Kingsoft Cloud (KC) Set to Announce Quarterly Earnings on Tuesday

Posted by ABMN Staff on Nov 18th, 2024

Kingsoft Cloud (NASDAQ:KC – Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, November 19th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Kingsoft Cloud (NASDAQ:KC – Get Free Report) last released its earnings results on Tuesday, August 20th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The firm had revenue of $260.32 million for the quarter, compared to the consensus estimate of $251.17 million. Kingsoft Cloud had a negative return on equity of 24.99% and a negative net margin of 25.33%. On average, analysts expect Kingsoft Cloud to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Kingsoft Cloud Trading Up 8.6 %

Kingsoft Cloud stock opened at $5.05 on Monday. The stock has a market cap of $1.28 billion, a P/E ratio of -4.90 and a beta of 2.00. Kingsoft Cloud has a 1 year low of $2.02 and a 1 year high of $5.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.84 and a quick ratio of 0.84. The firm’s 50 day moving average price is $3.06 and its 200-day moving average price is $2.84.

Wall Street Analysts Forecast Growth

Separately, Bank of America dropped their price objective on Kingsoft Cloud from $3.80 to $3.20 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4.10.

Check Out Our Latest Report on Kingsoft Cloud

Kingsoft Cloud Company Profile

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Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, network, database, big data, security, storage, and delivery solutions.