Fanhua Inc ADR Up 15.43% To $7.33 After Earnings

Fanhua Inc (FANH) beat out earnings estimates for Q2 2023 this morning.

Fanhua Inc ADR earnings per share (EPS) came in at of $0.20. Fanhua Inc ADR's earnings rose 122% year-over-year as the firm reported an EPS of $0.09 in its year-ago quarter. The positive annual growth shows the Financial Services company is performing well amid recent economic conditions.

Fanhua Inc ADR reported Q2 2023 revenue of $156.2 million. The $156.2 million (0%) negative revenue surprise led to 49% growth year-over-year as the firm reported revenue of $105 million in its year-ago quarter. The higher earnings growth compared to revenue points to Fanhua Inc ADR improving its profit margin.

The stock is up 15.43% to $7.33 after the report.

Fanhua Inc ADR's earnings expanded faster than revenues, signaling widening profit margins.

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

Trading in the five days leading up to the report earned Fanhua Inc ADR a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 34. Meanwhile, the average Wall Street analyst rated the stock a Hold.

Fanhua Inc is an independent insurance intermediary company operating in China. The company sells insurance product offerings from various insurance companies through their online platforms Lan Zhanggui, Baowang, and eHuzhu. The company's segments include the insurance agency segment, which mainly consists of providing agency services for distributing life insurance products and P&C insurance products on behalf of insurance companies; and the claims adjusting segment, which consists of providing pre-underwriting survey services, claim adjusting services, disposal of residual value services, loading and unloading supervision services, and consulting services. The insurance agency segment contributes to the majority of the revenue. The company generates all of its revenues from China.