PDD(US:PDD) ZACKSยท2024-11-13 23:45Company Performance - PDD Holdings Inc. Sponsored ADR closed at $113.41, reflecting a -0.34% change from the previous trading day's closing, underperforming the S&P 500 which gained 0.02% [1] - The company's shares experienced an 11.24% loss over the previous month, compared to the Conglomerates sector's loss of 8.03% and the S&P 500's gain of 2.99% [1] Earnings Projections - The upcoming EPS for PDD is projected at $2.82, indicating an 81.94% increase year-over-year [2] - Revenue is estimated to be $14.47 billion, representing a 53.36% increase compared to the same quarter of the previous year [2] - Full-year estimates predict earnings of $12.01 per share and revenue of $56.47 billion, reflecting year-over-year changes of +83.08% and +62.99% respectively [3] Analyst Sentiment - Recent changes to analyst estimates for PDD indicate optimism regarding the company's business and profitability [4] - The Zacks Rank system currently rates PDD Holdings Inc. as 2 (Buy), with a 1.31% rise in the Zacks Consensus EPS estimate over the past month [6] Valuation Metrics - PDD is currently traded at a Forward P/E ratio of 9.47, which is a discount compared to the industry's average Forward P/E of 17.35 [7] - The PEG ratio for PDD is 0.26, significantly lower than the Diversified Operations industry's average PEG ratio of 1.95 [7] Industry Context - The Diversified Operations industry, part of the Conglomerates sector, has a Zacks Industry Rank of 72, placing it in the top 29% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]