ZKH Group Ltd reports results for the quarter ended June 30 - Earnings Summary

• ZKH Group Ltd ZKH reported a quarterly adjusted loss of 23 fen​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -21 fen. The lone analyst forecast for the quarter was for a loss of 20 fen per share.

• Revenue fell 3.7% to CNY2.17 billion from a year ago; analysts expected CNY2.17 billion.

• The company reported a quarterly loss of CNY53.51 million.

• ZKH Group Ltd shares had fallen by 3.3% this quarter and lost 15.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 233.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the diversified industrial goods wholesale peer group is also "buy"

• Wall Street's median 12-month price target for ZKH Group Ltd is $4.20, about 29.3% above its last closing price of $2.97

This summary was machine generated from LSEG data August 22 at 01:31 p.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)