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KE Holdings, Inc. Class A (HK:2423)
:2423
RESEARCH TOOLSreports
Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.64Last Year’s EPS
0.52Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 21, 2024
|% Change Since: 0.84%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in key areas like new home transactions and home renovation services, along with strategic expansions and collaborations. However, there were challenges in maintaining profitability, as seen in decreased margins and net income. Despite these challenges, the positive aspects and strategic moves suggest a cautiously optimistic outlook.Company Guidance
During the third quarter of fiscal year 2024, KE Holdings, Inc. showcased a strong performance across its business segments despite market challenges. The Gross Transaction Value (GTV) for existing home transactions hit RMB477.8 billion, marking an 8.8% year-over-year increase. The GTV for new home transactions on the Beike platform rose impressively by 18% to RMB227.6 billion, contrasting with a 29% year-over-year decline for CRIC’s top 100 developers. Additionally, the revenue from home renovation and furnishing services surged by 33%, while home rental services revenue soared by 118%. The company also expanded its active store count by 14.6% year-over-year, reaching over 46,800 stores, and increased its active agent count to over 420,000. In terms of financial performance, the total GTV reached RMB736.8 billion, up 12.5% year-over-year, and net revenue increased by 26.8% to RMB22.6 billion. However, the gross margin decreased to 22.7%, a decline of 4.7 percentage points year-over-year, with GAAP net income slightly decreasing by 0.2% to RMB1.2 billion. The company emphasized its focus on long-term growth, integrity, and creativity, aiming to become a lasting entity by fostering an innovative governance system and strategic collaborations in the new home market.Strong Growth in Existing Home Transactions
GTV for existing home transactions reached RMB477.8 billion in Q3, up 8.8% year-over-year. Beike platform transactions grew by 44% year-over-year, outperforming market growth of 21%.
Impressive Performance in New Home Transactions
GTV on Beike platform increased by 18% to RMB227.6 billion in Q3, contrasting a 29% decline in GTV from CRIC’s top 100 developers.
Expansion of Active Store and Agent Network
The number of active stores increased by 14.6% year-over-year, and active agents grew by a net addition of 24,000 since last year.
Significant Growth in Home Renovation and Furnishing, and Rental Services
Revenue from home renovation and furnishing services grew by 33%, and home rental services revenue surged by 118% year-over-year.
Strategic Collaborations with Top Developers
Strategic partner developers accounted for 26% of total new home transactions in August, covering all top-tier developers.
Innovative Governance Initiatives
Established a small leadership committee and officially appointed CEOs of new initiative businesses to drive strategic planning and innovation.
Robust Cash Reserves and Share Buybacks
Total cash liquidity remained high at RMB76.3 billion, excluding customer deposits, with $584 million worth of shares repurchased this year.
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HK:2423 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HK:2423 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 21, 2024 | HK$53.50 | HK$51.95 | -2.90% |
| Aug 12, 2024 | HK$36.35 | HK$35.85 | -1.38% |
| May 23, 2024 | HK$49.60 | HK$49.45 | -0.30% |
| Mar 14, 2024 | HK$37.75 | HK$37.02 | -1.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does KE Holdings, Inc. Class A (HK:2423) report earnings?
KE Holdings, Inc. Class A (HK:2423) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is KE Holdings, Inc. Class A (HK:2423) earnings time?
KE Holdings, Inc. Class A (HK:2423) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of KE Holdings, Inc. Class A stock?
The P/E ratio of KE Holdings, Inc. Class A is N/A.
What is HK:2423 EPS forecast?
HK:2423 EPS forecast for the fiscal quarter 2024 (Q4) is 0.64.
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