SHANGHAI, China, May 19, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ:QFIN, HKEx: 3660))) ("Qifu Technology" or the "Company"), a leading Credit-Tech platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Business Highlights As of March 31, 2024, our platform has connected 159 financial institutional partners and 241.4 million consumers*1 with potential credit needs, cumulatively, an increase of 12.5% from 214.5 million a y ...

SHANGHAI, China, May 19, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Business Highlights As of March 31, 2024, our platform has connected 159 financial institutional partners and 241.4 million consumers*1 with potential credit needs, cumulatively, an increase of 12.5% from 214.5 million a ye ...

Qifu Technology, Inc. (QFIN) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following year ...

Core Viewpoint - Qifu Technology, Inc. (QFIN) is set to report its first-quarter 2024 results on May 20, with expectations of revenue growth driven by strong consumer credit demand and loan facilitation [1][2]. Group 1: Earnings Expectations - The Zacks Consensus Estimate for QFIN's revenues is $598.9 million, reflecting a 14.3% increase from the same quarter last year [2]. - The consensus estimate for earnings per share is $1.08, indicating a year-over-year growth of 31.7% [2]. Group 2: Earnings Surprise History - QFIN has a mixed earnings surprise history, with two misses, one beat, and one match in the last four quarters, resulting in an average negative surprise of 5.4% [1]. Group 3: Earnings Prediction Model - The Zacks model does not predict a definitive earnings beat for QFIN this season, as it has an Earnings ESP of 0.00% and a Zacks Rank of 2 (Buy) [3].

Core Viewpoint - Qifu Technology, Inc. (QFIN) is identified as a strong value stock with a Zacks Rank of 2 (Buy) and an A for Value, indicating it is likely undervalued in the current market [2][3]. Financial Metrics - QFIN has a PEG ratio of 0.48, significantly lower than the industry average of 1.37, suggesting strong potential for growth relative to its price [2]. - The stock's PEG ratio has fluctuated between 0.31 and 0.48 over the past year, with a median of 0.36, indicating consistent undervaluation [2]. - QFIN's P/S ratio stands at 1.46, which is also lower than the industry's average P/S ratio of 1.56, reinforcing the notion of its undervaluation [2]. Investment Outlook - The combination of QFIN's strong earnings outlook and favorable valuation metrics positions it as an impressive value stock in the current market environment [3].

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.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...

SHANGHAI, China, May 08, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ:QFIN, HKEx: 3660))) ("Qifu Technology" or the "Company"), a leading Credit-Tech platform in China, today announced that it will hold an annual general meeting of shareholders (the "AGM") at 9:30 a.m. on June 27, 2024 (Beijing time) at the address of 13/F Lujiazui Finance Plaza, No. 1217 Dongfang Road, Pudong New Area, Shanghai 200122, People's Republic of China for the purpose of considering and, if thought fit, re-appointing De ...

SHANGHAI, China, May 07, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ:QFIN, HKEx: 3660))) ("Qifu Technology" or the "Company"), a leading Credit-Tech platform in China, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2024, before U.S. markets open on Monday, May 20, 2024. Qifu Technology's management team will host an earnings conference call at 7:30 AM U.S. Eastern Time on Monday, May 20, 2024 (7:30 PM Beijing Time on Monday, May 20, 2024) ...

SHANGHAI, China, May 07, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2024, before U.S. markets open on Monday, May 20, 2024. Qifu Technology’s management team will host an earnings conference call at 7:30 AM U.S. Eastern Time on Monday, May 20, 2024 (7:30 PM Beijing Time on Monday, May 20, 2024). ...

SHANGHAI, China, April 26, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ:QFIN, HKEx: 3660))) ("Qifu Technology" or the "Company"), a leading Credit-Tech platform in China, today published its annual ESG report for 2023. The report demonstrates Qifu Technology's ESG-related guidelines, strategies and targets in 2023, highlighting the Company's efforts to environmental sustainability and social responsibility, the progress to improve corporate governance, and its ESG performance. In the future, Qifu ...