Kingsoft Cloud Holdings Ltd (HKSE:03896, Financial) is set to release its Q3 2024 earnings on Nov 19, 2024. The consensus estimate for Q3 2024 revenue is $1.98 billion, and the earnings are expected to come in at -$0.62 per share. The full year 2024's revenue is expected to be $8.02 billion and the earnings are expected to be -$0.34 per share. More detailed estimate data can be found on the Forecast page.
Kingsoft Cloud Holdings Ltd (HKSE:03896, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Kingsoft Cloud Holdings Ltd (HKSE:03896) for the full year 2024 have increased from $7.88 billion to $8.02 billion, and for 2025 from $8.53 billion to $8.83 billion. Earnings estimates for the full year 2024 have declined from -$0.33 per share to -$0.34 per share, while estimates for 2025 have improved from -$0.26 per share to -$0.25 per share.
Kingsoft Cloud Holdings Ltd (HKSE:03896, Financial) Reported History
In the previous quarter of 2024-06-30, Kingsoft Cloud Holdings Ltd's (HKSE:03896) actual revenue was $2.04 billion, which beat analysts' revenue expectations of $1.94 billion by 5.04%. Kingsoft Cloud Holdings Ltd's (HKSE:03896) actual earnings were -$0.11 per share, which beat analysts' earnings expectations of -$0.49 per share by 77.91%. After releasing the results, Kingsoft Cloud Holdings Ltd (HKSE:03896) was down by -0.75% in one day.
Kingsoft Cloud Holdings Ltd (HKSE:03896, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 1 analyst, the average target price for Kingsoft Cloud Holdings Ltd (HKSE:03896) is $1.70 with a high estimate of $1.70 and a low estimate of $1.70. The average target implies a downside of -27.74% from the current price of $2.35.
Based on GuruFocus estimates, the estimated GF Value for Kingsoft Cloud Holdings Ltd (HKSE:03896, Financial) in one year is $2.13, suggesting a downside of -9.36% from the current price of $2.35.
Based on the consensus recommendation from 3 brokerage firms, Kingsoft Cloud Holdings Ltd's (HKSE:03896, Financial) average brokerage recommendation is currently 2.3, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies a strong buy, and 5 denotes a sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
