LexinFintech Holdings (NASDAQ:LX) Third Quarter 2022 Results
Key Financial Results
Revenue: CN¥2.69b (down 9.4% from 3Q 2021).
Net income: CN¥275.5m (down 53% from 3Q 2021).
Profit margin: 10% (down from 20% in 3Q 2021). The decrease in margin was primarily driven by lower revenue.
EPS: CN¥1.64 (down from CN¥3.15 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
LexinFintech Holdings Earnings Insights
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Consumer Finance industry in the US.
The company's shares are up 16% from a week ago.
You should learn about the 3 warning signs we've spotted with LexinFintech Holdings.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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