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Qifu Technology, Inc. (QFIN) Stock Moves -0.45%: What You Should Know
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The latest trading session saw Qifu Technology, Inc. (QFIN - Free Report) ending at $19.90, denoting a -0.45% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 0.95%. At the same time, the Dow lost 1.09%, and the tech-heavy Nasdaq lost 0.84%.
Shares of the company have appreciated by 22.64% over the course of the past month, outperforming the Business Services sector's loss of 0.45% and the S&P 500's gain of 1.78%.
The investment community will be closely monitoring the performance of Qifu Technology, Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.08, marking a 31.71% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $598.92 million, up 14.28% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.21 per share and a revenue of $2.3 billion, signifying shifts of +14.4% and +0.64%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Qifu Technology, Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Qifu Technology, Inc. is currently a Zacks Rank #1 (Strong Buy).
From a valuation perspective, Qifu Technology, Inc. is currently exchanging hands at a Forward P/E ratio of 4.75. This denotes a discount relative to the industry's average Forward P/E of 24.6.
We can additionally observe that QFIN currently boasts a PEG ratio of 0.48. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Technology Services industry currently had an average PEG ratio of 1.7 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 95, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Qifu Technology, Inc. (QFIN) Stock Moves -0.45%: What You Should Know
The latest trading session saw Qifu Technology, Inc. (QFIN - Free Report) ending at $19.90, denoting a -0.45% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 0.95%. At the same time, the Dow lost 1.09%, and the tech-heavy Nasdaq lost 0.84%.
Shares of the company have appreciated by 22.64% over the course of the past month, outperforming the Business Services sector's loss of 0.45% and the S&P 500's gain of 1.78%.
The investment community will be closely monitoring the performance of Qifu Technology, Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.08, marking a 31.71% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $598.92 million, up 14.28% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.21 per share and a revenue of $2.3 billion, signifying shifts of +14.4% and +0.64%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Qifu Technology, Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Qifu Technology, Inc. is currently a Zacks Rank #1 (Strong Buy).
From a valuation perspective, Qifu Technology, Inc. is currently exchanging hands at a Forward P/E ratio of 4.75. This denotes a discount relative to the industry's average Forward P/E of 24.6.
We can additionally observe that QFIN currently boasts a PEG ratio of 0.48. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Technology Services industry currently had an average PEG ratio of 1.7 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 95, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.