PDD ADR Rises 2.54% to $86.94 as Forward P/E Holds at 8.18
Updated
Updated · Yahoo Finance · Aug 17
PDD ADR Rises 2.54% to $86.94 as Forward P/E Holds at 8.18
1 articles · Updated · Yahoo Finance · Aug 17
Summary
$86.94 marked PDD Holdings' latest close, up 2.54% on the day and beating declines of 0.52% for the S&P 500, 0.51% for the Dow and 0.32% for the Nasdaq.
An 8.18 forward P/E and 0.65 PEG helped support the move, both below Internet-commerce industry averages of 19.07 and 1.16, respectively.
Analyst sentiment stayed constructive even though the 30-day consensus EPS estimate was unchanged, leaving PDD with a Zacks Rank of #3, or Hold.
Investors are now looking to upcoming results, with quarterly EPS projected at $2.85, down 7.47% year over year, on revenue of $17.13 billion, up 18.04%.