Waterdrop Inc ADR Up 4.76% To $1.34 After Earnings Beat

Tuesday, March 26, 2024 - Waterdrop Inc ADR (WDH) reported upside earnings and downside revenues.

Waterdrop Inc ADR's earnings came in at an EPS of $0.03 per share, 200.00% higher than estimates for an EPS of $0.01 per share. The firm's earnings are down 50% since reporting $0.06 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Consensus analyst estimates were at $94.6 million. The Financial Services company missed on those expectations for its fourth quarter with revenue of $92.9 million, a negative revenue surprise of $1.7 million (2%). The firm managed negative 6% growth year-over-year due to Waterdrop Inc ADR reporting quarterly revenue of $98.5 million in its year-ago quarter. Waterdrop Inc ADR achieved a lower earnings growth rate than revenue, signaling that the business has not been able to improve its profit margin.

The stock is up 4.76% to $1.34 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 42. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

Waterdrop Inc is a technology platform dedicated to insurance and healthcare service. It is a third-party insurance platform in China in terms of life and health insurance.