Factors Likely to Have Influenced Earnings Results 360 Finance (NASDAQ:QFIN)

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Earnings results for 360 Finance (NASDAQ:QFIN)

360 Finance, Inc. is expected* to report earnings on 08/24/2020 before market open. The report will be for the fiscal Quarter ending Jun 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.73. The reported EPS for the same quarter last year was $0.6.

360 Finance last issued its quarterly earnings data on May 28th, 2020. The reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $1.35. The business had revenue of $449.11 million for the quarter. 360 Finance has generated $2.39 earnings per share over the last year and currently has a price-to-earnings ratio of 7.8. 360 Finance has confirmed that its next quarterly earnings report will be published on Monday, August 24th, 2020.

Analyst Opinion on 360 Finance (NASDAQ:QFIN)

2 Wall Street analysts have issued ratings and price targets for 360 Finance in the last 12 months. Their average twelve-month price target is $16.20, predicting that the stock has a possible upside of 10.66%. The high price target for QFIN is $20.00 and the low price target for QFIN is $12.40. There are currently 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

360 Finance has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $16.20, 360 Finance has a forecasted upside of 10.7% from its current price of $14.64. 360 Finance has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: 360 Finance (NASDAQ:QFIN)

360 Finance does not currently pay a dividend. 360 Finance does not have a long track record of dividend growth.

Insiders buying/selling: 360 Finance (NASDAQ:QFIN)

In the past three months, 360 Finance insiders have not sold or bought any company stock. Only 27.12% of the stock of 360 Finance is held by institutions.

Earnings and Valuation of 360 Finance (NASDAQ:QFIN

Earnings for 360 Finance are expected to grow by 36.21% in the coming year, from $2.32 to $3.16 per share. The P/E ratio of 360 Finance is 7.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.23. The P/E ratio of 360 Finance is 7.79, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 52.46. 360 Finance has a P/B Ratio of 2.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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