FINV Earnings Prediction
The chart below shows how FINV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FINV sees a -1.77% change in stock price 10 days leading up to the earnings, and a -4.87% change 10 days following the report. On the earnings day itself, the stock moves by -0.91%. This data can give you a slight idea of what to expect for the next quarter's release.
FINV Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.67B
-0.17%
3.09%
Gross Margin
--
--
--
Operating Margin
63.00%
2.07%
-6.61%
Net Margin
23.35%
8.81%
9.88%
EPS
0.48
17.07%
17.07%
No Data Available
FINV Earnings Analysis
FinVolution Group American depositary shares, each representing five Class A ordinary shares Corporation (FINV.N) Earnings Conference Call
Positive
Quarterly Revenue Increase: FinVolution achieved a net revenue of RMB 3.3 billion for the quarter, marking a 3% year-over-year increase and a 3% sequential increase.
Net Income Increase: Net income was RMB 624 million, representing a 9% year-over-year increase and a 13% sequential increase.
Transaction Volume Increase: The company reported a transaction volume in China reaching RMB 142 billion, up by over 4% year-over-year.
Unique Borrower Growth: The number of unique borrowers grew from 0.7 million in 2020 to 2.1 million for the first nine months of 2024, indicating strong customer growth.
New Borrower Surge: The total number of new borrowers in international markets reached 671,000, up 60% year-over-year and 43% quarter-over-quarter.
Negative
Net Income Increase: The company reported a net income of RMB 624 million, which represents a 9% increase year-over-year, but this was below market expectations.
Rising Sales and Marketing Costs: Sales and marketing expenses rose by 6% year-over-year to RMB 516 million, indicating increased costs that could impact profitability.
Revenue Growth Concerns: Despite a 3% increase in net revenue to RMB 3.3 billion, this growth was slower than anticipated, raising concerns about future revenue generation.
Loan Balance Stagnation: The total outstanding loan balance reached RMB 68.1 billion, up only 1.8% year-over-year, suggesting stagnation in loan growth.
Customer Acquisition Challenges: The company faced challenges in customer acquisition, with a noted decline in new borrowers in the international market compared to previous quarters.
FINV FAQs
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FINV Earning Call Sentiment
FinVolution Group (FINV) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FINV.N
-1.07%Positive
The earnings call summary shows strong financial performance with increased net income and transaction volumes. Despite some regulatory and competitive challenges, the company is optimistic about profitability in international markets. The significant share repurchase and dividend distribution indicate a focus on shareholder returns. The Q&A section highlights improved loan volume and potential cost reductions. The company's market cap suggests a moderate reaction, leading to a positive stock price prediction of 2% to 8% over the next two weeks.
