Finvolution Group ADR Down 11.19% To $4.57 After Earnings

Tuesday, November 21, 2023 - Finvolution Group ADR (FINV) reported upside earnings and revenues today.

The company reported an EPS of $0.30. The firm reported an EPS of $0.30 in the year-ago quarter. The neutral in Finvolution Group ADR's annual growth rate represents how the business is performing neutrally amid recent economic conditions.

Finvolution Group ADR reported Q3 2023 revenue of $438.3 million. The $438.3 million (0%) negative revenue surprise led to 5% growth year-over-year as the firm reported revenue of $417.7 million in its year-ago quarter. The lower earnings growth compared to revenue points to Finvolution Group ADR not being able to improve its profit margin.

The stock is down 11.19% to $4.57 after the report.



The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

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

Finvolution Group ADR has performed a little above average during the past few months. Before the report, Finvolution Group ADR received a Long-Term Technical Rank by InvestorsObserver of 68, putting it in the top half of stocks. The firm set a 52-week high on August 8, 2023 at $6.05 and set a 52-week low on March 16, 2023 at $3.55.

FinVolution Group is a provider of online consumer finance in China. It offers various loan products, making financial services available to borrowers anytime, anywhere; designs a loan transaction process, and offers Tailored risk-based pricing. It offers short-term loans to borrowers to meet immediate credit needs while allowing them to gradually establish their credit history through activities on the company's platform. The company provides investors with an opportunity to invest in emerging asset class-consumer loans through a variety of investment options. It generates revenues from fees charged to borrowers.