FUTU Earnings Prediction
The chart below shows how FUTU performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FUTU sees a -1.53% change in stock price 10 days leading up to the earnings, and a -1.01% change 10 days following the report. On the earnings day itself, the stock moves by -3.48%. This data can give you a slight idea of what to expect for the next quarter's release.
FUTU Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.22B
28.90%
9.98%
Gross Margin
--
--
--
Operating Margin
53.69%
1.74%
6.36%
Net Margin
40.91%
-6.21%
-0.80%
EPS
1.18
20.41%
9.26%
No Data Available
FUTU Earnings Analysis
Futu Holdings Limited American Depositary Shares Corporation (FUTU.O) Earnings Conference Call
Positive
Client Growth Surge: We wrapped up the quarter with 154,000 net new paying clients, up 138% year-over-year and flat quarter-over-quarter.
Client Growth Achievement: Our total paying clients reached approximately 2.2 million, up 33% year-over-year.
Client Acquisition Growth: Three quarters into 2024, we have acquired 487,000 paying clients, and we expect fully year growth to comfortably exceed our guidance of 550,000, thanks to resilient growth in established markets and strong momentum in newer ones.
Client Assets Growth: Total client assets grew 48% year-over-year and 20% quarter-over-quarter to HK$693 billion.
Revenue Increase of 30%: Total revenue was HK$3.4 billion, up 30% from HK$2.7 billion in the third quarter of 2023.
Negative
Revenue Increase 30%: Total revenue was HK$3.4 billion, up 30% from HK$2.7 billion in the third quarter of 2023.
Brokerage Income Surge: Brokerage commission and handling charge income was HK$1.5 billion, up 52% year-over-year and 11% Q-over-Q.
Trading Volume Surge: The increase was mainly driven by a 75% year-over-year and 70% Q-over-Q growth in total trading volume, partially offset by the decline in blended commission rate as our client gravitate towards higher-priced stocks.
Commission Rate Decrease: Our blended commission rate went down from 8.5 basis point to 8 basis point Q-over-Q.
Net Income Margin Decline: Net income margin declined to 38.4% in the third quarter as compared to 41.2% in the same quarter last year.
FUTU FAQs
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FUTU Earning Call Sentiment
Futu Holdings Limited (FUTU) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FUTU.O
-1.6%Positive
The earnings call reveals strong financial performance with a 30% revenue increase and significant growth in trading volume. Positive product developments, like the crypto launch, and strategic moves, such as the special dividend, enhance shareholder value. Despite a slight decline in gross margin, the overall sentiment remains robust with optimistic guidance and a special cash dividend. The Q&A session highlights positive analyst sentiment and no significant risks or uncertainties. These factors, combined with the company's market position and product expansion, suggest a strong positive stock price movement.
