Investors interested in Technology Services stocks are likely familiar with Qifu Technology, Inc. (QFIN) and Vontier Corporation (VNT) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision tre ...

Qifu Technology, Inc. (QFIN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, QFIN broke through the 20-day moving average, which suggests a short-term bullish trend.The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals ...

Investors interested in Technology Services stocks are likely familiar with Qifu Technology, Inc. (QFIN) and Climb Global Solutions (CLMB) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, wh ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Qifu Technology, Inc. (QFIN) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a ...

The business services sector is starting to stand out among the Zacks Rank #1 (Strong Buy) list with 19 stocks in the space receiving strong buy ratings.Several of these highly ranked business services sector stocks hail from the Zacks Technology Services Industry which is in the top 30% of approximately 250 Zacks industries. Furthermore, now appears to be an ideal time to invest in two of these technology services companies after launching IPOs in recent years.Sofi Technologies (SOFI) Trading under $10, So ...

Investors with an interest in Technology Services stocks have likely encountered both Qifu Technology, Inc. (QFIN) and Climb Global Solutions (CLMB) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...

Investment Rating - The report maintains a "Buy" rating for the company, QFIN US, with a target price raised from $25.8 to $27.5, indicating a potential upside of 30.3% from the current price of $21.11 [1][2][10]. Core Insights - The company reported strong earnings growth, with a 6.3% year-over-year increase in net revenue for Q2 2024, driven primarily by on-balance sheet loans and advisory services. Non-GAAP net profit increased by 23.3% year-over-year, exceeding market expectations by 25% due to a decrease in provisioning costs and lower marketing and management expenses [2][6]. - The company expects Q3 Non-GAAP net profit to be between 1.55 billion and 1.65 billion RMB, reflecting a growth rate of 30-40% [2]. - The company has seen a significant improvement in its net take rate, which rose to 4.4% in Q2, with expectations for further increases in Q3 due to declining funding and risk costs [2][6]. Summary by Sections Financial Performance - Q2 2024 net income was 4.281 billion RMB, with a year-over-year growth of 3.3% [6]. - The company achieved a net profit of 1.138 billion RMB in Q2 2024, marking a 15.1% increase year-over-year [6]. - The average internal rate of return (IRR) on facilitated loans remained stable at 21.6% [2]. Loan Facilitation and Asset Quality - The facilitated loan volume decreased by 23% year-over-year in Q2 2024, with a light asset model accounting for 64.9% of the total [2][6]. - The 90-day overdue rate slightly increased to 3.4%, while the collection rate improved, indicating a stabilization in credit demand and ongoing risk management improvements [2][6]. Future Projections - The company anticipates a rebound in facilitated loan growth in the second half of the year, supported by improved credit demand and risk indicators [2]. - Revenue projections for 2024 are set at 17.191 billion RMB, with a year-over-year growth of 5.5% [5][7]. - The forecasted net profit for 2024 is 5.246 billion RMB, reflecting a growth rate of 22.4% [5][7].

ab 15 August 2024 Global Research and Evidence Lab First Read Qifu Technology A clean beat underpinned by robust asset quality Q: How did the results compare vs expectations? QFIN reported Q224 non-GAAP net income of Rmb1,417m, +17% QoQ and beat company guidance by 13%. Despite muted top-line growth (flattish QoQ), operating profit showed much stronger momentum (+46% QoQ), primarily driven by a sizable write-back of past prudent provisions (Rmb480m) after asset quality showed continued improvement YTD. With ...