Meituan (MPNGF) to Release Earnings on Friday

Meituan (OTCMKTS:MPNGF) is projected to post its results before the market opens on Friday, March 20th. Analysts expect Meituan to post earnings of ($0.3261) per share and revenue of $13.0512 billion for the quarter.

Meituan Stock Performance

MPNGF opened at $9.91 on Friday. The company’s 50-day simple moving average is $11.56 and its two-hundred day simple moving average is $12.49. Meituan has a 52-week low of $9.30 and a 52-week high of $23.89.

Wall Street Analysts Forecast Growth

Separately, Benchmark cut shares of Meituan to a “hold” rating in a report on Monday, December 1st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $10.00.

Meituan Company Profile

Meituan is a leading Chinese technology-driven platform that facilitates on-demand delivery and local services through its mobile application and website. The company offers a wide range of services, including food delivery, in-store dining, grocery and fresh produce delivery, ride sharing, and hotel and travel bookings. Leveraging an extensive network of local merchants and service providers, Meituan connects millions of users with convenient, real-time access to everyday services and experiences across urban and suburban communities in Mainland China.

Founded in June 2010 by serial internet entrepreneur Wang Xing, Meituan originally launched as a group-buying platform before expanding its offerings to encompass multiple verticals in the online-to-offline (O2O) economy.