Lufax (LU) Set to Post Earnings on Tuesday

Key Points

• Lufax is scheduled to report earnings after the market closes on Tuesday, October 27. Analysts expect $1.08 in earnings per share and $2.22 billion in revenue.
• The company’s previous quarter significantly missed expectations, reporting a $0.04 loss per share and $916.61 million in revenue versus the $1.08 EPS and $2.22 billion revenue consensus.
• Lufax shares recently traded near their 12-month low at $0.84, while analysts maintain an average “Hold” rating and a $1.70 price target.

Lufax (NYSE:LU - Get Free Report) is expected to issue its results after the market closes on Tuesday, October 27th. Analysts expect the company to announce earnings of $1.08 per share and revenue of $2.22 billion for the quarter.

Lufax (NYSE:LU - Get Free Report) last posted its earnings results on Friday, August 14th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($1.12). The firm had revenue of $916.61 million during the quarter, compared to the consensus estimate of $2.22 billion. On average, analysts expect Lufax to post ($0.29) EPS for the current fiscal year and $0.54 EPS for the next fiscal year.

Lufax Stock Up 0.7%

Shares of NYSE:LU opened at $0.84 on Friday. The stock has a market cap of $726.29 million, a price-to-earnings ratio of -1.37 and a beta of 0.69. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.08. Lufax has a 12-month low of $0.83 and a 12-month high of $3.44. The business's 50 day moving average is $1.17 and its 200 day moving average is $1.45.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LU shares. JPMorgan Chase & Co. raised shares of Lufax from a "neutral" rating to an "overweight" rating and set a $2.00 price objective on the stock in a report on Tuesday, July 28th. Wall Street Zen downgraded shares of Lufax from a "hold" rating to a "sell" rating in a report on Saturday, August 22nd. Zacks Research upgraded shares of Lufax from a "strong sell" rating to a "hold" rating in a report on Monday, September 28th. Deutsche Bank Aktiengesellschaft set a $1.40 price target on shares of Lufax and gave the company a "hold" rating in a research report on Thursday, August 27th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Lufax in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $1.70.

Lufax Company Profile

Lufax Holding Ltd. NYSE: LU is a China-based financial services technology company that operates digital platforms for retail and small-business finance. The company connects consumers and small-business owners with financial products and services through online channels and technology-enabled processes.

Lufax's business has historically included retail lending, wealth management and related financial services. Its platforms have provided access to consumer and small-business loans, investment products and other services offered in cooperation with financial institutions.

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