DiDi Global (OTCMKTS:DIDIY) Announces Quarterly 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 (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01, Zacks reports. DiDi Global had a return on equity of 7.87% and a net margin of 0.43%.

DiDi Global Stock Up 2.6%

DiDi Global stock traded up $0.09 during trading hours on Tuesday, reaching $3.60. 4,583,620 shares of the company’s stock were exchanged, compared to its average volume of 5,826,769. The firm’s 50 day simple moving average is $3.76 and its 200 day simple moving average is $4.53. DiDi Global has a twelve month low of $3.35 and a twelve month high of $6.99. The firm has a market capitalization of $16.41 billion, a PE ratio of 120.00 and a beta of 0.48.

Analysts Set New Price Targets

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

DiDi Global Company Profile

DiDi Global Inc is a mobility technology company that operates a broad range of app-based transportation and services platforms. The company is best known for its ride-hailing business, which connects riders with drivers through its digital platform, and it has also expanded into other mobility and local services offerings in select markets.

Originally founded in China, DiDi built its business around urban transportation and has since worked to broaden its services beyond core ride-hailing.