Lufax Holding's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Lufax Holding (NYSE:LU) is scheduled to release its quarterly earnings report on March 21, 2024, with an estimated EPS of $-0.02. Historical data shows a significant impact on share price following earnings announcements, especially when the actual EPS deviates from estimates. Last quarter, LU missed its EPS estimate by $0.12, leading to a 19.16% drop in its share price. Over the past year, LU's shares have declined by 56.22%, indicating potential investor concern ahead of the upcoming earnings report.
March 20, 2024 | 2:01 pm
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NEGATIVE IMPACT
Lufax Holding is expected to report an EPS of $-0.02 for the upcoming quarter. Historical performance shows significant price volatility post-earnings, with a notable 19.16% drop after last quarter's miss. The stock has been on a downward trend, losing 56.22% over the past year.
Given Lufax Holding's history of significant share price movements post-earnings, especially following misses against EPS estimates, and the overall negative trend in the stock's performance over the past year, it's likely that the upcoming earnings report could lead to further downside if the company fails to meet or exceed the current EPS estimate. The historical data suggests that investor reactions to earnings reports are strong, making this an important event for the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100