Qifu Technology's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Qifu Technology (NASDAQ:QFIN) is set to release its quarterly earnings report on 2024-03-12, with analysts estimating an EPS of $0.98. Historical data shows variable price changes post-earnings announcements, with the last quarter seeing an 8.91% increase after beating EPS estimates. Shares have declined 9.33% over the last 52 weeks, indicating potential investor concern ahead of the earnings release.
March 11, 2024 | 2:02 pm
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Qifu Technology is anticipated to report an EPS of $0.98 for the upcoming quarter. Historical performance shows significant stock price movements post-earnings, with a notable 8.91% increase last quarter.
Given Qifu Technology's history of stock price movements post-earnings, especially with the last quarter's 8.91% increase after beating EPS estimates, there's a positive outlook for the short term. However, the overall 9.33% decline over the past year suggests investor caution. The expected EPS of $0.98, if met or exceeded, could positively impact the stock price, considering the historical response to earnings beats.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100