Lufax Holding Ltd reports results for the quarter ended in September 30 - Earnings Summary

Lufax Holding

21/10/2024 17:19

* Lufax Holding Ltd  LU.N  reported a quarterly adjusted
loss
of 16 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 4 cents.  The lone analyst forecast for the quarter was
for a loss of one cent per share. 
    * Revenue fell 28.9% to $789.93 million from a year ago;
analysts
expected $846.16 million. 
    * The company reported a quarterly loss of $124.66 million.
    * Lufax Holding Ltd shares had fallen by 9.5% this
quarter and
gained 2.9% so far this year.

FORECAST CHANGES
    * 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 $2.75 
This summary was machine generated from LSEG data October 21 at
04:19 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
 Sep. 30 2024      -0.01          -0.16          Missed
 Jun. 30 2024      0.03           -0.19          Missed
 Dec. 31 2023      -0.02          -0.21          Missed