Kingsoft Cloud Holdings KC is set to give its latest quarterly earnings report on Tuesday, 2024-11-19. Here's what investors need to know before the announcement.
Analysts estimate that Kingsoft Cloud Holdings will report an earnings per share (EPS) of $-0.16.
Investors in Kingsoft Cloud Holdings are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
Past Earnings Performance
Last quarter the company missed EPS by $0.02, which was followed by a 4.22% increase in the share price the next day.
Here's a look at Kingsoft Cloud Holdings's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.15 | -0.14 | -0.16 | -0.17 |
| EPS Actual | -0.17 | -0.12 | -0.15 | -0.18 |
| Price Change % | 4.0% | -3.0% | -3.0% | -1.0% |
Performance of Kingsoft Cloud Holdings Shares
Shares of Kingsoft Cloud Holdings were trading at $5.05 as of November 15. Over the last 52-week period, shares are down 11.28%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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