PDD (PDD) Expected to Announce Earnings on Thursday

PDD (NASDAQ:PDD) is expected to be issuing its quarterly earnings data before the market opens on Thursday, March 20th. Analysts expect the company to announce earnings of $2.56 per share and revenue of $115.77 billion for the quarter.

PDD Price Performance

NASDAQ:PDD opened at $128.90 on Tuesday. The stock has a market capitalization of $177.35 billion, a PE ratio of 12.59, a P/E/G ratio of 0.32 and a beta of 0.69. PDD has a 1-year low of $88.01 and a 1-year high of $164.69. The firm has a fifty day simple moving average of $113.47 and a 200 day simple moving average of $112.48. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PDD shares. Jefferies Financial Group lowered their price objective on shares of PDD from $181.00 to $171.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Dbs Bank downgraded PDD from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. lowered PDD from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $170.00 to $105.00 in a research note on Friday, November 22nd. Finally, Benchmark reduced their target price on PDD from $185.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, PDD presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.40.

About PDD

PDD Holdings Inc, a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace.