LexinFintech Holdings Ltd. (NASDAQ:LX) an online consumer finance platform, is expected to report third quarter earnings results, before market open, on Tuesday 24th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.27 per share.
Looking ahead, the full year income are expected at $ 0.67 per share on the revenues of $ 1843.90 million.
Previous Quarter Performance
LexinFintech Holdings Ltd. announced income for the second quarter of $ 0.31 per share, from the revenue of $ 418.68 million. The quarterly earnings fell 40.38 percent while revenues raised 19.11 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.33 per share from $ 363.71 million in revenue. The bottom line results missed street analysts by $ 0.02 or 6.06 percent, at the same time, top line results outshined analysts by $ 54.97 million or 15.11 percent.
Stock Performance
Shares of LexinFintech Holdings Ltd. traded up $ 0.41 or 5.20 percent on Monday, reaching $ 8.30 with volume of 2.10 million shares. LexinFintech Holdings Ltd. has traded high as $ 8.39 and has cracked $ 7.91 on the downward trend
According to the previous trading day, closing price of $ 8.30, representing a 30.63 % increase from the 52 week low of $ 6.04 and a 53.4 % decrease over the 52 week high of $ 16.93.
The company has a market capital of $ 1.50 billion and is part of the Financial Services sector and Credit Services industry.
Conference Call
LexinFintech Holdings Ltd. will be hosting a conference call at 6:00 AM eastern time on 24th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.fenqile.com
LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in the Peoples Republic of China. The company operates Fenqile.com, a retail and online consumer finance platform that offers installment purchase loans, personal installment loans, and other loan products, as well as provides online direct sales with installment payment terms. It also matches customer loans with diversified funding sources, including individual investors on its Juzi Licai online investment platform, third-party commercial banks, consumer finance companies, institutional funding partners in its direct lending programs, investors of its asset-backed securities, and other licensed financial institutions.
