KE (NYSE:BEKE) issued an update on its second quarter 2021 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $3.40 billion-$3.60 billion, compared to the consensus revenue estimate of $3.53 billion.
Shares of NYSE BEKE traded up $0.28 during trading hours on Friday, reaching $50.13. The stock had a trading volume of 10,769,896 shares, compared to its average volume of 4,658,649. The firm has a market cap of $44.57 billion and a price-to-earnings ratio of 334.20. KE has a fifty-two week low of $31.79 and a fifty-two week high of $79.40. The firm has a 50-day moving average of $53.15 and a 200-day moving average of $60.93.
KE (NYSE:BEKE) last posted its quarterly earnings data on Tuesday, May 18th. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $1.17. The company had revenue of $20.70 billion for the quarter, compared to analysts’ expectations of $18.96 billion. The firm’s revenue was up 190.7% on a year-over-year basis. Equities analysts anticipate that KE will post 0.74 EPS for the current fiscal year.
Several analysts have commented on BEKE shares. 86 Research raised KE from a sell rating to a hold rating and set a $39.00 price objective for the company in a research note on Thursday. Credit Suisse Group initiated coverage on KE in a report on Wednesday, April 7th. They issued an outperform rating on the stock. The Goldman Sachs Group upgraded KE from a neutral rating to a buy rating and set a $69.00 price target on the stock in a report on Wednesday, March 17th. HSBC initiated coverage on KE in a report on Monday, March 8th. They issued a buy rating and a $80.00 price target on the stock. Finally, China Renaissance Securities upgraded KE from a hold rating to a buy rating and set a $68.00 price target on the stock in a report on Thursday, April 29th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $66.96.
KE Company Profile
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. The company operates in three segments: Existing Home Transaction Services, New Home Transaction Services, and Emerging and Other Services.
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