Lufax Holding Ltd reports results for the quarter ended in December - Earnings Summary

Lufax Holding

21/03/2024 13:31

* Lufax Holding Ltd  LU.N  reported a quarterly adjusted
loss
of 21 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of -20 cents.  The mean expectation of three analysts for the
quarter was for a loss of 2 cents per share. Wall Street
expected results to range from -3 cents to -1 cents per share.
    * Revenue fell 45.9% to $965.76 million from a year ago;
analysts
expected $1.05 billion. 
    * Lufax Holding Ltd's reported EPS for the quarter was a
loss
of 21 cents​.
    * The company reported a quarterly loss of $118.91 million.
    * Lufax Holding Ltd shares had risen by 9.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 189.5% 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 "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 7
"hold" and 3 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Lufax
Holding Ltd
is $4.00 

This summary was machine generated from LSEG data March 21 at
01:30 p.m. UTC. ​All figures in US dollars 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      -0.02          -0.21          Missed
 Sep. 30 2023      0.15           0.04           Missed
 Jun. 30 2023      0.22           0.24           Beat
 Mar. 31 2023      0.09           0.16           Beat