InvestorsObserver
×
News Home

CNFinance Holdings Limited American Depositary Shares each representing twenty (20) Down 0.49% To $2.05 After Earnings

Tuesday, November 22, 2022 11:24 AM | InvestorsObserver Analysts
CNFinance Holdings Limited American Depositary Shares each representing twenty (20) Down 0.49% To $2.05 After Earnings

CNFinance Holdings Ltd - ADR (CNF) reported better than expected earnings this morning for Q3 2022.

The company reported an EPS of $0.09. The firm reported an EPS of $0.04 in the year-ago quarter. The increase in CNFinance Holdings Limited American Depositary Shares each representing twenty (20)'s annual growth rate represents how the business is performing well amid recent economic conditions.

Revenues were downbeat at $58.6 million. That is an increase of 151.40% in revenues from the year-ago report and is 1.61% lower than consensus estimates set at $59.6 million.

The stock is down 0.49% to $2.05 after the report.

CNFinance Holdings Limited American Depositary Shares each representing twenty (20)'s revenue expanded at a faster pace than earnings, signaling a decline in profit margins.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

Trading in the five days leading up to the report earned CNFinance Holdings Limited American Depositary Shares each representing twenty (20) a Bullish Sentiment Rank from InvestorsObserver.

CNFinance Holdings Limited American Depositary Shares each representing twenty (20) has performed a little below average during the past few months. Before the report, CNFinance Holdings Limited American Depositary Shares each representing twenty (20) received a Long-Term Technical Rank by InvestorsObserver of 33, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $1.25 on November 10, 2022 and set a 52-week high on December 10, 2021 at $5.44.

CNFinance Holdings Ltd is an equity loan service provider. It focuses on the development of small and micro-enterprises. The company generates its revenue in the form of interest and financing service fees on loans and interest on deposits with banks. Its primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China. Geographically, it has an operation in PRC.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App