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home / news releases / meituan q1 earnings beat overshadowed by cautious or

MPNGY - Meituan: Q1 Earnings Beat Overshadowed By Cautious Order Volume Guidance

Meituan Dianping ADR Repstg 2 Cl B Shs

2024-06-11 04:39:44 ET

Summary

  • Meituan's revenue and normalized net income rose by +25% YoY and +36% YoY, respectively in Q1 2024, which exceeded expectations.
  • But the company's cautious order volume guidance indicates that its top line growth could potentially slow in the quarters ahead.
  • My evaluation of Meituan's performance, prospects, and valuation metrics suggests that a Hold rating for the stock is fair.

Elevator Pitch

My investment rating for Meituan stock ( MPNGF ) ( MPNGY ) [3690:HK] is a Hold. With my earlier write-up published on January 30, 2024, I touched on the company's share repurchases and the preview of its Q4 2023 financial results....

For further details see:

Meituan: Q1 Earnings Beat Overshadowed By Cautious Order Volume Guidance
Stock Information
Company Name: Meituan Dianping ADR Repstg 2 Cl B Shs
Stock Symbol: MPNGY
Market: OTC
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