On May 22 (Wednesday), $PDD Holdings (PDD.US)$The first quarter performance of 2024 will be released.Since 2024, pdd holdings' stock price has been volatile. As of the close of the U.S. market on May 16, pdd holdings has fallen 2% this year, with the latest closing price at $143.38 per share.
For the upcoming first quarter performance of 2024,The market generally predicts that pdd holdings will achieve a first quarter revenue of 76.56 billion yuan, an increase of 103.42% year-on-year; expected earnings per share of 10.41 yuan, an increase of 87.61% year-on-year.There are currently 12 analysts who have given ratings on the stock, with an average target price of $182.78, meaning that the stock still has about 27.5% upside potential compared to the current price.
Last quarter, Pinduoduo released an impressive quarterly report that exceeded Wall Street's expectations. While the quarterly revenue doubled to 88.88 billion yuan, operating profit also achieved a year-on-year increase of 146%. Western Securities believes that the cross-border e-commerce market is growing rapidly, with export e-commerce taking the lead, and there will be new breakthroughs in the future.
Looking ahead to the first quarter performance,Bloomberg analysts predict that Pinduoduo's online marketing and other income will increase by over 38% year-on-year, and transaction service revenue will increase by 267%. However, looking past the impressive year-on-year data, Bloomberg predicts that the quarterly revenue of its two main business segments will decline. Online marketing and other income are expected to decrease by 22.7% compared to the previous quarter...