Jiayin Group Inc ADR Steady Today At $2.80 After Earnings Beat

Thursday, August 18, 2022 - Jiayin Group Inc ADR (JFIN) reported upside earnings and revenues today.

Jiayin Group Inc ADR's earnings came in at an EPS of $0.72 per share, 112.00% higher than estimates for an EPS of $0.34 per share. The firm's earnings are up 700% since reporting $0.09 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Analyst projections for Jiayin Group Inc ADR revenue came in at a consensus of $75.8 million. Second-Quarter revenues surpassed estimates for $121.2 million by $45.3 million (60%). The company achieved 59% growth year-over-year compared to the firm's revenue of $76.2 million from the year-ago quarter. The higher earnings growth relative to revenue signals Jiayin Group Inc ADR has improved its profit margin.

The stock is steady today at $2.80 after the report.

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

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Jiayin Group Inc ADR has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 90, putting Jiayin Group Inc ADR in the top 25% of stocks. The firm set a 52-week low on May 11, 2022 at $1.57 and set a 52-week high on August 25, 2021 at $5.45.

Jiayin Group Inc is a fintech platform in China committed to facilitating effective, transparent, secure and fast connections between underserved individual borrowers and financial institutions funding partners. The company focuses on facilitating mid-to-long-term consumer loans to generate returns and capture the financing needs of quality borrowers. The borrowers are typically creditworthy individuals with stable salary income and/or credit history but underserved by traditional financial institutions. The company generates a substantial majority of its revenues from service fees. As an online finance platform, the company do not use its own capital to invest in loans facilitated through its platform in Mainland China.