• Hesai Group HSAI.OQ reported quarterly adjusted earnings of CNY1.26​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -79 fen. The lone analyst forecast for the quarter was for earnings of CNY1.42 per share.

• Revenue rose 28.3% to CNY719.76 million from a year ago; analysts expected CNY723.60 million.

• The company reported quarterly net income of CNY146.96 million.

• Hesai Group shares had risen by 26.1% this quarter.

FORECAST CHANGES

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Hesai Group is $15.00

This summary was machine generated from LSEG data March 10 at 10:14 p.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)