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

Kingsoft Cloud (NASDAQ:KC) is scheduled to release 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. Persons interested in registering for 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 analysts’ consensus estimates of ($0.16) by ($0.04). The firm had revenue of $260.32 million during the quarter, compared to the consensus estimate 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 Kingsoft Cloud stock opened at $5.05 on Friday. The stock has a market capitalization of $1.28 billion, a PE ratio of -4.90 and a beta of 2.00. Kingsoft Cloud has a 52 week low of $2.02 and a 52 week high of $5.64. The stock has a 50 day moving average price of $3.06 and a two-hundred day moving average price of $2.84. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.84 and a current ratio of 0.84.

Analyst Upgrades and Downgrades

Separately, Bank of America cut their target price 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.