KE (BEKE) Set to Announce Earnings on Wednesday

KE (NYSE:BEKEGet Rating) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, November 30th. Analysts expect KE to post earnings of $0.13 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

KE (NYSE:BEKEGet Rating) last released its quarterly earnings data on Tuesday, August 23rd. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.02. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.78 billion. KE had a negative return on equity of 7.67% and a negative net margin of 8.26%. On average, analysts expect KE to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

KE Stock Performance

BEKE opened at $14.07 on Wednesday. KE has a one year low of $7.31 and a one year high of $24.85. The company has a market cap of $16.76 billion, a price-to-earnings ratio of -21.32 and a beta of -2.10. The business’s fifty day moving average is $14.12 and its two-hundred day moving average is $14.83.

Institutional Investors Weigh In On KE

Hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its position in KE by 82.6% during the third quarter. California State Teachers Retirement System now owns 137,550 shares of the company’s stock worth $2,410,000 after acquiring an additional 62,208 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of KE during the third quarter worth $241,000. Balyasny Asset Management LLC acquired a new stake in shares of KE during the third quarter worth $320,000. Neuberger Berman Group LLC grew its position in shares of KE by 10.4% in the third quarter. Neuberger Berman Group LLC now owns 63,731 shares of the company’s stock valued at $1,088,000 after purchasing an additional 6,000 shares during the period. Finally, Alliancebernstein L.P. acquired a new position in KE in the third quarter valued at $1,527,000. 35.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on BEKE shares. Citigroup increased their price objective on shares of KE from $22.50 to $23.80 in a research note on Wednesday, August 24th. Barclays lifted their price objective on KE from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, October 28th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.44.

About KE

(Get Rating)

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.

Further Reading

Earnings History for KE (NYSE:BEKE)

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