QFIN Earnings Prediction
The chart below shows how QFIN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, QFIN sees a -1.65% change in stock price 10 days leading up to the earnings, and a +5.89% change 10 days following the report. On the earnings day itself, the stock moves by -1.68%. This data can give you a slight idea of what to expect for the next quarter's release.
QFIN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
4.37B
2.08%
5.05%
Gross Margin
--
--
--
Operating Margin
52.38%
61.47%
9.77%
Net Margin
41.16%
54.85%
24.39%
EPS
6.09
75.50%
36.55%
No Data Available
QFIN Earnings Analysis
Qifu Technology, Inc. American Depositary Shares Corporation (QFIN.O) Earnings Conference Call
Positive
Q3 Revenue Comparison: Total net revenue for Q3 was RMB 4.37 billion versus RMB 4.16 billion in Q2 and RMB 4.28 billion a year ago.
Credit-Driven Service Revenue: Revenue from credit-driven service, capital heavy, was RMB 2.9 billion in Q3 compared to RMB 2.91 billion in Q2 and RMB 3.07 billion a year ago.
Non-GAAP Net Income Increase: Non-GAAP net income was RMB 1.83 billion in Q3 compared to RMB 1.41 billion in Q2.
EPS Growth Achievement: In Q3, we achieved 71.5% EPS growth year-over-year.
Share Repurchase Plan Announcement: We have announced a new share repurchase plan of USD 450 million set to start on January 1, 2025.
Negative
Q3 Revenue Comparison: Total net revenue for Q3 was RMB 4.37 billion versus RMB 4.16 billion in Q2 and RMB 4.28 billion a year ago.
Credit-Driven Service Revenue: Revenue from credit-driven service, capital heavy, was RMB 2.9 billion in Q3 compared to RMB 2.91 billion in Q2 and RMB 3.07 billion a year ago.
Loan Decline Impact: The year-on-year decline was mainly due to significant decline in off-balance sheet loans despite strong contribution from on-balance sheet loans and other value-added services.
Funding Cost Decline: Overall funding costs further declined over 30 basis points sequentially and over 150 basis points year-on-year with the help of ample supply of liquidities and additional ABS issuance.
Non-GAAP Net Income Increase: Non-GAAP net income was RMB 1.83 billion in Q3 compared to RMB 1.41 billion in Q2.
QFIN FAQs
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QFIN Earning Call Sentiment
Qifu Technology, Inc. (QFIN) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
QFIN.O
-1.13%Positive
The earnings call summary indicates strong financial performance with a notable increase in non-GAAP net income and improved asset quality. The company has a robust cash position and has executed significant share repurchases, enhancing shareholder value. The Q&A section reveals a positive sentiment from management, with expectations of stable asset quality and strategic share buybacks. Despite some uncertainties in loan volume growth, the overall guidance and shareholder return plans are optimistic. Given the company's market cap, the stock price is likely to experience a positive movement of 2% to 8%.
