Dada Nexus Ltd reports results for the quarter ended in March - Earnings Summary

• Dada Nexus Ltd DADA reported a quarterly adjusted loss of 72 fen​​ per share for the quarter ended in March, identical to the same quarter last year. The mean expectation of five analysts for the quarter was for a loss of 49 fen per share. Wall Street expected results to range from -54 fen to -44 cents per share.

• Revenue fell 4.8% to CNY2.45 billion from a year ago; analysts expected CNY2.57 billion.

• The company reported a quarterly loss of CNY327.97 million.

• Dada Nexus Ltd shares had fallen by 5.9% this quarter and lost 41.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 320.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 2 "hold" and 2 "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 Dada Nexus Ltd is $4.20

This summary was machine generated from LSEG data May 15 at 11:08 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)