KE (NYSE:BEKE – Get Free Report) released its earnings results on Monday. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $0.22 by $2.06, Briefing.com reports. The business had revenue of $23.37 billion during the quarter, compared to analyst estimates of $21.51 billion. KE had a net margin of 4.80% and a return on equity of 6.04%. The business’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.17 earnings per share.
KE Trading Up 1.3 %
BEKE stock traded up $0.19 during mid-day trading on Wednesday, reaching $14.95. 4,274,298 shares of the stock traded hands, compared to its average volume of 8,178,225. KE has a 52-week low of $12.44 and a 52-week high of $20.48. The stock’s fifty day moving average is $14.80 and its 200-day moving average is $14.77. The company has a market cap of $18.43 billion, a P/E ratio of 36.56, a P/E/G ratio of 3.21 and a beta of -0.75.
Analyst Upgrades and Downgrades
Separately, Barclays upped their price target on KE from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th.
About KE
KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.
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