Advertisement
Singapore markets closed

  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • FTSE 100

    8,113.42
    +34.56 (+0.43%)
     

  • Bitcoin USD

    64,214.61
    +356.10 (+0.56%)
     

  • CMC Crypto 200

    1,385.06
    -11.47 (-0.82%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • Dow

    38,085.80
    -375.12 (-0.98%)
     

  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     

  • Gold

    2,356.40
    +13.90 (+0.59%)
     

  • Crude Oil

    84.07
    +0.50 (+0.60%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     

  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     

  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Strength Seen in Dingdong Cayman Limited Sponsored ADR (DDL): Can Its 21.2% Jump Turn into More Strength?

Zacks Equity Research
·2-min read

Dingdong Cayman Limited Sponsored ADR (DDL) shares rallied 21.2% in the last trading session to close at $6.47. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 9% gain over the past four weeks.

Dingdong’s loss ratio has narrowed significantly over the past year and the company is expecting to break even in the fourth quarter of 2022. Investors are bullish regarding the stock amid this as the company is investing heavily in more quality products, building a stronger supply chain and upgrading services to attract more customers and boost top-line growth.

This company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +104%. Revenues are expected to be $938.26 million, up 9% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

ADVERTISEMENT

For Dingdong Cayman Limited Sponsored ADR, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on DDL going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Dingdong Cayman Limited Sponsored ADR is part of the Zacks Internet - Commerce industry. TripAdvisor (TRIP), another stock in the same industry, closed the last trading session 0.9% higher at $19.38. TRIP has returned 7.9% in the past month.

TripAdvisor's consensus EPS estimate for the upcoming report has changed -10% over the past month to $0.05. Compared to the company's year-ago EPS, this represents a change of +600%. TripAdvisor currently boasts a Zacks Rank of #3 (Hold).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Dingdong Cayman Limited Sponsored ADR (DDL) : Free Stock Analysis Report

TripAdvisor, Inc. (TRIP) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research