Benzinga | Nov 23, 2021 10:41AM EST

Earnings Preview: Kingsoft Cloud Holdings

Kingsoft Cloud Holdings (NASDAQ:KC) is set to give its latest quarterly earnings report on Wednesday, 2021-11-24. Here's what investors need to know before the announcement.

Analysts estimate that Kingsoft Cloud Holdings will likely report an Earnings Per Share (EPS) of $-0.20.

Kingsoft Cloud Holdings bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company missed EPS by $0.03, which was followed by a 1.09% increase in the share price the next day.

Here's a look at Kingsoft Cloud Holdings's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate -0.13 -0.15 -0.09 -0.16EPS Actual -0.16 -0.15 -0.12 -0.11Price Change % 1.09% -1.52% 2.07% 2.88%

Stock Performance

Shares of Kingsoft Cloud Holdings were trading at $20.8 as of November 22. Over the last 52-week period, shares are down 44.04%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here