Full Truck Alliance Co Ltd YMM.N reported quarterly adjusted earnings of CNY1.30 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 94 fen. The mean expectation of five analysts for the quarter was for earnings of CNY1.17 per share. Wall Street expected results to range from CNY1.16 to CNY1.19 per share.
Revenue rose 18.7% to CNY3.27 billion from a year ago; analysts expected CNY3.08 billion.
Full Truck Alliance Co Ltd's reported EPS for the quarter was CNY1.23.
The company reported quarterly net income of CNY1.26 billion.
Full Truck Alliance Co Ltd shares had fallen by 6.8% this quarter and gained 1.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 2.5% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 3 "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 $14.60, about 24.6% above its last closing price of $11.01
This summary was machine generated from LSEG data August 21 at 01:31 p.m. UTC. All figures in Chinese yuan renminbi 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)