DiDi Global (OTCMKTS:DIDIY) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

DiDi Global (OTCMKTS:DIDIY) announced its quarterly earnings results on Tuesday. The ride-hailing company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates 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 Price Performance

Shares of OTCMKTS DIDIY opened at $3.83 on Wednesday. DiDi Global has a 1 year low of $3.35 and a 1 year high of $6.99. The company’s 50-day moving average is $3.76 and its 200 day moving average is $4.53. The stock has a market capitalization of $17.46 billion, a P/E ratio of 127.64 and a beta of 0.48.

Analyst Upgrades and Downgrades

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

About DiDi Global

DiDi Global Inc is a mobility technology company that operates a ride-hailing and transportation platform serving users in China and a number of international markets. Through its app-based ecosystem, the company connects riders with drivers and provides a range of services that include ride hailing, taxi hailing, and other mobility-related offerings.

In addition to its core transportation marketplace, DiDi has expanded into adjacent services such as food delivery, freight, and other local commerce and logistics offerings in certain markets.