Qifu Technology (QFIN) to Report Q1 Earnings: What to Expect?

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].