From Nasdaq: 2024-11-20 10:27:00

PDD Holdings is set to report third-quarter 2024 results on Nov. 21. Estimates show revenue growth of 53.36% to $14.47 billion and earnings growth of 81.94% to $2.82 per share. The company has a strong history of beating earnings estimates, with an average surprise of 41.14% in the last four quarters.

Despite a predicted earnings beat, PDD Holdings faces stiff competition from global e-commerce giants like Amazon, eBay, and Alibaba. The company’s shares have underperformed the industry this year, down 19.6%. However, with a forward P/E ratio of 8.94X compared to the industry’s 15.35X, PDD offers a discounted valuation for investors.

Investors should consider PDD Holdings as an attractive investment opportunity ahead of its third-quarter results. The company’s focus on agricultural digitization, supply chain efficiencies, and technological innovation positions it for sustainable growth. With a strong cash position and a history of revenue growth, PDD is well-equipped for long-term value creation.

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Read more at Nasdaq: PDD Holdings Q3 Earnings on Deck: Time to Buy the Stock?