Yahoo Finance Chindata Group Holdings Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags
Chindata Group Holdings (NASDAQ:CD) Third Quarter 2022 Results
Key Financial Results
Revenue: CN¥1.20b (up 62% from 3Q 2021).
Net income: CN¥241.0m (up 207% from 3Q 2021).
Profit margin: 20% (up from 11% in 3Q 2021). The increase in margin was driven by higher revenue.
EPS: CN¥0.66 (up from CN¥0.22 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Chindata Group Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) missed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are down 11% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Chindata Group Holdings that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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