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

Full Truck Alliance

20/11/2023 14:32

* Full Truck Alliance Co Ltd  YMM.N  reported quarterly
adjusted
earnings of 11 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 7 cents.  The mean expectation of
four analysts for the quarter was for earnings of 8 cents per
share. Wall Street expected results to range from 8 cents to 9
cents per share.
    * Revenue rose 22% to $310.30 million from a year ago;
analysts
expected $300.30 million. 
    * Full Truck Alliance Co Ltd's reported EPS for the quarter
was 8
cents​.
    * The company reported quarterly net income of $84.2
million.
    * Full Truck Alliance Co Ltd shares had fallen by 0.4% this
quarter and lost 12.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 14.5%
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 9 "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 $11.00 
This summary was machine generated from LSEG data November 20 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.08           0.11           Beat
 Jun. 30 2023      0.07           0.09           Beat
 Mar. 31 2023      0.05           0.07           Beat
 Dec. 31 2022      0.05           0.06           Beat