Full Truck Alliance Co Ltd YMM.N reported quarterly adjusted earnings of 18 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of four analysts for the quarter was for earnings of 17 cents per share. Wall Street expected results to range from 17 cents to 17 cents per share.
Revenue rose 18.4% to $372.06 million from a year ago; analysts expected $365.99 million.
The company reported quarterly net income of $174.81 million.
Full Truck Alliance Co Ltd shares had fallen by 5.3% this quarter and gained 11.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 36.4% 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 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 $15.85
This summary was machine generated from LSEG data May 21 at 01:30 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)