Streetbeat News

WDH

Waterdrop Inc.

Industry

Insurance - Diversified

Waterdrop Inc., through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services. It also operates a medical crowdfunding platform. The company was founded in 2016 and is headquartered in Beijing, the People's Republic of China.

Open

1.12

Mkt cap

418M

Volume

73K

High

1.15

P/E Ratio

11.40

52-wk high

1.53

Low

1.10

Div yield

0.01

52-wk low

0.94

Zhongmiao Innovation Technology, backed by Haier Group, has filed for a Hong Kong IPO, showcasing strong profits with a focus on corporate insurance and a light cost structure. Despite a slowing economy, Zhongmiao's revenue grew by 17% to $24 million in 2023, with a gross profit margin over 40%. Its cost efficiency contrasts sharply with rivals Fanhua and Waterdrop, which have higher operating expenses and, in Waterdrop's case, an operating loss. Zhongmiao's corporate insurance sales, making up 41% of revenue with a 66% gross profit margin, significantly contribute to its profitability. However, the company faces risks from heavy reliance on a few underwriters and potential regulatory crackdowns.

Portfolio Pulse from The Bamboo Works

April 10, 2024 | 3:06 pm

GameStop Corp. (NYSE:GME) reported Q4 earnings with net sales of $1.794 billion, missing the consensus estimate of $2.05 billion, and an EPS of 22 cents, below the expected 29 cents, causing a 14.9% drop in pre-market trading. Other stocks also moved lower in pre-market trading due to various reasons including poor financial results and special dividend announcements.

Portfolio Pulse from Avi Kapoor

March 27, 2024 | 9:39 am

Waterdrop has announced a special cash dividend of $0.04 per ADS or $0.004 per ordinary share for 2023, payable in April-May 2024 to shareholders of record as of April 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:06 am

Waterdrop (NYSE:WDH) reported Q4 adjusted EPS of $0.03, surpassing the $0.01 estimate, but its sales of $92.87M fell short of the $94.55M estimate. This represents a 50% decrease in EPS and a 5.73% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:04 am

Numerous companies are scheduled to report their earnings on March 26, 2024, with a mix of projected profits and losses across various sectors. Notable mentions include bluebird bio with an expected quarterly loss, Elbit Systems projecting earnings, and GameStop anticipated to report earnings. Other companies like McCormick & Co and TD Synnex are also expected to report significant earnings, while firms like AEye and Ouster are projected to report losses.