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What's in Store for 360 DigiTech (QFIN) in Q1 Earnings?
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360 DigiTech, Inc. (QFIN - Free Report) is scheduled to release first-quarter 2021 results on May 27, after market close.
Let’s check out the expectations in detail.
Q1 Expectations
The Zacks Consensus Estimate for 360 DigiTech’s first-quarter 2021 earnings is pegged at 78 cents per share, indicating a significant year-over-year growth of more than 100%.The bottom line is expected to have benefited from improvement in operational efficiency and solid cash flow.
Notably, higher facilitation volume, improvement in asset quality and subsequent write-back of the credit risk provisions should have aided the company’s profit margins. A diversified customer base, backed by strategic implementation of plans, might have acted as another tailwind.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for 360 DigiTech this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
360 DigiTech has an Earnings ESP of 0.00% and a Zacks Rank #3.
360 DigiTech, Inc. Sponsored ADR Price and EPS Surprise
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their respective earnings.
Clean Harbors (CLH - Free Report) has an Earnings ESP of +2.15% and a Zacks Rank #2.
Equifax (EFX - Free Report) has an Earnings ESP of +1.26% and a Zacks Rank #2.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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What's in Store for 360 DigiTech (QFIN) in Q1 Earnings?
360 DigiTech, Inc. (QFIN - Free Report) is scheduled to release first-quarter 2021 results on May 27, after market close.
Let’s check out the expectations in detail.
Q1 Expectations
The Zacks Consensus Estimate for 360 DigiTech’s first-quarter 2021 earnings is pegged at 78 cents per share, indicating a significant year-over-year growth of more than 100%.The bottom line is expected to have benefited from improvement in operational efficiency and solid cash flow.
Notably, higher facilitation volume, improvement in asset quality and subsequent write-back of the credit risk provisions should have aided the company’s profit margins. A diversified customer base, backed by strategic implementation of plans, might have acted as another tailwind.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for 360 DigiTech this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
360 DigiTech has an Earnings ESP of 0.00% and a Zacks Rank #3.
360 DigiTech, Inc. Sponsored ADR Price and EPS Surprise
360 DigiTech, Inc. Sponsored ADR price-eps-surprise | 360 DigiTech, Inc. Sponsored ADR Quote
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on their respective earnings.
Copart (CPRT - Free Report) has an Earnings ESP of +3.05% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Clean Harbors (CLH - Free Report) has an Earnings ESP of +2.15% and a Zacks Rank #2.
Equifax (EFX - Free Report) has an Earnings ESP of +1.26% and a Zacks Rank #2.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>