Full Truck Alliance Co Ltd reports results for the quarter ended in March - Earnings Summary

Full Truck Alliance

21/05/2024 14:32

* Full Truck Alliance Co Ltd  YMM.N  reported quarterly
adjusted
earnings of 10 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 7 cents.  The mean expectation of five analysts
for the quarter was for earnings of 7 cents per share. Wall
Street expected results to range from 4 cents to 9 cents per
share.
    * Revenue rose 27.4% to $315.70 million from a year ago;
analysts
expected $314.24 million. 
    * Full Truck Alliance Co Ltd's reported EPS for the quarter
was 8
cents​.
    * The company reported quarterly net income of $81.59
million.
    * Full Truck Alliance Co Ltd shares had risen by 29.4% this
quarter and gained 34.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Full Truck
Alliance Co Ltd is $10.00 
This summary was machine generated from LSEG data May 21 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.07           0.10           Beat
 Dec. 31 2023      0.08           0.10           Beat
 Sep. 30 2023      0.08           0.11           Beat
 Jun. 30 2023      0.07           0.09           Beat