Home / Business and Economy / QFIN Earnings Down 50%, Stock Sees Major Drop
QFIN Earnings Down 50%, Stock Sees Major Drop
26 Aug
Summary
- Quarterly earnings per share were $0.48, missing estimates.
- Revenue of $525.65 million surpassed estimates slightly.
- Shares have fallen approximately 43% year-to-date.
Qfin Holdings Inc. - Sponsored ADR (QFIN) recently announced its quarterly earnings, revealing a significant miss against analyst expectations. The company reported earnings of $0.48 per share, falling short of the Zacks Consensus Estimate of $0.96 per share. This represents a substantial 50% negative earnings surprise for the quarter ending June 2026.
In the same quarter, Qfin Holdings posted revenues of $525.65 million. This figure, however, managed to surpass the Zacks Consensus Estimate by 1.09%. Despite this revenue beat, the company's stock performance has been notably weak.
Year-to-date, QFIN shares have seen a considerable decline, losing approximately 43% of their value. This performance starkly contrasts with the S&P 500's gain of 11.8% over the same period. Investors are keenly awaiting management's insights on the earnings call to gauge future prospects.
Currently, Qfin Holdings Inc. - Sponsored ADR holds a Zacks Rank #3 (Hold), indicating an expectation for in-line market performance. This rating reflects the mixed nature of recent earnings estimate revisions.
