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

Kingsoft Cloud (NASDAQ:KC - Get Free Report) will be posting its quarterly earnings results before the market opens on Tuesday, November 19th. Analysts expect Kingsoft Cloud to post earnings of ($0.14) per share for the quarter.

Kingsoft Cloud (NASDAQ:KC - Get Free Report) last released 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). 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 Stock Performance

Shares of NASDAQ KC traded up $0.37 during midday trading on Wednesday, hitting $4.45. The stock had a trading volume of 3,251,886 shares, compared to its average volume of 1,473,112. The company's 50-day simple moving average is $2.91 and its 200 day simple moving average is $2.80. Kingsoft Cloud has a fifty-two week low of $2.02 and a fifty-two week high of $5.80. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.03.

Analyst Upgrades and Downgrades

Separately, Bank of America decreased their price objective on Kingsoft Cloud from $3.80 to $3.20 and set a "neutral" rating for the company in a research note on Wednesday, August 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Kingsoft Cloud has an average rating of "Moderate Buy" and an average 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.