CNFinance Holdings Ltd reports results for the quarter ended in December - Earnings Summary

CNFinance Holdings

28/03/2024 13:31

* CNFinance Holdings Ltd  CNF.N  reported quarterly adjusted
earnings of 26 fen​​ per share for the quarter ended in
December.  The lone analyst forecast for the quarter was
for earnings of 4 fen per share. 
    * Revenue fell 2.1% to CNY445.16 million from a year ago;
analysts
expected CNY472.89 million. 
    * CNFinance Holdings Ltd's reported EPS for the quarter was
26
fen​.
    * The company reported quarterly net income of CNY18.5
million.
    * CNFinance Holdings Ltd shares had fallen by 5.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the consumer
lending
peer group is also "buy"

Wall Street's median 12-month price target for CNFinance
Holdings Ltd is $5.50 
This summary was machine generated from LSEG data March 28 at
01:31 p.m. UTC. ​All figures in Chinese yuan renminbi unless
otherwise stated. (For questions concerning the data in this
report, contact Estimates.Support@lseg.com. For any other
questions or feedback, contact
RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.04           0.26           Beat
 Sep. 30 2023      0.06           0.71           Beat
 Jun. 30 2023      0.04           0.57           Beat
 Mar. 31 2023      0.03           0.65           Beat