From Nasdaq: 2024-05-21 12:29:00

PDD Holdings Inc. is set to report first-quarter 2024 results on May 22. Sales estimated at $10.42 billion show 90.1% growth, while the earnings per share estimate is $1.60, a 58.4% rise. The company’s focus on innovation and e-commerce growth are expected to reflect in the upcoming results, despite challenges like inflation and low consumer spending.

Factors such as the integration of online and offline retail, bolstering agriculture and grocery businesses, and partnerships with local communities are likely to benefit PDD Holdings’ performance. The rising consumer interest in various categories and strong momentum in online marketing and transactions are expected to drive top-line growth. However, the impacts of increasing costs need to be monitored closely.

Our model does not predict an earnings beat for PDD Holdings this quarter, with an Earnings ESP of 0.00%. Companies like NVIDIA, Abercrombie & Fitch, and Agilent Technologies have a better chance of posting an earnings beat this quarter. Watch out for the upcoming first-quarter fiscal results and stay informed with the Zacks Earnings Calendar.

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Read more at Nasdaq: PDD Holdings (PDD) to Report Q1 Earnings: What’s in the Cards?