DiDi Global (OTCMKTS:DIDIY) Announces Earnings Results, Beats Estimates 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. DiDi Global had a net margin of 0.43% and a return on equity of 7.87%.

DiDi Global Price Performance

OTCMKTS DIDIY traded up $0.09 during trading on Tuesday, hitting $3.60. 4,583,620 shares of the company’s stock traded hands, compared to its average volume of 5,826,769. The stock has a fifty day moving average of $3.76 and a two-hundred day moving average of $4.53. DiDi Global has a 12-month low of $3.35 and a 12-month high of $6.99. The firm has a market cap of $16.41 billion, a P/E ratio of 120.00 and a beta of 0.48.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of DiDi Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. One research 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 MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $8.60.

About DiDi Global

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.