DiDi Global (OTCMKTS:DIDIY) Posts Earnings Results, Beats Expectations By $0.01 EPS

DiDi Global (OTCMKTS:DIDIY) released its quarterly earnings data on Tuesday. The ride-hailing company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01, Zacks reports. The firm had revenue of $8.48 billion during the quarter, compared to analyst estimates of $8.56 billion. DiDi Global had a positive return on equity of 4.91% and a negative net margin of 1.11%.

DiDi Global Trading Down 5.5%

OTCMKTS DIDIY opened at $3.62 on Thursday. DiDi Global has a 12 month low of $3.35 and a 12 month high of $6.99. The stock has a market cap of $16.50 billion, a P/E ratio of -45.25 and a beta of 0.47. The stock’s fifty day moving average price is $3.75 and its 200-day moving average price is $4.51.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded DiDi Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $8.60.

DiDi Global Company Profile

DiDi Global Inc is a technology company that provides mobility and transportation services, primarily through its ride-hailing platform. The company connects riders with drivers through a mobile app and offers a range of services that may include ride-sharing, taxi-hailing, and other local transportation solutions.

DiDi was founded in China and has expanded its business beyond core ride-hailing to include additional services in adjacent mobility and local services categories. The company has operated in multiple markets, with a strong historical focus on China and other select international geographies.

In addition to its consumer-facing platform, DiDi also develops technology and data-driven tools aimed at improving transportation efficiency and user experience.