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Lufax Holding’s Q3 2022 Earnings: Defying Expectations

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Lufax Holding (NYSE:LU) Third Quarter 2022 Results

main financial results

  • Revenue: CN¥13.2 billion (down 17% from Q3 2021).

  • Net Income: CN¥1.33 billion (down 68% from Q3 2021).

  • Profit margin: 10% (down from 26% in 3Q 2021).

  • EPS: CN¥0.58 (down from CN¥1.76 in 3Q 2021).

profit and sales growth

All figures in the chart above are for the last 12 months (TTM) period

Lufax Holding Turnover and profit exceeded expectations

Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 51%.

Looking ahead, revenue is expected to grow at an average annual rate of 8.0% over the next 3 years, compared to a 7.0% growth forecast for the US consumer finance sector.

Display of US consumer finance sector.

Shares of the company are down 13% from a week ago.

risk analysis

should learn about 3 warning signs We’ve been spotted with Lufax Holding.

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This Simply Wall St article is general in nature. We only comment based on historical data and analyst forecasts using an unbiased methodology and our articles are not intended to provide financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or your financial situation. We strive to provide you with long-term focused analytics driven by fundamental data. Please note that our analysis may not take into account the latest price sensitive company announcements or quality material. Simply Wall Street has no position in any of the listed stocks.

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