Canada Markets close in 4 hrs 19 mins
  • S&P/TSX

    19,665.01
    +132.23 (+0.68%)
     
  • S&P 500

    4,000.09
    +63.12 (+1.60%)
     
  • DOW

    32,450.70
    +420.59 (+1.31%)
     
  • CAD/USD

    0.7332
    +0.0048 (+0.6657%)
     
  • CRUDE OIL

    71.48
    +0.58 (+0.82%)
     
  • BTC-CAD

    39,136.14
    +8.71 (+0.02%)
     
  • CMC Crypto 200

    628.12
    +30.66 (+5.13%)
     
  • GOLD FUTURES

    1,989.10
    +39.50 (+2.03%)
     
  • RUSSELL 2000

    1,755.87
    +28.51 (+1.65%)
     
  • 10-Yr Bond

    3.4770
    -0.0230 (-0.66%)
     
  • NASDAQ

    11,933.10
    +263.15 (+2.25%)
     
  • VOLATILITY

    20.42
    -1.84 (-8.27%)
     
  • FTSE

    7,529.84
    -37.00 (-0.49%)
     
  • NIKKEI 225

    27,419.61
    -47.00 (-0.17%)
     
  • CAD/EUR

    0.6721
    +0.0018 (+0.27%)
     

Youdao Third Quarter 2022 Earnings: Beats Expectations

Youdao (NYSE:DAO) Third Quarter 2022 Results

Key Financial Results

  • Revenue: CN¥1.40b (up 1.1% from 3Q 2021).

  • Net loss: CN¥183.9m (loss widened by 43% from 3Q 2021).

  • CN¥1.49 loss per share (further deteriorated from CN¥1.05 loss in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Youdao Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 34%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Services industry in the US.

Performance of the American Consumer Services industry.

The company's shares are up 17% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Youdao (1 shouldn't be ignored!) that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here