Lufax Holding Ltd (NYSE:LU) Analysts Are Reducing Their Forecasts For This Year [Yahoo! Finance]
Lufax Holding Ltd American Depositary Shares, each representing two (2) Ordinary Shares (LU)
Company Research
Source: Yahoo! Finance
Revenue and earnings per share (EPS) forecasts were both revised downwards, with analysts seeing grey clouds on the horizon. Investors however, have been notably more optimistic about Lufax Holding recently, with the stock price up an unbelievable 54% to US$4.48 in the past week. With such a sharp increase, it seems brokers may have seen something that is not yet being priced in by the wider market. Following the latest downgrade, the nine analysts covering Lufax Holding provided consensus estimates of CN¥30b revenue in 2024, which would reflect a disturbing 40% decline on its sales over the past 12 months. Per-share earnings are expected to leap 176% to CN¥4.41. Prior to this update, the analysts had been forecasting revenues of CN¥35b and earnings per share (EPS) of CN¥5.21 in 2024. It looks like analyst sentiment has declined substantially, with a substantial drop in revenue estimates and a real cut to earnings per share numbers as well. Check out our latest analysis for Lufax
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News
- Lufax Holding Ltd (NYSE:LU) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Lufax Announces Annual General Meeting on May 30, 2024 and Filing of Its Annual Report on Form 20-FPR Newswire
- Lufax Reports First Quarter 2024 Financial ResultsPR Newswire
- Lufax to Announce First Quarter 2024 Financial Results on April 22, 2024PR Newswire
- Lufax Holding dominates week's financial movers with 53% surge [Seeking Alpha]Seeking Alpha
LU
Earnings
- 4/22/24 - Beat
LU
Sec Filings
- 4/24/24 - Form 6-K
- 4/23/24 - Form 6-K
- 4/23/24 - Form 6-K
- LU's page on the SEC website