Company Overview - Qifu Technology, Inc. (QFIN) shares increased by 5.8% to $14.67 in the last trading session, following a 7.5% decline over the past four weeks [1] - The stock's price surge is attributed to strong customer acquisition channels, a high percentage of repeat customers, and ongoing investments in Artificial Intelligence and large language models [1] Earnings Expectations - QFIN is expected to report quarterly earnings of $0.96 per share, reflecting a year-over-year increase of 23.1% [1] - Revenue projections for the upcoming report stand at $597.09 million, which is a 5.4% increase compared to the same quarter last year [1] Market Sentiment - The consensus EPS estimate for QFIN has remained unchanged over the last 30 days, indicating a potential stability in earnings expectations [2] - The stock currently holds a Zacks Rank of 2 (Buy), suggesting positive market sentiment [2] Industry Comparison - Qifu Technology is part of the Zacks Technology Services industry, which includes Aptiv PLC (APTV) [2] - APTV's stock closed 2.1% higher at $81.64, but has seen a -10.1% return over the past month [2] - APTV's consensus EPS estimate has decreased by 0.7% to $1.27, showing no change compared to the previous year, and it currently holds a Zacks Rank of 4 (Sell) [3]
Qifu Technology, Inc. (QFIN) Soars 5.8%: Is Further Upside Left in the Stock?