KE (NYSE:BEKE) Posts Earnings Results, Beats Expectations By $2.06 EPS

KE (NYSE:BEKE) announced its quarterly earnings results on Monday. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $2.06, Briefing.com reports. The business had revenue of $23.37 billion for the quarter, compared to analysts’ expectations of $21.51 billion. KE had a return on equity of 6.04% and a net margin of 4.80%. The business’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS.

KE Trading Up 1.6 %

BEKE traded up $0.23 during trading hours on Wednesday, hitting $14.99. The company’s stock had a trading volume of 531,167 shares, compared to its average volume of 8,150,482. KE has a fifty-two week low of $12.44 and a fifty-two week high of $20.48. The firm has a market capitalization of $18.48 billion, a PE ratio of 36.00, a PEG ratio of 3.21 and a beta of -0.75. The company has a 50-day simple moving average of $14.80 and a 200 day simple moving average of $14.77.

Wall Street Analyst Weigh In

Separately, Barclays increased their price target on KE from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 29th.

About KE

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. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.