• PDD Holdings Inc PDD.OQ reported quarterly adjusted earnings of CNY20.15​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of CNY17.32. The mean expectation of fifteen analysts for the quarter was for earnings of CNY19.81 per share. Wall Street expected results to range from CNY17.03 to CNY21.92 per share.

• Revenue rose 24.4% to CNY110.61 billion from a year ago; analysts expected CNY115.38 billion.

• PDD Holdings Inc's reported EPS for the quarter was CNY18.53​.

• The company reported quarterly net income of CNY27.45 billion.

• PDD Holdings Inc shares had risen by 29.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 36 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the online services peer group is also "buy"

Wall Street's median 12-month price target for PDD Holdings Inc is $152.00

This summary was machine generated from LSEG data March 20 at 01:31 p.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)