduo’s Q3 2019 earnings at ($0.20) EPS, Q4 2019 earnings at ($0.06) EPS and FY2019 earnings at ($0.70) EPS.

Pinduoduo (NASDAQ:PDD) last released its quarterly earnings results on Monday, May 20th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.04. The business had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Pinduoduo had a negative return on equity of 96.31% and a negative net margin of 73.90%. The company’s quarterly revenue was up 228.3% compared to the same quarter last year.



Other equities analysts have also recently issued research reports about the company. UBS Group initiated coverage on Pinduoduo in a report on Wednesday, March 6th. They issued a “buy” rating and a $37.00 target price for the company. ValuEngine cut Pinduoduo from a “buy” rating to a “hold” rating in a report on Wednesday, February 20th. HSBC initiated coverage on Pinduoduo in a report on Friday, February 1st. They issued a “hold” rating for the company. Zacks Investment Research upgraded Pinduoduo from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, 86 Research initiated coverage on Pinduoduo in a report on Tuesday, May 7th. They issued a “hold” rating and a $23.74 target price for the company. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.95.

NASDAQ PDD opened at $20.53 on Friday. The company has a market cap of $23.84 billion and a price-to-earnings ratio of -10.27. Pinduoduo has a 1-year low of $16.53 and a 1-year high of $31.99.

Several institutional investors have recently made changes to their positions in PDD. Gilder Gagnon Howe & Co. LLC lifted its stake in shares of Pinduoduo by 12.1% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 5,200 shares of the company’s stock worth $129,000 after acquiring an additional 561 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of Pinduoduo by 8.9% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 17,460 shares of the company’s stock worth $433,000 after acquiring an additional 1,427 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Pinduoduo during the 1st quarter worth approximately $35,000. Enlightenment Research LLC bought a new stake in shares of Pinduoduo during the 4th quarter worth approximately $54,000. Finally, Quadrant Capital Group LLC bought a new stake in shares of Pinduoduo during the 1st quarter worth approximately $66,000. Hedge funds and other institutional investors own 8.55% of the company’s stock.

About Pinduoduo

Pinduoduo Inc operates an e-commerce platform in the People's Republic of China. It also operates Pinduoduo, a mobile platform that offers a range of priced merchandise. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc in July 2018. Pinduoduo Inc was founded in 2015 and is based in Shanghai, the People's Republic of China.

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Earnings History and Estimates for Pinduoduo (NASDAQ:PDD)

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