Lexinfintech Holdings Ltd ADR Steady Today At $2.33 After Earnings

Wednesday, August 30, 2023 - Lexinfintech Holdings Ltd ADR (LX) reported upside earnings and revenues today.

Lexinfintech Holdings Ltd ADR's earnings came in at an EPS of $0.28 per share. The firm's earnings are up 87% since reporting $0.15 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.

Revenues were upbeat at $421.4 million. That revenue figure is an increase of 16.99% from the year ago quarter.

The stock is steady today at $2.33 after the report.

Lexinfintech Holdings Ltd ADR's earnings expanded faster than revenues, signaling widening profit margins.

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 Lexinfintech Holdings Ltd ADR a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 53. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

LexinFintech Holdings Ltd is an online consumer finance platform and a technology-driven service provider in China. The group is engaged primarily in online direct sales services and online consumer financial services for its customers in China. It offers online direct sales with installment payment terms and offers installment purchase loans and personal installment loans mainly through its retail and online consumer finance platform www.fenqile.com, and its mobile application to young adults between the age of 18 and 36 in the People's Republic of China. The company also finances the loans with proceeds from partnering peer-to-peer lending platforms, commercial banks, and other financial institutions. Geographically, it derives revenue from China.