Qifu Technology Inc reports results for the quarter ended December 31 - Earnings Summary

Reuters
17 Mar
Qifu Technology Inc reports results for the quarter ended December 31 - Earnings Summary
  • Qifu Technology Inc QFIN.OQ reported quarterly adjusted earnings of CNY13.66​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of CNY7.15. The mean expectation of two analysts for the quarter was for earnings of CNY12.24 per share. Wall Street expected results to range from CNY12.22 to CNY12.25 per share.

  • Revenue fell 0.3% to CNY4.48 billion from a year ago; analysts expected CNY4.25 billion.

  • Qifu Technology Inc's reported EPS for the quarter was CNY13.24​.

  • The company reported quarterly net income of CNY1.92 billion.

  • Qifu Technology Inc shares had risen by 12.5% this quarter.

FORECAST CHANGES

  • The mean earnings estimate of analysts had risen by about 32.4% in the last three months.​

  • 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 12 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

  • The average consensus recommendation for the consumer lending peer group is also "buy"

Wall Street's median 12-month price target for Qifu Technology Inc is $44.00

This summary was machine generated from LSEG data March 17 at 01:31 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)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Dec. 31 2024

12.24

13.66

Beat

Sep. 30 2024

10.01

12.35

Beat

Jun. 30 2024

7.17

9.16

Beat

Mar. 31 2024

7.16

7.58

Beat

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