worth buying post Earnings results? LexinFintech (NASDAQ:LX)

Earnings results for LexinFintech (NASDAQ:LX)

LexinFintech Holdings Ltd. is estimated to report earnings on 08/17/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.43. The reported EPS for the same quarter last year was $0.3.

LexinFintech last issued its earnings data on May 31st, 2021. The reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $1.96. The business earned $449.29 million during the quarter. LexinFintech has generated $0.48 earnings per share over the last year ($1.48 diluted earnings per share) and currently has a price-to-earnings ratio of 4.6. Earnings for LexinFintech are expected to grow by 7.87% in the coming year, from $2.16 to $2.33 per share. LexinFintech has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 17th, 2021 based off prior year’s report dates.

Analyst Opinion on LexinFintech (NASDAQ:LX)

4 Wall Street analysts have issued ratings and price targets for LexinFintech in the last 12 months. Their average twelve-month price target is $13.53, predicting that the stock has a possible upside of 98.31%. The high price target for LX is $18.00 and the low price target for LX is $11.50. There are currently 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”

LexinFintech has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $13.53, LexinFintech has a forecasted upside of 98.3% from its current price of $6.82. LexinFintech has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: LexinFintech (NASDAQ:LX)

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

Insiders buying/selling: LexinFintech (NASDAQ:LX)

In the past three months, LexinFintech insiders have not sold or bought any company stock. Only 24.90% of the stock of LexinFintech is held by institutions.

Earnings and Valuation of LexinFintech (NASDAQ:LX

Earnings for LexinFintech are expected to grow by 7.87% in the coming year, from $2.16 to $2.33 per share. The P/E ratio of LexinFintech is 4.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.15. The P/E ratio of LexinFintech is 4.61, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.91. LexinFintech has a PEG Ratio of 0.50. PEG Ratios below 1 indicate that a company could be undervalued. LexinFintech has a P/B Ratio of 1.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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