LexinFintech Holdings (NASDAQ:LX) First Quarter 2024 Results

Key Financial Results

• Revenue: CN￥3.24b (up 8.7% from 1Q 2023).

• Net income: CN￥201.6m (down 38% from 1Q 2023).

• Profit margin: 6.2% (down from 11% in 1Q 2023).

• EPS: CN￥1.22 (down from CN￥2.00 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

LexinFintech Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in the US.

Performance of the American Consumer Finance industry.

The company's shares are down 3.4% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with LexinFintech Holdings, and understanding these should be part of your investment process.

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