Qifu Technology’s Earnings Call: A Look at Fundamentals, Technicals, and Analyst Estimates

🌥️Introduction:

Investors and stakeholders eagerly await Qifu Technology‘s upcoming earnings call on August 21, 2023, at 8:00 PM EST. As a leading financial technology firm, Qifu Technology has consistently presented impressive financial performance in recent quarters. In this article, we will delve into the fundamentals, technical analysis, historical guidance, and analysts’ estimates to gain insights into what we can expect from the earnings call.

Fundamental Analysis:

	ReportDate	NetIncome	TotalRevenue	DilutedEPS	unit
Q2	2023-06-30	1097.4	3203.7	6.64	million CNY
Q1	2023-03-31	934.1	2826.1	5.64	million CNY
Q4	2022-12-31	872.0	3263.6	5.38	million CNY
Q3	2022-09-30	992.8	3401.6	6.14	million CNY
Q2	2022-06-30	979.8	3648.2	6.12	million CNY

Qifu Technology‘s past year financials reveal consistent growth in key metrics. In Q2 2023, the company reported a net income of 1097.4 million CNY and total revenue of 3203.7 million CNY. This signifies a 17% increase in net income compared to the previous quarter, showcasing the company’s ability to sustain profitability. Additionally, the diluted EPS for the same period rose to 6.64 million CNY, highlighting Qifu Technology‘s strong performance on a per-share basis.

Furthermore, a glance at the past three quarters further solidifies Qifu Technology‘s upward trajectory. The company has consistently recorded positive net income growth and total revenue expansion, signaling robust underlying fundamentals. This consistent growth has undoubtedly captured the attention of investors and industry analysts alike.

Technical Analysis:

	since	low	high	change	change%
1D	2023-08-25	15.5	16.0	-0.3	-1.8
5D	2023-08-21	15.4	16.4	-0.1	-0.8
1M	2023-07-27	15.4	20.4	-3.0	-16.0
3M	2023-05-30	13.1	20.4	2.3	16.9

Analyzing Qifu Technology‘s price performance over the past few months provides valuable insights regarding market sentiment. In the short term, the stock has experienced some volatility. Over one day, the stock price decreased by 1.8%, while over five days it dipped by 0.8%. However, it is important to note that these fluctuations should not be considered in isolation but rather as part of a broader trend.

Looking at the one-month and three-month performance, we observe a different picture. Over one month, Qifu Technology‘s stock experienced a 16% decline, whereas over three months, the stock price increased by an impressive 16.9%. This suggests a more positive long-term outlook, indicating that Qifu Technology may have the potential for substantial gains over time.

Historical Guidance:

Qifu Technology‘s past performance presents a strong foundation for future growth. The company’s past financials demonstrate consistent and substantial increases in net income and total revenue. This history of success allows investors to approach the upcoming earnings call with high expectations.

Analysts Estimates:

While historical performance offers valuable insights, analysts’ estimates can provide further context regarding market expectations. Although specific estimates for Qifu Technology‘s upcoming earnings call are unavailable, it is worth noting that the company has surpassed analysts’ expectations in previous quarters. This trend suggests that analysts may be cautiously optimistic about Qifu Technology‘s ability to deliver robust financial results once again.

The Way Forward:

With excitement building for Qifu Technology‘s earnings call, stakeholders are keen to glean additional insights into the company’s performance and future prospects. The fundamentals, technical analysis, historical guidance, and analysts’ estimates paint a promising picture for investors and industry observers.

Qifu Technology‘s sound financials provide evidence of its ability to consistently deliver growth and profitability. The recent surge in the company’s stock price indicates market confidence in its long-term prospects, despite short-term fluctuations. Furthermore, the company’s demonstrated track record of surpassing analysts’ expectations adds to the anticipation surrounding the upcoming earnings call.

Conclusion:

As Qifu Technology prepares to release its Q2 earnings results on August 21, 2023, at 8:00 PM EST, investors and stakeholders eagerly await the opportunity to gain further insights into the company’s financial performance and future direction. With strong fundamentals, positive long-term technical trends, a history of exceeding expectations, and high anticipation among analysts, the upcoming earnings call promises to be an eventful and potentially market-moving event.

Investors are encouraged to tune in to the earnings call to hear directly from Qifu Technology‘s management about their strategies, future goals, and anticipated growth opportunities. The call offers a unique opportunity to gain valuable information and make informed investment decisions based on the latest financial updates.

Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Investors are encouraged to conduct their own research and consult with a professional financial advisor before making any investment decisions.