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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).

earnings-and-revenue-growth
earnings-and-revenue-growth

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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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