• Kingsoft Cloud Holdings Ltd KC.OQ reported a quarterly adjusted loss of 77 fen​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -90 fen. The mean expectation of two analysts for the quarter was for a loss of 47 fen per share. Wall Street expected results to range from -47 fen to -47 fen per share.

• Revenue rose 10.9% to CNY1.97 billion from a year ago; analysts expected CNY2.24 billion.

• Kingsoft Cloud Holdings Ltd shares had fallen by 17.3% this quarter and gained 13.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 38.9% 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 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for Kingsoft Cloud Holdings Ltd is $17.65

This summary was machine generated from LSEG data May 29 at 02:30 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)