BEKE Earnings Prediction
The chart below shows how BEKE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BEKE sees a -1.55% change in stock price 10 days leading up to the earnings, and a -1.46% change 10 days following the report. On the earnings day itself, the stock moves by +1.91%. This data can give you a slight idea of what to expect for the next quarter's release.
BEKE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
22.58B
26.80%
-3.36%
Gross Margin
22.74%
-17.01%
-18.47%
Operating Margin
3.78%
-27.45%
-57.77%
Net Margin
5.17%
-21.31%
-36.41%
EPS
0.33
3.13%
-38.89%
No Data Available
BEKE Earnings Analysis
KE Holdings Inc. American Depositary Shares (each representing three Class A Ordinary Shares) Corporation (BEKE.N) Earnings Conference Call
Positive
Home Transactions GTV Growth: GTV for our existing home transactions business reached RMB 477.8 billion in the third quarter, up 8.8% year-over-year.
Online Home Transaction Growth: The total number of online registered transactions for existing homes grew by about 21% year-over-year in the third quarter.
Home Services Revenue Growth: Our home renovation and furnishing and home rental services revenue grew year-over-year by around 33% and 118%, respectively.
Active Store Growth: By the end of Q3, we had increased the number of active stores on our platform by 14.6% year-over-year, with a net addition of almost 6,000 stores compared with the same period last year.
Home Renovation Revenue Surge: In Q3, our home renovation and furnishing business achieved a steady growth, with revenue reaching RMB 3.94 billion, up 118.4% year-over-year.
Negative
Stable G&A Expenses: G&A expenses were relatively stable year-over-year at RMB 1.9 billion while falling sequentially by 8.6%.
Operating Expenses Analysis: GAAP operating expenses were RMB 4.4 billion, up 11% year-over-year and down 2.1% sequentially.
Net Income Decline: GAAP net income totaled RMB 727 million in Q3, down 20.2% year-over-year and down 63.9% sequentially.
Decline in Non-GAAP Income: Non-GAAP net income from operations totaled RMB 1.4 billion, declining by 27.7% from the same period of last year and 51.5% quarter-over-quarter.
Operating Margin Decline: Non-GAAP operating margin was 6%, down 4.6 and 6 percentage points from Q3 2023 and Q2 2024, respectively.
BEKE FAQs
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BEKE Earning Call Sentiment
KE Holdings Inc. (BEKE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BEKE.N
3.36%Positive
The earnings call summary shows mixed results: positive revenue growth and share repurchase expansion, but declining margins and net income. The Q&A highlights market uncertainties and unclear management responses. Despite strong new home transaction growth and rental services, the overall sentiment is cautious due to economic uncertainties and quality issues. The share repurchase program expansion is a positive, but the decline in contribution margins and unclear guidance on market forces balance the sentiment to neutral.
