Full Truck Alliance (YMM) Expected to Announce Quarterly Earnings on Wednesday

Full Truck Alliance (NYSE:YMM) is expected to be announcing its earnings results before the market opens on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $3.00 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Full Truck Alliance Stock Performance

Shares of Full Truck Alliance stock opened at $11.52 on Tuesday. The firm has a 50-day simple moving average of $11.49 and a two-hundred day simple moving average of $9.83. The company has a market cap of $12.14 billion, a P/E ratio of 27.43 and a beta of 0.25. Full Truck Alliance has a fifty-two week low of $5.70 and a fifty-two week high of $13.03.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on YMM shares. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $12.00 to $13.00 in a research report on Wednesday, December 11th. Citigroup boosted their target price on shares of Full Truck Alliance from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a research note on Wednesday, February 26th. Finally, HSBC began coverage on shares of Full Truck Alliance in a research note on Wednesday, February 26th. They set a “buy” rating and a $18.00 target price for the company. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $13.25.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.