Kingsoft Cloud (KC) Set to Announce Earnings on Tuesday

Kingsoft Cloud (NASDAQ:KC) will be releasing its earnings data before the market opens on Tuesday, November 19th. Analysts expect Kingsoft Cloud to post earnings of ($0.14) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Kingsoft Cloud (NASDAQ:KC) last announced its earnings results on Tuesday, August 20th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.04). The firm had revenue of $260.32 million during the quarter, compared to analyst estimates of $251.17 million. Kingsoft Cloud had a negative net margin of 25.33% and a negative return on equity of 24.99%. 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 Monday. The stock has a fifty day moving average of $3.06 and a two-hundred day moving average of $2.84. Kingsoft Cloud has a fifty-two week low of $2.02 and a fifty-two week high of $5.64. The company has a market capitalization of $1.28 billion, a PE ratio of -4.90 and a beta of 2.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.84 and a current ratio of 0.84.

Wall Street Analyst Weigh In

Separately, Bank of America cut their price objective on shares of Kingsoft Cloud from $3.80 to $3.20 and set a “neutral” rating on the stock in a report on Wednesday, August 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Kingsoft Cloud has a consensus rating of “Moderate Buy” and a consensus target price of $4.10.

Kingsoft Cloud Company Profile

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.