PDD (PDD) Expected to Announce Quarterly Earnings on Thursday

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

PDD Stock Down 1.6 %

Shares of NASDAQ:PDD opened at $126.79 on Wednesday. The stock has a fifty day simple moving average of $113.99 and a two-hundred day simple moving average of $112.70. The stock has a market capitalization of $174.45 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 0.32 and a beta of 0.69. PDD has a 12-month low of $88.01 and a 12-month high of $164.69. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PDD. Jefferies Financial Group lowered their price objective on PDD from $181.00 to $171.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. JPMorgan Chase & Co. cut PDD from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $170.00 to $105.00 in a research note on Friday, November 22nd. Benchmark decreased their price target on PDD from $185.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Finally, Dbs Bank cut PDD from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, PDD has a consensus rating of “Moderate Buy” and an average price target of $173.40.

PDD Company Profile

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.