Lufax (LU) Set to Post Earnings on Tuesday

Lufax (NYSE:LU) is anticipated to post its results after the market closes on Tuesday, October 27th. Analysts expect Lufax to post earnings of $10.81 per share and revenue of $2.22 billion for the quarter.

Lufax (NYSE:LU) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of $10.80 by ($11.20). The company had revenue of $916.61 million for the quarter, compared to analyst estimates of $2.22 billion. On average, analysts expect Lufax to post ($2.90) EPS for the current fiscal year and $5.40 EPS for the next fiscal year.

Lufax Price Performance

NYSE LU opened at $8.07 on Friday. Lufax has a fifty-two week low of $8.05 and a fifty-two week high of $34.40. The stock’s 50-day moving average is $11.60 and its two-hundred day moving average is $14.43. The firm has a market cap of $699.77 million, a P/E ratio of -13.24 and a beta of 0.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72.

Analyst Ratings Changes

LU has been the topic of a number of analyst reports. Wall Street Zen lowered Lufax from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Lufax in a report on Thursday, August 13th. Zacks Research raised Lufax from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. JPMorgan Chase & Co. upgraded Lufax from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a report on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft set a $14.00 price target on shares of Lufax and gave the company a “hold” rating in a research report on Thursday, August 27th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lufax presently has a consensus rating of “Hold” and an average price target of $17.00.

About Lufax

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.