Hesai Group reports results for the quarter ended September 30 - Earnings Summary

• Hesai Group 2525.HK reported quarterly adjusted earnings of 9 fen​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 25 fen. The mean expectation of two analysts for the quarter was for earnings of 38 fen per share. Wall Street expected results to range from 12 fen to 65 fen per share.

• Revenue rose 34.3% to CNY1.07 billion from a year ago; analysts expected CNY998.79 million.

• The company reported quarterly net income of CNY80.79 million.

• Hesai Group shares had fallen by 9.2% this quarter and lost 36.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 132.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

• Wall Street's median 12-month price target for Hesai Group is HK$28.37, about 47.6% above its last closing price of HK$14.87

This summary was machine generated from LSEG data November 10 at 02:57 p.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)