Of 22 analysts covering the stock, 21 have a Buy or Strong Buy rating and the other has a Hold rating. At a share price of around $16.60, the stock’s implied upside based on a median price target of $24.15 is about 45.5%. At the high price target of $31.16, the upside potential is 87.7%.
Analysts expect KE Holdings to report second-quarter 2023 revenue of $2.65 billion, down 10.3% sequentially but up 28.6% year over year. EPS are pegged to come in at $0.18, down 58.0% sequentially and up from a loss of $0.08 per share in the year-ago quarter. For the full 2023 fiscal year, EPS are forecast at $0.82, up 136.8%, on sales of $10.64 billion, up 20.9% year over year.
The stock trades at 20.2 times expected 2023 EPS, 16.5 times estimated 2024 earnings of $1.00 and 15.2 times estimated 2025 earnings of $1.09 per share. The 52-week trading range is $9.09 to $21.08, and the company does not pay a dividend. Total shareholder return over the past year was negative 9.15%.
Polestar Automotive
Electric vehicle (EV) maker Polestar Automotive Holding UK PLC (NASDAQ: PSNY) came public in June of last year in a SPAC merger that pushed the stock to a gain of nearly 16% on the day shares began trading. It has been mostly downhill ever since.
The company got its start as a joint venture between Volvo and China’s Geely in 2017. Volvo retained a 48% stake in the new company. The Sweden-based firm just produced its 150,00th EV and has delivered nearly 28,000 in the first half of this year. All of that is sort of good news, but shares have dropped almost 54% over the past 12 months, including a 27% dip since the beginning of the year. Since the IPO, the stock is down 70%.
Just five analysts have ratings on Polestar’s stock. Three rate it at Hold and two rate it at Buy. At a share price of around $4.00, the upside potential based on a median price target of $5.00 is around 25%. At the high target of $9.00, the upside potential is 125%.
For the second quarter of fiscal 2023, the consensus estimates call for revenue of $756.15 million, up 38.5% sequentially. The company is expected to post an adjusted loss per share of $0.13, worse than the $0.11 loss in the prior quarter. For the full year, the company is expected to report a per-share loss of $0.57, worse than the $ 0.51 loss in 2022, on sales of $3.31 billion, up 26.3%.
Analysts do not expect it to produce a profit in 2023, 2024 or 2025. The enterprise value to sales multiple is expected to be 2.9 in 2023. Based on average estimated sales of $5.39 billion and $9.59 billion for 2024 and 2025, respectively, the multiple is 1.7 for 2024 and 1.0 for 2025. The 52-week trading range is $3.14 to $8.30. The company does not pay a dividend, and the total shareholder return for the past year is negative 53.40%.
Originally published at 24/7 Wall St.
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