Yahoo Finance Lufax Holding Third Quarter 2022 Earnings: Misses Expectations
Lufax Holding (NYSE:LU) Third Quarter 2022 Results
Key Financial Results
Revenue: CN¥13.2b (down 17% from 3Q 2021).
Net income: CN¥1.33b (down 68% from 3Q 2021).
Profit margin: 10% (down from 26% in 3Q 2021).
EPS: CN¥0.58 (down from CN¥1.76 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lufax Holding Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 51%.
Looking ahead, revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Consumer Finance industry in the US.
Performance of the American Consumer Finance industry.
The company's shares are down 13% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Lufax Holding.
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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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