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

Kingsoft Cloud (NASDAQ:KC) will 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. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Kingsoft Cloud (NASDAQ:KC) last issued its earnings results on Tuesday, August 20th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Kingsoft Cloud had a negative return on equity of 24.99% and a negative net margin of 25.33%. The firm had revenue of $260.32 million during the quarter, compared to analysts’ expectations of $251.17 million. 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 %

Shares of KC opened at $5.05 on Friday. The stock has a market capitalization of $1.28 billion, a P/E ratio of -4.90 and a beta of 2.00. Kingsoft Cloud has a twelve month low of $2.02 and a twelve month high of $5.64. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $3.06 and a two-hundred day simple moving average of $2.84.

Analyst Ratings Changes

Separately, Bank of America dropped their target price on shares of Kingsoft Cloud from $3.80 to $3.20 and set a “neutral” rating for the company in a 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 company’s stock. Based on data from MarketBeat.com, Kingsoft Cloud currently has an average rating of “Moderate Buy” and a consensus price target of $4.10.

About Kingsoft Cloud

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.