Analyst Consensus ?
ConsensusBuy12 ratings
Bullish1191.7%
Neutral18.3%
Bearish00.0%
KE Holdings Inc. · BEKE · FY2024 Q4 · Calendar Q1 2025
Beike’s growth broadens, but policy and execution risks remain
The supplied analysis supports a constructive but conditional view: broad-based platform expansion, renovation and rental growth, and AI investment could support continued growth, but the case depends on property-market stabilization, disciplined costs, and successful AI execution.
Reported Before market openNYSEReal Estate
$20.22B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.26
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $27.34B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-7.3%
Event window
SPY move
-1.1%
Same window
Abnormal move
-6.2%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
-16.9%
Up to 20 sessions
BEKESPY benchmark
Ask FN2 about BEKE FY2024 Q4
Transcript, numbers and history already loaded
What drove BEKE's -7.3% move after FY2024 Q4 earnings?What changed in BEKE's guidance and outlook in FY2024 Q4?Give me the bull and bear case for BEKE after FY2024 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, the supplied current analysis places greater emphasis on AI deployment and shareholder returns while describing stronger platform scale and a broader contribution from renovation and rental services. The policy-supported rebound and margin risks remain.
Guidance delta
No formal guidance was provided in the supplied analysis; management discussed 2025 AI investment and ecosystem expansion plans.
Key takeaways
- The supplied transcript analysis describes record revenue and GTV, with renovation and rental services as important growth contributors.
- Management is scaling AI tools, including ChatHome, Pudding and agent assistants, to improve platform and delivery efficiency.
- The analysis points to continued store and agent expansion, shareholder returns, and policy-supported property-market recovery.
Management priorities
- Increase AI investment and expand AI assistants across the platform.
- Continue store and agent-network expansion through large-store and points-based programs.
- Advance renovation delivery, Beihaojia services, and shareholder-return plans.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$18.07Current
$19Low
$23.42Average
$30High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 17, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Overweight | Overweight | Maintain | May 21, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 12, 2025 |
| UBS | Buy | Neutral | Upgrade | May 16, 2025 |
| Citigroup | Buy | Buy | Maintain | May 16, 2025 |
| Morgan Stanley | Overweight | Overweight | Maintain | Mar 19, 2025 |
| B of A Securities | Buy | Neutral | Upgrade | Oct 30, 2024 |
| HSBC | Buy | Buy | Maintain | Mar 15, 2024 |
| New Street Research | Buy | Buy | Maintain | May 9, 2023 |
| Goldman Sachs | Buy | Neutral | Upgrade | Feb 18, 2022 |
| 86 Research | Hold | Sell | Upgrade | May 20, 2021 |
| China Renaissance | Buy | Hold | Upgrade | Apr 23, 2021 |
| Jefferies | Buy | Buy | Maintain | Jan 5, 2021 |
Named analyst price targets
Upside is calculated against the persisted current price $18.07. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| CLSA | Analyst unavailable | $23.8 | $16.87 | +31.7% | Aug 19, 2026 |
| UBS | John Lam | $23 | $18.52 | +27.3% | May 12, 2026 |
| Goldman Sachs | Timothy Zhao | $21 | $17.06 | +16.2% | May 4, 2026 |
| Griffin | Griffin Chan | $24.4 | $15.63 | +35.0% | Apr 8, 2026 |
| Barclays | Analyst unavailable | $23 | $17.22 | +27.3% | Feb 19, 2026 |
| Goldman Sachs | Analyst unavailable | $19 | $18.4 | +5.1% | Feb 2, 2026 |
| UBS | Analyst unavailable | $19 | $17.2 | +5.1% | Oct 31, 2025 |
| Jefferies | Thomas Chong | $22 | $18.58 | +21.7% | Aug 26, 2025 |
| UBS | John Lam | $24.5 | $21.55 | +35.6% | Mar 20, 2025 |
| Bank of America Securities | Miranda Zhuang | $28 | $22.16 | +55.0% | Oct 29, 2024 |
| Griffin | Griffin Chan | $23.8 | $14.24 | +31.7% | Sep 10, 2024 |
| Barclays | Jiong Shao | $30 | $16.97 | +66.0% | May 28, 2024 |
| Jefferies | Thomas Chong | $19.8 | $16.99 | +9.6% | May 23, 2024 |
| HSBC | Albert Tam | $21.8 | $14.03 | +20.6% | Mar 15, 2024 |
| Barclays | Jiong Shao Shao | $26 | $17.41 | +43.9% | Sep 9, 2022 |
| UBS | John Lam | $22.5 | $13.16 | +24.5% | Apr 18, 2022 |
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Start freeCompany context
Snapshot as of publicationKE Holdings Inc., through its various subsidiaries, operates a comprehensive online and offline ecosystem facilitating real estate transactions and services across the People's Republic of China. Its business activities are categorized into five distinct segments: existing home sales, new home sales, home improvement and furnishing solutions, rental property services, and emerging and other offerings. At its core, the company manages the Beike platform, which integrates its digital and physical real estate services.…
Historical context
All BEKE earningsReal Estate peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| PLD Prologis, Inc. | FY2026 Q3 · Calendar Q4 2026 | +105.9% | -2.7% | Prologis raises guidance as logistics and data-center demand stays strong |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-03-06T20:24:52.555694+00:00
- Polygon adjusted daily market bars · 2026-10-17T22:20:44.433391+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-17T22:20:44.430708+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-17. For educational purposes only; not investment advice.