Full Truck Alliance CoNYSE: YMM

The consensus price target hints at a 39.6% upside potential for Full Truck Alliance (YMM). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Full Truck Alliance Co. Ltd.'s revenue and net income attributable to shareholders rose significantly by +34% YoY and +33% YoY, respectively in Q2 2024. The company sees its order volume increasing by +20% or more for the full year, which will be on par with its actual Q2 2024 order volume expansion of +22%. Full Truck Alliance's solid second quarter results and positive full-year prospects support a higher valuation multiple and a Buy rating.

Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) came out with quarterly earnings of $0.13 per share, in line with the Zacks Consensus Estimate.

GUIYANG, China, Aug. 21, 2024 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, today announced its unaudited financial results for the second quarter ended June 30, 2024.

An earnings call has been scheduled for May 21, 2024 at 8:00 A.M. U.S. ET by Full Truck Alliance Co. Ltd. in GUIYANG, China.

The consensus price target hints at a 62.8% upside potential for Full Truck Alliance Co. Ltd. Sponsored ADR (YMM).

Full Truck Alliance Co. Ltd. (NYSE:YMM ) Q4 2023 Results Conference Call March 7, 2024 7:00 AM ET Company Participants Mao Mao - Head of Investor Relations Hui Zhang - Founder, Chairman & Chief Executive Officer Simon Cai - Chief Financial Officer Conference Call Participants Ronald Keung - Goldman Sachs Eddy Wang - Morgan Stanley Charlie Chen - China Renaissance Jiulu Li - CICC Operator Ladies and gentlemen, good day, and welcome to Full Truck Alliance's Fourth Quarter and Fiscal Year 2023 Earnings Conference Call.

Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.09 per share.

Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.