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

Lufax Holding

22/08/2024 24:59

* Lufax Holding Ltd  LU.N  reported a quarterly adjusted
loss
of 19 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of 24 cents.  The lone analyst forecast for the quarter was
for earnings of 3 cents per share. 
    * Revenue fell 35.7% to $822.35 million from a year ago;
analysts
expected $828.70 million. 
    * The company reported a quarterly loss of $100.45 million.
    * Lufax Holding Ltd shares had risen by 12.2% this
quarter and
lost 13.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 46.6%
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 5 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the corporate
financial
services peer group is also "buy"

Wall Street's median 12-month price target for Lufax Holding Ltd
is $4.80 
This summary was machine generated from LSEG data August 21 at
11:59 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
 Jun. 30 2024      0.03           -0.19          Missed
 Dec. 31 2023      -0.02          -0.21          Missed
 Sep. 30 2023      0.15           0.04           Missed